Source – https://www.analyticsinsight.net/
Robotic technology will shape the world for better efficiency.
The Robotic Industry is changing the landscape of work in the modern era. Right from automation in every industry to autonomous surgeries in healthcare, robotics is now becoming capable of handling intricate responsibilities and repetitive tasks and perform them without errors. This is one of the reasons, industries are increasing their dependency on robotics. While this indicates the future of the industry, many organizations and startups are leveraging this demand to create innovative solutions.
Here are the robotic companies that received funding in the month of July to carry on their work and research.
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1. Realtime Robotics
Realtime Robotics is an autonomous industrial robotics company. The company offers real-time, collision-free motion planning that enables users to leverage robotic control technology to navigate applications. With just minimal programming, users can control the functioning of robots across multiple deployments. Realtime Robotics raised US$31.4 million in its Series A round. The funding was led by HAHN Automation for the purpose of improving robotic capabilities.
2. Verve Motion
Verve Motion pioneers connected wearable technology for the industrial sector. It accompanies robotics into functional apparel and boosts worker safety and wellbeing with their technology. The company recently announced that it has raised US$15 million in Series A funding which was led by Construct Capital along with Founder Collective, Pillar VC, Safar Partners, OUP, and other angel investors.
3. Seoul Robotics
Seoul Robotics is a 3D computer vision company that innovates intelligent robotic perception systems using artificial intelligence and machine learning. The company’s first commercial model, Discovery, made its debut in the US market, earlier this year. It is an all-in-one sensor and software platform that expands access, reduces costs, and simplifies the implementation of LiDAR-powered solutions in several applications for smart cities, smart, factories, and logistic mobility. Seoul Robotics was selected as an Innovative Icon startup for all its efforts and received a US$12 million investment from the Korean Government.
4. Fetch Robotics
Not so much of an investment, but a business firm, Zebra Technologies is planning to acquire Fetch Robotics, a cloud-driven autonomous mobile robot startup. This acquisition aims to boost Zebra Technologies Enterprise Asset Intelligence vision and growth in industrial automation. This will align with Zebra Technology’s focus on robotics and change the infrastructure of the industry with seamless integration.