Found in Robotics News & Content, with a score of 56.55
July 15, 2021
Woven Planet Holdings Inc., a subsidiary of Toyota Motor Corp., yesterday said it is acquiring CARMERA Inc., which specializes in spatial artificial intelligence for automated mobility. CARMERA will join Woven Planet Group as a wholly-owned subsidiary, expanding the company’s footprint beyond its Tokyo headquarters by adding New York and Seattle offices to its planned offices in Silicon Valley and London. Terms were not disclosed. The predecessor to Woven Planet—Toyota Research institute - Advanced Development Inc. (TRI-AD)—previously collaborated with CARMERA on projects from 2018 to 2020. They demonstrated that the companies could successfully develop and update high-definition (HD) maps from commodity,…
Found in Robotics News & Content, with a score of 48.65
April 27, 2021
Woven Planet Holdings Inc., a subsidiary of Toyota Motor Corp., said yesterday that it has agreed to acquire Level 5, the self-driving division of ride-hailing company Lyft Inc. This marks the first major deal for the newly established Woven Planet and continuing consolidation in the autonomous vehicle space. Woven Planet Group launched in January 2021 as an expansion of the operations of Toyota Research Institute - Advanced Development Inc. (TRI-AD) with the motto of “Mobility to Love, Safety to Live.” It includes four companies in support of connected and autonomous vehicles, robotics, smart cities, and more. Woven Planet Holdings Inc.…
Found in Robotics News & Content, with a score of 30.48
August 29, 2023
…more U.S. government and aging agency partnerships this year.” Toyota, others continue to invest in Intuition Robotics Intuition Robotics' latest financing includes $20 million in venture capital and $5 million in venture debt. Woven Capital, the growth fund of Toyota, led the funding, with participation from Toyota Ventures, OurCrowd, Western Technology Investment, and additional investors. Past investors also include Samsung NEXT, iRobot, and Terra Ventures. “Intuition Robotics is advancing the future of mobility for aging populations by offering human connection and access to goods and services that they couldn’t obtain otherwise,” said Nicole LeBlanc, a partner at Woven Capital who…
Found in Robotics News & Content, with a score of 23.30
September 06, 2023
…including SBI Investment Co. and James Kuffner, CEO of Woven by Toyota. The global market for just palletizing robots could expand by $1.7 billion at a compound annual growth rate (CAGR) of 6.71% from 2022 to 2027, according to Research and Markets. Similarly, Fact.MR predicted a CAGR of 9.4%, with that market reaching $10.1 billion by 2033. Mujin plans for growth What will Mujin do next in this growing market? Josh Cloer, director of sales at Mujin, replied to the following questions from Robotics 24/7: What are your plans for the capital? Josh Cloer, Mujin Cloer: Our plan is to…
Found in Robotics News & Content, with a score of 19.98
November 03, 2021
…and accounts advised by T. Rowe Price Associates Inc., Toyota's Woven Capital unit, and other existing investors participated. Nuro raised $500 million in Series C funding a year ago. “The arrival of ubiquitous on-demand e-commerce is changing the way we access goods,” said Griffin Schroeder, partner at Tiger Global. “Demand for local deliveries is exploding. Nuro is the bridge to an era of sustainable, low-cost, autonomous local delivery.” “Kroger launched its partnership with Nuro in 2018 to explore grocery delivery through autonomous vehicles,” said Yael Cosset, senior vice president and chief information officer at Kroger. “Since then, Kroger and Nuro…
Found in Robotics News & Content, with a score of 19.53
November 09, 2021
…Lyft sold Level 5, its own self-driving division, to Toyota subsidiary Woven Planet Holdings Inc. for $550 million in April. Partners iterate toward 2023 launch Motional and Lyft said they are working closely, iterating on all aspects of the deployment and rider/user experience (UX). This includes transporting passengers via the IONIQ 5, Motional's next-generation robotaxi, starting in the second half of 2022. During this initial phase, riders will experience their end-to-end journeys autonomously, including entering the vehicle, starting their rides, and requesting support. The companies said this will enable them to collect rider feedback, refine the UX to be as…
Found in Robotics News & Content, with a score of 18.79
September 05, 2023
…at Carnegie Mellon University and is now CEO of Woven by Toyota. “This Series C funding is a significant milestone for Mujin, a company that has pioneered intelligent automation technology since 2011,” said Kuffner. “Mujin can accelerate and expand its delivery of truly state-of-the-art advanced industrial robotic solutions to customers globally, strengthening its position as the technology market leader.” SBI Investment stated: “We are very proud to be working with Mujin, a company that represents Japanese high-end technology, and we will do everything we can to support the company so that it can become a world-class company.” “Mujin has developed…
