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Category: Investments / Funding

Robotics | IoT

Titan Medical, Teleflex partner on surgical robotics

Titan Medical Inc. said today that it inked a collaborative development deal with Teleflex Inc. to integrate its polymer ligation technology into Titan’s Sport single-port robotic surgical platform. Toronto-based Titan Medical said that Wayne, Penn.-based Teleflex’s polymer ligation system is intended for vessel sealing and includes an enhanced clip security feature that has been previously used…

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Avidbots raises $24M for commercial floor cleaning robots

Avidbots, a Kitchener, Ontario-based company that makes commercial floor cleaning robots, raised $23.6 million in Series B funding led by returning investor True Ventures. This latest round of funding raises Avidbots’ venture capital financing to a total of $36 million. Founded in 2014 by Pablo Molina and Faizan Sheikh, Avidbots’ first product, Neo, is an…

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Titan Medical closes $25M public offering for surgical robotics

Robotic surgical platform developer Titan Medical Inc. said today it closed a $25 million public offering. Titan Medical said that it floated approximately 7.4 million units in the offering at a price of $3.40 per unit. Each unit offered included a single common share of the Toronto-based company and a warrant for an additional common share…

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Think Surgical raises $134M for TSolution One robotics platform

Keynotes | Speakers | Exhibitors | Register Think Surgical has raised a funding round worth $134 million for its robot-assisted orthopedic surgery device. Based in Fremont, Calif., Think Surgical’s TSolution One is designed for knee and hip arthroplasties. The TSolution One is approved in the U.S. and Europe for total hip procedures; in December 2017…

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ARM announces fourth call for manufacturing robotics projects

Advanced Robotics for Manufacturing (ARM) last week issued a formal solicitation for a call for proposals for eight topic areas relative to advancing robotics technology for manufacturing. Pittsburgh-based ARM is the nation’s leading public-private collaborative in robotics and workforce innovation. It is part of the Manufacturing USA network and focuses on increasing U.S. global manufacturing competitiveness…

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Robotics investments February 2019

Robotics investments totaled at least $4.3 billion in February 2019 in a steep increase from January, which had about $1.4 billion. In addition, companies reported approximately $3.9 billion worth of acquisitions this past month. Any political or economic jitters have not yet harmed the mood for robot deals. The Robotic Industries Association noted yesterday that robot…

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Robotics cluster in Odense, Denmark, offers metrics for growth

What makes a robotics cluster successful? Proximity to university research and talent, government support of entrepreneurship, and a focus on industry end users are all important. Around the world, regions have proclaimed initiatives to become “the next Silicon Valley.” However, there have been relatively few metrics to describe robotics hubs — until now. This week,…

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Driverless investment tops $1.6B so far this month

After last week’s $582 million in funding for autonomous vehicle companies, you might think that driverless investment would coast for a while. However, this week saw more than $1 billion in support for developing self-driving cars and trucks. President’s Day is traditionally the time for car sales, but the automakers and big technology companies are…

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TuSimple gets heavy-duty funding for autonomous fleet

TuSimple, which is developing self-driving trucks, today said that it has raised $95 million in Series D funding. The San Diego startup has a valuation of $1 billion and plans to use the investment for further development and commercialization. Chinese media company Sina Corp. led the round, and Hong Kong-based Composite Capital participated. After its…

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Birth of a unicorn: Nuro gets $940M from SoftBank for driverless deliveries

  Nuro.ai, which is working on self-driving vehicles, said today that it has received $940 million from the SoftBank Vision Fund. This marks a major push in the ground delivery space and another move by SoftBank to take leadership in automation. Other investors in Mountain View, Calif.-based Nuro include Greylock Partners and Gaorong Capital. The…

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