Robotics & Automation News

Where Innovation Meets Imagination

investors

Medical Microinstruments secures $75 million to advance robotic microsurgery

by

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

Cognicept Systems merges with Kabam Robotics

by

Singapore start-up Cognicept Systems has merged with Kabam Robotics, a division under precision engineering solutions provider, PATEC Group.

Cognicept’s deep technical expertise in robotics technologies and Kabam’s expertise in machine design, precision manufacturing, international supply chains, and deep access to global commercial channels have now been combined to provide world leading robotics solutions for applications such as facilities management, delivery, and surveillance/security.

This merger combines our strengths and opens many doors for everyone involved. [Read more…] about Cognicept Systems merges with Kabam Robotics

Miso Robotics opens Series E funding round after already raising $50 million

by

Miso Robotics, the robotics company specialising in the restaurant industry with, is opening its Series E funding round after raising more than $50 million through equity crowdfunding in its Series C and D.

The company is aiming to raise $40 million this round and plans to use the new capital to more rapidly satisfy the product demand it is facing in the marketplace, as well as grow its workforce, which has more than tripled in size in the past year.

It is currently accepting investment reservations in this round while it undergoes the SEC review process.  [Read more…] about Miso Robotics opens Series E funding round after already raising $50 million

Autonomous driving systems developer Pony.ai valued at $8.5 billion after latest funding round

by

Pony.ai, a developer of autonomous driving technology, has completed its first close of its Series D financing.

The Series D round, which has a significant valuation uplift from the 2020 C and C+ rounds, is a recognition by investors of Pony.ai’s achieved technical milestones and significant progress toward a commercialized robotaxi and robotruck product.

The proceeds from the funding will be used to further augment Pony.ai’s hiring, investment in research and development, global testing of robotaxi and robotrucking on an ever-growing fleet, enter into important strategic partnerships, and accelerate our development toward mass production and mass commercial deployment. [Read more…] about Autonomous driving systems developer Pony.ai valued at $8.5 billion after latest funding round

RightHand Robotics raises $66 million in Series C funding

by

RightHand Robotics, a startup developing autonomous robotic picking solutions for order fulfillment, has secured $66 million in a Series C financing.

The funding round was led by investors Safar Partners, a technology venture fund; Thomas H. Lee Partners, an investor in automation and supply chain; and SoftBank Vision Fund 2, which is part of the SoftBank Group.

Zebra Technologies, Epson and Global Brain also join this round, along with previous investors GV, F-Prime Capital, Menlo Ventures, Matrix Partners and Tony Fadell’s Future Shape. Previous rounds were led by Menlo Ventures and Playground Global. [Read more…] about RightHand Robotics raises $66 million in Series C funding

LeddarTech raises $140 million to develop autonomous driving technology

by

LeddarTech has raised investment of $140 million, which comprises a Series D first close of $116 million and debt facility of $24 million.

LeddarTech is a developer of advanced driver assistance systems (ADAS) and autonomous driving sensing technology.

FS Investors led the financing round with the participation of Investissement Québec, BDC Capital, Go Capital, certain funds managed by Fidelity Investments Canada ULC, Fonds de solidarité FTQ, Export Development Canada, ams Osram, Desjardins Capital, UI Investissement, Cowen Investment II LLC and other LeddarTech management. [Read more…] about LeddarTech raises $140 million to develop autonomous driving technology

Vecna Robotics raises $65 million in Series C funding

by

Vecna Robotics, a provider of robotic material handling automation, has raised $65 million in its Series C funding round led by Tiger Global Management, along with additional funding from new investors Lineage Logistics, Proficio Capital Partners, and Impulse.

The new financing will help fund the company’s technology roadmap with new autonomous mobile robots (AMR) and software, and will accelerate fulfillment of new orders and expanded operations to address the $165 billion market opportunity for pallet-moving autonomy.

Craig Malloy, CEO of Vecna Robotics, says: “There is huge headroom for growth in automated material handling with over 5 billion pallets in the world being moved by more than 5 million forklifts and nearly 5 million manual operators. [Read more…] about Vecna Robotics raises $65 million in Series C funding

Electric Sheep Robotics launches its Dexter robotic lawnmower system

by

Electric Sheep Robotics, the leader in autonomous lawn mowing, has officially launched its Dexter robot.

Dexter takes existing commercial lawn mowers, both gas and electric, and turns them into autonomous vehicles. Dexter is designed to address critical labor shortages in the landscaping, facilities, and property management industries.

Nationally, a record 4.5 million US workers quit their jobs in November. There are more job openings than there are workers. The labor market in landscaping is particularly dire. [Read more…] about Electric Sheep Robotics launches its Dexter robotic lawnmower system

Agtonomy raises another $5 million to develop technology platform for local agriculture

by

Agtonomy, a hybrid autonomy and tele-assist service platform, has raised an additional $5 million in Seed II funding from strategic and venture investors Toyota Ventures, Flybridge, Hampton VC, E²JDJ and Momenta, for a total of $9 million in seed funding to date.

The startup, which is developing a platform for local agriculture, raised $4 million in its seed round from Grit Ventures, GV (formerly called Google Ventures), and Village Global, the venture firm backed by some of the world’s most successful entrepreneurs including Bill Gates, Jeff Bezos, and Michael Dell, in September last year.

This latest round will be used to accelerate development and trials of the Agtonomy platform to address the growing labor and sustainability challenges facing local agriculture. [Read more…] about Agtonomy raises another $5 million to develop technology platform for local agriculture

Supply chain robotics developer Photoneo raises $21 million in Series B funding

by

Photoneo, a developer of robotics for warehouse tasks, has raised $21 million in new funding.

The new funding was from AI Capital, IPM Group, Earlybird, Venture to Future Fund, and Credo Ventures as well as all investors who participated in previous investment rounds.

The newly raised capital will accelerate 3D Sensor business and enable expansion of its fully automated fulfillment solutions for warehouses and dark stores – called BrightPick. [Read more…] about Supply chain robotics developer Photoneo raises $21 million in Series B funding