Found in News and Content
…entering new geographic regions. SoftBank SPAC specifics SVF Investment Corp. 3 (SVFC) is a special-purpose acquisition company (SPAC) sponsored by an affiliate of SoftBank Investment Advisers (SBIA). The transaction values Symbotic at a pro forma enterprise value of $4.8 billion, representing 4.8x Symbotic’s calendar year-end forecast for 2023 estimated revenues, and a pro forma equity value of approximately $5.5 billion.…
Found in News and Content
…II, a special-purpose acquisition company (SPAC), raise $614 million, and be publicly listed on the Nasdaq Stock Market. Reasons for Houston expansion Embark said the Houston area offers three strategic advantages as a trucking hub as it scales up its business. Location: Houston is “uniquely positioned for commercially viable long-haul autonomous freight,” said Embark. The city is at the center…
Found in News and Content
…Plus calling off its planned merger with a special-purpose acquisition company (SPAC) last month, investors are continuing to bet on the future of autonomous freight. Other recent transactions involving autonomous trucks include FJ Dynamics Technology's $70 million Series B, Kodiak Robotics' $125 million Series B, Gatik's $85 million Series B, and DeepRoute.ai's $300 million Series B.
Found in News and Content
…Corp., a special-purpose acquisition company (SPAC). Peter Kuepper, vice president of business development at Aeva, replied to the following questions from Robotics 24/7 about lidar and self-driving trucks: How will semi-autonomous and autonomous trucks help with today's snarled supply chains? Kuepper: Three factors have created a tipping point for the acceleration in adoption of autonomous trucking: booming consumer retail shopping,…
Found in News and Content
…an estimated $318 billion TAM. SPAC looks to advance sustainable additive manufacturing Upon completion of the transaction with special-purpose acquisition company (SPAC) Atlantic Coastal, which is expected to occur around the end of the first quarter of 2022, the combined company will retain the Essentium name. It expects to be traded on The Nasdaq Stock Market LLC under the new…
Found in News and Content
…merger with special-purpose acquisition company (SPAC) Rotor Acquisition Corp. and began trading on the Nasdaq in September. Sarcos doubles footprint Sarcos Robotics' new office, laboratory, and production facility occupies more than 60,000 sq. ft. (5,574.1 sq. m). The company said it expects to increase its headcount by 60% to 70% over the course of 2022. The space, which nearly doubles…
Found in News and Content
…merger with special-purpose acquisition company (SPAC) Hennnessy Capital Investment Corp. V earlier this month, investors are still putting billions of dollars into development. Earlier this month, Kodiak Robotics raised $125 million in Series B funding. In September, tire maker Goodyear participated in Gatik's $85 million Series B round, and medium-duty driverless truck developer DeepRoute.ai closed $300 million in Series B…
Found in News and Content
…agreement with special-purpose acquisition company (SPAC) CITIC Capital Acquisition Corp. Upon closing of the transaction, the combined company will be named Quanergy Systems Inc. and is expected to be listed on the New York Stock Exchange under the ticker symbol “QNGY.” The transaction is expected to close in the fourth quarter of 2021, subject to satisfaction of customary closing conditions.
Found in News and Content
…Plus calling off its planned SPAC merger. Kodiak Robotics Inc. today announced that it has raised $125 million in an “oversubscribed” Series B fundraising round for a total of $165 million raised to date. The Mountain View, Calif.-based company said it plans to use its latest investment to continue its aggressive growth plans. “Our Series B drives us into hyper-growth…
Found in News and Content
…foreign ownership Special-purpose acquisition company (SPAC) Hennessy Capital (HCIC V) raised $345 million in its initial public offering (IPO) in January 2021 and is listed on the Nasdaq Capital Market as “HCIC.” Nov. 8 was the “outside date” in the original merger agreement for canceling the deal with Plus. “HCIC was formed to merge with a company that provides sustainable…
Found in News and Content
…IPO 4/7//2021 Aurora Pittsburgh 1,000 SPAC 7/15/2021 Plus Cupertino, Calif. 920 SPAC, IPO 6/23/2021 WeRide Guangzhou, China 620 Series B, C 6/23/2021 Embark San Francisco 614 SPAC 6/23/2021 Level 5 San Francisco 550 Acquisition 4/26/2021 The global market for autonomous vehicles will experience a compound annual growth rate (CAGR) of 14%, growing from $719.94 billion in 2020 to $1.3 trillion…
Found in News and Content
…merge with special-purpose acquisition company (SPAC) Reinvent Technology Partners Y and be publicly traded starting Nov. 4. Aurora marks milestones to commercialization Aurora said it is moving quickly toward the commercial launch of Aurora Horizon in late 2023, and the release of Aurora Driver Beta marks an important milestone. It demonstrates Aurora’s autonomous driving capabilities, confirms its driver-as-a-service business model,…
Found in News and Content
…merger with special-purpose acquisition company (SPAC) Rotor Acquisition Corp. and began trading on the New York Stock Exchange. Sarcos Guardian DX is the defense variant of its XT The Guardian DX robot is the defense-specific variant of the Guardian XT. The highly dexterous mobile robot is itself is a variant of the award-winning Sarcos Guardian XO full-body, battery-powered industrial exoskeleton.…
Found in News and Content
…the environment. AEye completed a SPAC merger and began trading on Nasdaq last month. iDAR can enable faster, more accurate, and more reliable perception, claimed AEye. iDAR includes deterministic artificial intelligence to deliver industry-leading performance in range, resolution, and speed, said the company. 4Sight M trained for robust perception Built on AEye’s iDAR platform, 4Sight M is an intelligent, adaptive,…
Found in News and Content
…traded special-purpose acquisition company or SPAC. The Tel Aviv, Israel-based company has developed 4D imaging radar chipsets for driver-assist systems and self-driving vehicles. It expects to begin trading its ordinary shares and warrants on Nasdaq tomorrow under the ticker symbols “ARBE” and “ARBEW,” respectively. “Becoming a publicly traded company extends our first-mover advantage and market-leading position as we continue to…
GENISOM AI makes ICRA debut at conference in Vienna
World's first omni-modal evaluation including tactile sensing for…
Ultrasonic sensing enhances robotics perception
Cybernetix Ventures’ event kicks off Robotics Tech Week 2026 slate of events
