On the podcast, we talk about the potential impact of the implosion of Silicon Valley Bank. Also this week: an interview with Rylan Hamilton, CEO and co-founder of 6 River Systems.
Plus One Robotics raises $50M Series C funding round
Plus One Robotics announced that it has raised $50M in Series C funding, bringing its total funding to date to almost $100M.
John Deere acquires SparkAI’s human-in-the-loop tech
John Deere uses SparkAI’s human-in-the-loop technology on its autonomous tractors to resolve edge cases in real time.
Robotics investments reach $521M in January
Investment in companies working on autonomous driving technologies was particularly strong.
Skydio flying high with $230M series E funding round
$230M in funding to expand U.S. manufacturing and hiring as demand rises for autonomous drones across public safety, defense, and infrastructure inspection.
Fulfil Solutions emerges from stealth with $60M in funding
Fulfil Solutions announced that it is emerging from stealth mode with $60 million in Series B financing for its grocery fulfillment system.
Alphabet closes Everyday Robots among layoffs
Everyday Robotics taught over a hundred wheeled, one-armed robots to clean cafeteria tables, separate trash from recycling and open doors.
CaPow Raises $7.5 Million Seed Round
CaPow’s autonomous, battery-free, high-power energy eco-system frees robots from harmful Lithium-Ion batteries. Without robot downtime for charging, the company’s method reduces CapEx, OpEx, and carbon footprint.
Third Wave Automation gets strategic investment from Zebra Technologies, Qualcomm
The latest investment brings Third Wave Automation’s total funding since it was founded in 2018 to $70 million.
LiDAR makers Ouster, Velodyne complete merger
The combined company has an intellectual property portfolio with 173 granted and 504 pending patents and a cash balance of over $315 million.
Vicarious Surgical cuts 14% of staff
The layoffs will reduce cash burn and boost R&D spending to get a quality robotic surgery system “out the door fast.”
Phantom AI brings in $36.5M
Phantom AI, based in Mountain View, California, aims to quickly democratize autonomous driving by advancing ADAS technologies.
What slowdown? – December 2022 robotics investments reach $1.14B
December 2022’s 55 robotics investments totaled US $1.14B, a 7.7% increase over December 2021’s funding total.
Symbotic brings in $206.3M in first public quarter
Symbotic posted revenue of $206.3 million, a net loss of $68.0 million and an adjusted EBITDA loss of $16.3 million for the first quarter of fiscal 2023.
Machina Labs receives investment from Lockheed Martin
Machina Labs plans to use the funding to accelerate company growth to meet customer demands, and expand research and development.
Teradyne’s robotics group brings in $404M in 2022
This is a $28 million increase from the $376 million it brought in during 2021. In 2022, UR brought in $326 million, while MiR brought in $77 million.
Scythe Robotics raises $42M to scale autonomous lawnmowers
Scythe Robotics said the funding will help it meet demand for the more than 7,500 reservations for its all-electric, fully autonomous M.52 mower.
Built Robotics acquires Roin Technologies to accelerate construction robotics roadmap
The staff from Roin Technologies joins the engineering team at Built Robotics to help accelerate the growth of construction robotics.
Cepton raises $100M for LiDAR sensors
Silicon Valley-based Cepton offers a range of LiDAR sensors, including the Vista-X family of automotive-grade LiDARs and Sora-X family of industrial-grade LiDARs.
Outrider brings in $73M for autonomous yard system
Outrider, a developer of autonomous yard operations for logistics hubs, announced that it raised $73 million in Series C financing.
United Robotics Group acquires mobile robot developer Robotnik
Valencia, Spain-based Robotnik has been developing mobile robots for 20-plus years.
Brightpick brings in $19M for US expansion
Brightpick plans to use the latest round of funding to further expand into the US.