The deal will enable Lotte to deploy Ocado automated storage and retrieval solution in Korea, to help automate fulfillment workflows for the company.
Ocado Group acquires robotics startup Myrmex for $11M
Myrmex acquisition could enable faster rollout of AFL across Ocado Group’s global CFC footprint, as well as open up new opportunities for the development of bespoke automation solutions for the Ocado Smart Platform.
AutoStore loses ASRS patent fight against Ocado
A U.S. ITC judge also rejected AutoStore’s request to ban Ocado, and its partners, from making and selling the products involved and from importing them into the U.S.
Ocado acquires Haddington Dynamics, Kindred for $287M
Ocado, a leading British online supermarket, has acquired two U.S.-based robotics companies for $287 million in hopes of making its warehouses more efficient. Ocado purchased San Francisco-based Kindred Systems, which specializes in robotic piece-picking, for about $262 million and Las Vegas-based Haddington Dynamics, a developer of low-cost robotic arms, for about $25 million. The acquisitions…
AutoStore sues Ocado over AS/RS development
AutoStore alleges its AS/RS system and robots are the foundation on which Ocado’s Smart Platform was built.
Ocado Technology (UK)
Oxbotica brings in $140M for AV software
Oxbotica aims to use the investment to drive expansion into new geographical markets and more quickly deploy its autonomy software.
Lyro Robotics brings in $1.5M for robotic produce packers
With the latest round of funding, Lyro Robotics plans to deliver around 20 autonomous robotic packers to agriculture clients.
MODEX 2022 Show Guide
Going to MODEX 2022? Our show guide is a filtered view to all of the important robotics product launches and highlights of the show as you plan your visit to the show floor.
Wayve closes $200M for learning-based autonomous driving
Instead of relying on a traditional autonomous driving stack, HD maps and hand-coded rules, Wayve said it is building a data-driven learned driver that can scale, adapt and generalise its driving intelligence to new places.
Exotec raises $335M to scale ASRS technology
Exotec, a French company founded in 2015, is now valued at $2 billion.
Top 10 robotics stories of December
China’s new five-year plan for robotics and Toronto banning sidewalk robots topped our coverage in December 2021.
MassRobotics and AWS Robotics join forces; New Savioke Relay+
Steve and Mike interview Fady Saad from MassRobotics and Eric Anderson from AWS about the new AWS Robotics Accelerator program
AutoStore revenue up 95% in Q3 to $84.7M
AutoStore’s Q3 revenue is up 95% from Q3 last year. So far this year, it’s brought in $234.4 million in revenue.
AutoStore stock surges during Oslo Stock Exchange IPO
This morning’s IPO valued AutoStore at $12.4 billion. This is Norway’s biggest IPO since 2001.
4 robot companies raise $531M; Interview with Photoneo CTO Tomas Kovacovsky
In this episode, Steve and Mike discuss the latest funding news and interview Photoneo CTO Tomas Kovacovsky.
Oxbotica, AppliedEV team up on autonomous vehicle platform
AppliedEV and Oxbotica combine their solutions to create a unique autonomous vehicle platform for a variety of applications.
stow Group acquires German startup Raiser Robotics
Raiser Robotics has developed and automated storage and retrieval system. Financial details of the acquisition were not disclosed.
ASRS wars: Attabotics sues Urbx for patent infringement
Both companies develop automated storage and retrieval systems (ASRS) and are pursuing the lucrative grocery automation market.
SoftBank takes 40% stake in AutoStore for $2.8B
AutoStore, a leading global robotics and software company, today announced that SoftBank has entered into a definitive agreement to acquire 40% of AutoStore from funds affiliated with Thomas H. Lee Partners, L.P. (“THL”) and EQT Private Equity (“EQT”), among other shareholders. THL will continue to be AutoStore’s majority shareholder and THL, SoftBank and EQT will…
Robotics investments recap: November 2020
While investment in robotics and automation continued apace in November 2020, the total amount was about half of what it was in the same month a year ago.
Caja Robotics raises $12M for goods-to-person robots
Israeli startup Caja Robotics today raised $12 million in Series B funding for its goods-to-person (G2P) automation system. Founded in 2014, Caja Robotics has now raised $26 million to date. The funding will help Caja Robotics expand its operations worldwide, as well as improve its manufacturing and deployment processes. The round was led by New Era…