Found in Robotics News & Content, with a score of 4.93
…quadruped robot. Click on image to enlarge. Source: Formant BMW i Ventures leads round BMW i Ventures led Formant's investment, with participation from new investors Intel Capital, GS Futures. Previous investors, including SignalFire, Hillsven, Pelion Ventures, Holman, Ericsson, Goodyear Ventures, PICUS Capital, and Thursday Ventures, also participated. “Autonomous robotic systems have broken free from R&D departments and are now being deployed at scale to drive business outcomes and resilient operations,” said Kasper Sage, managing partner at BMW i Ventures. “Their proliferation across mission-critical functions, as well as support tasks for humans in various industries underscores the urgent need for seamless…
Found in Robotics News & Content, with a score of 4.18
The BMW Group officially opened its new Additive Manufacturing Campus in Munich. The new facility will combine production of prototype and series parts, along with research into new 3D printing technologies, and associate training for the global rollout of toolless production, the company says. The campus, which cost €15 million, will allow the BMW Group to “develop its position as technology leader in the utilization of additive manufacturing in the automotive industry,” according to a company press release. “Additive manufacturing is already an integral part of our worldwide production system today, and established in our digitalisation strategy,” said Milan Nedeljković,…
Found in Robotics News & Content, with a score of 3.38
…associates,” she added. Fox Robotics gets funding from Zebra, BMW BMW i Ventures led Fox Robotics' funding round. New investors included Zebra Technologies, Japan Airlines & Translink Innovation Fund, and Foothill Ventures. Existing investors Menlo Ventures, ENIAC Ventures, and SignalFire also participated. “Supply chain efficiency and resiliency are top of mind for many companies today,” said Kasper Sage, Managing Partner at BMW i Ventures. “Fox Robotics’ autonomous forklifts allow customers to handle loads quicker and safer while increasing overall workplace productivity.” BMW i Ventures invests in the fields of transportation, manufacturing, supply chain, and sustainability. The venture capital unit of…
Found in Robotics News & Content, with a score of 2.80
…Xometry CEO Randy Altschuler. “Many of our customers, like BMW and Bosch, have a global presence and we can serve more of their needs with a global network. Our AI-driven algorithms and intelligent sourcing platform give us a competitive advantage as we expand across new geographies and manufacturing technologies.” “We are thrilled to join the Xometry team,” says Albert Belousov, Shift co-founder and managing director of Xometry Europe. “Our customers and suppliers will benefit from us joining forces with Xometry.” Dmitry Kafidov, Shift co-founder and managing director of Xometry Europe, agreed: “We're eager to leverage Xometry's technology to continue to…
Found in Robotics News & Content, with a score of 2.19
…to double headcount, robotruck fleet SIP Global Partners, Lightspeed Venture Partners, Battery Ventures, CRV, Muirwoods Ventures, Harpoon Ventures, StepStone Group, Gopher Asset Management, Walleye Capital, Aliya Capital Partners, and others participated in Kodiak's Series B round. Bridgestone Americas and BMW i Ventures previously invested in the company. Cowen served as exclusive placement agent to Kodiak Robotics. Kodiak Robotics said it will use the Series B funds over the next 12 months to double employee headcount by adding at least 85 people to its team. The company will also expand autonomous service capabilities from coast to coast and add a minimum…
Found in Robotics News & Content, with a score of 1.33
…he said. “We need to know what's happening, and I'm a big fan of the logistics work being done there.” Tapping the VC network Raising money during the COVID-19 pandemic can be challenging for robotics startups, with meetings curtailed and many companies chasing e-commerce order fulfillment. Fortunately, Plus One could rely on its experience and network of contacts. “Plus One has been around for a while—since 2016, with a seed round in 2017,” recalled Nieves. “We've had benefit of investors watching us for some time. You can only get so far on the hype of the team and the expected…
Found in Robotics News & Content, with a score of 0.85
…solution to support more robots, applications, and regions worldwide. “I’m very proud to see Wandelbots’ mission become a reality,” said Christian Piechnick, co-founder and CEO of Wandelbots. “Our platform will help to accelerate human-centered robotics solutions in the industry.” Founded in 2017, the company said its “no-code” approach to automation enables application experts to teach their robots independently and become robot experts without the need for coding skills. Wandelbots has more than 140 employees from 17 countries. Wandelbots aims to ease robot coding Wandelbots Teaching offers easy-to-use software interfaces, and the hardware-agnostic platform allows for one centralized interface for all…
Found in Robotics News & Content, with a score of 0.84
…Autobrains' algorithm does not require supervised deep learning. Source: BMW i Ventures Funding and partners Temasek, a Singapore-based global investment company, led Autobrains' Series C round. New investors included automotive player Knorr-Bremse AG and Vietnamese car manufacturer Vinfast. Existing investor BMW i Ventures and long-term strategic partner Continental AG also participated. “Autobrains has tested its technology with hundreds of engineers and millions of miles in lots of geographies,” Raichelgauz said. “One surprise was that after just a few weeks, our partners could see the technology steering a car from a laptop. They saw that this technology could solve many problems,…
Found in Robotics News & Content, with a score of 0.82
…elevate their current workforces to new strengths and purposes. I recently spoke with Armin Schmidt, German Bionic’s CEO and founder. He elaborated on his philosophy of “injecting power” into humans via the exoskeletons. This strikes at the heart of competitive advantage. Unlike passive systems like SuitX and HeroWear, the Cray X uses battery power to provide back and upper-limb support. Also, the German Bionic systems are packed with artificial intelligence and analytics that track usage and adjust to worker behaviors to improve performance. Now with the fifth generation, the company has taken its platform to the next step with walking…
Found in Robotics News & Content, with a score of 0.63
…big in-person tech shows before the COVID-19 shutdowns began), BMW Group tickled the automotive enthusiasts’ fancy with a demo of the BMW i Interaction EASE, a concept car for the future. Part of the “wow” factor was its use of the panoramic windshield as an augmented reality (AR) display. “It can show additional information on the windscreen that is tailored to the situation at hand and the vehicle’s surroundings. Thanks to 5G connectivity the vehicle knows exactly where it is and can offer the user information on the surrounding buildings, businesses and other objects as and when required,” according to…
Found in Robotics News & Content, with a score of 0.37
…its first production batch of PlusDrive autonomous driving units to Chinese OEM FAW. Kodiak also recently announced investments from BMW i Ventures and Bridgestone Americas, as well as a collaboration with Bridgestone regarding smart tire sensing technologies. The company said it “aims to build the world's most efficient, reliable, and respected end-to-end delivery solution” and it has begun driverless testing of its autonomous system.