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Mobileye Global Inc. today announced, in connection with its previously announced initial public offering of 41 million shares of its Class A common stock, the full exercise by the underwriters of their option to purchase 6,150,000 additional shares of Class A common stock at the public offering price of $21.00 per share less underwriting discounts and commissions. The issuance and…
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Brain Corp. this week announced the third generation of its AI platform for autonomous commercial robots. The San Diego-based company said the new version improves localization and navigation performance, enhances safety and reliability, and improves human and robot interactions. The company claims that over 20,000 mobile robots around the world operate using Brain OS to clean floors, move inventory and…
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Warehouses and distribution centers will soon be in the rush of the holiday season, working long hours to fulfill orders. While e-commerce sales aren’t at the all-time highs they were at last year and throughout 2020, the market still demands strong, flexible, and resilient operations to meet peak demand. Robots can help answer the call in response to labor shortages…
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OSARO, a global provider of AI-driven robotics for e-commerce, has launched a partner program that aims to streamline the deployment of robotic solutions for e-commerce and logistics businesses. The OSARO Partners Alliance program provides a range of collaboration and comarketing opportunities for vendors, integrators, distributors, resellers, third-party logistics companies (3PLs), and consultants, to deliver unified solutions, the company stated. The…
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In April, MHS Global, a materials handling automation provider and systems integrator, and Fortna Inc., a warehouse distribution software provider, announced their intention to merge. The combined entity today said it will be known henceforth as FORTNA. The former MHS and Fortna said they combine decades of experience in the design, development, and delivery of omnichannel and parcel distribution solutions.…
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Flying cars may not yet be commonplace, but investors are betting on Volocopter GmbH to bring its air taxi to market with $182 million (U.S.) in the second signing of its Series E funding round. The Bruschal, Germany-based company said the financing “will carry the company beyond the certification of its electric passenger aircraft, the VoloCity air taxi.” “Sustainable mobility…
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Long dismissed as too heavy-duty a task for collaborative robots, welding is now the fastest growing application segment for Universal Robots A/S. The company said the channel grew more than 80% in the first nine months of 2022 in comparison with last year, with over 1,200 cobots expected to ship in the welding vertical this year. Since the first cobot-powered…
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OSARO today has launched a partner program that aims to streamline the deployment of robotic solutions for e-commerce and logistics businesses. The OSARO Partners Alliance program provides a range of collaboration and co-marketing opportunities for vendors, integrators, distributors, resellers, third-party logistics companies (3PLs), and consultants, to deliver unified solutions, according to the San Francisco-based company. The program is designed to…
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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…
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Bastian Solutions, a Toyota Advanced Logistics company, is excited to announce Bastian Solutions SmartPick™, the result of decade-long research and development. This latest advancement in robotic order fulfillment provides a comprehensive solution that meets operational demands; offering customers faster, more accurate orders while answering companies’ requests for a more reliable solution that can grow alongside their operations. Bastian Solutions SmartPick™…
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While self-driving car developers have recently suffered setbacks such as the shutdown of Argo AI, autonomous trucks are moving forward. Einride AB last week said it had successfully completed a commercial pilot of its autonomous, electric vehicle in Selmer, Tenn. The Stockholm-based company claimed that it was the first operation of such a vehicle without a safety driver on board…
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In late August, Gap Inc. opened its newest Customer Experience Center in Longview, Texas. The 850,000-sq.-ft. distribution center is dedicated to e-fulfillment for Old Navy in the Southwest and is part of Gap’s continued focus on enhancing the quality of its customer service. Earlier this summer, the San Francisco-based retailer expanded operations at its facility in Fishkill, N.Y. It added…
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Sales of professional service robots rose 37% in 2021, according to the International Federation of Robotics, or IFR. By region, the strongest growth came from Europe with a market share of 38% followed by North America with 32% and Asia with 30%. Sales of new consumer service robots grew by 9%, according to IFR’s “World Robotics 2022—Service Robots.” “Service robots…
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Earlier this month, Bosch Rexroth said that it is planning to expand its operations and that it will move its linear motion and assembly customizing facility to a new location in Charlotte, N.C. The company said it has outgrown its current location because of “significant growth” in its factory automation business in North America. “We are excited to experience the…
GENISOM AI makes ICRA debut at conference in Vienna
World's first omni-modal evaluation including tactile sensing for…
Ultrasonic sensing enhances robotics perception
North America’s largest automation and robotics event takes place June 22-25
