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Artificial Intelligence Industrial Automation Machine Learning Robotics Western Europe

Agile Robots Closes US$220M Series C Financing

– Agile Robots from Munich, Germany and Beijing, China develops intelligent robotics.
– The company completed a Series C financing with a total investment of US$220m.
– The round was led by SoftBank Vision Fund 2 with participation from GL Ventures, Sequoia China and Linear Capital, and strategic investors including Xiaomi Group, Foxconn Industrial Internet, and Midas.
– Proceeds from the round will be mainly used for the company’s product development, mass production and global sales business expansion.

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E-Commerce Industrial Automation Logistics North America Robotics Warehousing

Locus Robotics just raised another $50M

– Locus Robotics, a warehouse and fulfillment robotics company, raised $50m funding.
– The round was led by Tiger Global and joined by existing investors.
– It brings Locus to a valuation of $1.5 billion.
– Funding will be used to further expand Locus’ global operations.

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Industrial Automation Manufacturing North America

Holo Raises Undisclosed Series B Funding

– Holo is a Newark, CA-based metal additive manufacturing company.
– Company raised an undisclosed amount in Series B funding.
– The round was led by Lam Capital, Lam Research‘s venture group, and Atreides Management, with participation from Prelude Ventures, Tao Capital Partners and Lightspeed Venture Partners.
– The new investment will be used to double the company’s team and add new materials.

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Industrial Automation Manufacturing North America Robotics

Automation-as-a-service startup Rapid Robotics raises $36.7M

– Rapid Robotics, a startup providing out-of-the-box automation solutions for manufacturers, announced it has raised $36.7 million in a series B round co-led by Kleiner Perkins and Tiger Global, with participation from NEA, Greycroft, Bee Partners, and 468 Capital.
– The round, which values Rapid at $192.5 million post-money, brings the company’s total funding to date to $54.2 million.
– According to a study from Deloitte and the National Manufacturing Institute, by the end of 2020 the manufacturing industry had only recouped 63% of jobs lost during the pandemic — even with openings at near-record levels.

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Artificial Intelligence Industrial Automation Machine Learning North America Robotics

Third Wave Automation Raises $40M in Series B Funding

– Third Wave Automation, Inc. is an Union City CA-based autonomous industrial solutions company.
– The company raised $40m in Series B funding.
– The round was led by Norwest Venture Partners with participation from prior investors Innovation Endeavors and Eclipse, along with Toyota Ventures.
– The new investment will be used to accelerate growth and commercialization efforts.

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Blockchain Industrial Automation Information Technology North America Oil and Gas Software

Data Gumbo Completes $7.7M Series B Round

– Data Gumbo, provider of GumboNet™ – the massively interconnected industrial smart contract network secured and powered by blockchain, today announced that it has closed its Series B funding round totaling $7.7 million.
– The investments were led by Equinor Ventures, the corporate venture capital arm of Equinor, with participation from Saudi Aramco Energy Ventures, the corporate venture capital fund of Saudi Aramco, and Bay Area and Houston-based venture firm L37.
– Data Gumbo is a technology company that provides GumboNet™ – a massively interconnected industrial smart contract network secured and powered by blockchain.

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Artificial Intelligence Industrial Automation North America Robotics Software

Covariant Pulls In $80M Series C Financing

– Covariant, a leading AI Robotics company, today announced it has raised $80m in Series C funding.
– The round was led by returning investor, Index Ventures, with additional participation of Amplify Partners and Radical Ventures.
– Covariant will use the funding to continue its investment in AI Robotics research and development (R&D), as well as growing its team globally, and accelerate bringing AI into the physical world.

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E-Commerce Industrial Automation Logistics Machine Learning North America Robotics

InVia Robotics raises $30M for warehouse robotics push

– InVia Robotics, an industrial robotics company based in Los Angeles, California, announced it has raised $30 million in a series C round co-led by Microsoft’s M12 and Qualcomm, with participation from Hitachi.
– InVia says the new equity funding will be used to support its growth, specifically through adopting Qualcomm’s Robotics RB5 Platform and drawing on AI expertise from Hitachi and Microsoft.
– Companies are increasingly determined to improve warehouse automation in light of pandemic-related supply chain challenges. A recent Honeywell survey found that 14% of enterprises rank improving automation within their facilities as a top priority, while 37% rank it among their top three near-term goals. A separate report published in Forbes found that 96% of warehouse executives expect the warehouse automation value proposition to increase over the next three years.

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Analytics Industrial Automation Machine Learning North America Software

Fero Labs Raises $9M in Series A Funding

– Fero Labs is a New York-based provide rof Explainable Machine Learning software dedicated to the industrial sector.
– The company raised $9M in Series A funding.
– The round was led by Innovation Endeavors with participation from Deutsche Invest VC.
– The new investment will be used to expands its sustainable solutions.

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Industrial Automation North America Robotics Software

Pizza brands show interest in robotic pizza maker Picnic as Seattle startup raises more cash

– Seattle-based food automation startup Picnic added an additional $4.2m in funding to a Series A round that previously raised $16.3m.
– The cash will be used to grow and expand Picnic’s team of experts and commercial operations.
– The food-automation company has been perfecting its pizza-making robot, called the Picnic Pizza System, and has attracted interest and new partnerships with Orion Land Mark, Seattle’s Ethan Stowell Restaurants, National Service Cooperative, and Baseline Hardware.
– Picnic is in late-stage conversation with a wide variety of customers interested in a differentiated and customizable kitchen solution.

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Industrial Automation North America

LightGuide Raises $15M in Series B Funding

– LightGuide, Inc. from Wixom, MI provides an AR workflow instruction software platform that transforms manual assembly and manufacturing processes for companies worldwide.
– Company raised $15m in Series B funding.
– The round was led by G2 Venture Partners with participation from Capital Midwest Fund and Michigan Capital Advisors.
– The new investment will be used to accelerate the company’s global growth, including expansion of its global sales and support network and continued R&D in its cloud infrastructure and software suite.

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Document Management Energy Management Image Recognition Industrial Automation Western Europe

CORRECTING and REPLACING Anyline Raises $20 Million in Growth Funding Round to Answer Exponential Demand for Mobile Data Capture Technology

– Anyline has raised $20m in a growth funding round to meet the rapidly growing global demand for mobile scanning technology.
– This round of funding is led by the European growth equity fund Digital+ Partners and supported by Anyline’s existing investors.
– Anyline’s AI-enabled mobile scanning technology is leveraged across a variety of industries around the world, including retail, logistics, manufacturing, law enforcement and automotive.
– The company has strategic partnerships with industry leaders such as Zebra Technologies, and key customers include Discount Tire, PepsiCo, E.ON, Tata, Comerso, Canon, and the World Food Programme.
– Since Anyline’s Series A funding round last year, the company has released its proprietary AI platform, Anyline Trainer.

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Computer Vision Industrial Automation Machine Learning Mechanical Engineering North America Robotics

With $8.4M raised, strawberry-picking robotics startup Traptic begins commercial deployment

– Traptic, a robotics startup, began commercial deployment of its strawberry-picking mobile robot.
– The company raised $5m in Series A funding.
– The round was led by Collaborative Fund, Homebrew Ventures and K9 Ventures.
– The company has raised $8.4m in total.

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CleanTech Energy Efficiency GreenTech Industrial Automation North America

Turntide Technologies Nabs $225M

– Turntide Technologies, the company responsible for the Smart Motor SystemTM, has completed $225m in convertible note financing.
– Investors include CPP Investments, Monashee Investment Management LLC, and JLL Spark.
– It brings Turntide’s total funding to $400m.

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Analytics Industrial Automation Internet Manufacturing North America Predictive Analytics SaaS Software

MachineMetrics Announces $20M Series B Funding Round

– MachineMetrics, an industrial data startup that elevates manufacturing performance through autonomous machining, announced it has raised $20m in Series B financing.
– The company will use the funding to scale its platform globally and democratize access to the machine insights that power manufacturing operations.
– MachineMetrics is currently used by hundreds of customers and connected to thousands of machines globally.
– These manufacturers, which range from small contract manufacturers to some of the world’s largest OEMs, are leveraging MachineMetrics to enable remote visibility into real-time production, identify production bottlenecks, predict machine failures, improve quality, and build workflows that automate the operation of machines.

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Biotechnology Industrial Automation Information Technology North America Robotics Software Software Engineering

Strateos Closes $56 Million Series B Financing to Accelerate the Roll-Out of its SmartLab of the Future Platform

– Strateos, Inc. announced the closing of its $56.1m Series B financing led by DCVC and Lux Capital with participation from new investors including Eli Lilly and Company, Ally Bridge Group, Black Diamond Ventures, Mack & Co., LLC, and Castor Ventures.
– With this financing, Strateos will continue to drive innovations on its SmartLab Platform™, which integrates data generation and AI-enablement with its unique and flexible automation to accelerate pharmaceutical and synthetic biology R&D.
– Life science research needs faster, more reliable and lower cost data to fully leverage AI-powered analysis tools.
– Strateos is pleased to have the backing of these world-class investors who bring deep expertise in building and scaling innovative platforms at the intersection of the life sciences and information technology.

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Construction Data Integration FinTech Industrial Automation Infrastructure Machine Learning North America Payments Real Estate Software

Tiger Global leads $30M investment into Briq, a fintech for the construction industry

– Briq, a construction fintech startup, raised $30m in Series B funding.
– The round was led by Tiger Global Management and joined by Eniac Ventures and Blackhorn Ventures.
– The company has raised $43m since its January 2018 inception.
– Briq aims to solve the age-old problem of construction projects (very often) going over budget.

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Autonomous Vehicles Industrial Automation North America Robotics

Realtime Robotics Raises $31.4M in Series A Funding

– Realtime Robotics specializes in autonomous motion planning for industrial robots.
– Company raised $31.4M in Series A funding.
– The round was led by HAHN Automation and SAIC Capital Management, as well as new institutional investors Soundproof Ventures and Heroic Ventures.
– The company will be use the funds to accelerate its product rollouts and continue its investment in innovative enhancements and solutions.

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Freight Service Industrial Automation Logistics Shipping Western Europe

sennder Raises Additional in $80M Series D Funding

– sennder is a digital freight forwarder based in Berlin.
– Company raised $ 80m in Series D funding round.
– The round was led by Baillie Gifford with participation from new backer as well as existing investors.
– The funding will be used to accelerate growth across Europe, further expand into new regions and drive research and development into the automation, digitalization and decarbonization of road freight.

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Agriculture Industrial Automation Machine Learning North America Robotics

TerraClear Raises $25 Million for Robotic Rock Picker

– TerraClear announced Series A funding of $25m led by Madrona Venture Group, bringing the company’s total funding to $38m.
– The company is an applied AI and robotics company that has developed a rock picking solution for farms.
– The solution picks rocks up to 300lbs and can pick up to 400 rocks per hour.
– The solution is currently available and the company will be selling a fully autonomous version in the future.
– The company is based in Seattle, Washington.

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Artificial Intelligence Industrial Automation Information Technology Machine Learning North America

Phaidra raises more cash from Mark Cuban and others to build the ‘future of industrial automation’

– AI startup Phaidra raised $4m in funding.
– The round was led by Seattle-based Flying Fish, which also led the company’s pre-seed round in May.
Section 32, Character, Starshot Capital, and Dallas Mavericks owner Mark Cuban also invested.
– It will use the fresh cash to accelerate growth in industries such as process heating and cooling, chemical manufacturing, and paper and pulp.
– The 15-person company is led by Jim Gao and Vedavyas Panneershelvam, two former employees at DeepMind, the Alphabet-owned AI research hub, as well as Katherine Hoffman, a defense and HVAC industry veteran.

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Industrial Automation North America Robotics Software

Food automation startup Picnic raises more cash as it partners with a top Seattle chef and other groups

– Picnic, a Seattle-based food automation startup, raised $16.3m in new financing.
– The round was led by Thursday Ventures and joined by existing investors Flying Fish Partners, Vulcan Capital, and Creative Ventures.
– The company is also entering a strategic culinary and chef partnership with Seattle’s Ethan Stowell Restaurants which will allow Picnic to showcase its capabilities at local activities like pop-up shops and other events.
– The company employs 25 people and plans to expand significantly over the next year, hiring in sales, marketing and engineering.

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Industrial Automation North America Robotics Software

Plus One Robotics Snags $33M Series B

– Plus One Robotics from San Francisco has completed a $33m Series B funding.
McRock Capital and TransLink Ventures co-led the round, with participation from BMWi Ventures, Kensington Capital Partners, and Ironspring Ventures alongside existing investors.
– Whitney Rockley of McRock Capital and Toshi Otani of TransLink will join the company’s Board of Directors.

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Industrial Automation North America Robotics Software

Robotic vision startup Plus One raises $33M

– Plus One Robotics, a computer vision software company, raised $33m in Series B funding.
– The round was led by McRock Capital and TransLink Ventures, and joined by BMWi Ventures, Kensington Capital Partners, and Ironspring Ventures.
– The company plans to use the funding to expand operations internationally to keep up with the accelerated demand for robotics.
– The system also allows for group management, controlling up to 50 robots at once.

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Industrial Automation Manufacturing North America Personal Health Pharmaceutical Robotics

Multiply Labs Raises $20M in Series A Funding

– Multiply Labs, a San Francisco, CA-based robotics company developing automated manufacturing systems for the production of individualized drugs, raised $20m in Series A funding.
– The round was led by Casdin Capital with participation from new investors Lux Capital and Pathfinder, Founders Fund’s early stage investment vehicle, Fifty Years and Garage Capital.
– In conjunction with the funding, Michael Doherty, a representative of Casdin Capital, will join Multiply Labs’ Board of Directors.
– The company intends to use the funds to grow its installed robotic production capacity, and to apply its tech to new life-saving therapies.

E-Commerce Industrial Automation Internet North America Retail Robotics

HDS, from the Borders and Webvan founder, raises $3M as it gears up to launch its robot-run grocery and general merchandise play

– Home Delivery Services, a delivery startup founded by Louis Borders, is today announcing funding of $3m.
– The plan is for the center to showcase the technology that HDS Global has been building over the last several years.
– It will power a wide fulfillment system extending from stocking, sorting and picking items that will then be delivered, mostly by humans, to consumers.
– The company plans to launch commercially in the next 15 months.

Industrial Automation North America

Ambi Robotics Raises $6.1M in Seed Funding

– Ambi Robotics emerged from stealth to introduce AmbiOS, an advanced robot operating system based on simulation-to-reality artificial intelligence.
– The company raised $6.1m in seed funding.
– The round was led by Bow Capital, Vertex Ventures and The House Fund.
– The new investment will be used to continue to expand operations and business reach.

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Europe Industrial Automation Software

Kenmei Closes €1.5M Funding Round

– Kenmei is a Valencia, Spain-based company specialized in data analysis and mobile network automation through artificial intelligence.
– The company raised €1.5m in series A funding round.
– The round was led by GoHub Ventures, who has been joined by MASventures, an accelerator of the MASMOVIL GROUP and Wayra, Telefónica’s open innovation hub.
– The new investment will be used to speed up and consolidate the development of the ADELE® solution by integrating new 5G use cases and to strengthen its international sales structure with the aim of accelerating its growth.

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Industrial Automation North America Robotics Wireless

Robotics safety system developer Fort Robotics raises $13M to tackle workplace automation

– Fort Robotics, a startup developing a safety and security platform for robots, today announced it has raised $13 million in a funding round led by Prime Movers Lab.
– With the new investment, Fort says it will more than double the size of its workforce and expand its product offerings in “key markets.”
– Worker shortages attributable to the pandemic have accelerated the adoption of automation. According to ABI Research, more than 4 million commercial robots will be installed in over 50,000 warehouses around the world by 2025, up from under 4,000 warehouses as of 2018. In China, Oxford Economics anticipates 12.5 million manufacturing jobs being automated, while in the U.S., McKinsey projects machines will take upwards of 30% of such jobs.
– Founded in 2018, Philadelphia, Pennsylvania-based Fort is CEO Samuel Reeves’ second startup.

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Artificial Intelligence Asia Industrial Automation Internet of Things Machine Learning Manufacturing Predictive Analytics Software

Seebo Raises $24M in Funding

– Seebo Raises $24M in Funding
– The round was led by Vertex Ventures with participation from 10D, The Phoenix and Leumi Partners.
– The new investment will be used to further expand its global reach and continue enhancing its solution.

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Energy Efficiency GreenTech Industrial Automation North America Software

Bill Gates and Amazon join $80M funding round for Turntide electric motor venture

– Silicon Valley venture Turntide Technologies, which is retooling electric motors for the 21st century, says it has completed an $80m funding round that was led by Breakthrough Energy Ventures, the clean-tech fund created by Microsoft co-founder Bill Gates.
– Other investors include the Amazon Climate Pledge Fund, actor Robert Downey Jr.’s Footprint Coalition Ventures, Keyframe Capital, Fifth Wall and Captain Planet LP.
– The newly announced round brings Turntide’s total funding to $180m.

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Energy Efficiency Industrial Automation Internet of Things North America Software

Turntide Technologies Raises $80M With Investments From Breakthrough Energy Ventures And Robert Downey Jr.’s FootPrint Coalition Ventures

– Turntide raised $80m with investments from Breakthrough Energy Ventures and Robert Downey Jr.’s FootPrint Coalition Ventures.
– The round was led by Breakthrough Energy Ventures and includes investments from Robert Downey Jr.’s FootPrint Coalition Ventures, the Amazon Climate Pledge Fund, Keyframe Capital, Fifth Wall’s Climate Technology Fund and Captain Planet LP.
– Turntide’s Smart Motor System is designed around its revolutionary switched reluctance motor (SRM) technology.
– Turntide plans to expand development and production of its Smart Motor System to meet growing demand and extend it into new applications.
– Funding will also be used to accelerate deployment and advance development of Riptide, a cloud-based building automation software platform that Turntide recently agreed to acquire.

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Artificial Intelligence Industrial Automation North America Robotics Software

Symbio emerges from stealth with $30 million to automate industrial assembly

– Emeryville, California-based industrial robotics startup Symbio Robotics today emerged from stealth with $30 million in funding.
– The company says the capital will be put toward further developing its technology as it looks to sign new customers.
– McKinsey pegs the automation potential for production occupations at 79%, and the pandemic is likely to accelerate this shift.
– A report by the Manufacturing Institute and Deloitte found that 4.6 million manufacturing jobs will need to be filled over the next decade, and challenges brought on by physical distancing measures and a sustained uptick in ecommerce activity have stretched some logistics operations to the limit.
– Symbio, which was founded in 2014, claims its software can help by allowing factory-floor robots to “learn” what to accomplish.

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Industrial Automation Logistics Manufacturing North America Robotics Supply Chain Management

Locus Robotics raises $150 million to scale its warehouse robotics platform

– Locus Robotics, a Wilmington, Massachusetts-based warehouse robotics startup, today announced it has raised $150 million in series E funding at a $1 billion post-money valuation.
– The company says the funding will allow it to accelerate product innovation and global expansion.
– Locus expects that in the next four years, over a million warehouse robots will be installed and that the number of warehouses using them will grow tenfold.
– Worker shortages attributable to the pandemic have accelerated the adoption of automation.
– According to ABI Research, more than 4 million commercial robots will be installed in over 50,000 warehouses around the world by 2025, up from under 4,000 warehouses as of 2018.

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Collaboration Enterprise Applications Enterprise Software Industrial Automation Intelligent Systems Internet Logistics North America Software Supply Chain Management

Slync.io Raises $60M Series B Funding

– Slync.io from Dallas develops a logistics operating process and system orchestration platform for global logistics providers and shippers.
– Series B $60m round led by Goldman Sachs Growth with participation from ACME Ventures, 235 Capital Partners, Correlation Ventures and other existing investors.
– The new investment will be aimed at expanding the company’s business reach in Europe and Asia.
– Goldman Sachs’ John Giannuzzi will also join Slync’s board of directors.

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