HowToRobot hopes to address industry needs by creating a global automation market platform and vendor-independent advisory firm.
Intuitive beats the Street in Q1, increases procedure volume forecast
Intuitive Surgical reported profits of $545 million, or $1.51 per diluted share.
Serve Robotics raises $40M with IPO to expand Uber Eats deliveries
Serve Robotics has begun trading on Nasdaq and plans to expand its deliveries with Uber Eats to more U.S. cities.
March 2024 robotics investments total $642M
March 2024 robotics funding was buoyed by significant investment into software and drone suppliers.
Cybernetix Ventures partners with the Pittsburgh Robotics Network
Partners Cybernetix and PRN aim to aid Pittsburgh’s robotics startups and bring the cluster’s investment opportunities to global markets.
Sanctuary AI enters strategic relationship with Magna to build embodied AI robots
Magna International’s relationship with Sanctuary is threefold: as an investor, a contract manufacturer, and an end user.
Walmart makes multiyear agreement with Fox Robotics, takes a stake
Walmart has taken a stake in Fox Robotics after the successful rollout of 19 FoxBot autonomous forklifts at a Florida distribution center.
Collaborative Robotics raises $100M in Series B for mysterious mobile manipulator
Collaborative Robotics has raised $100M to commercialize its cobot, starting with automating warehouse operations.
Kiwibot acquires AUTO to strengthen delivery robot security
Kiwibot and AUTO Mobility Solutions say their merger will advance data protection and robotic services globally.
Karl Storz enters talks to acquire surgical robot developer Asensus Surgical
The agreement enables Karl Storz to engage in diligence and negotiations over a potential acquisition of Asensus Surgical.
Top 10 robotics news stories of March 2024
From events like MODEX and GTC to new product launches, there was no shortage of robotics news to cover in March 2024.
Accenture invests in humanoid maker Sanctuary AI
Accenture said it sees “huge potential” for humanoids in post and parcel, manufacturing, retail, and logistics warehousing operations.
Viam brings in $45M to accelerate enterprise partnerships
Viam says the funding will enable it to accelerate partnerships, drive commercial innovation, and further develop its platform.
Titan Medical enters merger with Conavi Medical
The companies aim to combine in an all-stock transaction, focusing on commercializing Conavi’s Novasight Hybrid system.
LG Electronics invests $60M in service robot maker Bear Robotics
LG said its investment into Bear Robotics follows its roadmap for standardized service platforms and software-defined robotics.
RIOS Intelligent Machines raises Series B funding, starts rolling out Mission Control
RIOS has gotten investment from Yamaha and others to continue developing machine vision-driven robotics for manufacturers.
Cambrian Robotics obtains seed funding to provide vision for complex tasks
Cambrian will use the funding to continue its mission of giving industrial robots human-level capabilities for complex tasks.
Recycling automation startup Glacier brings in $7.7M
Glacier has also announced that it will be collaborating with Amazon to enhance traceability and recovery processes for recyclables.
Robotics companies raised $578M in January
The funding total was substantially lower than the trailing twelve-month average, but in line with January 2023’s figure of $523 million.
Robotics investment rebounds in February 2024, totaling $1.9B
February 2024 robotics investments rose, with 51 companies obtaining $1.9 billion, the most in almost a year.
Figure AI raises whopping $675M to commercialize humanoids
Figure AI has raised funding from Amazon, Microsoft, NVIDIA, Open AI, and others to accelerate humanoid development, AI training, manufacturing, and hiring.
RobCo raises $42.5M for automation for small, midsize manufacturers
RobCo develops flexible robotic hardware kits for various applications in SME manufacturing, including machine loading and palletizing.