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Ouster and Vecna Robotics partner to accelerate material handling automation

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Ouster, a provider of high-resolution digital lidar sensors, has signed a strategic customer agreement with Vecna Robotics, a material handling automation company and autonomous mobile robot maker.

The agreement includes a non-binding forecast for approximately 3,000 OS digital lidar sensors through 2025 as Vecna Robotics scales production to meet increasing customer demand for warehouse and logistics automation.

Vecna Robotics plans to fuse Ouster lidar into its multi-sensor autonomy stack to equip self-driving pallet trucks, tow tractors, and lift trucks for high-capacity material handling operations. [Read more…] about Ouster and Vecna Robotics partner to accelerate material handling automation

Global semiconductor manufacturing equipment sales on track to exceed $100 billion in 2021 for first time

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Global sales of total semiconductor manufacturing equipment by original equipment manufacturers are forecast to reach a new high of $103 billion in 2021, surging 44.7 percent from the previous industry record of $71 billion in 2020, according to industry organisation SEMI.

SEMI released its findings in its Year-End Total Semiconductor Equipment Forecast – OEM Perspective at SEMICON Japan 2021.

The growth is expected to continue with the global total semiconductor manufacturing equipment market expanding to $114 billion by 2022. [Read more…] about Global semiconductor manufacturing equipment sales on track to exceed $100 billion in 2021 for first time

Evocargo to exhibit autonomous logistics vehicle technology at CES

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Evocargo will showcase its cutting-edge services in cargo transportation based on their own electric unmanned vehicle in the Vehicle Tech category at the Consumer Electronics Show 2022, being held in Las Vegas from January 5-8.

Established in 2019, Evocargo will exhibit its Smart Logistic service based on unmanned all-electric platforms. Evocargo’s EVO.1 vehicle (3.5 tons full weight) will be displayed, featuring a payload capacity of 1.5 tons, power reserve of 155 miles and operating time of 20 hours with 40-minute charging time.

Evocargo’s all-electric/hydrogen autonomous vehicles ensure its customers’ operations are always on time, optimized and precisely coordinated through all process cycles. [Read more…] about Evocargo to exhibit autonomous logistics vehicle technology at CES

Robotic Assistance Devices Mobile to develop autonomous delivery vehicle

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Robotic Assistance Devices Mobile (RAD-M), says it has committed to producing an intelligent autonomous delivery vehicle based on its Roameo security patrol robot (main picture).

RAD-M is a subsidiary of Artificial Intelligence Technology Solutions, a developer of AI-driven security and productivity solutions for enterprise clients.

Steve Reinharz, CEO of AITX, says: “Developing this product is something that we’ve wanted to green light for some time, and I’m thrilled to be able to make the official announcement today. [Read more…] about Robotic Assistance Devices Mobile to develop autonomous delivery vehicle

ForwardX Robotics raises $31 million in Series C funding round

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ForwardX Robotics, a Beijing-based developer of autonomous mobile robots for warehousing and manufacturing environments, has completed its initial Series C1 funding round, raising $31 million.

The initial round was led by Taikang Life Insurance, with Qualcomm Ventures and Starlight Capital also contributing to the round.

Only seven months after the close of its $63 million Series B round, the latest round of funding brings ForwardX to approximately $100 million in total investment since its founding in 2016. [Read more…] about ForwardX Robotics raises $31 million in Series C funding round

ABB claims 20 percent share of $14 billion distributed control systems market

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ABB claims it has “global market leadership” in the distributed control systems market, and that this claim has been confirmed “for 22nd consecutive year”. The industrial giant is making the claim after a report by the ARC Advisory Group.

ARC’s report calculates that ABB’s Distributed Control Systems (DCS) maintained a “leading share” of around 20 percent in 2020 in a market worth more than $14 billion .

During 2020, ABB saw growth across key regions, despite the impact of the pandemic on the DCS market across industry. [Read more…] about ABB claims 20 percent share of $14 billion distributed control systems market

Advanced Driver Assistance Systems predicted to grow to $63 billion by 2024

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The global market for Advanced Driver Assistance Systems (ADAS) is projected to be valued $63 billion by 2024, according to a report by Accurize Market Research. 

The sector is expected to see a compound annual growth rate of 10.7 percent from 2017 to 2025.

Advanced driver assistance systems, or ADAS, are systems developed to automate, adapt, and enhance vehicle systems for safety and improved driving to assist the driver in the driving procedure. [Read more…] about Advanced Driver Assistance Systems predicted to grow to $63 billion by 2024

Rescale closes $105 million in expanded Series C funding

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Rescale, a provider of intelligent computing for digital R&D with high-performance computing built for the cloud, has raised $105 million in additional funding.

Rescale powers science and engineering breakthroughs with intelligent full-stack automation powered by the near-infinite computing capabilities of hybrid cloud and provides hybrid cloud high performance computing platform enabling intelligent computing for digital R&D.

Rescales has closed $105 million in an expanded Series C funding round, with participation from existing and new investors in the company including Sam Altman, Jeff Bezos, Richard Branson, Paul Graham, Peter Thiel, Fort Ross Ventures, Gaingels, Gopher, Hitachi Ventures, Initialized Capital, Keen Venture Partners, Microsoft M12, Nautilus Venture Partners, Nvidia, Prometheus Capital, Republic Labs, Samsung Catalyst Fund, Solasta Ventures, Yield Capital Partners and more. [Read more…] about Rescale closes $105 million in expanded Series C funding

Proposed new European laws will cause ‘severe damage’ to industry, warn global robotics leaders

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The European Commission’s proposed AI Act and updated regulations on machinery products will cause “severe damage” to European small businesses, robotics companies and innovation, according to four of the most influential voices in robotics and automation.

Together, the International Federation of Robotics, the VDMA Robotics + Automation Association, EUnited Robotics and REInvest Robotics urgently call on European policymakers to revisit and amend the proposals. [Read more…] about Proposed new European laws will cause ‘severe damage’ to industry, warn global robotics leaders

Baidu Apollo wins approval for commercialized autonomous car service on open roads in Beijing

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Baidu Apollo has received approval for the commercial operation of its autonomous car service in Beijing, as the company’s Apollo Go, known as Luobo Kuaipao in China, was authorized to provide paid service in China’s first-ever demonstration zone for commercial autonomous driving.

With the service’s first-ever commercial deployment on open roads, Apollo Go marks a further step in its accelerating progress towards large-scale commercial operation.

The autonomous vehicle commercial permit granted by the head office of the Beijing High-level Automated Driving Demonstration Area (BJHAD) today allows Baidu to charge fees for autonomous services offered to the public in a designated area. Baidu was among the first service providers to receive such authorization. [Read more…] about Baidu Apollo wins approval for commercialized autonomous car service on open roads in Beijing