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Teradyne robotics group lays off 10% of global staff

Robotics Business Review

UR and MiR consolidated R&D facilities and headquarters in 2024. Source: Universal Robots Economic uncertainty has taken a toll on the robotics industry, including leading vendors. “In 2024, we combined UR and MiR operations into a unified robotics operations group.” Teradyne Inc.’s based company.

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Rockwell Automation adds NVIDIA Omniverse to digital twin software

Robotics Business Review

Source: Rockwell Automation Rockwell Automation is integrating NVIDIA Omniverse application programming interfaces (APIs) into its Emulate3D digital twin software. based company employs 27,000 people in more than 100 countries as of fiscal year-end 2024. The Milwaukee, Wis.-based

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Serve Robotics raises $86M for last-mile delivery expansion

Robotics Business Review

Source: Serve Robotics Serve Robotics Inc. today said it secured $86 million in December, bringing its total gross proceeds raised in 2024 to $167 million. The additional December 2024 funding includes proceeds raised through the company s previously filed ATM facility and the exercise of warrants. The Redwood City, Calif.-based

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Symbotic brings in $424M in Q2 2024

Robotics Business Review

Source: Symbotic Symbotic Inc. yesterday announced its financial results for the second quarter of 2024, which ended March 30. ” The company said it applies high-density storage and machine learning to help retail, wholesale, and food and beverage companies. Wilmington, Mass.-based

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IN THE NEWS with Fastener News Desk the Week of November 4, 2024

Fastener News Desk

Reporting the latest news making headlines the week of November 4, 2024. Manufacturing PMI® at 46.5%; October 2024 Manufacturing ISM® Report On Business® NEFCO announced the acquisition of Sheinberg Tool Co., Their largest acquisition to date and marks their tenth acquisition since 2022 and the fourth in 2024. down from 47.2

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CIIF 2024 shows major robotics trends in China

Robotics Business Review

and higher to be used in more palletizing applications within industries such as chemicals, food and beverage, as well as warehousing and logistics. On September 25, 2024, Gree Intelligent Equipment and Universal Robots officially signed a strategic cooperation agreement in Zhuhai to establish a strategic partnership.

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UR survey shows 48% of manufacturers plan to invest in AI

Robotics Business Review

Source: Universal Robots The artificial intelligence market is projected to reach $407 billion by 2027, with an annual growth rate of 37.3%, according to Forbes. They came from various industries, primarily manufacturing, healthcare, food and beverage, and automotive. 16 and 17 in Santa Clara, Calif. Register now.