Search Results: forwardx

Locus Robotics Obtains $50M More Funding for Further Global Expansion

Found in News and Content

…$150 million Series E, and ForwardX's $38 million Series B round. The global market for mobile robots (including automated guided vehicles or AGVs) will experience a compound annual growth rate (CAGR) of 15.34%, growing from $11.4 billion (U.S.) in 2019 to $30.96 billion by 2026, according to Research and Markets. It attributed this growth to increasing demand, labor constraints, and…

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ForwardX Robotics Introduces Collaborative Mobile Robots as a Service

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ForwardX Robotics Inc. today announced it will offer its collaborative mobile robots through a robotics-as-a-service, or RaaS, model. While the Beijing-based company will also offer outright sale and renting options, the RaaS subscription-based model aims to encourage supply chain operations to upgrade their facilities without the large upfront investment usually associated with automation projects. “The pressure on supply chains to…

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ForwardX debuts computer vision AMR fleet

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ForwardX Robotics (Booth 1207) recently launched in the Americas what it claims is the world’s only computer vision-based AMR fleet, which has already been installed in logistics, manufacturing and retail facilities abroad. The company is offering a free two-year warranty and a “Pay When You Achieve ROI” campaign for the turnkey solution, and guarantees 99.5% uptime in 24/7 operations. It…

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