Misty Robotics Raises $11.5 Million To Put Robots In Every Home
Alex Knapp for Forbes: Misty wants to build robots like R2-D2 or Rosie from The Jetsons - useful companions with personality.
Drones, autonomous vehicles on Echodyne's radar as it pulls in $29M from investors
Matt Day for Seattle Times: Echodynes radar arrays are designed to bring some of the power and precision of massive, heavy, military-grade radars to a tablet-sized device.
A Robotics ETF Tries to Find its Way
Brenton Garen for ETF Trends: This year has seen another crowded field of new exchange traded funds come to market and within that group are plenty of niche funds, indicating that ETF issuers continue to slice and dice investment ideas into increasingly fine fund packages.
The Global X Robotics & Artificial Intelligence Thematic ETF (NasdaqGM: BOTZ) is one of those niche funds. BOTZ provides exposure to companies involved in the adoption and utilization of robotics and artificial intelligence (AI), including those involved with industrial manufacturing, medicine, autonomous vehicles, and other applications.
BOTZ follows the Indxx Global Robotics & Artificial Intelligence Thematic Index. The ETF, which debuted in September with the Global X FinTech Thematic ETF (NasdaqGM: FINX) and the Global X Internet of Things Thematic ETF (NasdaqGM: SNSR), holds 28 stocks with an average market cap of $8.8 billion, putting the ETF in mid-cap territory. Cont'd...
Innovators offered chance to develop their ideas with world leading robotics manufacturer ABB Robotics
Full Press Release: The IdeaHub, is once again recruiting robotics and software innovators worldwide to take on the challenge of improving the way we work and interact with the next generation of industrial robots. Working on behalf of ABB Robotics, IdeaHub will help successful applicants pitch their ideas and secure uniquely tailored support packages to maximise their venture's commercial potential, including investment, mentoring and access to cutting edge hardware.
The IdeaHub is a cross sector, open innovation platform that connects visionaries worldwide with funding and support from global corporations. In 2015 they ran their first programme for ABB Robotics, attracting over 130 applicants with 12 finalists selected for a pitch day in London, with 6 entrepreneurs receiving an offer of support. For 2016 they are partnering with ABB Robotics once again to bring more solutions to solve three core challenges in the world collaborative industrial robotics:
1.) Simplicity: How to simplify robotics
2.) Intelligence: How to enable robots to learn and apply that learning
3.) Digitalization: How smart
connectivity will enhance digital factories.
Early-Stage VC Becomes Most Aggressive Investor in Robotics and Machine Learning Space
Comet Labs Closes 10 Investments within Six Months
Dmitry Grishin Doubles Down on Robotics With New $100 Million Fund
Erico Guizzo for IEEE Spectrum: Nearly four years ago, Dmitry Grishin launched a US $25 million fund to invest exclusively in consumer robots. Grishin, the co-founder, chairman, and CEO of Mail.ru, the Russian Internet giant, believed that robotics was going to be one of the next big technology revolutions, and he was willing to put his money where his mouth was.
Now the Russian investor is ready to double down on his vision. Or actuallydouble double down. Grishin Robotics has recently announced a second fund four times as large as the original one. The new $100 million fund will seek Series A and B deals and expand its focus to include startups in markets like connected devices, collaborative and material-handling robots, AI and data analytics, and industrial Internet of Things. Cont'd...
Carbon3D Closes $100 Million Series C Investment Led by Google Ventures
"Carbon3Ds printing technology is an order of magnitude faster than existing technologies"
Robotics firm GreyOrange raises $30 million, to expand overseas
GreyOrange, a robotics firm that is in the business of automating warehouses, has raised $30 million (Rs 191.6 crore) in a round led by Tiger Global Management, with participation from existing investors Blume Ventures.
The funding, which the company says is one of the largest for robotics company globally, will be used to invest in developing new products, expand internationally into Asia Pacific, Middle East and Europe. The company says it has a 90% market share of India's warehouse automation market and it powers over 180,000 square feet of warehouse.
"We are doubling our team size globally as we steer the company and our products beyond India and into international markets," said co-founder and CEO Samay Kohli, who founded the company with Akash Gupta in 2011.
The company has two products: The Sorter and the Butler. The former is a high-speed system that consolidates orders and routes parcels. By Diwali, the company will have installed sortation capacity of 3 million parcels per day.
The second product, the Butler, is an order-picking system that is tailored for high-volume, high-mix orders characteristic of e-commerce and omni-channel logistics fulfilment. Cont'd..
iRobot receives $9.8 million order for Small Unmanned Ground Vehicles (SUGV)
iRobot has delivered more than 5,000 of its defense and security robots to military and civil defense forces worldwide.
SoftBank Launches 'SoftBank Innovation Program'
Program seeks innovative solutions and technologies to be jointly commercialized
Indiegogo - Contribute and Grab the World's First Portable 3D Printer: Freaks3D
Now anyone can fulfill the dream of printing their desired 3D objects with the help of world's first portable 3D printer by ElecFreaks Tech, called Freaks3D.
Fastbrick Robotics' bricklaying machine builds investor interest
Tim Boreham for The Australian: According to Fastbrick Robotics chief Mike Pivac, the art of bricklaying hasn’t changed much in the past 5000 years. For brickies’ labourers in particular, it remains an unsafe and back-breaking game of messy mortar-mixing and lugging hods at height or over uneven surfaces.
Backed with seed funding from the publicly listed Brickworks, Mr Pivac and his cousin Mark have devised a robotic bricklaying machine to eliminate the drudge work. About the size of a garbage truck, the prototype Hadrian 105 unit can erect an average house in one to two days, within an accuracy of half a millimetre. That’s far more accurate than the brickies’ time-honoured string and spirit level method.
Led by Cygnet Capital, the Pivacs have been on an investor roadshow ahead of a $3 million raising and reverse IPO, via the shell of former winery owner DMY Capital. Interest has been enormous, with inquiries from as far afield as Saudi Arabia and Russia. “We had 500,000 hits on our website in just over five days,’’ Mr Pivac says. “We have had interest from 35 countries, including some outstanding big organisations.’’ Cygnet Capital director of corporate finance Darien Jagger says no other IPO has attracted as much interest. “We have fielded thousands of emails from all sorts of parties.’’ The Hadrian unit has already demonstrated end-to-end construction, without the need for human intervention.
The innovation lies not with the robotic arms, but the laser-guided system that allows the bricks to be placed accurately. “If you put this machine on a rocking boat it would lay a house on the shore correctly to an inch or two,’’ Mr Pivac said. Cont'd...
3D Printing and Technology Fund Changes Name to 3D Printing, Robotics and Technology Fund
3D Printing, Robotics and Technology Fund is available for purchase via online brokerages Schwab, Vanguard and Scottrade, as well as directly through the Funds website, http://www.3dpfund.com.
ROBO-STOX Strategic Advisory Board Member to Receive Prestigious Robotics Award
ROBO-STOX Strategic Advisory Board member Raffaello DAndrea selected as the recipient of the 2016 IEEE Robotics and Automation Award for his outstanding contributions to the field.
3D Printing and Technology Fund Adds Robotics to the Mix
BY BRIAN KRASSENSTEIN for 3DPrint.com: There are several ways one can diversify their holdings within any market. An investor could simply research which firms are out there within a particular industry, like the 3D printing industry, and invest small amounts into each by purchasing shares. The easiest way, however, would be to find a fund that’s going to do all the work for you, managed by someone who likely has more experience in the market than you do. There is currently only one main fund which concentrates their efforts primarily on the 3D printing space, the 3D Printing and Technology Fund (TDPNX), managed by CEO Alan M. Meckler, and his son John M. Meckler.
While the fund is currently down approximately 13% YTD, it has outperformed the two largest pure play 3D printing stocks, 3D Systems (NYSE:DDD) and Stratasys (NASDAQ:SSYS), significantly. 3D Systems is down over 44% on the year, and Stratasys down a staggering 58.5%.
Today the fund is making a major change, one that the Mecklers feel should increase opportunity for investors. Up until this point, the fund allocated at least 80% of their capital to what they defined as ‘3D printing companies’ and ‘technology companies’. Today this changed, along with the fund’s official name. The fund’s new name will now be ‘3D Printing, Robotics and Technology Fund,’ while going forward 80% of their capital will now be allocated to what they define as ‘3D printing companies,’ ‘robotics companies’ and ‘technology companies.’ Cont'd...
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