Top venture capital firms continue to pour money into software robotics companies that promise to automate monotonous business operations, like processing mortgage applications, that are often performed by humans. New York-based UiPath is the latest such company to score a haul, announcing Tuesday it raised $225 million in a Series C funding round co-led by [...]
UIPath is bringing automation to repetitive processes inside large organizations and it seems to have landed on a huge pain point. Today it announced a massive $225 million Series C on a $3 billion valuation. The round was led by CapitalG and Sequoia Capital. Accel, which invested in the companies A and B rounds also [...]
San Francisco-based Atrium wants machines to do the work of some high-paid lawyers but says it's about 'humans + software'There's a lot of attention being paid to how artificial intelligence technology will potentially replace many low-paid, low-level, unskilled jobs like retail clerks, customer service agents and factory workers. But now a startup is taking aim at a different kind of industry - one with highly skilled, highly paid professionals: law firms. Related: Businesses are confident in Trump's economy - but challenges still loom | Gene Marks Continue reading...
Spyce plans to open more restaurants along the East Coast featuring its "robotic kitchen" system, thanks to a fresh infusion of $21 million in venture capital. The Somerville, MA-based startup's Series A funding round was led by Collaborative Fund and Maveron, according to an announcement Friday. Other investors in the deal include earlier Spyce backer [...]
Singapore industrial robotics startup GreyOrange has raised $140 million to expedite warehouse fulfillments with machinery. : Fulfillment is a $9 billion industry. Roughly 60,000 employees handle orders in the U.S., and companies like Apple manufacturing partner Foxconn have deployed tens of thousands of assistive robots in assembly plants overseas. But despite all the manpower and machinery, a mere 30 percent of warehouses in the U.S. are operating efficiently, according to a study by the Georgia Institute of Technology. That's where GreyOrange -- and its investors -- see a golden opportunity.
Mithril Capital, co-founded by legendary Silicon Valley investor Peter Thiel and Ajay Royan, led the funding round, GreyOrange said in a statement.
Sarcos Robotics Raises $30 Million in Series B Funding SALT LAKE CITY & BELLEVUE, Wash., September 5, 2018-- Sarcos(r) Robotics, a global leader in robotic systems that augment, rather than replace, humans working in the industrial, public safety and military sectors, today announced that it has secured $30 million in Series B funding from a consortium of investors co-led by DIG Investment and Alex. Brown & Sons. Each of the Company's Series A investors also participated in this round, including Caterpillar Ventures, Cottonwood Technology Fund, GE Ventures, Microsoft, Schlumberger and Sarcos' chairman and CEO, Ben Wolff.
AgTech Company Bear Flag Robotics Raises $3.5 Million Seed Round Led by True VenturesBear Flag's autonomous driving technology for farm tractors allows growers to automate common tasks and improve efficiency of operations SUNNYVALE, Calif., August 31, 2018-- Bear Flag Robotics today announced a $3.5 million seed funding round led by True Ventures. The Silicon Valley-based agtech company is developing autonomous technology for farms, which will help growers lower operational costs and increase yields. As part of the raise, they have welcomed Rohit Sharma, venture partner at True Ventures, to the board.
SUNNYVALE, Calif.--(BUSINESS WIRE)--AgTech company Bear Flag Robotics raises a $3.5 Million seed round led by True Ventures. : Bear Flag's autonomous driving technology for farm tractors allows growers to automate common tasks and improve efficiency of operations SUNNYVALE, Calif.--(BUSINESS WIRE)--Bear Flag Robotics today announced a $3.5 million seed funding round led by True Ventures.
As well as being able to load content faster than ever before, you'll now find it's much easier to find all the content you need about the Asian business world. Chinese robotic startup Makeblock has closed a series C-round fundraising totaling 300 million yuan ($44 million), as Beijing's drive for leadership in advanced industries motivates investors to pump more money into deep technology.