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…an automated storage system, the partners added. Hai’s goods-to-person systems can be constructed using almost any industry standard racking and containers. Systems can have varying heights up to 10 meters high, and varying container sizes and material, stored up to 5 totes deep. With such adaptable capabilities, Hai systems can be modified to help advance facilities in ways that historic…
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…Amazon Industrial Innovation Fund, Safar Partners, and Yamaha Motor Ventures for a total of $14 million. The full investment round including earlier closings totals $29 million. This funding will accelerate Veo’s strategy of working with selected corporate partners to deploy a new class of efficient and collaborative, human-in-the-loop robotic solutions enabled by Veo’s proprietary safety technology, the company added. “The…
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…Investments, and Taylor Frigon Capital Partners. Centerview Partners acted as financial advisor to HaptX. San Francisco-based Crescent Cove Advisors increased its investment in HaptX in this funding round after providing a $4 million credit facility to HaptX in 2021. “HaptX has succeeded in generating tremendous customer demand across a wide array of use cases,” said Jun Hong Heng, founder and…
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…New Economy Collaborative said its partners include labor groups, educational institutions, workforce and economic development organizations, businesses, and more. During the application process, the collaborative convened a coalition of more than 90 public and private organizations representing 11 counties in southwestern Pennsylvania. The counties were Allegheny, Armstrong, Beaver, Butler, Cambria, Fayette, Greene, Indiana, Lawrence, Washington, and Westmoreland. The Pittsburgh Robotics…
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In 2020, Thomas H. Lee Partners L.P. raised $900 million for its THL Automation Fund. Since then, the Boston-based company has helped automated storage provider AutoStore go public, acquired the Semiconductor Solutions Group of Brooks Automation for $3 billion, and invested in freight-tracking software firm FourKites. In February 2022, THL participated in robotic picking provider RightHand Robotics' Series C round.…
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…multidisciplinary design firm fueseproject. The partners will work to refine the Cionic Neural Sleeve, a device that uses artificial intelligence to understand and influence human mobility in real time. It is designed to enable greater access and independence for people with impairments from conditions such as multiple sclerosis, stroke, cerebral palsy, and more. “Building bionic clothing that can augment human…
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…Kleiner Perkins, NEA, Greycroft, Bee Partners, and 468 Capital. Rapid Robotics says RMO to democratize automation Historically, industrial automation be more challenging and time-consuming to deploy than collaborative robots, noted Rapid Robotics. This is especially true outside of mass production environments because of their complexity and the extensive safety measures required, it said. The Rapid Machine Operator (RMO) offers the…
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…and a couple of AutoStore partners. We've seen growth and the extension of piece picking with AutoStore's ASRS. A new customer was Apotea, a Swedish e-commerce pioneer. It started in 1997 with high-value, low unit-volume prescriptions and took the pharmacy online. Today, it has $500 million in revenue and an 80% CAGR [compound annual growth rate] over 10 years. The…
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…enhances drone functionality for our partners working in environments where autonomous or semi-autonomous operations are a priority,” stated Ben Waters, co-founder and CEO of WiBotic. “We designed it as a flexible solution for those who either already own and operate drones—and have their own infrastructure in place—or those who are looking for a more cost-effective option for fully autonomous operations,”…
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…Inc., NVIDIA Corp., and Wavemaker Partners, led the funding. New investors Mark Tompkins and Republic Deal Room also participated. Sarfraz Maredia, vice president of delivery and head of Americas at Uber, has joined Serve’s board, effective July 31. The transaction was sponsored by Montrose Capital Partners. Network 1 Financial Securities (as consulted by Intuitive Venture Partners) and Aegis Capital Corp…
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…of engineering and supply chain partners including Hai Robotics, a leading global provider of automated storage and retrieval systems, or ASRS. The partners said they aim to improve flexibility and sustainability in manufacturing offerings. The collaboration is intended “to optimize all aspects of the value chain, from concept to execution, with emphasis on autonomous systems, workforce optimization, and improved information…
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…delivery of goods to consumers.” Partners tout potential benefits FORTNA and Geek+ said their custom installations will “enable customers to add flexibility to their operations, while increasing throughput and creating a more positive workplace for their warehouse employees.” They listed the following potential benefits: Enhanced efficiency: FORTNA said its industry knowledge will be complemented by Geek+'s technology, creating efficient and…
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…offerings to our customers and partners at this state-of-the-art facility.” The opening included a panel discussion featuring Deepu Talla, NVIDIA VP of robotics and edge computing, Rainer Brehm, Siemens Factory Automation CEO, and Ujjwal Kumar, Teradyne Robotics group president. The panelists discussed the use of physical AI across industries, underscoring the transformative power of advanced automation for businesses and workplaces.…
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…grow market opportunities.” MassRobotics seeking partners for Accelerator program MassRobotics said its Accelerator has been recognized worldwide and received significant support from partners, sponsors, academic institutions and others, attracting both startups and mentors to the program. To fund future MassRobotics Accelerator programs, the nonprofit is seeking innovative and forward-thinking corporations to support future cohorts. The MassRobotics Accelerator has a track…
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…NVIDIA and its ecosystem of partners and customers are showcasing next-generation robots, automation and AI technologies designed to accelerate the continent’s leadership in smart manufacturing and logistics. NVIDIA technologies boost robotics development Central to advancing robotics development is Europe’s first industrial AI cloud, announced at NVIDIA GTC Paris at VivaTech in June 2025. The Germany-based AI factory, featuring 10,000 NVIDIA…
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