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..
Schunk - New planning tools for assembly systems
1,700 new combinations
Sierra-Olympic's New Thermography Camera System - CX640
Specially designed for use in process monitoring, machine vision, benchtop, laboratory, and OEM applications.
George Brown College Launches a New Online Program: Automation Technician
New program offers flexible, introductory training in automation technology for manufacturing
Foxconn Seeks Manufacturing Sites in India
SEAN MCLAIN for WSJ.com: Foxconn became the latest global giant to declare its intention to tap into India’s budding manufacturing potential.
The company is looking for manufacturing sites in India. So far it hasn’t been able to settle on any in particular, Foxconn Chairman Terry Gou told a news conference in New Delhi.
“India is a big, big country. Too many places, too many states, too many cities. The choice is difficult,” he said.
Foxconn is the world’s largest contract electronics manufacturer by revenue. The Taiwanese company—known officially as Hon Hai Precision Industry Co.—is looking to tap India’s massive labor pool and has big ambitions for its Indian investments. It has long-term plans for Asia’s third-largest economy and hopes to do more in India than simply assemble smartphones and laptops. “We want to bring the whole supply chain here,” Mr. Gou said.
Analysts say Foxconn is looking to diversify its global network of factories as the company faces more competition and rising wages in China, where it has most of its manufacturing operations. Cont'd...
Myth Busting: Greater Manufacturing Automation Doesn't Mean Fewer Jobs
When it comes to addressing manufacturing labor challenges, companies shouldnt be quick to assume that job opportunities will decrease as a result of an increase in automated systems.
CNC Software, Inc. Partners with Edge Factor to Bring Free Multimedia Package and Materials to Manufacturers for Manufacturing Day Events
Manufacturing Day 2015, scheduled for October 2, 2015-the fourth annual industry grassroots event that is celebrated across North America and being promoted as "MFG Day."
Pack Expo - Lenze Motion Control Experts Present on Innovation Stage at PACK EXPO Las Vegas
EASY Packaging Machine Automation presentation explores strategies to simplify motion control and robotics
Chinese factory replaces 90% of humans with robots, production soars
By Conner Forrest for TechRepublic: In Dongguan City, located in the central Guangdong province of China, a technology company has set up a factory run almost exclusively by robots, and the results are fascinating.
The Changying Precision Technology Company factory in Dongguan has automated production lines that use robotic arms to produce parts for cell phones. The factory also has automated machining equipment, autonomous transport trucks, and other automated equipment in the warehouse.
There are still people working at the factory, though. Three workers check and monitor each production line and there are other employees who monitor a computer control system. Previously, there were 650 employees at the factory. With the new robots, there's now only 60. Luo Weiqiang, general manager of the company, told the People's Daily that the number of employees could drop to 20 in the future.
The robots have produced almost three times as many pieces as were produced before. According to the People's Daily, production per person has increased from 8,000 pieces to 21,000 pieces. That's a 162.5% increase. Cont'd...
MVTec launches new HALCON Release 12.0.1
New machine vision features
---Significantly improved bar code and data code reading
MapleSim Used to Speed up Development of High-fidelity Robotic Manipulator Models
ABB's Robotics business unit recently sought a more user-friendly tool to develop high-fidelity manipulator models that can be integrated with other software tools for simulation. Using MapleSim, engineers eliminated the need to derive and manipulate equations.
OMRON to Acquire U.S.-based Motion Control Company
- Strengthening Technology Development and Sales Capabilities for Factory Automation Business -
Intelligrated rebrands aftermarket service group as Lifecycle Support Services
Name change reflects commitment to proactive approach, value-added service
Adept Technology Hires Vice President of North American Sales for Fixed Robotics
"Brian McMorris brings to Adept more than 20 years of experience in the
automation industry, successfully cultivating companies' sales and
distribution teams, developing strategic marketing plans, and consistently
exceeding revenue goals"
AIS Expands Intelligent Automation Control and Monitoring Portfolio with Box Industrial PCs, Din Rail and Thin Client IPCs for Connecting Data, People and Machines
AISs Box Industrial PCs, Din-rail and Thin Client IPCs Offer a Highly Integrated Form Factor for PC-based Automation for IoT Gateway and Industry 4.0 Applications
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Factory Automation - Featured Product
3D Vision: Ensenso B now also available as a mono version!
This compact 3D camera series combines a very short working distance, a large field of view and a high depth of field - perfect for bin picking applications. With its ability to capture multiple objects over a large area, it can help robots empty containers more efficiently. Now available from IDS Imaging Development Systems. In the color version of the Ensenso B, the stereo system is equipped with two RGB image sensors. This saves additional sensors and reduces installation space and hardware costs. Now, you can also choose your model to be equipped with two 5 MP mono sensors, achieving impressively high spatial precision. With enhanced sharpness and accuracy, you can tackle applications where absolute precision is essential. The great strength of the Ensenso B lies in the very precise detection of objects at close range. It offers a wide field of view and an impressively high depth of field. This means that the area in which an object is in focus is unusually large. At a distance of 30 centimetres between the camera and the object, the Z-accuracy is approx. 0.1 millimetres. The maximum working distance is 2 meters. This 3D camera series complies with protection class IP65/67 and is ideal for use in industrial environments.
Robotics and Automation - Featured Company
BTM Industrial
BTM Industrial is a leading asset disposition company assisting manufacturing companies with their surplus asset needs. Founded in 2011, it is a fully licensed-and-regulated, commission-based auction and liquidation company. The company's full asset disposition programs provide customers with the ability to efficiently manage all aspects of their surplus and achieve higher value.
