Industry News

Innovusion400x275Innovusion, which designs and develops image-grade lidar systems, has announced raising $64 million in Series B financing. The company said the funding will be used to increase the production capabilities of its automotive-grade lidars, support supply-chain partners for mass production capabilities, and further expand its research and development efforts around advanced lidar technologies.

 

FactoryCobotsBWThe Advanced Robotics for Manufacturing (ARM) Institute has announced that Jared Glover, the CEO of CapSen Robotics, has been chosen as the first Arm Institute Fellow. In this role, Glover will execute a technical project that addresses key challenges that hinder the adoption of robotics in manufacturers. Glover’s project, an autonomous robot workspace model with an arm-mounted 3D camera, aims to help small and midsize manufacturers (SMMs) adopt robots by lowering the cost and time of robotic integration.

 

FLIR Centaur400x275FLIR Systems has announced it received more than $70 million in new orders for its advanced ground robots from the U.S. military, including the Army, Navy, Air Force, and Marines. The military branches placed orders for nearly 600 of the company’s Centaur robots, including additional spares, antennas, and payload mounting kits. The U.S. Army awarded FLIR a $31.6 million contract increase for its Man Transportable Robot System Increment II (MTRS Inc. II) program. FLIR said the new award raises the ceiling value of the original contract from $158 million to $190 million.

 

 

ViaBot400x275ViaBot, a robotics startup automating maintenance and management to large properties, has announced its public launch with $6.1 million in funding. The company also disclosed a key partnership with Cushman & Wakefield, which has deployed ViaBot’s RUNO robots to properties in the San Francisco Bay Area for sweeping and security services.

 

FANUC A3reportQ12021 400x275Substantial increases in robot orders from the metals sector, pharmaceuticals, food and consumer goods helped drive a 20% increase in North American robot orders during the first quarter of 2021, the Association for Advancing Automation (A3) reported today. The Q1 2021 numbers were also the second-largest quarter ever for non-automotive sector robot sales, as companies recovering from COVID-19 slowdowns realize that robotics and automation can help them recover.

 

MassRoboticsCareerFair400x275The Massachusetts Technology Leadership Council (MassTLC) and MassRobotics association have announced teaming up to host a virtual career fair for people interested in robotics and artificial intelligence (AI) careers. The event will occur on Wednesday, May 19, from 4 to 6 p.m. EDT. The event is designed for industry job seekers, including recent graduates and seasoned engineers, computer scientists, vision specialists, mechatronics experts, AI professionals and others looking for career opportunities with companies developing hardware and software within the robotics and AI industries.

 

HarmonicBionics400x275Harmonic Bionics, a robotics company that aims to augment human movement, has announced closing $7 million in Series A funding. The new funds will support the company’s clinical research efforts and enable an increase in product development to bringing its advanced upper extremity rehabilitation technology to market.

 

TeleRobUGVs400x275AeroVironment, which develops intelligent, multi-domain robotic systems, has announced it was granted clearance from the German government for its previously announced acquisition of Telerob Gesellschaft für Fernhantierungstechnik mbH (Telerob), in a $45.4 million (€37.5 million) cash transaction. This includes a payoff of about $9.4 million (€7.8 million) in Telerob’s debt at closing, with Telerob now operating as a wholly-owned subsidiary of AeroVironment.

 

NextShiftRobotics400x275JASCI Software, which develops software-as-a-service warehouse management software, has announced the acquisition of NextShift Robotics, an autonomous mobile robot maker based in Lowell, Mass. As a result of the acquisition, NextShift will operate as JASCI Robotics, focused on innovating warehousing and logistics, the companies said in a statement. The financial terms of the acquisition were not disclosed.

 

PrecisionAI 400x275Precision AI, a computer vision and robotics company dedicated to sustainable farming practices, has announced closing $20 million in equity and grant funding. The seed round was co-led by At One Ventures (founded by GoogleX co-founder Tom Chi) and the Industrial Innovation Venture Fund of BDC Capital. The new financing will support the company’s work on a disruptive precision farming platform that deploys swarms of artificially intelligent drones to dramatically reduce herbicide use in row crop agriculture.

 

PathRobotics400x275Columbus, Ohio-based Path Robotics, which is developing an autonomous robotic welding system, has announced raising $56 million in Series B funding, bringing the total invested into the company to $71 million. Leading the round was Addition, joining returning investors Drive Capital, Basis Set, and Lemnos Lab.

 

MiR Florisa400x275Mobile Industrial Robots (MiR), which develops autonomous mobile robots (AMRs), has announced a 55% increase in sales during Q1 2021, compared to the same period last year. The company said a large number of its Q1 sales are for the MiR250, the company’s latest and most compact AMR, with several orders from multinational organizations looking to invest in large fleets of robots as they automate material handling and internal logistics.

 

PlusOneRoboticsFounders400x275Plus One Robotics, which develops vision software for logistics robots, has announced raising $33 million of Series B funding. The funding will be used to support the company’s ongoing expansion in the U.S. and Europe, as well as continued product development to meet rapidly rising customer demand driven by the global boom in e-commerce, the company said in a statement.

 

WovenPlanet400x275Woven Planet Holdings, a subsidiary of Toyota Motor Corporation, has agreed to acquire Level 5, the self-driving division of Lyft, one of the largest ride-hailing companies in the world. The acquisition marks the first major deal for the newly established Woven Planet. Lyft will receive approximately $550 million in cash, with $200 million paid upfront, and $350 million in payments over a five-year period.

 

AMPRoboticsPET400x275AMP Robotics, which develops artificial intelligence, robotics and infrastructure for the waste industry, has deployed six of its AI-guided robotic sorting systems with Evergreen, one of the nation’s largest recyclers of PET (polyethylene terephthalate) bottles at its Ohio processing facility. Evergreen is a subsidiary of Greenbridge, formerly Polychem, a manufacturer of polyester and polypropylene products serving the food and beverage, consumer packaged goods, and industrial industries since 1974.

 

IndustrialRobotsFrostSullivan400x275A new analysis by Frost & Sullivan says the global industrial robotics market will reach revenues of $38.3 billion in 2024, up from $22.2 billion in 2020 (a 12.2% compound annual growth rate). Despite uncertainty in the automotive space and the COVID-19 pandemic, rising demand from industries such as pharmaceuticals, food & beverage, and electrical and electronics are expected to propel growth over the next five years.