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a humanoid robot and embodied artificial intelligence developer, this week said it has closed an oversubscribed pre-seed funding round, raising $27 million. The Houston-based company plans to use the investment to accelerate development and deployment of its platform, which is engineered for tasks in shipbuilding and manufacturing.
Move Digital plans to expand from AI and blockchain into robotics. a developer of artificial intelligence and blockchain technologies, this week announced its strategic expansion into the field of roboticsmanufacturing. billion by 2032, projected Benchmark International. Source: Adobe Stock Move Digital Ltd.,
. | Source: Vention Vention launched its first turnkey robot for sanding. The company said it developed the product due to growing demand for robot workcells for sanding applications, especially in cabinet making. This is a collaborative robot ( cobot ) with advanced safety features for working alongside humans. million in 2023.
The global market for space robotics is forecast to exceed revenues of $7 billion by 2032 with a projected compound annual growth rate of 9 percent over 2023-2032, according to a report by Global Market Insights. The market growth is due to the rapid expansion of the electronic chip manufacturing industry globally.
The humanoid robot market could experience a boom, with projections indicating a substantial and sustained increase over the next decade. Source: Freudenberg Sealing Technologies Industrial robots have become indispensable in modern manufacturing, performing tasks with precision, speed, and efficiency. billion U.S.
Robotic process automation insights. The demand is increasing for robotic process automation in healthcare, as robotic process automation can mimic human interaction. The demand, according to Future Market Insights, will lead to substantial growth over the next decade, projecting to reach almost $70 billion by 2032.
CaPow’s Power-in-Motion charging system has a double-boost effect, so when a robot moves over the charging antennas, it both powers the robot and charges its energy source. CaPow said its technology delivers wireless power, enabling mobile robots unique operation without a traditional battery onboard.
Senior executives from NVIDIA, Siemens, and Teradyne Robotics gathered this week in Odense, Denmark, to mark the launch of Teradyne Robotics’ new headquarters and discuss the advances coming to the robotics industry. billion by 2032 at an annual growth rate of more than 37%, according to Statzon.
Today, farm-ng said it has completed its Series A funding round, raising more than $10 million to further develop the Amiga robot for agriculture. based farm-ng said its modular electric robot and onboard AI computer are intended to be affordable and adaptable, helping small to midsize farms be more productive, profitable, and sustainable.
The global packaging robots market is valued at US$ 3.8 billion by the end of 2032 and is forecasted to expand at a robust CAGR of 7% from 2022 to 2032, as per data released by Fact.MR, a market research and competitive intelligence provider. They come in different robot sizes, payloads, reaches, and mounting configurations.
The 2023-24 Queensland State Budget also includes the following highlights : A total of $86 million is being invested to revitalise and upgrade training infrastructure to deliver key projects such as: the Eagle Farm Robotics and Advanced Manufacturing Centre. Queensland Workforce Strategy 2022-2032. million in 2023-24.
The Queensland government has launched a new $142 million Advance Queensland – Innovation for a Future Economy 2022-2032 roadmap. . Innovation minister Stirling Hinchliffe said Advance Queensland’s investment in entrepreneurship was important for building legacy from the 2032 Games. . For more information visit [link] .
Collaborative robot market insights Collaborative robot market penetration to surpass 20% by 2032. collaborative robot market will take a while longer. Universal Robots retains the lion’s share of the global cobot market. Out to 2027, shipments of collaborative robots in EMEA will decrease from 19.5%
Collaborative robots, also commonly known as cobots, refer to robots that work side-by-side with human operators. Unlike industrial robots that are separated from human operators, cobots share the same working space as humans. or industrial robots. What Are the Pros and Cons of Cooperative Robots, and Why?
Robotics and automation have significantly revolutionized how people work and live across a number of industries. With the increasing likelihood of a global economic recession in 2023, many industries are struggling with increasing manufacturing cost, such as labor and raw material costs, and maintaining their profit margins.
The aircraft could also be used to transport athletes around Queensland during the Brisbane Olympics in 2032. QUT project lead associate professor Geoff Walker, for the School of Electrical Engineering and Robotics, said, “fuel cells and similar technologies at the heart of hydrogen electric propulsion systems are still evolving.
Delta, a global leader in power management and a provider of IoT-based smart green solutions, announced today a major milestone for its D-Bot Series Collaborative Robots (Cobots) as they have been honoured with the prestigious 2025 German Design Award in the category of Excellent Product Design. With an impressive accuracy of 0.02
A growing number of organizations are utilizing Robots as a Service (RaaS), due to attractive financing programs, which are enabling the use of scalable robotic automation. Photo courtesy of Path Robotics. Having a good grasp on these strategic factors is often the doorway to knowing which type of robot or work cell to select.
billion by 2032, up from $5.9 By 2032, the market is expected to be worth $39.61 These smart gadgets are utilized for a variety of tasks, such as autonomous driving, smart farming, smart metering, and robot-assisted surgery. Edge AI market insights The edge AI market is projected to grow at a CAGR of 20.8%, reaching $39.61
Marco Del Favero, EIoT Sales Manager Italy at Advantech Europe, adds: “ Advantech will showcase its expertise at SPS Italia by leveraging the experiences and skills of its European Design & Manufacturing Services (DMS) Competence and Development Centre located in Germering, Munich.
Bundy Group’s attendance at, and involvement with, such conferences as Control System Integrators Association, Automate and the International Manufacturing Technology Show. Accelevation is a vertically integrated group of manufacturing companies serving the data center, electric vehicle and robotic markets. Learn more.
.–( BUSINESS WIRE )– IperionX Limited (NASDAQ: IPX, ASX: IPX) and Vegas Fastener Manufacturing, LLC (Vegas Fastener) have agreed to partner to develop and manufacture titanium alloy fasteners and precision components with IperionX’s advanced titanium products. Pender, Associate Director U.S.
With its high throughput and ultralow latency, 5G can tap into a variety of high-value areas such as 3D robotic control, digital twin, remote medical control, and so on that previous mobile communication technologies could not, hence opening up an entirely new market potential. Today Magazine.
Modern robotics has come a long way since the 1960s. We’ve created robots accurate enough to work on a production line and safe enough to maneuver around a facility floor. In these locations, the robotics charging challenges become more pronounced. Perhaps the most pressing problem of all is how to charge those robots.
How will emerging tech giants impact traditional surgical equipment manufacturers, and what strategies can established players adopt to stay competitive? Medtronic: A global leader in medical technology, Medtronic is investing heavily in AI and robotic surgery systems to improve surgical procedures and patient care.
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