Porto, Portugal
+351 960 245 977
fbnsantos@fbnsantos.com

Category: Finance

Robotics | IoT

Furhat Robotics raises $2.5 million in investments

Furhat Robotics, a company working to combine conversational artificial intelligence with robotics technology to develop social robots, secured $2.5 million in seed funding from venture capital investors Balderton Capital and LocalGlobe. “This funding will provide us with the muscle to bring Furhat to a new level and engage in substantial commercial partnerships with industry leaders…

The post Furhat Robotics raises $2.5 million in investments appeared first on The Robot Report.

iRobot shares slip SharkNinja’s market entry

Shares iRobot (NSDQ:IRBT), which makes the Roomba robotic vacuum, slid nearly -4% yesterday after a competing product hit the shelves. After the introduction of the Shark Ion Robot, created by household appliance company SharkNinja, iRobot closed down -15.7% at $85.08 apiece Sept. 12 and dropped a further -3.8% to close yesterday at $81.85 per share.…

The post iRobot shares slip SharkNinja’s market entry appeared first on The Robot Report.

Reactive Robotics receives second round funding

Munich-based company Reactive Robotics GmbH secured a second seven-digit funding round to continue its work in rehabilitation robotics development. Investors included new lead investor Dr. Doll Holding GmbH and existing investors MTIP MedTech Innovation Partners AG, High-Tech Gründerfonds, Bayern Kapital and TQ-Group. Reactive Robotics intends to use the funds to further market entry in Germany…

The post Reactive Robotics receives second round funding appeared first on The Robot Report.

Investors merge firms, raise fund to support AI

Investors Jennifer Gill Roberts and Kelly Coyne are merging their respective companies, seed-stage investment firm Grit Labs and go-to-market firm Pitch, under the name Grit Labs to invest in and guide companies performing research in artificial intelligence and robotics. They have also created a $30 million fund to focus on B2B robotics powered by AI…

The post Investors merge firms, raise fund to support AI appeared first on The Robot Report.

Polar Capital to launch AI, automation fund

Polar Capital said it plans to launch an automation and artificial intelligence fund to support companies worldwide working in industrial automation, AI, robotics and advanced materials. “Technology is changing the world we live in and the pace of disruption is accelerating – knowledge of technology is becoming critical for all investors,” CEO Gavin Rochussen said…

The post Polar Capital to launch AI, automation fund appeared first on The Robot Report.

California lawmaker pushes robot tax

A California lawmaker wants to use a tax to reduce the possible consequences of robots sucking up jobs as automation becomes more widespread. San Francisco city supervisor Jane Kim launched a campaign in August called Jobs of the Future Fund to study how a statewide tax, essentially an income tax, on robots that displace employees…

The post California lawmaker pushes robot tax appeared first on The Robot Report.

Startup Blue River Technology sells to Deere for $305 million

Blue River Technology has been acquired by John Deere* for $305 million. The acquisition of the Silicon Valley artificial intelligence and farm equipment making startup by farming’s largest equipment manufacturer (Deere), is a great success story with a bit of a twist. The Story Two Stanford graduate students, Jorge Heraud (the former head of precision agriculture…

The post Startup Blue River Technology sells to Deere for $305 million appeared first on The Robot Report.

ROBO, the first Robotics and Automation ETF, hits $1 billion in AUM

surpassed $1 billion in assets under management (AUM) less than 4 years from launch. The Exchange Traded Fund (ETF) tracks the ROBO Global Robotics & Automation Index, which is the brainchild of a team deeply entrenched in the robotics industry. The Index and subsequent ETF offer investors access to the entire value chain of robotics,…

The post ROBO, the first Robotics and Automation ETF, hits $1 billion in AUM appeared first on The Robot Report.

Be on the Winning Side of Disruption: SU Global Summit San Francisco

There’s never been a better opportunity to see the future first-hand. Join the most innovative minds in business and technology, along with Singularity University faculty and alumni at the first-ever SU Global Summit, August 28-30, in San Francisco. The future is incredibly hard to predict, but not for the reasons we normally think. The truth is, not only are new technologies advancing quickly, but how they’re converging and influencing one another kicks the pace up another… read more

How Can Crowdfunding Help You Fulfill Your Dreams

Do you have a dream?
 
You probably do. Everyone has dreams, but most of them remain forever unfulfilled.
  Why are there so many unfulfilled dreams?
 
Dreams are expensive. Most of the time, a dream needs serious financial … Read…