Robotics & Automation News

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Noyes Technologies secures $3.8 million to ‘revolutionize’ automation of urban storage areas with robotized nano warehouses

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Noyes Technologies, provider of a flexible robotic warehousing solution designed for urban use, has completed a seed investment round of $3.8 million, led by Vsquared Ventures, and joined by 468 Capital and the Abacon Capital.

The way of consuming is changing rapidly. Customers are requesting ever speedier delivery times but storage spaces close to the customer, especially in the urban landscape, are scarce and costly.

By providing a unique solution ahead of market demand and empowering the delivery and quick commerce market on the journey to profitability, Noyes Technologies is the enabler for urban living and dynamic consumer behavior. [Read more…] about Noyes Technologies secures $3.8 million to ‘revolutionize’ automation of urban storage areas with robotized nano warehouses

Global ‘Robot-as-a-Service’ market set to reach $41.3 billion by 2028

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The global Robot as a Service market was valued at $12.6 billion in 2020 and is expected to surpass $41.3 billion by 2028, registering a compound annual growth rate of 15.9 percent during the forecast period (2021-2028), as highlighted in a report published by Coherent Market Insights.

The ongoing advancement in technologies is propelling the market growth during the forecast period.

The growing adoption of advanced technologies such as automation, artificial intelligence, machine learning, Robot as a Service (RaaS), and many other technologies are expected to drive market growth during the forecast period. [Read more…] about Global ‘Robot-as-a-Service’ market set to reach $41.3 billion by 2028

GE Appliances and Google partner to build ‘next-generation smart home appliances’

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GE Appliances, a Haier company, and Google Cloud have agreed a multi-year partnership to build innovative technologies to elevate the consumer experience in the kitchen and in homes.

As the company continues to reinvent itself and the appliance business, GEA turned to Google Cloud for its world-class expertise in data, analytics, artificial intelligence, and machine learning to accelerate this evolution – and will integrate these capabilities into its entire appliance development process, from ideation to the production line.

The two companies will work together to develop the next generation of smart appliances with Google Cloud Vision AI. [Read more…] about GE Appliances and Google partner to build ‘next-generation smart home appliances’

Desolination: Unique energy and water project combines solar power and desalination

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A unique, €10 million “Desolination” project, involving 19 partners and 12 countries, aims to develop a “first-of-its-kind efficient coupling of concentrated solar power and desalination techniques”.

The Horizon 2020 Desolination project started in June, this year and will last 48 months until May 2025.

During this time, innovative technologies related to both concentrated solar power and desalination will be designed to improve the efficiency of existing concepts. [Read more…] about Desolination: Unique energy and water project combines solar power and desalination

Founder Institute, NASA Ames and MassRobotics partner to launch AI and robotics accelerator in Boston

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The Founder Institute, the world’s largest pre-seed startup accelerator, is partnering with NASA Ames Research Center and MassRobotics for the upcoming Founder Institute AI & Robotics Accelerator program in Boston.

Founders working on aerospace/space, robotics, artificial intelligence, machine learning, autonomous vehicles, augmented/virtual reality, voice, drones and related technologies can apply to the program here: http://fi.co/join/AIRobotics. [Read more…] about Founder Institute, NASA Ames and MassRobotics partner to launch AI and robotics accelerator in Boston

Sole Source Capital portfolio company Supply Chain Services acquires ISG Technologies

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Sole Source Capital, an industrial-focused private equity firm, says its portfolio company Supply Chain Services, a provider of automatic identification and data capture and factory automation solutions to customers across North America, has acquired ISG Technologies.

The acquisition of ISG Technologies adds to Supply Chain Service’s product line and expands its geographic reach into Texas.

This is the fourth add-on transaction supported by Sole Source Capital, following the purchases of Dasco Label, Miles Data and Coridian since Supply Chain Services was acquired in May 2020. Terms of the ISG Technologies transaction were not disclosed. [Read more…] about Sole Source Capital portfolio company Supply Chain Services acquires ISG Technologies

Deutsche Bahn invests in Gideon Brothers 
in $32 million financing round

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Gideon Brothers, a robotics and AI solutions company, has received a new investment from Deutsche Bahn Digital Ventures, the venture capital arm of Deutsche Bahn Group, as part of the recent Series A financing round led by Koch Disruptive Technologies valued at $32 million.

The Series A investment will accelerate the development and commercialization of Gideon Brothers’ AI and 3D vision-based autonomous mobile robots that automate horizontal and vertical material handling operations.

The company is also expanding its manufacturing, sales, customer success, and marketing operations across key markets of the EU and United States, by opening offices in Munich, Germany and Boston, Massachusetts. [Read more…] about Deutsche Bahn invests in Gideon Brothers 
in $32 million financing round

MassRobotics partners with Procter & Gamble to develop automation and manufacturing-related applications

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MassRobotics, a hub for entrepreneurs starting robotics and automation companies, has launched a new partnership with consumer goods multinational Procter & Gamble to collaboratively explore technologies around automation and manufacturing-related applications.

The goal of the partnership is to develop ideas to improve productivity, drive increased value for consumers, accelerate agility from more automation, and allow more flexibility in meeting the manufacturing deadlines of customers.

In addition to exploring and accessing innovations from resident startups, MassRobotics’ overall community will help P&G remain on the cutting-edge of the robotics and automation industry and more closely collaborate with existing P&G robotics partners in Massachusetts. [Read more…] about MassRobotics partners with Procter & Gamble to develop automation and manufacturing-related applications

Brodmann17 adds ADAS to Peachtree Corners’ Level 3 autonomous vehicle for real-world smart city testing

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Brodmann17 has become the first company to add its technology to Peachtree Corners’ Curiosity Lab’s Level 3 autonomous test vehicle.

Peachtree Corners says it is one of America’s first smart city environments powered by real-world connected infrastructure and 5G.

Brodmann17 will further develop and prove out its state-of-the-art software-only perception technology for assisted driving in real-world conditions. [Read more…] about Brodmann17 adds ADAS to Peachtree Corners’ Level 3 autonomous vehicle for real-world smart city testing

4 Ways to Improve the Efficiency of Your Auditing Process

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There are several users of the financial statements prepared by a company.

Some of these users include the existing shareholders, potential shareholders, competitors, customers, management, employees, the government, lenders, and the general public.

All these stakeholders can be interested in a company’s financial statements to help them make wise decisions when dealing with the said company. [Read more…] about 4 Ways to Improve the Efficiency of Your Auditing Process