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..
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.
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...
How to Prepare Now for the Industrial Internet of Things
The inevitable Internet of Things is already taking shape, absorbing the world of consumer devices and hovering on the horizon of industrial manufacturing.
Waterjet Cutting and OCTOPUZ a Powerful Combination
OCTOPUZ was created to meet the rising needs in the robotics industry, and uses a revolutionary method of combining offline programming of robots with manufacturing process simulation.
Industry 4.0 Ready: Vacuum Solutions for the Intelligent Factory
The gripper spider for fiber composite components is a great example how significant this contribution to the intelligent factory can be in practice.
How Does the Accident in Germany Affect Industrial Robot Safety?
by Patrick Davison, Director of Standards Development, Robotic Industries Association: Last week, an unfortunate fatality involving an industrial robot and a worker occurred at a Volkswagen plant in Baunatal, Germany. The Robotic Industries Association (RIA) and its member companies express its deepest sympathies to the victim’s family, friends, and colleagues.
According to news sources, the worker was part of a contracting crew responsible for setting up the robot, and was working inside the safeguarded space when the incident occurred. A second member of the contracting crew was standing outside of the safeguarded space and was not harmed.
The international media response to the incident was aggressive, swift, and expounded on topics that were not relevant to the incident. AWashington Post article referenced the dangers of Artificial Intelligence and posed the question, “Should the world kill killer robots before it’s too late?” In another story, a Financial Times journalist with a name similar to a popular character in The Terminator franchise started a social media frenzy with a tweet. A video from Ireland expounds on random tweets regarding the incident with backdrop footage of the Honda ASIMO robot and manual automotive operations. Also, according to this article on an automotive news and gossip site, a Times of India article posted a photo of a gun-wielding toy robot beside the story. Cont'd...
China's Hunger for Robots Marks Significant Shift
By TIMOTHY AEPPEL and MARK MAGNIER for WSJ.com - Having devoured many of the world’s factory jobs, China is now handing them over to robots.
China already ranks as the world’s largest market for robotic machines. Sales last year grew 54% from a year earlier, and the boom shows every sign of increasing. China is projected to have more installed industrial robots than any other country by next year, according to the International Federation of Robotics.
China’s emergence as an automation hub contradicts many assumptions about robots and the global economy.
Economists often view automation as a way for advanced economies to keep industries that might otherwise move offshore, or even to win them back through reshoring, since the focus is on ways to reduce costly labor. That motivation hasn’t gone away. But increasingly, robots are taking over work in developing countries, reducing the potential job creation associated with building new factories in the frontier markets of Asia, Africa or Latin America. Cont'd...
Echoing Government's Productivity 4.0, IoT Automation Boosts Taiwan's Competitiveness
Facing challenges of labor shortages and aging labor forces, Taiwan's Ministry of Economic Affairs is implementing "Productivity 4.0" to stimulate economic growth and upgrade industries.
Could This Machine Push 3-D Printing into the Manufacturing Big Leagues?
Neil Hopkinson, a professor of mechanical engineering at the University of Sheffield in the United Kingdom, has been developing the new method, called high-speed sintering, for over a decade.
Laser sintering machines build objects by using a single-point laser to melt and fuse thin layers of powdered polymer, one by one. Hopkinson replaced the laser system, which is both expensive and slow, with an infrared lamp and an ink-jet print head. The print head rapidly and precisely delivers patterns of radiation-absorbing material to the powder bed. Subsequently exposing the powder to infrared light melts and fuses the powder into patterns, and the machine creates thin layers, one by one—similar to the way laser sintering works, but much faster.
Hopkinson’s group has already shown that the method works at a relatively small scale. They’ve also calculated that, given a large enough building area, high-speed sintering is “on the order of 100 times faster” than laser sintering certain kinds of parts, and that it can be cost competitive with injection molding for making millions of small, complex parts at a time, says Hopkinson. Now the group will actually build the machine, using funding from the British government and a few industrial partners. Cont'd...
Widespread backing for UK robotics network
The Engineering and Physical Sciences Research Council (EPSRC) has announced the launch of a new robotics network that aims to foster academic and industry collaboration.
The UK Robotics and Autonomous Systems Network (UK-RAS Network) will have a strong academic foundation, with a number of universities acting as founding members. According to the EPSRC, the network has already received strong support from major industrial partners, as well as from professional bodies such as Royal Academy of Engineering, IET, and The Institute of Mechanical Engineers.
Globally, the market for service and industrial robots is estimated to reach $59.5 billion by 2020. A primary aim of the network will be to bring the UK’s academic capabilities under national coordination, fuelling innovation in the robotics sector and taking advantage of the growth in the industry. Cont'd...
Vision Guided Robotics Advances
The recent developments in algorithms and sensor technologies make it possible to efficiently implement vision guided robotics tasks for manufacturers.
Optimizing Barcode Reading and Inspection Capability for the Life of Your System
Understanding an applications requirements is critical in choosing the best device for successful data acquisition.
Rockwell brings factory-automation tools to smartphones, tablets
By John Schmid of the Journal Sentinel: The Texas facility that mass-produces State Fair corn dogs and Jimmy Dean Pancakes & Sausage on a Stick retooled itself recently as a hyper-automated smart factory. It installed 1,500 sensors to collect gigabytes of data on everything from raw meat inventories to wastewater and electrical usage.
Then the Fort Worth factory took one extra step into the future of industrial technology: It added software that transmits all of that real-time data onto smartphones and tablets, making it possible for plant managers to monitor their production network from anywhere on the factory floor — and during coffee breaks or vacations, as well.
If they choose — so far, most don't — this new breed of mobile managers can even operate factory equipment remotely, shutting off pumps or speeding up production lines. Technology has made that sort of operation as easy as playing a smartphone video game, but it can be reckless because a lot of equipment can interfere with or hurt those who are physically present.
It's only a matter of time, some say, before factory controls migrate to Google Glass, the wearable displays mounted in eyeglass frames, or smart wristwatches. Cont'd...
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Factory Automation - Featured Product
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