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.
2017 offers a variety of informative robotic events. Some take extra time to get visas, tickets and coordinate with friends and associates. Here are the main upcoming robotics-related events:
Entertainment, camera, moon-shot and military drones are all becomming more distinct as the drone industry gets commoditized. Prices are dropping even as impressive new features are added. It's a difficult time for drone makers.
Rethink Robotics, the Boston-based maker of the Baxter and Sawyer robots founded by iRobot co-founder Rodney Brooks, raised an additional $18 million in an unfinished $33 million Series E round led by private equity firm Adveq.
After reading all the press releases for this batch of 21 research reports, one can see that although they vary widely in their forecasts they almost all agree that the robotics market is expected to grow at a double digit pace through 2022.
2016 was a banner year for acquisitions of companies involved in robotics and automation: 50 sold; 11 for amounts over $500 million; five were over a billion. 30 of the 50 companies disclosed transaction amounts which totaled up to a colossal $18.867 billion!
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.
Ten robotics-related companies got funded in December for a combined total of $94 million; down from $225 million in November. Four more got acquired. Over $2 billion was involved. No companies went public.
At RoboUniverse in San Diego in December, agricultural robots and the labor shortage were quickly identified as the biggest issues facing the industry today. Water scarcity and field health were other key issues mentioned, but it’s labor that keeps farmers up at night and robotics that could come to their rescue.
For all of us who participated in the Jibo IndieGoGo crowdfunding and are anxiously awaiting delivery - which has been delayed again - this Chinese knock-off came as quite a surprise.
Advanced Integration Technology (AIT) will acquire KUKA Systems Aerospace North America (KUKA Aero), in a carve-out transaction to comply with U.S. regulators who objected to KUKA's sale to Chinese consumer products manufacturer Midea.
It's been a big year for acquisitions of companies involved in robotics and automation: 48 have sold thus far in 2016. Eight involved amounts over $500 million and five were over a billion; KUKA's acquisition by Chinese consumer products giant Midea was the biggest at $5.11 billion.
A recent article in The Washington Post by Morgan Stanley strategist and author of "The Rise and Fall of Nations" Ruchir Sharma, provides a nuanced overview of the issues of jobs, robots, productivity and income disparity.
In a move consistent with many other recent acquisitions of stars within the robotics industry, Liquid Robotics announced that they sold their company to Boeing's Autonomous Systems for Defense, Space & Security division.
The Beijing World Robot Conference (WRC), sponsored by Beijing City, the Ministry of Industry and Information Technology, and the China Association of Science and Technology, was held October 21-25. It was big, long, ran over a weekend, and gave a run-down of the breath of China's fast-emerging robotics industry.
Intel is establishing an autonomous driving division; hacker George Hotz is open-sourcing his self-driving software in a bid to become a network company; LiDAR and distancing devices are changing. What's it all mean?
Seventeen robotics-related companies got funded for a combined total of over $225 million. Four more got acquired. Three went public to raise funds. And one failed.
To meet rising food demands from a growing global population, over 250 million acres of arable land will be needed – about 20% more land than all of Brazil.
In President-elect Trump's interview with the NY Times yesterday, when discussing jobs, closed factories and factories that may leave the country, he was asked: "Are you worried that those companies will keep their factories here, but the jobs will be replaced by robots?
In the last six years, (2010–2015), according to the IFR (International Federation of Robotics), US industry has installed around 135,000 new industrial robots. The principal driver is automation in the car industry. During this same period, (2010–2015), the number of employees in the automotive sector increased by 230,000.