Topic: Funding

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ARM Institute Awarded American Rescue Act Grants to Help U.S. Manufacturing Be More Resilient

April 1, 2022 · The ARM Institute is participating in two projects receiving a total of $16 million to help manufacturers integrate robots into their processes and diversify supply chains.

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Beewise to Use $80M Series C for Robots to Respond to Hive Threats

April 1, 2022 · Beewise has developed monitoring technology to protect bee populations and increase honey production. This week, it announced Series C funding for its Beehome system.

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Terra Drone Raises $70M in Series B Funding for UAS Traffic Management, Urban Air Mobility

March 24, 2022 · Terra Drone is received investment from investors and a Japanese public-private infrastructure fund to develop drone hardware and software for multiple industries.

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General Motors Purchases SoftBank Vision Fund’s Stake in Self Driving Company Cruise for $2.1B

March 21, 2022 · SoftBank Vision Fund has sold its stake in Cruise to General Motors four years after initially investing in the self-driving vehicle developer.

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Toyota Ventures Opens 2022 Call for Factory of the Future Innovation

March 18, 2022 · Toyota Ventures' third global call of innovation seeks startups that can apply AI, robotics, and other technologies to enable Industry 4.0 and advanced manufacturing.

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Bear Robotics Announces $81M Series B for Hospitality Robots

March 17, 2022 · Bear Robotics, which has developed mobile service robots for the restaurant industry in partnership with SoftBank, has raised $81 million to continue product development.

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Robot Prices Drop as AI Investments, Ethics Worries Increase, Finds Stanford HAI AI Index 2022 Report

March 16, 2022 · The Stanford Institute for Human-Centered Artificial Intelligence released the "AI Index Report 2022," which studied academic research, job postings, investments, and regulations around AI and robotics.

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Volocopter Raises $170M in Series E Funding Toward Urban Air Mobility

March 11, 2022 · Volocopter, which is developing autonomous, electric vertical takeoff and landing vehicles, has obtained funding and made partnerships for expansion in South Korea and for leasing.

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Mobileye Files for IPO in U.S., Will Stay Part of Intel

March 10, 2022 · Mobileye has filed papers with the U.S. Securities and Exchange Commission, entering the first phase of the Intel machine vision unit's initial public offering.

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Pony.ai Gets Series D Financing Toward Mass Deployment of Autonomous Vehicles

March 7, 2022 · Pony.ai, which consolidated its robotaxi and autonomous trucking units, announced it has closed on Series D financing. The California company said the money will help it reach mass deployment.

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ReWalk Robotics, Imago Rehab Join Massachusetts Funded Wearables Research With Harvard, Boston University

March 4, 2022 · Massachusetts has awarded a grant worth $3 million to collaborators at Harvard, Boston University, ReWalk Robotics, and Imago Rehab to develop and commercialize assistive robotics.

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Gecko Robotics Raises $73M in Series C for Infrastructure Inspection

March 3, 2022 · Gecko Robotics, which provides climbing robots for critical infrastructure inspection, has raised Series C funding bringing its total valuation to $533 million.

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Sanctuary Cognitive Systems to Use Series A Funding Toward General Purpose Robots

March 3, 2022 · Sanctuary Cognitive Systems has raised $58.5 million as it continues to develop general-purpose "Synths," humanoid robots and AI, to relieve labor shortages and help explore outer space.

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Starship Technologies Raises $100M in 30 Days, as Autonomous Delivery Demand Tripled in 2021

March 1, 2022 · Starship Technologies, which has attained valuation of about $200 million, also recently marked 3 million robotic deliveries and 3 million miles traveled autonomously.

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Automata Raises Series B Financing for Laboratory Robotics

February 25, 2022 · Automata, which raised $50 million, plans to continue development of its Automata Labs product for scientists working in drug discovery, healthcare diagnostics, and biotech.

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RIOS Raises Series A Funding for AI Powered Robotic Workcells

February 23, 2022 · RIOS said it plans to use its $28 million to scale deployments of AI-driven workcells in a robotics-as-a-service model for factories, warehouses, and supply chain customers.

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RightHand Robotics Picks Up Series C Funding for Piece Picking Automation

February 23, 2022 · RightHand Robotics has raised a total $99 million to date as it continues to make its RightPick 3 suite even faster, more flexible, and scalable for e-commerce order fulfillment.

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Kiwibot Completes Pre-Series A of $7.5M, Closes Its Expansion Deal with Sodexo

February 20, 2022 · Founded in 2017, Kiwibot has raised approximately $14 million. It says its expanded contract with Sodexo will help it reach its goal of expanding to 50 locations in the next three years.

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Exodigo Makes Nonintrusive Underground Mapping Commercially Available, Raises Seed Funding

February 17, 2022 · Exodigo says its mapping platform combines sensors, 3D imaging, and AI to help the construction, mining, and utility industries avoid hazards, costs, and time-consuming work.

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Miso Robotics to Install Flippy 2 Frying Robot in 100 More White Castle Locations

February 16, 2022 · White Castle, which claims to be the world's first fast-food hamburger chain, is ordering more Flippy 2 robots from Miso after its initial, successful deployment around Chicago.

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