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AMSL Aero draw further investment from IP Group to develop VTOL aircraft

Manufacturer's Monthly

Compared to standard aircraft, the Vertiia needs fewer parts and uses cheaper low-emissions energy sources. IP Group then invested in AMSL’s first funding round in 2019 and in further rounds as the company has grown. The Vertiia takes off like a helicopter before changing to fly like a plane, which is a more efficient way of flying.

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U.S. automotive industry increased robot installations by 10% in 2024

Robotics Business Review

Source: FANUC America The latest numbers of the International Federation of Robotics (IFR’s) show automakers in the U.S. Source: IFR China also has strong automation in the automotive industry Within the four countries producing the most robots, the IFR said Chinese manufacturers are the most dynamic.

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Cornerstone Robotics brings in $70M to scale Sentire endoscopic system globally

Robotics Business Review

Source: Cornerstone Robotics Cornerstone Robotics Ltd., ” Founded in 2019, Cornerstone has offices in Hong Kong and the Greater Bay Area. The Sentire system features lightweight surgeon side arms, tremor filtration, and motion-control techniques to aid complex surgeries in confined spaces.

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ABB plans to spin off its robotics division

Robotics Business Review

Source: ABB One of world’s top industrial automation providers is becoming more independent. Source: ABB ABB Robotics is global No. The company cited the “ABB Way” decentralized business model, under which “ABB Robotics has proven its double-digit margin resilience in most quarters since 2019.”

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FANUC America opens new $110M robotics and automation campus in Michigan

Robotics Business Review

Source: FANUC America FANUC America Corp. Robot maker invests in North American production Since 2019, FANUC has invested more than $187 million, including a 461,000-sq.-ft. m) North Campus facility in 2019, and new headquarters in Mexico and Canada in 2023. “We today officially unveiled its 650,000-sq.-ft. 60,386-sq.-m)

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CynLr raises Series A funding to realize robot vision for ‘universal factory’

Robotics Business Review

Source: CynLr CynLr, or Cybernetics Laboratory, today said it has raised $10 million in Series A funding. Gokul NA and Nikhil Ramaswamy founded CynLr in 2019. Source: CynLr CynLr to expand staff, production, and ‘object store’ CynLr plans to expand its 60-member core team into a 120-member global team. million. .

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AFIXX Alliance & Crossroad Distributor Source Team Up at the International Fastener Expo

Fastener News Desk

Afixx Alliance and Crossroad Distributor Source will once again be teaming up at the International Fastener Expo in Las Vegas on October 18-19, 2022, featuring our BackYard Bash. AFIXX | Crossroad Distributor Source | Past Best Booth Awards: . 2019 Best Booth Award – Best Booth Award. Press Release. Contact: Kendal Speer.