Found in Robotics News & Content, with a score of 16.28
New software, artificial intelligence, and robotics are making manufacturing smarter and more flexible. Bright Machines Inc. yesterday announced $132 million in debt and Series B equity funding. The San Francisco-based company said it plans to use the financing to continue expanding into high-demand industry verticals and to develop new software and services to complement its existing product portfolio. “We founded Bright Machines with a singular mission to enable our customers to transform the way they have historically approached product assembly,” said Lior Susan, co-founder and CEO of Bright Machines. “We are excited to partner with the industry in creating a…
Found in Robotics News & Content, with a score of 15.75
…founded in 2014 and has offices in Beijing, Shanghai, Silicon Valley, and San Diego. Its smart EVs are manufactured in Zhaoqing and Zhengzhou, China. Xpeng said it delivered 5,686 vehicles in May 2021, a 481% year-over-year increase. Xpeng develops autonomous, driver-assist features In March, Xpeng claimed to have completed 3,000 km (1,864 mi.) in autonomous driving on Chinese highways with 0.71 human driver interventions per 100 km (62.1 mi.) using its XPILOT system. In comparison, Waymo LLC reported a rate of 0.033 disengagements per 1,000 mi. (1,609 km) in 2019. Earlier this month, Xpeng released Xmart OS 2.6.0 through an…
Found in Robotics News & Content, with a score of 15.15
Robotics startups, investors, integrators, and end users are grappling with vendor consolidation, heightened demand and public expectations, and a tightening of available funding. How can they navigate such challenges? Harpinder (Harpi) Singh is a partner at Innovation Endeavors and an entrepreneur with nearly two decades of experience building products for emerging industries at the intersection of mobile, data, and deep tech. Prior to becoming a partner at Innovation Endeavors, Singh was co-founder and CEO of Slice Technologies, a data and analytics company that provides e-commerce market insights to the world's largest consumer brands and was acquired by Rakuten. He also…
Found in Robotics News & Content, with a score of 10.85
…be Mountain View, CA, in the heart of the Silicon Valley. This was his introduction to 3D printing. “That’s when I realized there’s an opportunity to do something meaningful here,” he recalls. “How could I use this technology to make things that are useful in a refugee camp for example?” That became the central tenet of Field Ready. The organization’s emphasis is in local manufacturing—using locally available talent and raw materials for humanitarian needs. Over the years, as he and his team race across Nepal, Syria, Iraq and more to save and rebuild lives, 3D printing became an integral part…