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TuSimple Readies for $1.1B Self-Driving Truck IPO

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While SAE Level 5 self-driving cars may be a ways off, semi-autonomous and autonomous trucks are more likely to be seen on roads in the near future. TuSimple Holdings Inc. yesterday announced that it is preparing for its $1.1 billion initial public offering (IPO). The San Diego Calif.-based company has been developing and offering onboard autonomy software, the TuSimple Connect…


AppHarvest Acquires Agricultural Robotics and AI Startup Root AI for $60M

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AppHarvest Inc., which is focused on sustainable agriculture, today announced that it has acquired Root AI, which is building robots for indoor farms. Morehead, Ky.-based AppHarvest said that its purchase of Root AI and its Virgo “universal harvester” will help it support more complex tasks and data collection. According to AppHarvest, its 60-acre facility is one of the largest indoor…


Scaling for Robot Intelligence

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Technologically, the last 30 years or so have been shaped by advancements in computation, and the ability to build machines that can make decisions independent of human operators is a direct result of this progress. With the growing global demand for machines that can perform labor, intelligent automation will bring about the real changes needed to deliver at scale. Though…


Geosun Chooses ACIENNA as IMU Supplier for Drone Mapping Lidar

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ACEINNA Inc., which develops intertial-based guidance systems for autonomous vehicles and robots, today announced that Geosun Navigation Technology Co., which makes lidar-based navigation systems for drones and remotely operated vehicles, has chosed its inertial measurement units. Andover, Mass.-based ACEINNA provides sensors for the automotive, industrial, telecommunications, datacenter and cloud infrastructure, consumer appliances, agricultural, and construction markets. The company said its…


WiBotic Gains CE Marks for Two Robot Wireless Charging Systems

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WiBotic Inc., which provides wireless charging hardware and software, yesterday announced that two of its systems have received CE Mark approval. Products must meet strict European Economic Area safety, health, and environmental regulations to get CE Marks. The Seattle-based company noted that the approvals build on its prior certifications under similar U.S. Federal Communications Commission (FCC) requirements. “There are growing…


Rapid Robotics Raises $12M Series A for Rapid Machine Operator

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Rapid Robotics yesterday announced $12 million in Series A funding led by New Enterprise Associates. The San Francisco-based company claims to have created the “first ready-to-work robotic machine operator designed for simple machine tasks.” The Rapid Machine Operator is available through a robotics-as-a-service (RaaS) model for $25,000 per year, and it requires no programming, systems integration, specialized hardware, or robotics…


WiBotic

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WiBotic


EDDA Technology Raises $150M to Develop Robotics for Precision Surgery

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EDDA Healthcare and Technology Holding Ltd. today said it has completed a financing round of $150 million (U.S.). The company said its “fully quantitative, real-time interactive” approach to imaging and robotics has enabled it to build a proprietary platform for precision surgery. “Modern surgery has entered a new precision era,” stated Dr. Jianzhong Qian, president and CEO of EDDA Technology,…


OTTO Motors Launches Next Generation of OTTO 1500 as Heavy-Class Mobile Robots Pass 1M Production Hours

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OTTO Motors announced today that it has launched the next generation of its heavy-class autonomous mobile robot for materials handling. The OTTO 1500 is designed to autonomously move pallet-scale loads up to 1,900 kg (4,189 lb.) through busy factories and warehouses. With a top speed of 2 meters per second (4.4 mph), OTTO 1500 can swiftly and safely deliver more…


Veo Robotics Obtains ISO Safety Certification for FreeMove

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Veo Robotics Inc. today announced that its flagship FreeMove product, which is designed to make industrial automation responsive to people, has received safety certification from TÜV Rheinland. The Waltham, Mass.-based company said it is the first of its kind for human-robot collaboration. Veo applies advanced computer vision and 3D sensing to enable industrial robots to perceive and respond to their…


Sarcos Robotics to Merge With SPAC Rotor Acquisition as It Commercializes Exoskeleton

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Sarcos Corp., which makes robots and assistive devices including powered exosuits, today said it will become a publicly listed company through a merger with Rotor Acquisition Corp. Salt Lake City-based Sarcos has been working to commercialize its Guardian XO full-body, industrial exoskeleton by the middle of next year. “Sarcos is building advanced mobile industrial robotic solutions that will advance the…


RE2 Robotics Launches RE2 Sapien Robotic Arm to Augment Human Capabilities

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RE2 Robotics Inc. today unveiled RE2 Sapien, its new brand of robotic arms. The Pittsburgh-based company said its systems can improve operational efficiencies, worker safety, and productivity. The RE2 Sapien includes intuitive human-robot controls, as well as computer and autonomy capabilities for outdoor use, including underwater, said RE2 Robotics. RE2 Robotics was founded in 2001 and has developed robotic arms,…


SoftBank Spends $2.8B to Acquire 40% of Automated Storage Provider AutoStore

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AutoStore, which makes automated storage and retrieval systems, yesterday announced that SoftBank Group Corp. will spend $2.8 billion to acquire 40% of the company from funds affiliated with Thomas H. Lee Partners L.P. and EQT Private Equity, among other shareholders. AutoStore said the funding will enable it to accelerate its global expansion, “with particular emphasis on the Asia-Pacific region.” Nedre…


Future Trends for Robotics and Automation

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There is an end-of-year tradition in tech companies to reflect on the technological trends that happened throughout the year and predict the future. Interestingly, Abraham Lincoln said that “The best way to predict the future is to create it” — which is essentially what we’ve done by founding RIOS two years ago. We’ve articulated a thesis on how the future…


Top 10 Robotics and Automation Transactions in Q1 2021

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Despite the slowdown in the global economy last year because of the COVID-19 pandemic, investments, mergers, and acquisitions have continued apace in robotics and automation. In the first quarter of 2021, such transactions totaled more than $17 billion (U.S.). Robotics 24/7 tracked more than 20 transactions worth over $100 million each in the first quarter of 2021. As in the…


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