Financial

The company is finding success with use cases autonomously disinfecting airport terminals and schools through aerosol dispersal.

The company plans to use the influx of cash to invest in marketing and support expansion to new markets, while continuing development of the product line.

The Robot Report tracked 58 robotics investments in December 2021 that totaled at least $1.2 billion. China and the U.S. led the way.

Magna International, a Canadian developer of car mobility technology, is adding more than 120 Optimus Ride employees to its team.

Wind River’s software is used on more than two billion edge devices across the globe. Wind River generated approximately $400 million in revenue in 2021.

In a study, SIERA.AI found that every year U.S. companies spend over $30 billion on forklift accidents that result in almost 100 deaths.

The details of the deal were not disclosed. The companies will operate under the name Hy-Tek Material Handlings.

The funding will be used to expand its extensions API, add support for more robotics frameworks and launch features in its Data Platform.

Blue Ocean currently has three mobile robot brands in its portfolio, but the company is currently developing four new types of service robots.

Doosan Robotics, a South Korea-based developer of collaborative robotic arms, also plans to pursue an IPO.

Labrador Systems’ Retriever and Caddie robots can autonomously navigate a home carrying payloads up to 25 lbs.

White Rhino’s Level 4 vehicles are similar to Nuro’s R2. White Rhino has remote operators onhand to get its vehicles out of tricky situations.

The company plans to use the funding to keep up with the rapid growth in demand it’s seen in the AMR market.

In 2021, we covered over fifty acquisitions worth billions of dollars. Here are 10 acquisition stories that stood out to us.

Four companies developing autonomous vehicles for various uses have made big announcements relating to their business in China this week.

The funding comes from strategic partner LITEON Technologies, Alltak, PalPilot, Sand Hill Angels and Gaingels.

India-based company is developing an autonomous mobile robot for wall-finishing tasks.

Formerly known as Houston Mechatronics, Nauticus is developing surface and underwater robots that perform a variety of ocean tasks, including transportation, data collection, equipment maintenance and more.

The funding was led by Tiger Global, and included participation from previous investors like Threshold Ventures, Riot VC and Toyota Ventures.

The terms of the deal were not disclosed. According to WeRide, the companies plan to build a fleet of tens of thousands of robotaxis.

The Robot Report tracked 39 robotics investments that totaled at least $1.14 billion in funding in October. There was one merger and acquisition for an undisclosed amount.

ForwardX plans to use the new capital to accelerate its research and development timeline, increase its deployment capabilities in key markets.