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Qualifying ‘Essential’ News
Each week the editors of Robotics Business Review (RBR) select those announcements judged to be the most important and impactful to the readers of RBR. Below are the selections for the interval ranging from March 19th – 26th, 2021.
Companies referenced include include notices from Cruise, Ocado Group, Oxbotica, Canvas, Multiply Labs, Pickle Robot, Gaussian Robot, and Memic Innovative Surgery.
Walmart and a number of institutional investors have joined a previously announced January 2021 funding round for Cruise (USA), contributing approximately US $750 million, bringing the total capital raised to $2.75 billion. Cruise representatives noted that the company is now valued at approximately US $30 billion.
Online grocery platform provider Ocado Group (UK) announced an investment of US $13,840 (£10 million) in autonomy software platform provider Oxbotica (UK) as part of an ongoing collaboration on autonomous vehicle technologies. The funding round came as part of a Series B equity funding round, and was led by bp ventures, with support from Tencent, Halma, BGF, HostPlus, IP Group, and Venture Science. AS part of the collaboration, Ocado will outfit some of its delivery vans and warehouse vehicles with sesnors and will make captured data available to Oxbotica to train and test its are Selenium and Caesium autonomy technologies.
San Francisco based Canvas, a developer of robotic construction solutions, announced that it has raised US $24 million is Series B funding. The round was led by Menlo Ventures. Also contributing to the round was Suffolk Construction, Alumni Ventures Group, Innovation Endeavors, Brick & Mortar Ventures, Obvious Ventures, and Grit Labs. Canvas representatives have indicated the funds will be used for further development of the company’s robotic drywall finishing systems.
Multiply Labs (USA), a start-up developing cloud-controlled robotics solutions that provide autonomous manufacturing services to the pharmaceutical industry, announced the company has received US $20 million in Series A funding. The round was led by Casdin Capital, with participation from Lux Capital, Pathfinder, Founders Fund, Fifty Years and Garage Capital. The company has said that the funding round would be used to increase production capacity.
Pickle Robot (United States) has raised US $5.75 million in Seed round funding for further development and commercialization of the company’s Dill trailer-unloading robot. The round was led by Hyperplane, with contributions from Third Kind Venture Capital, Box Group and Version One Ventures, among others. According to company officials, the trailer unloading system is expected to be commercially availability in early 2022.
Gaussian Robotics (China), a provider of autonomous cleaning robots, received a US $100 million Series B funding round led by Longfor Group. Also participating in the Series B round were Meituan and Tencent.
Memic Innovative Surgery (Israel), the developer of the Hominis robotic-assisted surgical system, received US $96 million in Series D funding. Investors included Peregrine Ventures, Ceros, OurCrowd and Accelmed. Memic representatives have announced that the new rounding of funding will be used to increase sales and marketing efforts following De Novo marketing authorization from the U.S. Food and Drug Administration (FDA) in February 2021.
- RBR Essential Robotics Announcements – March 19 – 26, 2021
- RBR Essential Robotics Announcements – March 5 – 12, 2021
- Essential Robotics Announcements – January 8th – 14th, 2021
- Essential Robotics Announcements – January 1st – 7th, 2021
- Essential Robotics Announcements – December 25th – 31st, 2020
- Essential Robotics Announcements – December 18 – 24th, 2020
- Essential Robotics Announcements – December 11-17th, 2020