Found in Robotics News & Content, with a score of 2.13
…3. The proliferation of full-stack robots and adoption of RaaS The most important robotics companies in the world are going to be fullstack robotics companies. The term “fullstack” refers to the full suite of hardware (e.g., robotic arm, gripper, camera, etc.) and software stacks all integrated. End customers are looking for complete automation solutions rather than components. This is the reason why financial venture capitalists (VCs) are betting on fullstack companies, as opposed to components manufacturers, hoping that these companies will grab the lion’s share of the robotics market and become unicorns. The VC community is anticipating that components will…
Found in Robotics News & Content, with a score of 2.05
…impacts a small/medium business more than a larger one.“ RaaS facilitates adoption Robotics as a service (RaaS) is a model similar to software as-a-service, whereby an organization subscribes to a service by paying a monthly fee but does not have manage and maintain the assets as it would if it owned them. With RaaS, robots become an operational expense that is instead paid to someone else, while becoming easier to adopt and scale. This is a useful option for small and midsize businesses, especially as the labor market is strained in many industries. According to Forrester Research's “Predictions 2023: Automation…
Found in Robotics News & Content, with a score of 2.03
…offer Nulogy's software-as-a-service and Formic's robotics-as-a-service, or SaaS and RaaS, products. The companies claimed that their technologies will enable customers to implement digital shop-floor systems “with speed, agility, and flexibility – without requiring outsized capital investment.” “As manufacturers and their supply chain partners continue to grapple with labor shortages, intense competition, and shifting customer demands, many businesses are turning to technology for a competitive advantage in cost, efficiency, and customer service,” they said. “Manufacturing cannot survive without automation, whether it's automated data flow or physical automation on the production floor,” stated Misa Ilkhechi, co-founder and vice president of sales at…
Found in Robotics News & Content, with a score of 2.01
…the cost of traditional automation. Frost & Sullivan recognizes RaaS offering inVia claimed that its robotics-as-a-service (RaaS) model beat out category competitors because it provides retailers and 3PLs with a flexible, cost-effective system. It noted that its RaaS model allows customers to pay for the productivity of its robots and software in comparison with competitors that lease or sell robots. The subscription service covers all system updates and includes 24/7 monitoring and support through inVia’s Robotics Operation Center (ROC). A team of robotics experts is dedicated to each customer to oversee fulfillment operations and troubleshoot any problems, often fixing them…
Found in Robotics News & Content, with a score of 1.99
…deep learning technology and is available in a robotics-as-a-service (RaaS) model. Wood recently announced that Picnic's Series A funding surpassed $20.5 million, further enhancing company growth and commercial operations. Picnic Pizza System works with existing menus The Picnic Pizza System is the only modular and configurable pizza-assembly system commercially available in the market today, claimed Picnic. The company said its system can use any restaurant’s existing menu and help operators make up to 100 pizzas per hour with consistent results. Picnic said its automation technology can help businesses same time, money, and labor. Segments that can benefit include convenicence and…
Found in Robotics News & Content, with a score of 1.99
…that a performance guarantee on customers’ terms—along with our RaaS pricing and 24/7/365 Pivotal Command Center—will help drive mass adoption by ensuring that predefined performance gains and ROI expectations are met.” Performance guarantee complements Pivotal Vecna Robotics said its new performance guarantee is designed to address operators' concerns by giving them the opportunity to evaluate systems firsthand. More than 90% of the company's projects are now provided through robotics as a service (RaaS)— a streamlined model for acquiring, deploying, and servicing automation for a low annual fee. Once deployed, Vecna said its Pivotal Command Center monitors its systems. The complimentary…
Found in Robotics News & Content, with a score of 1.94
…that managers need for efficiency and throughput The need to coordinate processes, robots, and people Robotics as a service (RaaS) and mobile robot fleets The need for interoperability among systems from multiple vendors and current standards efforts Listen in today!
Found in Robotics News & Content, with a score of 1.94
…that managers need for efficiency and throughput The need to coordinate processes, robots, and people Robotics as a service (RaaS) and mobile robot fleets The need for interoperability among systems from multiple vendors and current standards efforts Listen in today!
Found in Robotics News & Content, with a score of 1.93
…use cases. The San Francisco-based company supports international robotics-as-a-service (RaaS) companies and Fortune 500 in several verticals. Customers include large technology companies like Google, growing RaaS businesses like Naio, and large enterprises such as BP and Westinghouse Electric Co. Integration for mobile manipulation Formant said it plans to expand its offerings with PickNik for mobile manipulation. Formant and PickNik plan to integrate MoveIt Studio into the Formant platform, allowing both companies to focus on their respective value offerings, and release a beta later this year. The partners said they plan to enable customers to stay focused on their hardware, autonomy,…
Found in Robotics News & Content, with a score of 1.91
…of trying to build non-differentiating tools in-house,” Linnell added. RaaS platform monitors ROS systems Founded in 2017, Formant said robotics-as-a-service (RaaS) providers including Canvas Technology, Blue River Technologies, and Burro have chosen its data platform. Initially released for systems using the Robot Operating System (ROS), Formant's free tier will let engineers easily monitor ROS topics and key metrics from their devices via SSH out of the box, said the company. A user can also send commands to a robot, or even enter into full teleoperation mode to remotely control the robot, all with minimal setup time, it claimed. “Formant's free…
Found in Robotics News & Content, with a score of 1.91
…this widely-used and ubiquitous vehicle type.” Cyngn offers autonomy RaaS Menlo Park, Calif.-based Cyngn said it provides autonomous vehicle (AV) technology to address today's industrial challenges. They include labor shortages, lagging technological advancements from incumbents, and high upfront investment requirements. Cyngn went public in October 2021. The company's Enterprise Autonomy Suite includes the DriveMod modular autonomous driving software and Cyngn Insight, a customer-facing software suite for monitoring and managing fleets and aggregating and analyzing data. EAS also includes Cyngn Evolve, an internal toolkit that enables Cyngn to use data from the field for artificial intelligence, simulation, and modeling. Cyngn offers…
Found in Robotics News & Content, with a score of 1.81
…ramp up and down, the robots as a service [RaaS] provide us with the needed flexibility and scalability to meet our growing e-commerce customer demand while maintaining a smaller, dependable team of warehouse associates and reducing onboarding of new warehouse associates to minutes from weeks,” Schmidt said. Founded in 1994, Lambert Vet Supply (LVS) said its has a twofold mission. First, the Fairbury, Neb.-based company wants to provide pet owners with quality pet supplies, pet medications, and veterinary supplies at competitive prices. Second, LVS intends to provide the best customer care in the industry, starting with sales people committed to…