After the deal closes, Aurora will have raised another $1 billion from private investors involved in the SPAC.
Embark will get about $614 million in cash proceeds, which it said will fund the company through 2024.
Memic develops Hominis, the first FDA approved, robotically-assisted surgical device for transvaginal hysterectomies.
Bright Machines intends to go public this year though a merger with SCVX, a a special purpose acquisition company.
Calif.-based Plus is hopping on the SPAC train. The startup, which is developing self-driving truck technology, is being acquired by Hennessy Capital Investment Corp. V, a publicly-traded special purpose acquisition company (SPAC). If the deal is approved, the combined company will be valued at $3.3 billion and trade on the New York Stock Exchange under…
To ensure cables on industrial robots can be guided in motion safely, easily and compactly, igus developed the four-dimensional triflex TRX energy chain. The new design study replaces classic robot hose packages and retraction systems. igus said the system offers a 40% retraction length ensured by a unique telescopic mechanism inside the chain. This allows…
Vicarious Surgical will go public through a $1.1 billion special purpose acquisition company (SPAC) deal, the robotic surgery pioneer announced. Vicarious, which has sought to bring robotics and virtual reality to minimally invasive surgery, will trade on the New York Stock Exchange under the symbol RBOT after the merger with D8 Holdings. Hong Kong–based D8…
Sarcos announces that it will become publicly listed through a merger transaction with Rotor Acquisition Corp.
Berkshire Grey, a developer of integrated artificial intelligence and robotic solutions for e-commerce, retail replenishment, and logistics, is going public through a merger with special purpose acquisition company (SPAC) Revolution Acceleration Acquisition Corp (RAAC). The deal values the combined company at $2.7 billion. Berkshire Grey said it will have approximately $507 million in cash when…
Cruise co-founder, president and CTO Kyle Vogt weighed in on the LiDAR SPAC trend, saying the industry will eventually consolidate.
A SPAC offers startups quicker access to capital and greater liquidity, which can help drive innovation in advance of greater adoption.
The Compact Interior Painting Station enables automotive manufacturers to reduce the size of their vehicle interior painting stations by one third, while saving costs and making facilities more sustainable, said ABB.
Panagiotis Tsiotras, an IEEE Fellow and Georgia Tech professor, describes some of his research into improving autonomy on the ground and in space and why it’s an exciting time to be a robotics student.
Virginia Tech hailed the U.S. Department of Transportation’s BEYOND program, which is intended to foster stakeholder engagement in safely integrating aerial drones into the U.S. airspace for commercial uses.
Aeva has entered into an agreement with special purpose acquisition company InterPrivate Acquisition Corp. to scale up production of its 4D lidar sensor on a chip, which it said can benefit autonomous vehicles and robotics.
NASA’s Ingenuity Mars Helicopter recharged its batteries for the first time in space by using the Perseverance Rover’s power supply.
Welcome to episode 5 of The Robot Report Podcast, which brings conversations with robotics innovators straight to you. Join us every Wednesday for discussions with leading roboticists, innovative robotics companies, and other key members of the robotics community. Listeners can subscribe to The Robot Report Podcast on Apple Podcasts, SoundCloud, Spotify, Google Play and YouTube. Please…
MTM Robotics, which provides manufacturing automation and services, has been acquired by French aerospace giant Airbus.
Robotic furniture startup Bumblebee Spaces has joined Toyota AI Ventures portfolio of service robots along with its Series A funding.
MIT researchers have designed a flexible robot whose extendable appendage can work through tight spaces and still lift heavy loads.
Robotic assembly of large structures, made possible with swarms of relatively simple robots and construction materials organized like building blocks, could change how aircraft and buildings are constructed, said MIT researchers.
Russia’s Skybot F-850 robot highlighted the ambitions and shortcomings around humanoid robots in space and for other applications.