Topic: Funding

News

Agtonomy Closes $5M Round for Semi-Autonomous Agricultural Equipment

January 21, 2022 · Agtonomy, which is developing a human-supervised platform to automate agricultural equipment in response to labor shortages and sustainability challenges, closed its Seed II round.

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Phantom Auto Gets Investment, Orders for Remote Operations Software for Logistics Vehicles

January 21, 2022 · Not only did ArcBest and NFI participate in the $42 million investment in Phantom Auto; the logistics providers also ordered thousands of teleoperated forklifts.

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Luminar Partners With Mercedes-Benz to Add Lidar to Production L3 Self-Driving Cars

January 20, 2022 · Mercedes-Benz is investing in Luminar to add lidar to its DRIVE PILOT automated driving system, which will enter series production in its S-Class and EQS this year.

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Addverb Technologies Receives $132M From Reliance Retail to Grow Indian Robotics

January 19, 2022 · Addverb, which supplies mobile robots, picking systems, and automated storage, plans to use its funding to expand manufacturing in India and operations in the U.S. and Europe.

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7bridges Obtains Series A Funding to Transform Supply Chains With AI

January 18, 2022 · 7bridges, which has developed the LEO platform to provide logistics visibility, plans to use its $17 million round to improve supply chain efficiency and resilience.

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Formic Technologies Raises Series A Funding to Offer Robotics as a Service to Manufacturers

January 18, 2022 · Formic Technologies, which is now valued at more than $100 million, said it will use its Series A funding to expand its pay-by-the-hour automation for U.S. manufacturers.

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Exotec Raises $335M Series D for Robots to Improve Supply Chain Resilience for Global Retailers

January 17, 2022 · Exotec, which has developed the Skypod rack-climbing robots and Skypicker robot arm, is now worth $2 billion as it expands in North America and worldwide.

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HDS Global Launches Technology Center Using Robots, AI for the Future of E-Commerce

January 14, 2022 · HDS Global says its fully automated Technology Center for e-commerce order fulfillment has attracted investors and industry leaders as it moves toward commercial release.

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Formant Raises Series A Funding for Cloud-Based Robot Fleet Management Platform

January 5, 2022 · Formant plans to double in size as demand grows for its technology for managing heterogeneous fleets of robots in industries such as logistics and agriculture.

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Blue Ocean Robotics Receives $51M Investment as It Grows Global Service Robot Reach

January 5, 2022 · Blue Ocean Robotics, which provides disinfection, patient transfer, and telepresence robots, has grown 20x since 2018 and received funding from A.P. Moller Holding.

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Miso Robotics CEO Discusses Crowdfunding, Flippy 2 Frying Robot, and 2022 Wishes

December 29, 2021 · From partnerships with national restaurant chains and the new Flippy 2 food-preparation robot to successful crowdfunding, Miso Robotics' CEO reviews the company's good year.

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Haomo Becomes the Latest Unicorn in Global Autonomous Vehicle Race

December 23, 2021 · Haomo, which has been developing Level 2 and 4 autonomous driving capabilities, has received investment from partners including automaker Great Wall Motor and Qualcomm.

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Powermat Gets Series B Funding From Foxconn, Hudson Sustainable Group for Wireless Power Tech

December 16, 2021 · Powermat, which already supplies inductive charging technology to global manufacturers, is partnering with Foxconn Interconnect Technology and Hudson Sustainable Group for new markets.

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ForwardX Robotics Raises $31M to Bring More Autonomous Mobile Robots to the U.S.

December 14, 2021 · Beijing-based ForwardX Robotics, which has developed autonomous mobile robots for factories and warehouses, has raised Series C1 funding to increase R&D and expand in the U.S. market.

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Apex.AI Raises Series B Round for ROS Based Autonomous Vehicle Operating System

December 14, 2021 · Apex.AI, whose Apex.OS is based on ROS 2, is safety-certified, and is designed to enable easier software development for autonomous vehicles, is looking at new industries and Asia.

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Petra Raises Series A Funding to Bore Through the World’s Hardest Rocks for Utilities

December 10, 2021 · In response to man-made and natural disasters threatening critical infrastructure, Petra has developed a semi-autonomous, non-contact, thermal tunneling robot for utilities.

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MassRobotics Marks Another Year of Growth, Successful Partnerships

December 10, 2021 · At an annual event, MassRobotics noted the many ways in which public-private partnerships have helped Massachusetts robotics innovators and entrepreneurs in the past year.

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Knightscope Offers $40M in Security Robotics Stock on Nasdaq

December 1, 2021 · Knightscope, which has developed Autonomous Security Robots for the U.S. market, is offering $40 million in its IPO and taking its robots on the road for a nationwide show.

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Virtual Incision Obtains Series C Funding for MIRA Robotic Surgical System

November 30, 2021 · The MIRA surgical platform, which Virtual Incision says is the first miniaturized robot of its kind, is currently in clinical studies as the company gets financing for commercialization.

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FJ Dynamics Closes Series B Funding for Mobile Robots in Agriculture, Other Industries

November 29, 2021 · FJ Dynamics plans to use its Series B funding to develop more autonomous systems for agriculture, construction, and landscaping, which it already provides to 60 countries.

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