Headquartered in Pittsburgh, PA, the new institute is made up of governments, industry, academia, and non-profit organizations from across the country. Combined they have contributed $173 million that will be fused with $80 million in federal funding.
Entertainment, camera, moon-shot and military drones are all becomming more distinct as the drone industry gets commoditized. Prices are dropping even as impressive new features are added. It's a difficult time for drone makers.
After reading all the press releases for this batch of 21 research reports, one can see that although they vary widely in their forecasts they almost all agree that the robotics market is expected to grow at a double digit pace through 2022.
2016 was a banner year for acquisitions of companies involved in robotics and automation: 50 sold; 11 for amounts over $500 million; five were over a billion. 30 of the 50 companies disclosed transaction amounts which totaled up to a colossal $18.867 billion!
It was a busy and abundant year for seed, crowd, series A,B,C,D and VC funding of robotics-related startups. 128 companies got funded, some multiple times. $1.95 billion, 50% more than 2015 which was also a phenomenal year with over $1.32 billion funded.
At RoboUniverse in San Diego in December, agricultural robots and the labor shortage were quickly identified as the biggest issues facing the industry today. Water scarcity and field health were other key issues mentioned, but it’s labor that keeps farmers up at night and robotics that could come to their rescue.
Advanced Integration Technology (AIT) will acquire KUKA Systems Aerospace North America (KUKA Aero), in a carve-out transaction to comply with U.S. regulators who objected to KUKA's sale to Chinese consumer products manufacturer Midea.
It's been a big year for acquisitions of companies involved in robotics and automation: 48 have sold thus far in 2016. Eight involved amounts over $500 million and five were over a billion; KUKA's acquisition by Chinese consumer products giant Midea was the biggest at $5.11 billion.
In a move consistent with many other recent acquisitions of stars within the robotics industry, Liquid Robotics announced that they sold their company to Boeing's Autonomous Systems for Defense, Space & Security division.
The Beijing World Robot Conference (WRC), sponsored by Beijing City, the Ministry of Industry and Information Technology, and the China Association of Science and Technology, was held October 21-25. It was big, long, ran over a weekend, and gave a run-down of the breath of China's fast-emerging robotics industry.
Intel is establishing an autonomous driving division; hacker George Hotz is open-sourcing his self-driving software in a bid to become a network company; LiDAR and distancing devices are changing. What's it all mean?
Seventeen robotics-related companies got funded for a combined total of over $225 million. Four more got acquired. Three went public to raise funds. And one failed.
To meet rising food demands from a growing global population, over 250 million acres of arable land will be needed – about 20% more land than all of Brazil.
In President-elect Trump's interview with the NY Times yesterday, when discussing jobs, closed factories and factories that may leave the country, he was asked: "Are you worried that those companies will keep their factories here, but the jobs will be replaced by robots?
In the last six years, (2010–2015), according to the IFR (International Federation of Robotics), US industry has installed around 135,000 new industrial robots. The principal driver is automation in the car industry. During this same period, (2010–2015), the number of employees in the automotive sector increased by 230,000.
For the last many years there have been very few stock IPOs (Initial Public Offerings). Promising companies have been acquired instead, eg: Kiva Systems and Universal Robots. But two robotics-related companies have recently filed: one for the Tokyo Stock Exchange and the other for the New York Stock Exchange.
Amazon's Echo sales have exceeded 4 million and they are ramping up to sell 10 million in 2017; Google's Home has received positive reviews and have just begun selling in large numbers; but SoftBank's Pepper and Cynthia Breazeal's Jibo have either failed or are stalled. Why?
Zoox, the secretive Silicon Valley startup working to build its own self-driving cars, has quietly raised $50 million (in October) in a Series A round led by Composite Capital Management, a Hong Kong-based hedge fund. This brings Zoox's total equity funding to $290 million.
October fundings for robotics-related startups totaled $291.75 million bringing the year-to-date funding figure very close to $1.5 billion. For acquisitions, three of the six companies acquired reported that $390.5 million traded hands. All in all another strong month for robotics.
Silicon Valley and other technology centers have their share of brilliant minds. Some of them have similarly outstanding egos. A few of those have very short fuses. Such is the story of George Hotz.
It was clear that DJI was winning the drone war by the end of 2015. Today's best sellers are mostly DJI products. Other makers (Parrot, 3D Robotics, Autel, Yuneec et al) haven't been able to capture any significant portion of the camera drone market. Most saw the writing on the wall and began switching to becoming drone service providers in other marketplaces.
Each year the International Federation of Robotics (IFR) surveys and tabulates data from its worldwide network of robotics associations. The two 2016 annual World Robotics Industrial Robots and World Robotics Service Robots reports represent the IFR's analysis of 2015 results.
In a quest to understand why and where all the billions of dollars are being spent on Artificial Intelligence (AI), Charlie Rose and the CBS 60 Minutes team took us on a journey to a cancer hospital in North Carolina, Austin, Texas, and the Carnegie Mellon University robotics lab in Pittsburgh.
SoftBank, the Japanese telecom conglomerate, led a group that included Iconiq Capital, Prelude Ventures, Tao Capital Partners, and seven others in a $130 million funding round for Zymergen to help the company grow its workforce and scale its operations in Silicon Valley.
Dag Kittlaus was the founder and CEO of Siri, Inc. which produced an app that went into the Apple App Store in February 2010. The app quickly rose to 1st place in the Lifestyle section of the app store. In March, 2010, Steve Jobs called Kittlaus and started the dialogue that ended when Apple acquired Siri at the end of April 2010.