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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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…over 30 countries. In April, SoftBank Group Corp. acquired a 40% stake in AutoStore for $2.8 billion. AutoStore Bins are stacked vertically in a grid and retrieved by robots that travel on the top layer of the system, allowing the grid to be placed around columns and on mezzanines and multiple levels. This design allows bins of products to be…
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…manager and production engineer at SoftBank Robotics (SBR), and Taro Ito, the robot quality assurance/control and software lead for SBR. They have designed a new 600,000-sq.-ft. SB Logistics distribution center (DC) in Ichikawa City, Japan, about 10 miles from Tokyo. Both companies are part of SoftBank Group: SB Logistics is a third-party logistics (3PL) provider for e-commerce fulfillment, and SoftBank…
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…Investors look to accelerate commercialization SoftBank Vision Fund 2 led Opentrons' Series C investment, with participation by Khosla Ventures. SoftBank Investment Advisers (SBIA) is a segment of SoftBank Group, a Japanese multinational conglomerate holding company headquartered in Minato, Tokyo. SBIA is manager of the Vision Funds, which seek to accelerate the AI revolution through investments in market-leading businesses. “Opentrons is…
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SoftBank Robotics Group Corp. today announced a global partnership with Keenon Robotics Co., which focuses on indoor service robots. The global launch expands on Keenon's announcement last week of $200 million in Series D funding and collaboration with SoftBank Robotics. The companies said they will work together to expand the use of robotics in the service industry. They said that…
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…selling a 40% stake to SoftBank in April. “THL remains focused on investing behind automation leaders, as underscored by the closing of our Automation Fund in 2020, and working with management to accelerate growth, said Jim Carlisle, managing director and head of THL’s Automation Fund. “We welcome Brooks Automation into our family of dynamic and innovative automation solution providers, and…
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…new markets, trends, and customers.” SoftBank leads round SoftBank Vision Fund 2 led Keenon Robotics' Series D round, followed by CICC ALPHA and Prosperity7 Ventures, the diversified growth fund of Aramco Ventures. China Renaissance was the exclusive financial advisor for this financing. “We believe robotic solutions can have a profound impact across the services industry by assisting with repetitive, tedious…
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…C funding round led by SoftBank Vision Fund 2. The robotics software startup claimed to be “the only unicorn in the intelligent robotics field with a valuation exceeding US$1 billion globally.” Agile Robots said it will use the financing for product development, mass production, and sales expansion. “With the unique technology by combining a robotic OS [operating system] and the…
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…As the recent cessation of SoftBank's Pepper service robot line shows, most humanoids are not yet rugged, dexterous, or affordable enough to be commercially viable or useful for multiple tasks. Combining locomotion, a humanoid design, mobile manipulation, and a smooth user interface is a still a tall order. As with the concept of multipurpose household robots, the hardware of humanoids…
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…fact, at Walmart [which uses SoftBank's Whiz cleaning robots powered by BrainOS], it's good ROI if technology is not displacing people. It increased its number of robots this year by 200. What other applications besides cleaning does Brain enable? Thomason: We strategize a lot. We have extended, paid-for pilot with Sam's Club to do shelf scanning in 11 stores today.…
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…logistics service (3PL) facility with SoftBank Robotics Corp. “The new center complements other design and test facilities in the region and provides a focal point for customers, investors, and technical activities,” said Berkshire Grey. In February, Berkshire Grey entered into a definitive agreement with Revolution Acceleration Acquisition Corp. (RAAC), a special-purpose acquisition company (SPAC). The merger is expected to result…
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…improve surgical care, said CMR. SoftBank Vision Fund 2ii leads round SoftBank Vision Fund 2ii led CMR's Series D round, which was co-led by Ally Bridge Group. Other new international investors included RPMI Railpen, Tencent, and Chimera, broadening the geographic scope of the company's shareholder base. “Demand for minimally invasive robotic surgery is growing rapidly among surgeons and patients, yet…
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…in Boston Dynamics Inc. from SoftBank Group Corp., following the receipt of regulatory approvals and other customary closing conditions. The deal valued the Waltham, Mass.-based mobile robot company at $1.1 billion, and additional financial details were not disclosed. Seoul, South Korea-based Hyundai now holds an 80% stake in Boston Dynamics, while Tokyo-based SoftBank retains the remaining 20% through one of…
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RobotLAB Inc. and SoftBank Robotics America last week announced that SoftBank' Pepper and NAO humanoid robots are now available in North America exclusively through RobotLAB. The partnership also expands Pepper's educational and industrial focus areas to a broader range of applications, and it marks RobotLAB's debut as a integrator for SoftBank's Whiz cleaning robots. The companies said their collaboration builds…
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…a new strategic collaboration with SoftBank Robotics America. The alliance will focus on commercializing robotics and integrated automation as part of Canon Solutions America’s larger Workplace Health Solutions portfolio, starting with the Whiz cleaning robot. “Our alliance with Canon Solutions America speaks to the speed and scale of demand for robotics under the reinvention of what it means to share…
Edge computing gives AI agents the processing power to turn instructions into…
China's Office of the Working Mechanism for Foreign Investment Security…
President Trump orders a review of robotics imports over national security…
Platform helps robots adapt to complex tasks
