UBTECH Robotics Announces Largest Artificial Intelligence Funding in History

$820 Million in Series C Investment Values Company at $5 Billion, Catapulting UBTECH to Worlds Most Valuable Consumer Robotics Company

Sony backs Acutronic Robotics' hardware robot operating system

Darrell Etherington for TechCrunch: Acutronic was set up in 2016, and offers a way to allow components combine in new robotics systems easily with ready-made compliance with industry and commercial standards for easy deployment.

Chrysalix partners with Dutch RoboValley on €100 million robotics fund

Terry Dawes for Cantech Letter:  Vancouver-based Chrysalix Venture Capital has announced a €100 million fund aimed at driving the global robotics revolution, in partnership withRoboValley, a centre for robotics commercialization based at the Delft University of Technology in the Netherlands. The RoboValley Fund is Chrysalix’s first robotics fund, and will concentrate on disbursing seed and Series A rounds of funding to early-stage companies developing component technology, intelligent software, and other breakthrough robotics technologies. “Robotics is predicted to be the next big step in the digital revolution having an unprecedented impact on the way that we live, and provides an answer to some of the grand challenges of the 21st Century,” said RoboValley managing director Arie van den Ende. “Together with Chrysalix long-standing expertise in commercializing early stage industrial innovations, the RoboValley Fund will bring much needed capital and accelerated paths to market for our most promising next generation robotics technologies.”   Cont'd...

May Fundings, Acquisitions, IPOs and New Funds

May was another big month of money flowing into robotic ventures. But May was even bigger in launching new robotics-focused venture funding groups.

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ST Robotics Develops the Workspace Sentry for Collaborative Robotics

ST Robotics Develops the Workspace Sentry for Collaborative Robotics

The ST Robotics Workspace Sentry robot and area safety system are based on a small module that sends an infrared beam across the workspace. If the user puts his hand (or any other object) in the workspace, the robot stops using programmable emergency deceleration. Each module has three beams at different angles and the distance a beam reaches is adjustable. Two or more modules can be daisy chained to watch a wider area. "A robot that is tuned to stop on impact may not be safe. Robots where the trip torque can be set at low thresholds are too slow for any practical industrial application. The best system is where the work area has proximity detectors so the robot stops before impact and that is the approach ST Robotics has taken," states President and CEO of ST Robotics David Sands.