Launch of cases Some of the data collected by the people at Crunchbase this week is consistent with what we have been saying about Actuator all along. The past few years have been really transformative for robotics. Since the beginning of the epidemic, the talk I had with startups և VCs about the automated future has shifted to now. The highly contagious virus, combined with the ongoing labor crisis, has the potential to spread to mountains.
That is to say, there are certain external forces – inevitable realities of making investments. As Alex and Anna mentioned in a passage with the title last month. “Enterprise slowdowns are affecting fundraising for startups of all sizes.” (TechCrunch + subscription required)
Technology stock prices began to fall in late 2021, a slide that lasted until 2022, leaving many tech stores trading at a sharp discount until their most recent valuations. Given that startups’ ratings are easier in the late stages than those of public companies, it was expected that growth investors would shake up their pricing models և possibly reduce their risk appetite.
These forces have apparently had some influence on robotics, but given the winds of the last few years, the industry is still working hard. Automation is something that companies invest in during their gloomy times, be it work problems, supply chain crises, competition or growing demand. The present reminds us of how much we can prepare for future problems.
All these factors are confirmed Crunchbase latest figures on the category
Last year, more than $ 17 billion was invested in VC-backed robotic startups, which almost tripled investment by 2020. This year it is a little behind that rate, but the industry has already seen an influx of more than $ 5 billion to startups.
Jokingly, I would say that it is in good harmony with everything we see at the end. a large, epidemic increase in investment, followed by a slight slowdown. But that slowdown is nothing compared to the wider funding problems facing startups. As ever, some subcategories of robotics are going to decline to average, but warehousing / production, production, agtech, medical և food are well positioned here.
I understand that the sample size is too small, but another hectic activity this week indicates a steady interest from investors. The first one comes to us Via GreyOrange, which recently partnered with Walmart Canada. Or the company went into the less traditional debt financing phase here with the support of Mithril Capital Management and BlackRock. The $ 110 million increase follows rumors that an India / Denver-based company was planning an IPO last year (which, again, given current market conditions, may not have been the wisest move).
With that note, CEO Samay Kohli tells me.
For us, success is like solving great challenges for as many customers as possible around the world. We are firmly focused on how we can meet the growing demand of our customers as quickly and efficiently as possible. An IPO is certainly a viable option for doing so in the future.
Haje has the latest version of Boston-based Flexxbotics that works to drive workflow production to the cloud. The firm raised The $ 2.9 million A Series for software solutions to connect robots with other production tools.
“Flexxbotics is focused on helping discrete manufacturing companies complete their digital transformation,” CEO Tyler Bouchard told TechCrunch. “These companies have struggled with the challenge of connecting with ERP, MES, and other modern business systems that exist with older manufacturing equipment,” says Bouchard. “Our vision is to change that by providing a set of prison tools – robots, CNC machines, PLCs – to connect other industries seamlessly through the store floor communication network.”
Few Interesting news from DeepMind this week, also. The company, owned by Alphabet, has introduced Gato, the “general purpose” AI system, which has made quite amazing flights. The system is capable of performing a wide variety of tasks, from captioning pictures to assembling blocks with robotic hands.
“Most modern artificial intelligence systems work on a single task or narrow domain at a time,” co-founder Scott Reed told TechCrunch. “The essence of this job is that one agent is one [model] It can perform hundreds of many different tasks, including managing a real robot, performing key subtitles, and chatting. ”
Uber Eats announced this week A pair of deals for the last mile delivery in the Los Angeles area. The partners are Motional and Serve Robotics autonomous driving companies, Uber spinout, which manufactures pavement delivery robots.
“We will be able to learn from these two pilots what customers really want, what traders really want, what it means to deliver as we begin to integrate our platform with AV companies,” Uber Eats told TechCrunch. representative: “We hope they will be successful. We will learn in the coming months and then find out how to scale.”
The companies will start with a select number of merchants, from which Serve will make shorter trips to West Hollywood, and Motional will go to Santa Monica, hungry and hollow for all the items you have taken.
Some notes from investors this week on the role of construction site և robotics և automation, which will play a role in the development of industry. Here is PSP Growth CEO Mommy Cu.
In the long run (five to 10 years) there will be game-changing innovations in new materials, automation և robotics that can fundamentally change the way things are built, create a better, safer environment for industry members, which we hope will help. lack of manpower. I often look at construction sites from my window and think: “People should not do that.”
Last week, we discussed how Qualcomm is aggressively pushing robotics development space alongside companies like Nvidia. Now: It’s the dram’s turn, with the announcement of the new Kria KR260 Robotics Starter Kit. Senior director Chetan Khona says. “Robotics will now be able to work in their standard development environment on a platform that has all the interfaces and capabilities needed to run and run in less than an hour. The KR260 Starter Kit is the ideal platform to accelerate robotics innovation and bring ideas to mass production. ”
The system is now available for $ 349.
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