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Category: startups

Robotics | IoT

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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Nord Modules builds modular systems with customer feedback, exec experience

Mobile robots have proliferated in factories and warehouses, and a key component is how they interface with production lines, conveyor belts, or human workers. Nord Modules last week announced its entry into the U.S. market with flexible systems that work with Mobile Industrial Robots’ MiR line of autonomous mobile robots. Such modular loading and lifting…

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Teamwork, mentoring keys to success, say 2019 Engelberger Robotics Award winners

This week, the Robotic Industries Association named this year’s recipients of the Engelberger Robotics Awards. The prestigious awards recognize people who have contributed to the advancement of automation for the benefit of humanity. They will be presented at a special dinner at Automate 2019. Howie Choset will receive the award for education. As a professor,…

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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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Toyota Mobility Unlimited Challenge finalists vie for $1M to aid people with disabilities

Ride-hailing services, electric vehicles, delivery robots, and self-driving cars and trucks are changing transportation at the fastest pace in decades. Toyota Motor Corp. has been a leader among automakers in expanding its focus to personal mobility. The Toyota Mobility Unlimited Challenge is a three-year, $4 million competition for improving mobility for people with disabilities. At…

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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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How a Chinese slowdown could help — or hurt — robotics

China is the most attractive market in the world for robotics suppliers, with a relatively low robot density, lots of manufacturing, and fewer regulations than in other countries. At the same time, there are plenty of things to discourage business, from worries about trade disputes and intellectual property to the recent Chinese slowdown. How should…

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Aurora raises $530M Series B as Amazon joins self-driving car race

Self-driving startup Aurora Innovation Inc. today said it had raised $530 million in a Series B round led by Sequoia Capital. The most noteworthy investor is Amazon.com Inc. Other participants included Lightspeed Venture Partners, Geodesic, Shell Ventures, and Reinvent Capital, as well as previous investors Greylock and Index Ventures. Funds advised by T. Rowe Price…

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VCs like Ike, fueling self-driving truck startup with $52M

A company named Ike has raised $52 million in Series A funding. The San Francisco-based startup is developing autonomous trucks with the goal of increasing safety, creating a commercial offering at scale, and helping improve the livelihoods of human drivers. Bain Capital Ventures led the round, with participation from Redpoint Ventures, Fontinalis Partners, Basis Set…

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