In her keynote at the European Robotics Forum (ERF), Nicole Clement, Chief Business Unit Leader for Advanced Automation Solutions at Comau, outlined the evolving landscape of industrial automation and the future of robotics. Clement emphasized the shifting demands in various industries and the critical role of innovative automation solutions in addressing these changes.
robotics
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Ken Fleming, CEO of Fizyr, has been named as one of the recipients of this year’s Pros to Know award by Supply & Demand Chain Executive. This recognition is given to executives who have demonstrated outstanding achievement in leveraging supply chain for competitive advantage, and Fleming has been acknowledged in the Lifetime Achievement category. The award announcement comes shortly before MODEX Atlanta.
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Bots & BusinessInternational
UK Robotics and AI company expands into the North American logistics market
AI and robotics company Dexory has announced plans to expand into the North American market. This move is aimed at addressing the evolving needs of the logistics and warehousing sector, where demands for quicker turnaround times and improved efficiency are growing. Dexory’s technology, which includes autonomous robots and the AI-powered DexoryView platform, is designed to enhance visibility and efficiency in warehouse operations.
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Playground Global announced that it has raised $410 million in new capital, bringing the firm’s assets under management to more than $1.2 billion. Playground Global is an early-stage, deep-tech venture firm investing in transformative technologies and founders building category-defining businesses. Similar to Fund II, capital deployments in Fund III will focus on Seed and Series A companies with initial investments ranging from $1 million to $20 million across next-gen computing, logistics, automation, infrastructure, decarbonization, and engineered biology.
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Paderborn-based start-up Unchained Robotics has received €5.5 million of capital which will continue to fuel their global expansion and deepen their services and partnerships. Future Industry Ventures, Teklas Ventures, vent.io, and existing investors including business angels in the industry are backing the company. Unchained Robotics aims to use the investment to expand its sales and services, and to serve the booming demand for its new MalocherBot into a wider range of applications.
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The global automotive manufacturing equipment market is poised for substantial growth, with the market size estimated to expand from USD 6.7 billion in 2023 to USD 11.4 billion by 2028, at an impressive CAGR of 11.1% during the forecast period from 2023 to 2028. This growth is driven by multiple factors, including the rising demand for automobiles, especially in emerging markets, prompting manufacturers to expand their production capabilities.
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Teradyne has named Ujjwal Kumar as Group President – Teradyne Robotics. Kumar’s 25-year career has spanned multiple industries and major multi-national corporations, including General Motors, General Electric, and Honeywell. Kumar succeeds Greg Smith who was promoted to Teradyne’s CEO in February this year.
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This year’s Odense Investor Summit held at automatica, the world’s leading smart automation and robotics exhibition in Munich, showcased the potential future of the robotics industry with nine strong cases vying for recognition. After an intensive pitch process and questioning from an expert panel, Aim Robotics emerged as the winners of the 2023 Odense Investor Summit.
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Denmark and the United States are reaching across the Atlantic to foster mutual growth in the burgeoning robotics industry. The partnership, announced at the automatica trade fair in Munich, between Odense Robotics, Denmark’s national robotics cluster, and the Pittsburgh Robotics Network, a key hub in the US, is designed to bolster both nations’ standing in the sector.
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Roberta Nelson Shea, Universal Robot’s Global Technical Compliance Officer, has received the the world’s most prestigious robotics prize, the Joseph F. Engelberger Robotics Award, often described as the Nobel Prize of robotics. She received the award at a ceremony at the Automate Show in Detroit.