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…agreement with Revolution Acceleration Acquisition Corp. (RAAC), a special-purpose acquisition company (SPAC). The merger is expected to result in Berkshire Grey becoming a publicly listed company early in the third quarter of this year, subject to the satisfaction of customary closing conditions, including approval by the stockholders of RAAC.
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…merger transaction with Rotor Acquisition Corp., a publicly-traded special-purpose acquisition company (SPAC). The transaction is expected to close in the third quarter of 2021, at which point the combined company’s common stock is expected to trade on Nasdaq under the ticker symbol “STRC.”
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…two involving special-purpose acquisition companies (SPACs). In comparison, Robotics 24/7 found 11 such transactions in May. More than $220 million of last month's fundings were Series A rounds, but Series D rounds raised more than $1 billion. Note that many companies did not disclose the amounts of their investments, so the true totals are likely higher. Here are the top…
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…merge with special-purpose acqusition company (SPAC) Gores Holdings VI for $640 million, leading to a valuation of $2.3 billion. RJ Pittman, CEO of Matterport, replied to the following questions: We've seen open-source libraries of objects for training robots in simulation—why hasn't there been a spatial one until now? Pittman: Historically, the vast majority of open-source libraries of environments have been…
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…with a special-purpose acquisition company (SPAC) for a $3.3 billion valuation, Cruise's $2 billion investment from Microsoft and $750 million from Walmart and others, and Waymo's $2.5 billion funding. Other notable deals included TuSimple's $1.1 billion IPO, Woven Planet's acquisition of Lyft's Level 5 division for $550 million, Momenta's $500 million fundraising, and DiDi Autonomous Driving's $300 million round. Xpeng…
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…Inc. and special-purpose acquisition company (SPAC) Northern Genesis Acquisition Corp. II today announced that they have agreed to a merger that will lead to Embark becoming a publicly listed company. For the past five years, San Francisco-based Embark Trucks has been testing purpose-built Class 8 trucks using its autonomous driving software. The startup has partnered with leading carriers in the…
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…with special purpose acquisition company (SPAC) Hennessy Capital Investment Corp. V. A filing with the U.S. Securities and Exchange Commission confirmed Bloomberg’s report. Plus said last month that it is set to have a valuation of $3.3 billion, adding $500 million in proceeds to accelerate its expansion. The Cupertino, California-based company is backed by Sequoia Capital and raised $150 million…
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…Kong-based special purpose acquisition company (SPAC) CITIC Capital Acquisition Corp. (CCAC) said Quanergy meets its investment criteria, which focus on new mobility, energy efficiency, and other sustainability themes. “Since its inception in 2012, Quanergy has developed revolutionary lidar technology and perception software that we believe are positioned for significant growth,” said Fanglu Wang, CEO of CCAC. “We are excited to…
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…announced that it will enter a merger with special-purpose acquisition company (SPAC) Hennessy Capital Investment Corp. V. Plus plans to trade on the New York Stock Exchange, and it expects to be valued at about $3.3 billion upon closure of the transaction, expected in the third quarter of 2021.
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…special purpose acquisition company or SPAC. Upon completion of the transaction, which is expected to occur in the second half of 2021, the combined company will operate as Bright Machines and be a publicly traded company. “Our industrial automation platform, powered by proprietary software and AI-driven solutions, allows even the most traditional manufacturing companies to quickly and easily deploy flexible…
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…by the end of 2024. SPAC deal details Hennessy Capital Investment Corp. V (HCIC V) is a special-purpose acquisition company (SPAC) that raised $345 million in its IPO in January 2021 and is listed on the Nasdaq Capital Market. Daniel J. Hennessy founded HCIC V to pursue an initial business combination, with a specific focus on businesses in the sustainable…
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…spate of special-purpose acquisition company (SPAC) mergers, or will there be more new entries? “We're going to see both,” said Burnstein. “For instance, Ambi recently emerged from stealth, and I would not expect to see the end of innovation or new startups.” “COVID didn’t create the move toward automation, but it certainly has accelerated trends that already were under way,”…
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…the trend of robotics companies working with special purpose acquisition companies (SPAC). While many companies did not disclose the amounts of their transactions, the following deals reflect the ongoing interest in increasing automation across vertical market segments.
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…with a special-purpose acquistion company (SPAC), his company's approach to commercialization, and requirements and use cases for industrial exoskeletons. Anatomy of a SPAC deal How did Sarcos and Rotor Acquisition find each other? What are the benefits of working with a SPAC? Wolff: It started with our board talking about what we were going to do about our next capital…
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…picking. Berkshire Grey, which is merging with a special-purpose acquisition company (SPAC), promoted its e-commerce fulfillment, smart store replenishment, and dynamic parcel sortation offerings. Reading, Pa.-based EnerSys offered virtual product demonstrations at ProMat DX of its EnSite modeling software and power management tools.
Ultrasonic sensing enhances robotics perception
Cybernetix Ventures’ event kicks off Robotics Tech Week 2026 slate of events
Preview the manufacturing and warehouse components that will be on the…
Preview the manufacturing and warehouse robots and software that will be on…
