News Commentary | October 29, 2019
Honeywell Robotics will work chiefly toward warehouse automation and build products around machine learning, computer vision, and advanced robotics. The products will integrate with Honeywell's warehouse management system (WMS) and leverage technology from startups like Soft Robotics, Fetch Robotics... Not part of subscription
News Commentary | January 23, 2020
The round comes from previous investors as well as new investor Fanuc, one of the world's largest industrial robot companies. Soft Robotics explained that its soft compliant grippers can be used in other industries outside of food, such as logistics and e‑commerce. One example the company gave was ... Not part of subscription
News Commentary | July 02, 2020
The startup announced it had raised $5 million in a funding round led by Valley Capital Partners and Morpheus Ventures. Unlike the plethora of bin‑picking robot startups that have emerged over the past couple of years, Rios targets manufacturing and assembly tasks, which are often difficult or ... To read more, click here.
by Josh Kern
The startup combines artificial intelligence, machine vision, gripping, and robotics into a full solution capable of picking, packing, and sorting individual items in warehouses. The new investment will be used to fuel international expansion and acquisitions. With an investment round about 10× higher than comparable startups' recent rounds, the company will have a good cash position to consolidate more cash-strapped robotics startups under its wing. This can be an effective approach for robotics startups in the warehouse space. OnRobot had a similar strategy, merging and acquiring multiple smaller robotic gripper startups, leading to a well-rounded product line of innovative grippers that can suit almost any application.
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