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TTTech Auto AG yesterday raised €250 million ($285 million U.S.) from Aptiv PLC and Audi AG in its latest funding round. Aptiv is investing €200 million ($228 million), while Audi is increasing its existing stake by €50 million ($57 million). With this latest funding round and a valuation of more than $1 billion, TTTech Auto said it is part of…
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With the threat of the coronavirus still present around the globe, organizers of the Olympic Games Beijing 2022 are taking advantage of robotics to help keep athletes and attendees safe this year. An estimated 2,900 athletes are participating, according to the International Olympic Committee. The event will take place within a “closed-loop” bubble system to help minimize the spread of…
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Cyngn Inc. and Greenland Technologies Holding Corp. yesterday announced a strategic partnership in which Cyngn will add its self-driving capabilities to Greenland forklifts with its proprietary Enterprise Autonomy Suite, or EAS. Integration of EAS will enable the forklifts to switch between fully autonomous, manual, and remotely-controlled modes, said the companies. “Currently, there are over 850,000 forklifts operating in the United…
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Investors and innovators are working to make smart and self-driving cars more perceptive. LeddarTech today announced that it has raised $140 million (U.S.), including a first Series D close of $116 million and debt facility of $24 million. The Quebec City-based company said it plans to use the funding to accelerate the development and commercialization of its sensing technologies. “The…
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Anduril Industries Inc. yesterday said it has acquired Dive Technologies Inc., adding autonomous underwater vehicles, or AUVs, to its portfolio of unmanned systems for military and other applications. “The world beneath the ocean is completely different than the one above it,” stated Brian Schimpf, co-founder and CEO of Anduril. “It requires different types of sensors, modalities, and problem solving than…
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From pallets to warehouse workflows, Vecna Robotics provides robots and software to automate materials handling. Last week, the Waltham, Mass.-based company announced that it has raised Series C funding of $65 million. Vecna said it plans to use the investment to develop new robots and software, fufill orders, and expand operations as it serves a $165 billion market for autonomous…
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Fully autonomous lift trucks aren’t in that many DCs just yet, but they are seen as a high-growth solution given issues like labor shortages and escalating fulfillment pressures. It’s estimated by research firm Interact Analysis that approximately 10,800 robotic lift trucks shipped globally in 2021, or about 0.6% of the total lift truck market. Still, the day may come when…
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Rite-Hite’s Global Headquarters project in Milwaukee continues to advance on schedule with the recent installation of 900 roof-mounted solar panels on the Tech Building, which is on the south side of Freshwater Way. Expected to help offset the company’s energy costs for years to come, the solar panels will be one of several green building elements used in construction of…
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In that same report, CBRE states that the average cost to return a $50 item is as much as 66% of the original sales price – up from 59% in 2020. That means greater pressure on already-thin profit margins and the risk that a successful, if challenging, peak season grows less successful over time. For sellers, that means time is…
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The number of robots sold in North America set a new record in 2021, with 39,708 units sold at a value of $2 billion, a 14% increase over the previous high in 2017, said the Association for Advancing Automation, or A3, today. The organization said the growth was “propelled by a surge in non-automotive sectors.” “More industries recognized that robotics…
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Consolidation is continuing among component makers and mobile robot providers. ZAPI Group today announced that it has acquired BlueBotics SA, including shares held by investor Forestay Capital. The companies said the transaction closed Dec. 21, 2021, but they did not disclose terms. “The acquisition of BlueBotics is a key strategic move for ZAPI Group as it further strengthens our position…
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Spring is a time for rebirth, for agricultural robotics as much as for apple orchards. Abundant Robots, which is developing automation to deliver high-quality produce to consumers, yesterday launched a crowdfunding campaign to raise $20 million in seed capital. The Santa Monica, Calif.-based company's launch came two weeks after Wavemaker Labs Asia purchased the intellectual property of Hayward, Calif.-based Abundant…
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Cruise LLC yesterday announced that the SoftBank Vision Fund will invest another $1.35 billion toward commercializing its autonomous vehicles. The General Motors Co. spinoff also said it has opened rides from its staff to the public in San Francisco. “The SoftBank Vision Fund initially invested $900 million in Cruise in 2018,” said Kyle Vogt, co-founder, chief technology officer, and interim…
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Lifts are giving robots additional reach for new applications and industries such as construction and energy. RE2 Robotics Inc., which develops mobile manipulation systems, today announced a partnership with JLG Indstries Inc., which manufacturers mobile elevating work platforms, or MEWPs, and telehandlers. The companies said they intend to advance the integration of robots with access equipment. “The future of work…
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Restaurant robotics startups are hungry for funding as they scale up to meet a large potential market. Miso Robotics Inc. today opened its Series E funding round with a target of $40 million. The Pasadena, Calif.-based company said it plans to use the new capital to meet demand for its commercial kitchen robots and to grow its workforce, which has…
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
