Found in Robotics News & Content, with a score of 0.53
June 20, 2024
…inside terminals are compressed into expensive real estate. “When I think of an airport, it's like a small city,” said Cole Wolfson, director of the xBridge innovation center at Pittsburgh International Airport (PIT). “There's just about every industry that you can think of that operates here. And so there's boundless opportunities to find new and better, or more efficient ways of doing things.” As the director of xBridge, Wolfson helps innovative technologies spread their wings and find practical use cases to perch on. With such a diversity of spaces connected by complex technical operations, there’s always room for growth and…
Found in MMH News, Blogs & Content, with a score of 1.12
March 01, 2024
…Startup Fund, NVIDIA, Jeff Bezos (through Bezos Expeditions), Parkway Venture Capital, Intel Capital, Align Ventures, and ARK Invest. The investment will accelerate Figure's timeline for humanoid commercial deployment, the company stated. In conjunction with this investment, the company announced it has entered into a collaboration agreement with OpenAI to develop next generation AI models for humanoid robots, combining OpenAI's research with Figure's deep understanding of robotics hardware and software. The collaboration aims to help accelerate Figure's commercial timeline by enhancing the capabilities of humanoid robots to process and reason from language, Figure added. “We've always planned to come back to…
Found in Robotics News & Content, with a score of 4.93
October 11, 2023
…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 MMH News, Blogs & Content, with a score of 4.62
March 10, 2023
…Reuter, Fox Board Member, and former CEO of KUKA. “I could not be more excited to join the Fox Robotics team on the journey of developing and deploying the world’s leading autonomous forklift solution,” says Tchakarov. “The opportunity to build on our existing customer relationships with customers like DHL, among many others, is invaluable in paving the way for scaling our business for the massive growth potential ahead.” Tchakarov joins Fox Robotics on the heels of an over-subscribed $24 million financing round led by BMW i Ventures, with participation from Menlo Ventures, ENIAC Ventures, SignalFire, Zebra Technologies, Japan Airlines &…
Found in MMH News, Blogs & Content, with a score of 4.28
November 09, 2022
…of a $20 million oversubscribed funding round led by BMW i Ventures. Additional new investors include Zebra Technologies, Japan Airlines & Translink Innovation Fund, and Foothill Ventures. Existing investors Menlo Ventures, ENIAC Ventures, and SignalFire also participated in the round, the company announced in late October. Concurrent with the closing of the round, Till Reuter, former CEO of KUKA, and David Fuller, former CTO of KUKA and current CEO of Artificial, will join the company as independent board directors. Fox Robotics states it is the world’s first intelligent forklift that autonomously services the warehouse receiving dock. Fox’s autonomous forklifts are…
Found in Robotics News & Content, with a score of 3.38
October 30, 2022
…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 0.82
August 16, 2022
…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 MMH News, Blogs & Content, with a score of 4.37
April 26, 2022
…private equity firm, led the round with co-investments from BMW i Ventures and Telekom Innovation Pool (TIP), Deutsche Telekom’s strategic investment fund. KINEXON will leverage the investment to accelerate the development of its automation technology and to continue its expansion in North America and Europe, the company said. Headquartered in Munich, Germany, KINEXON provides cloud software that captures, optimizes and automates processes in manufacturing, logistics, and sports. Operating under two core segments, KINEXON Industries and KINEXON Sports & Media, the company’s full Internet of Things (IoT) stack product portfolio combines software with any sensors and connected devices, creating an end-to-end…
Found in Robotics News & Content, with a score of 0.85
January 31, 2022
…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 MMH News, Blogs & Content, with a score of 2.47
January 25, 2022
…Series B funding. The round was led by Scale Venture Partners with participation from current investors Glasswing Ventures, Flyover Capital, Zetta Venture Partners, Forte Ventures, BMW i Ventures, and Kubera VC. The new funding comes just a year after its $8 million Series A. The Series B funds will be used to accelerate Verusen’s global footprint, and further build out its AI-driven technology platform expanding the company’s reach in both the Indirect MRO (Maintenance, Repair and Operations) and Direct Materials space. “Since partnering with Verusen, we have gained much greater control and transparency of our materials across the different business…
Found in Robotics News & Content, with a score of 2.19
November 10, 2021
…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 0.84
November 01, 2021
…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,…
