Addverb will continue to operate independently, and the deal makes Reliance the largest shareholder in the company.
Wayve closes $200M for learning-based autonomous driving
Instead of relying on a traditional autonomous driving stack, HD maps and hand-coded rules, Wayve said it is building a data-driven learned driver that can scale, adapt and generalise its driving intelligence to new places.
Exotec raises $335M to scale ASRS technology
Exotec, a French company founded in 2015, is now valued at $2 billion.
Build With Robots closes Series A funding of $5M
The company is finding success with use cases autonomously disinfecting airport terminals and schools through aerosol dispersal.
SESTO closes Series A+ funding round of $5.7M
The company plans to use the influx of cash to invest in marketing and support expansion to new markets, while continuing development of the product line.
December 2021 robotics investments and acquisitions
The Robot Report tracked 58 robotics investments in December 2021 that totaled at least $1.2 billion. China and the U.S. led the way.
Autonomous vehicle startup Optimus Ride acquired by Magna
Magna International, a Canadian developer of car mobility technology, is adding more than 120 Optimus Ride employees to its team.
Aptiv acquiring Wind River for $4.3B
Wind River’s software is used on more than two billion edge devices across the globe. Wind River generated approximately $400 million in revenue in 2021.
SIERA.AI brings in $6.8 million in seed funding
In a study, SIERA.AI found that every year U.S. companies spend over $30 billion on forklift accidents that result in almost 100 deaths.
Hy-Tek Holdings acquires Advanced Handling Systems
The details of the deal were not disclosed. The companies will operate under the name Hy-Tek Material Handlings.
Foxglove announced $3.7 million in seed funding
The funding will be used to expand its extensions API, add support for more robotics frameworks and launch features in its Data Platform.
Blue Ocean Robotics raises $51 million for mobile robots
Blue Ocean currently has three mobile robot brands in its portfolio, but the company is currently developing four new types of service robots.
Doosan Robotics raises $33.7M to scale cobots
Doosan Robotics, a South Korea-based developer of collaborative robotic arms, also plans to pursue an IPO.
Labrador Systems building AMRs for home assistance
Labrador Systems’ Retriever and Caddie robots can autonomously navigate a home carrying payloads up to 25 lbs.
White Rhino raises $7M for delivery robots
White Rhino’s Level 4 vehicles are similar to Nuro’s R2. White Rhino has remote operators onhand to get its vehicles out of tricky situations.
Youibot raises $47M for AMRs
The company plans to use the funding to keep up with the rapid growth in demand it’s seen in the AMR market.
10 notable acquisitions in 2021
In 2021, we covered over fifty acquisitions worth billions of dollars. Here are 10 acquisition stories that stood out to us.
China autonomous vehicle roundup
Four companies developing autonomous vehicles for various uses have made big announcements relating to their business in China this week.
Kneron raises $25 million to develop smart city technology
The funding comes from strategic partner LITEON Technologies, Alltak, PalPilot, Sand Hill Angels and Gaingels.
Pace Robotics raises seed funding
India-based company is developing an autonomous mobile robot for wall-finishing tasks.
Nauticus Robotics taking ocean robots public via SPAC
Formerly known as Houston Mechatronics, Nauticus is developing surface and underwater robots that perform a variety of ocean tasks, including transportation, data collection, equipment maintenance and more.
Elementary brings in $30 million in Series B funding
The funding was led by Tiger Global, and included participation from previous investors like Threshold Ventures, Riot VC and Toyota Ventures.