Titan Medical announced today that it plans to review and evaluate strategic alternatives to unlock shareholder value.
Verdant Robotics cultivates $46.5M in Series A funding
Verdant Robotics’ Series A raised $46.5 million. The money will speed up the company’s robotic farm manufacturing and market launch.
Locus Robotics raises $117M for autonomous mobile robots
Locus Robotics has now raised $422 million since it was founded in 2014.
Bionaut Labs raises $43M for drug delivery robots
Through magnetic propulsion, the company’s Bionauts can navigate the human body and deliver drugs locally.
Attabotics brings in $71.7M in Series C funding
Attabotics announced that it brought in $71.7 million in Series C-1 funding. The latest round brings its total funding to $165.1 million.
Soft Robotics picks up $26M
Soft Robotics brought in $26 million in the first closing of its Series C funding round to expand commercial deployment of its mGripAI.
ISEE’s yard automation solution brings in $40M
ISEE, the Cambridge, Mass.-based developer of self-driving yard truck solutions, announced that it raised $40 million in Series B funding.
Denmark launches Odense Robotics StartUp Fund
The funding will be invested directly into at least 30 startups over the next six years.
Pickle Robot’s unloading robots bring in $26M
Pickle Robot Company announced that it closed a $26 million Series A funding round and it has live pilot implementations in the LA area.
LiDAR maker AEye brings in $768K, loses $23M in Q3
AEye brought in $768,000 in revenue in the third quarter of 2022 and reported a GAAP loss of $23.6 million.
Titan Medical seeks share consolidation to retain public listing
Surgical robotics company described share consolidation as the last option to regain compliance with Nasdaq’s $1 per share minimum bid price requirement and retain its listing.
MOV.AI brings in $8.2M for its AMR platform
MOV.AI, which offers a robotics platform to develop AMRs and AGVs, brought in $8.2 million in funding.
LiDAR companies Ouster, Velodyne to merge
Ouster and Velodyne predict the combined company will save at least $75 million in operating costs within the first 9 months of the transaction’s close.
Galen Robotics brings in $15 million in oversubscribed round
Galen Robotics is a surgical robotics company looking to erase the large capital expenditures end-users face when considering surgical robotics.
AMP Robotics’ recycling robots bring in $91M
AMP Robotics, a company creating robots that can organize recycling, brought in $91 million in corporate equity in a Series C funding round.
Bright Machines brings in $132M for its Microfactories
Bright Machines raised $132 million in debt and Series B equity funding, bringing the company’s total funding to $330 million.
Fortna, MHS Global will now be known as FORTNA
The April 2022 merger of MHS Global and Fortna resulted in a single company that will now be known as FORTNA.
Fox Robotics closes $20M funding round
Fox Robotics intends to use the new funds to ramp up production, invest in talent, and expand globally.
Teradyne’s robotics group makes $89M in Q3
Teradyne’s industrial automation group saw a 2% decrease in revenue in Q3 2022 compared to the same time period last year.
Ambi Robotics raises $32M for sorting robots
Ambi is enabling warehouses to pull items from bulk inventory by using vision to guide robotic arms to grasp and then sort items.
Foxglove brings in $15M, updates 3D panel
Foxglove, a company creating flexible, user-extensible developer tools, announced that it brought in $15 million in Series A funding.
LiDAR maker Ibeo files for insolvency
Ibeo Automotive Systems GmbH, a global provider of LiDAR sensors, has filed for insolvency.