ROBO Global has launched its third technology fund and index, THNQ, which closely follows companies developing and using artificial intelligence infrastructure.
Robotics investments recap: October 2019
The big winners in October 2019 robotics transactions were in transportation and healthcare, but agriculture, AI, and logistics were also well-represented.
Teradyne doubles down on mobile robots with AutoGuide
Teradyne built its business around automatic test equipment for electronics. This still accounts for 75% of the $2.1 billion revenue Teradyne made in 2018. This is a mature market that is unlikely to yield significant growth in the long-term future. As a result, Teradyne embarked on a series of acquisitions for key industrial robotics start-ups. With…
Teradyne acquiring AutoGuide Mobile Robots
Teradyne, which has already acquired Universal Robots, Mobile Industrial Robots, and Energid, added AutoGuide Mobile Robots to its lineup.
Robotics investments recap: July 2019
In July 2019, investments in robotics, autonomous vehicles, and drones increased, despite a decline in the number of transactions.
Universal Robots founder Esben Østergaard steps down
Esben Østergaard, the co-founder and chief technology officer of Universal Robots A/S, today announced on LinkedIn that he is stepping down. “Today is a very special day for me — it was the last day I was working at Universal Robots,” he began in a brief video. “It is a company I founded 14 years…
Teradyne acquires MiR for $272M, continues robotics spree
In a surprise but smart move, Teradyne (NYSE:TER), the American test solutions provider that acquired Universal Robots in 2015 and Energid Technologies earlier in 2018, acquired Danish MiR (Mobile Industrial Robots) for $148 million with an additional $124 million predicated on very achievable milestones between now and 2020. MiR was just returning from celebrating its 300%…
Teradyne acquires Energid engineering firm and developer of robot control
Quietly, and under the radar with not a single press release from either party, Teradyne (NYSE:TER), the company that acquired co-bot maker Universal Robots in 2015, acquired another robotic property, Energid, a Cambridge, MA-based integrator, engineering firm and developer of robot control, simulation and machine vision software. No financial details regarding the acquisition were disclosed. Energid’s…