The Department of Defense has awarded the 14th Manufacturing USA institute—the Advanced Robotics Manufacturing (ARM) Innovation Hub—to American Robotics Inc. The eighth DoD-led institute, the ARM Institute joins the Manufacturing USA network in its collective effort to help revitalize American manufacturing and incentivize companies to invest in new technology development in the United States. Headquartered […]
$250 million awarded to new Advanced Robotics Manufacturing Innovation Hub
Headquartered in Pittsburgh, PA, the new institute is made up of governments, industry, academia, and non-profit organizations from across the country. Combined they have contributed $173 million that will be fused with $80 million in federal funding. The new ARM institute, part of the Manufacturing USA network, is dedicated to help revitalize American manufacturing. The ARM Institute's mission is to…
Layoffs ahead for ReWalk Robotics
ReWalk Robotics (NSDQ:RWLK) is reportedly planning to cut its operating expenses by 30% in 2017, a move that’s slated to include layoffs for an unspecified number of workers. The Marlborough, Mass.- and Israel-based company said it aims to meet its goal partially via a “reduction in staffing.” ReWalk had 87 employees as of December 2015, according to…
2016 best year ever for funding robotics startup companies
It was a busy and abundant year for seed, crowd, series A,B,C,D and VC funding of robotics-related startups. 128 companies got funded, some multiple times. $1.95 billion, 50% more than 2015 which was also a phenomenal year with over $1.32 billion funded. UPDATED 1/30/17: Added $100 million in China-based RooBo, $50 million for Israeli Roboteam, $9.5 million for Matternet, $2…