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…SVF Investment Corp. 3, a SoftBank unit, and plans to be publicly listed on Nasdaq. It filed an S-4 registration statement, a final proxy statement, and an SVF prospectus with the U.S. Securities and Exchange Commission (SEC) on May 9. Walmart to accelerate materials handling with robots Each week, approximately 220 million customers and members visit approximately 10,500 Walmart stores…
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…the e-commerce fulfillment arm of SoftBank, is working to make a lights-out facility a reality. “Our ultimate goal is a completely automated warehouse,” said Masashi Okabe, a project manager and production engineer at SoftBank Robotics, and a member of the team that designed the highly automated 600,000-sq.-ft. facility in Ichikawa City. Part of that vision includes the development of a…
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…Since acquiring Boston Dynamics from SoftBank last year, Hyundai Motor Group has expressed strong interest in commercializing products such as Stretch. What are Hyundai's expectations? “Most people in the Americas think of Hyundai as a car company, but in South Korea, it's a manufacturing company, a logistics company, and a construction company,” Blankespoor said. “They've got a huge number of…
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…it has agreed to acquire SoftBank Robotics Europe SAS from SoftBank Robotics Group Corp. The transaction will result in United Robotics Group becoming one of the leading service robot providers in Europe, said the companies. As part of United Robotics Group (URG), the former SoftBank Robotics Europe (SBRE) will revert to the name “Aldebaran,” which developed robots for academic and…
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…announced it is buying the SoftBank Vision Fund's stake in its Cruise self-driving car company for $2.1 billion. San Francisco-based Cruise makes electric, driverless vehicles such as the Origin shuttlebus. Last month, the company announced that SoftBank was going to invest an additional $1.35 billion because Cruise had started operating its fully autonomous vehicles. It has also begun offering self-driving…
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…in 2020 in partnership with SoftBank Robotics Group. The AMR uses artifical intellgence and self-driving technology to help it navigate environments, according to Bear Robotics. Mobile waiter at your service The company said casinos, senior living center facilities, and corporate campuses have used its service robots. “Having started my own restaurant years ago, I learned firsthand just how hard things…
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…Lee Partners (THL), and the SoftBank Vision Fund led RightHand's latest funding, which brings its valuation to $240 million. Tenzer said he expects the company make $10 million in revenue this year. Zebra Technologies, Epson, and Global Brain also join the Series C round, along with previous investors GV (Google Ventures), F-Prime Capital, Menlo Ventures, Matrix Partners and Future Shape.…
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…into the fingertips of a SoftBank Pepper humanoid robot. Sensors on the fingers of each hand can be positioned on a patient's chest to take electrocardiogram (ECG) and photoplethysmogram (PPG) readings. Blood pressure is monitored and estimated by combining the sensor data from each hand. Using predetermined algorithms, the signals from the paired sensors can generate a patient's systolic and…
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…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 CEO.…
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…the Waltham, Mass.-based company from SoftBank Group Corp. last year. Stretch is a “flexible, easily integrated solution that can work in any warehouse to increase the flow of goods and improve associate safety by taking over physically demanding tasks,” claimed Boston Dynamics. The mobile manipulator has a compact, omni-directional base and a custom-designed lightweight arm, as well as a suction…
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…Pine Venture, SIG, BlueRun Venture, SoftBank, and HAX. TAIHECAP was designated as the exclusive financial advisor. Previous investors included ZhenFund, C&I Capital, INNO, BOLE and XJTU 1896. YouiBot said it plans to focus on precision manufacturing and the energy industry by continuing its advances in production scenarios, planning algorithms, and robotics hardware. The company also said it will “expand its…
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…the next level,” Cohen added. “SoftBank has tremendous experience investing in leading-edge artificial intelligence and robotics innovators, and our partnership with them will provide us with new insights, relationships, and capital that will help us realize our full potential. Together, I’m confident Symbotic will be a powerful, long-term force in modernizing the supply chain to the benefit of all.” Software…
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…and use cases,” said Lacaze. SoftBank and Luminar work with Robotic Research SoftBank Vision Fund 2 and Enlightenment Capital led Robotic Research's Series A round. Other investors included Crescent Cove Advisors, Henry Crown and Co., and Luminar Technologies Inc. “We believe that autonomous vehicle technology has the potential to reshape how goods and people are moved around,” said Akshay Naheta,…
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…through application programming interfaces (APIs). SoftBank among funding leaders Capital Today, SoftBank Vision Fund 2, Meituan, and other investors participated in Gaussian's Series C round. The company did not disclose its current valuation, reported Reuters. In April, Gaussian Robotics raised $100 million in Series B funding. The global market for cleaning robots will experience a compound annual growth rate (CAGR)…
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…investors included Google, Kroger, and SoftBank. “We’re thrilled to have the backing of these prominent investors and world-class companies, and honored that they support our vision of improving communities and revitalizing local commerce,” said Dave Ferguson, co-founder and president of Nuro. “We believe this investment will allow us to accelerate our commercialization strategy and better everyday life with Nuro’s technology.”…
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Look beyond the headlines for the latest in humanoid robots
