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Bosch makes $250 million available for startups

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Despite the challenging business environment, the Bosch Group is raising its venture-capital funding for the current business year: its subsidiary Robert Bosch Venture Capital (RBVC) is setting up a new fund for startups; the fund has a volume of 250 million euros (approximately $250 million).

As a provider of venture capital, Bosch supports startups around the world whose technologies have the potential to improve quality of life and conserve natural resources.

“Our investments in startups promote technological progress in business and society,” says Dr Stefan Hartung, chairman of the board of management of Robert Bosch. “And we ourselves also benefit from this collaboration, since solutions to ever more complex tasks can frequently be found faster, more efficiently, and better in partnership with others.” [Read more…] about Bosch makes $250 million available for startups

Mitsubishi Electric to build new factory in India

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Mitsubishi Electric says it will invest approximately 3.1 billion yen ($22.3 million) in its subsidiary Mitsubishi Electric India to establish a new factory in India.

Expected to start operations in December 2023, the new factory will manufacture inverters and other factory automation control system products, expanding the company’s capabilities to meet the growing demand in India.

The rapidly growing Indian market is expanding at an annual rate of about 8% mainly in industries such as automobiles, food & beverage, pharmaceuticals, data centers, and textiles, with further market expansion expected in the future. [Read more…] about Mitsubishi Electric to build new factory in India

On-demand manufacturer Fictiv secures $100 million in funding

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Fictiv, an on-demand manufacturing startup, has closed a $100 million Series E funding round.

The investment will advance Fictiv’s mission to accelerate product innovation with an expanded focus on decreasing supply chain risk through its best-in-category technology and product experience.

This unique combination of benefits helps Fictiv’s customers tackle both the continuous, competitive pressures to innovate faster and address the relentless, daily supply chain disruptions. [Read more…] about On-demand manufacturer Fictiv secures $100 million in funding

Electronic component manufacturer Stego expands headquarters

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Stego, a manufacturer of electronic components, is expanding its capacity at the group’s headquarters in Schwäbisch Hall, in the German state of Baden-Württemberg.

A doubling of warehouse volume for production is already complete. The construction of an office block is now starting. This should be completed by the end of 2023 and provide space for over 70 employees with 1,500 square metres.

The Stego Group in Schwäbisch Hall is growing. Even during the pandemic. Almost without restraint. Rising product demand has led to a strain on material supply and logistics. [Read more…] about Electronic component manufacturer Stego expands headquarters

SLAMcore raises $16 million to give spatial understanding to robots and the metaverse

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SLAMcore, a developer of vision-based location and mapping for robots and autonomous machines, has raised $16 million in Series A capital.

The company says the funding will allow the business to rapidly capitalize on its proven technology which combines AI with consumer-grade cameras, sensors and processors to solve the complex challenges of mapping and navigating for a wide range of autonomous machines and devices.

The funding round was led by ROBO Global Ventures and Presidio Ventures who invested alongside Amadeus Capital, Global Brain, IP Group, MMC and Octopus. Strategic investors Samsung Ventures, Toyota Ventures, and Yamato Holdings also joined the round. [Read more…] about SLAMcore raises $16 million to give spatial understanding to robots and the metaverse

Medical Microinstruments secures $75 million to advance robotic microsurgery

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Medical Microinstruments, a robotics company dedicated to improving clinical outcomes for patients undergoing microsurgery, says it has raised $75 million in Series B financing.

Deerfield Management led the round with participation from new investors, RA Capital Management and Biostar Capital, as well as existing investors, Andera Partners, Fountain Healthcare Partners, Panakès Partners and Sambatech.

The company also announced the addition of three new members to its board of directors. [Read more…] about Medical Microinstruments secures $75 million to advance robotic microsurgery

How should you serve your customers so that you get more of them

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Today, all the basic daily operations of the client are quenched on the card in the app. You are primarily focused on digital service, so it is worth paying attention to the development of financial service products because these are striking short-term and large-scale long-term results.

Let’s look at the key points of the efficiency of financial services. [Read more…] about How should you serve your customers so that you get more of them

Wings and Rings partners with Miso Robotics to begin Flippy 2 pilot

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Miso Robotics, the company transforming the restaurant industry with robotics and intelligent automation, has started a partnership with Wings and Rings, a club-level sports restaurant chain serving signature wings and other chef-inspired menu items, to begin a piloted test of Flippy 2 in its Crestview Hills, Kentucky location, with possible plans for further integration in the months ahead.

Built on the Miso Platform, Flippy 2 leverages artificial intelligence, machine learning, computer vision and data analytics to maximize efficiency in the commercial kitchen.

As the first wing concept to integrate Flippy 2 in a real restaurant environment versus a test kitchen, Wings and Rings sees robotics as the next evolution in alleviating the long-term challenges that the ongoing labor shortage has brought to the entire restaurant industry. [Read more…] about Wings and Rings partners with Miso Robotics to begin Flippy 2 pilot

Simbe Robotics partners with Fast Radius to build new Tally robot

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Fast Radius, a cloud manufacturing and digital supply chain company, is partnering with Simbe Robotics to manufacture components critical to the function and aesthetics of Simbe’s inventory robot, Tally 3.

Simbe says it has “reimagined the possibilities of automation” to create new efficiencies in retail stores and selected Fast Radius’ Cloud Manufacturing Platform because of its ability to bypass current supply chain disruptions through flexible production.

This results in faster time to market versus traditional manufacturing processes and helps the business scale. [Read more…] about Simbe Robotics partners with Fast Radius to build new Tally robot

Hai Robotics raises more than $100 million in D+ financing round

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Hai Robotics, the developer of its own Autonomous Case-handling Robot (ACR) systems for warehouse logistics, has raised more than $100 million in a D+ round of financing.

The lead investor is Capital Today, and co-investors include a top US dollar fund and existing shareholders including 5Y Capital, Source Code Capital, Sequoia Capital and 01VC.

This is the third round of financing it has obtained within the past 12 months. [Read more…] about Hai Robotics raises more than $100 million in D+ financing round