Found in Robotics News & Content, with a score of 0.59
…Capital, along with existing investors S2G Ventures, Toyota Ventures, F-Prime Capital and Cibus Capital. As part of the round, Brian Rich, managing partner with Catalyst Investors, and Kaz Kikuchi from Translink Capital, will join the company’s Board. Burro is an autonomy company building the future of work outdoors. The company was founded in 2017 and began with a mobility platform designed to help customers meet rising wages and a shrinking workforce. Today, Burro has more than 300 robots working as harvest assist robots in nurseries and permanent crops, where they tow trailers autonomously, patrol depot yards, and serve as a…
Found in Robotics News & Content, with a score of 0.65
…past five years, noted Sanjay Aggarwal, venture partner at F-Prime Capital. He cited verticals such as agriculture, construction, and logistics. “Business models are still evolving, exit opportunities are still being proven, and more investors are needed,” he said. “Robotics Invest is an opportunity for us all to learn from leaders in the industry and jointly create the playbooks for success.” Identify opportunities As robots move out of factories and warehouses into new spaces, startups must stay focused on a narrow value proposition and listen to prospective customers, observed speakers on the panel “Building Product, Manufacturing, and Supply Chain Strategies for…
Found in Robotics News & Content, with a score of 0.22
…week's Robotics Invest event in Boston. Cybernetix Ventures and F-Prime Capital hosted the conference, which drew more than 300 attendees. Mountz and Wurman outlined Kiva's origins, its relationship with the Seattle-based e-commerce leader, and lessons for today's robotics startups and investors. The origin Mountz came up with the idea for Kiva Systems while working at Webvan, an online grocery business that ceased operations in 2001. While working there as the director of business process in logistics, he took note of how inefficient their fulfillment process was. “After I had been there for six months, I looked through the cost of…
Found in Robotics News & Content, with a score of 0.21
…Topcon. Teleo is backed by UP.Partners, Trucks Venture Capital, F-Prime Capital, K9 Ventures, and YCombinator, among others. Later this year, the startup plans to launch semi-autonomous operations in addition to its remote operations offering. Contruction partners plan for more deployments Tomahawk Construction Fort Myers, Fla.-based Tomahawk Construction has partnered with Teleo to deploy its technology on 12 articulated dump trucks for land development of residential subdivisions, a retirement community, and commercial businesses. The remotely operated trucks will haul dirt across a job site, and the excavation and site developer said the trucks will help it run more efficiently despite the…
Found in Robotics News & Content, with a score of 0.55
…C round, along with previous investors GV (Google Ventures), F-Prime Capital, Menlo Ventures, Matrix Partners and Future Shape. Menlo Ventures and Playground Global led previous rounds. “The RightHand Robotics piece-picking solution has demonstrated year after year that autonomous robots are vital to solving the challenges of organizations from retail to pharmacy,” said Arunas Chesonis, managing partner at Safar Partners. “The surge in e-commerce will continue even when the pandemic subsides, and we are eager to witness the continued maturation of the robotics industry in response to this global demand.” “RightHand Robotics identified a challenge in the marketplace and responded with…
Found in Robotics News & Content, with a score of 0.49
…It is Toyota Ventures' first investment in agricultural robotics. F-Prime Capital and the Cibus Enterprise Fund joined the round along with existing investors including Radicle Growth and ffVC. “Charlie and the Burro team have big plans to drive their product roadmap from a growing customer base, harden their technology through real-world use, and offer extended platform services that farmers need every day,” said Jim Adler, founding managing director at Toyota Ventures. “Burro is already gaining traction in the big, broken but increasingly accessible agricultural market.” “Burro’s product is in high demand because the team is hyper-focused on understanding and solving…
Found in Robotics News & Content, with a score of 1.38
…funding. Existing investors NIO Capital, Eight Roads Ventures, and F-Prime Capital also participated in the round. In 2018, Nio Capital led Innuvision's $30 million Series A round, with participation from Eight Roads Ventures, F-Prime Capital, and Banyan Capital. The Series B round brings Innovusion’s total funding to over $100 million. “As a Silicon Valley company growing rapidly in both U.S. and China, I am very pleased to have so many well-known global investment institutions participate in our Series B financing round,” said Bao. “As autonomous driving technology matures, more and more producers of electric vehicles will choose front-mounted lidars as…