Tuesday, January 17, 2017

2017 Archives

$250 million awarded to new Advanced Robotics Manufacturing Innovation Hub

Posted on 01/17/17 by Frank Tobe

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.

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Travel Planning: 2017 Robotics Events Calendar

Posted on 01/16/17 by Frank Tobe

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:

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Parrot struggling, Lily fails and Google closes Titan Project as drone industry disunites

Posted on 01/12/17 by Frank Tobe

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.

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Rethink Robotics raises another $18 million

Posted on 01/12/17 by Frank Tobe

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. 

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21 research reports forecast double-digit growth for robotics

Posted on 01/09/17 by Frank Tobe

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.

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$18.867 billion paid to acquire 50 robotics companies in 2016

Posted on 01/05/17 by Frank Tobe

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!

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2016 best year ever for funding robotics startup companies

Posted on 01/02/17 by Frank Tobe

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.

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