The ARM Institute has funding from the Defense Department to continue its robotics and workforce development programs for another five years.
The ARM Institute’s project calls provide funding for projects that bridge the gap between technology and the needs of the robotics industry.
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 company plans to use the funding to keep up with the rapid growth in demand it’s seen in the AMR market.
ForwardX plans to use the new capital to accelerate its research and development timeline, increase its deployment capabilities in key markets.
Funding will be used to mainly to research robotics, expand the product line, explore new usage scenarios and expand their domestic and international market channels.