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Glossary Term: RaaS




 
 
Robotics as a Service, commonly abbreviated as RaaS, is a business model in which a robotics vendor offers its hardware, software, and services for rent or lease rather than outright purchase. It is based on Software as a Service (SaaS) and is common in certain industries, such as construction and utilities. Robotics suppliers claim that RaaS lowers barriers to adoption by shifting risks and costs from capital expenditures, or CapEx, to operational expenditures, or OpEx. It can also provide recurring revenue for vendors. Service-level agreements may be managed by third parties such as integrators.
 
 

Latest RaaS posts

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Walmart and DroneUp Announce Multi-Site Drone Deliveries in Arkansas
Walmart is launching three full-time DroneUp airport "Hubs" for on-demand drone deliveries, with the first operation already running in Farmington, Ark.

Polar Hardware Automates for the First Time With Formic Machine Tending Robot
Polar Hardware, which manufactures door and truck body hardware, struggled to meet production goals and has turned to Formic's robotics-as-a-service and collaborative robots.

Fieldin Acquires Midnight Robotics, Begins Deploying Autonomous Farming Platform in California
Fieldin says the combination of its smart farm operations management platform with Midnight Robotics' autonomous driving retrofit kit will enable farmers to get actionable data.

GXO Logistics Credits Warehouse Automation for Strong Q3 Results
Automation, e-commerce, and outsourcing are the tailwinds helping GXO Logistics grow, according to executives at the global logistics provider, which reported strong Q3 earnings.

Berkshire Grey Robotic Shuttle Product Sortation System Designed to Accelerate Order Fulfillment
Berkshire Grey says its new Robotic Shuttle Product Sortation system can help global retailers, grocers, and logistics providers manage inventory and fulfill orders.

Aurora Releases Beta of Aurora Driver in Commercial Self Driving Truck Pilot
In the pilot of the Aurora Horizon autonomous trucking service, Aurora is using the first commercial beta of its Aurora Driver suite. The company is also working with Colrspace on...

Zyter to Implement Qualcomm IoT Systems for OneScreen Smart Warehouse
To implement a smart warehouse for OneScreen, Zyter is using Internet of Things-as-a-service offerings from Qualcomm to take data out of silos and help manage robots and other devices.

Formant Partners With PickNik Robotics for Cloud Based Mobile Manipulation
To advance mobile manipulation, PickNik Robotics and Formant are collaborating on a cloud-based, low-latency interface for advanced motion planning for robot arms.

Microdrones Partners With Nautikaris as Drone Surveying Equipment Distributor in Europe
Nautikaris will provide Microdrones equipment for lidar, photogrammetry, and gas detection as it offers drones as a service in Belgium, the Netherlands, and Luxbemburg.

Saildrone Closes Series C Funding to Advance Ocean Data Systems
Saildrone, which provides ocean data, mapping, and intelligence systems, has raised $100 million to grow its data-insight teams and go-to-market functions for science and defense markets.

Dexterity Obtains $140M in Series B Funding for Supply Chain Robotics
Dexterity, which offers software as a service to enable robots to have human-like perception and manipulation for unstructured piles of goods, plans to deploy 1,000 robots with its funding.

First Financial Equipment Leasing Offers to Reduce Risk in Adopting Automation
As companies across industries adopt or add automation, they can benefit from leases that make costs more predictable, says First Financial Equipment Leasing.

Top Three Trends With the Current Iteration of Robotics
CEO and Founder of RIOS, where he leads a team focused on solving the last mile automation in the factory with dexterous, AI-powered robots.

Automating the ‘Last Mile’ in Factories with Dexterous AI-Powered Robots
Despite pushing manufacturing and factories to be more automated, they are still currently very labor-driven, and unfortunately the labor shortage is real.

GXO Logistics Offers Warehouses Worldwide Contract Services, Automation
Warehouses worldwide are coping with labor shortages and increased demand. GXO Logistics looks at warehouse automation as an ecosystem, says CIO Sandeep Sakharkar.



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