15 European robotics startups to watch

RobotUnion, which claims to be the first pan-European acceleration program fully focused on robotics, announced the winners of its second open call for robotics startups. The winners of up to €223,000 ($250,000 U.S.) in equity-free funding each were announced earlier this month.

The jury consisted of investors such as Fundingbox and Chrysalix Venture Capital, as well as technical experts from institutes such as the VTT Technical Research Centre of Finland, the Danish Technological Institute, and TU Delft (from the Netherlands).

In addition to the funding, mentors from Google, Airbnb, Ikea, Yahoo, Microsoft and other companies will be made available. Ten startups will gain access to technical support from European robotics experts and business-acceleration services.

The robotics startups selected by RobotUnion are now participating in a 14-month acceleration process. In the initial two-month feasibility phase, the startups must define a plan specifying the technical and market potential of their robotics systems. They will present these plans at a Welcome Camp in Odense, Denmark, on Oct. 2 and 3, 2019.

Below, in alphabetical order, are 15 of the European robotics startups selected by RobotUnion. Several startups were excluded from this recap, including additive manufacturing companies and manufacturing companies that use robots, as they don’t fit The Robot Report‘s definition of a robotics company. Check out the full list here.

Aether Biomedical

Aether Biomedical, a Poland-based startup founded in 2016, is developing Zeus is a low-cost, high-efficacy prosthesis. This bionic limb has 14 grip modes, five individually motorized articulating digits, closed loop motor control to sense finger position and applied force for proportional control and much more. Zeus uses EMG electrodes for advanced signal processing and to provide wireless gain adjustment. The sensitivity and smoothness of the signal can also be manipulated.

Automato Robotics

Founded in 2018, Tel Aviv, Israel-based Automato Robotics is developing a robot for harvesting fresh tomatoes, primarily in passive greenhouses. The company says its “focus is on single (not vine) tomatoes, grown in soil greenhouses/high-tunnels. The robot, which you can watch in the video above, can currently carry 90kg directly on the robot or tow much heavier loads.

Axiles Bionics

Belgium-based Axiles Bionics is developing the AMP-Foot, a prosthetic ankle-foot prosthesis. The company says the prosthesis is capable of bringing back a natural gait and posture during daily life activities, being flexible and highly responsive to the person’s intention and to the environment.

Cyber Surgery

Cyber Surgery develops a robotic system for spinal procedures. Founded in 2017, Cyber Surgery is a spin-off from the industrial group Egile and has its headquarters in San Sebastian (Spain).

Formhand

Formhand is a German company founded in 2018 that makes granulate-based vacuum grippers that can adapt to and handle objects with different shapes. The Formhand grippers feature a modular design that the company says makes it easy to scale the technology.

IM Systems

IM Systems (IMS), which spoke at the Robotics Summit & Expo 2019 (produced by The Robot Report), is developing the Archimedes drive, a planetary transmission that uses friction instead of gear teeth to transmit torque. Founded in 2016 in Delft, The Netherlands, IMS won Automate’s Launch Pad Startup Competition.

Invented by IMS founder and CEO Jack Schorsch, the company claims the Archimedes Drive offers low-input friction, minimal backlash and ratios of 10,000:1. IMS is targeting the drive at robotics companies, but it could have other applications.

IntSite

Israeli startup IntSite, founded in 2017 by brothers Tzach and Mor Ram-On, is developing autonomous cranes. The company’s computer vision technology analyzes camera feeds in real time for obstacles avoidance. And its automated controls improve the cranes’ precision by as much as 30 percent.

IntSite raised a $1.35 million pre-seed round in September 2018 that was led by Terra Venture Partners and the Israel Innovation Authority.

Kinfinity

German startup Kinfinity is developing the Kinfinity Glove, a new generation of multi-modal input device for use in various applications, including robotics. In the video above from the 2018 World Robot Conference, you see the Kinfinity Glove being used to control a robotic arm.

Life Science Robotics

Danish robotics startup Life Science Robotics is building ROBERT, a rehabilitation robot focusing on active resistive and assistive mobilization of the lower extremities. The idea is to use a KUKA LBR iiwa collaborative robot arm to release healthcare workers of heavy and continuous lifting, which can cause physical strain and pain in the back, loin, wrists and shoulders.

ROBERT is also beneficial to the patients, the company says, because it can prevent soft tissue contracture and pressure sores, minimize risk of blood clots and pneumonia and reduce muscular atrophy and neuropathic effects.

LuxAI

Luxembourg-based LuxAI is developing the QTrobot, which is a proactive social robot designed to assist autism professionals in helping children with autism spectrum disorder to learn new social, emotional and communicational skills. There is a version of the QTrobot for researchers, too. The company says a home edition of QTrobot will be available for the parents soon.

Proxima Centauri

Denmark-based Proxima Centauri is automating the picking and sorting of sausage casings. The company says sausage casings need to be sorted according to their diameter to produce consistent sausages. Manual sorting is an expensive process, which resulted in the casings being shipped to low-wage countries to reduce labor costs. Automating this process, the company says, will reduce processing time and improve the traceability and quality of the product.

Rigitech

Rigitech is a Swiss startup offering improved logistics through cargo drone delivery. Its drones combine vertical takeoff and landing technology with fixed wing range capabilities. The drones can carry up to 3kg, which it says represents more than 80% of parcels shipped today, with a 4km flight range on one battery. Rigitech says its applications include e-commerce, healthcare, humanitarian efforts and more.

Robotical

UK-based Robotical is the maker of Marty the Robot, which is designed to teach kids how to code. Marty comes as a kit or pre-built. Marty is Wi-Fi enabled and has 9 individually controllable servo motors. You can use an app to remote control Marty and add a bunch of sensors to react to the environment. Marty can be programmed using Scratch, Python, Javascript and ROS.

Rovenso

Founded in 2016, Swiss company Rovenso makes an autonomous mobile robot called ROVéo for security applications. Combining 3D laser scanning, night vision, thermal vision and acoustic analysis, ROVéo uses multi-modal sensor fusion to detects the slightest anomalies. And based on patented technology, ROVéo can tackle rough terrain and climb stairs by adapting to their shape.

Scaled Robotics

Spain-based Scaled Robotics builds mobile robots that navigate construction sites to collect 3D maps. These maps are uploaded to the cloud to track the progress of a job and the quality of the construction to find potential mistakes.

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Freedom Robotics raises seed funding for robotics dev tools, fleet controls

Freedom Robotics fleet management

RMS enables fleet management and troubleshooting. Source: Freedom Robotics

SAN FRANCISCO — Freedom Robotics Inc. today announced that it has closed a $6.6 million seed round. The company provides a cloud-based software development infrastructure for managing fleets of robots.

Freedom Robotics cited a study by the World Economic Forum stating that, by 2025, machines will perform more tasks than humans, creating 58 million jobs worldwide. The company plans to use its funding to build its team and technology.

Freedom Robotics claimed that robotics startups can get their products to market 10 times faster by using its tools to do the “undifferentiated heavy lifting” rather than devoting employees to developing a full software stack. The company said its platform-agnostic Robotics Management Software (RMS) provides the “building blocks” for prototyping, building, operating, and scaling robot fleets.

Freedom Robotics builds RMS for developers

“We’ve seen that robotics is hard,” observed Dimitri Onistsuk, co-founder of Freedom Robotics. “In sixth grade, I wrote a letter to myself saying that I would go to MIT, drop out, and found a company that would change the world.”

Onistsuk did go to MIT, drop out, and draw on his experiences with Hans Lee and Joshua Wilson, now chief technology officer and CEO, respectively, at Freedom Robotics.

“We had been building things together before there was a cloud,” recalled Onistsuk. “Now in robotics, very few people have the ability to build a full stack.”

“We see robotics developers who have wonderful applications, like caring for the elderly; transportation; or dull, dirty, and dangerous work,” he said. “Everyone agrees on the value of this area, but they don’t realize the complexity of day-to-day iteration, which requires many engineers and a lot of infrastructure for support.”

“Robotics is like the Web in 2002, where everyone who wants to make an attempt has to raise $10 million and get expert talent in things like computer vision, mechatronics, systems integration, and ROS,” Onistsuk told The Robot Report. “It costs a lot of money to try even once to get a product to market.”

“We’ve combined layers of distinct software services by bringing modern software-development techniques into robotics, which traditionally had a hardware focus,” he said. “You can use one or many — whatever you have to do to scale.”

‘AWS for robots’

Freedom Robotics said that its cloud-based tools can be installed with just a single line of code, and its real-time visualization tools combine robotics management and analysis capabilities that were previously scattered across systems.

“Developers are always trying to improve their processes and learn new things,” said Onistsuk. “Amazon Web Services allows you to bring up a computer with a single line of code. We spent most of the first six months as a company figuring out how to do that for robots. We even bought the domain name ’90 seconds to go.'”

“You can drop in one line of code and immediately see real-time telemetry and have a cloud link to a robot from anywhere in the world,” he said. “Normally, when you want to adopt new components and are just trying to build a robot where the components talk to one another, that can take months.”

“During one on-boarding call, a customer was able to see within two minutes real-time telemetry from robots,” Onistsuk said. “They had never seen sensor-log and live-streaming data together. They thought the video was stuttering, but then an engineer noticed an error in a robot running production software. The bug had already been pushed out to customers. They never had the tools before to see all data in one place in developer-friendly ways.”

“That is the experience we’re getting when building software alongside the people who build robots,” he said. “With faster feedback loops, companies can iterate 10 times faster and move developers to other projects.”

https://www.freedomrobotics.ai/careers

Freedom Robotics’ RMS combines robotics tools to help developers and robotics managers. Source: Freedom Robotics

The same tools for development, management

Onistsuk said that his and Lee’s experience led them to follow standard software-development practices. “Some truths are real — for your core infrastructure, you shouldn’t have to own computers — our software is cloud-based for that reason,” he said.

“We stand on the shoulders of giants and practice what we preach,” Onistsuk asserted. “Pieces of our underlying infrastructure run on standard clouds, and we follow standard ways of building them.”

He said that not only does Freedom Robotics offer standardized development tools; it also uses them to build its RMS.

“With a little thought, for anything that you want to do with our product, you have access to the API calls across the entire fleet,” said Onistsuk. “We used the same APIs to build the product as you would use to run it.”

Freedom Robotics resource monitoring

Resource monitoring with RMS. Source: Freedom Robotics

Investors and interoperability

Initialized Capital led the funding round, with participation from Toyota AI Ventures, Green Cow Venture Capital, Joe Montana’s Liquid 2 Ventures, S28 Capital partner Andrew Miklas, and James Lindenbaum. They joined existing investors Kevin Mahaffey, Justin Kan, Matt Brezina, Arianna Simpson, and Josh Buckley.

“We’ll soon reach a point when there are more robots than cell phones, and we’ll need the ‘Microsoft of robotics’ platform to power such a massive market,” said Garry Tan, managing partner at Initialized Capital, which has backed companies such as Instacart, Coinbase, and Cruise.

“Cloud learning will be a game-changer for robotics, allowing the experience of one robot to be ‘taught’ to the rest on the network. We’ve been looking for startups with the technology and market savvy to realize this cloud robotics future through fleet management, control, and analytics,” said Jim Adler, founding managing director at Toyota AI Ventures. “We were impressed with Freedom Robotics’ customer-first, comprehensive approach to managing and controlling fleets of robots and look forward to supporting the Freedom team as they make cloud robotics a market reality.”

“We found out about Toyota AI Ventures through its Twitter account,” said Onistsuk. “We got some referrals and went and met with them. As the founder of multiple companies, Jim [Adler] understood us in a way that industry-specific VCs couldn’t. He got our experience in robotics, building teams, and data analytics.”

What about competing robotics development platforms? “We realized from Day 1 that we shouldn’t be fighting,” Onistsuk replied. “We’re fully integrated with the cloud offerings of Amazon, Google, and Microsoft, as well as ROS. We have drop-in compatibility.”

“What we’re trying to power with that is allowing developers to build things that differentiate their products and services and win customers,” he added. “This is similar to our cloud-based strategy. We try to be hardware-agnostic. We want RMS to work out of the box with as many tools and pieces of hardware as possible so that people can try things rapidly.”

Freedom Robotics raises seed funding for robotic dev tools, fleet controls

The Freedom Robotics team has raised seed funding. Source: Freedom Robotics

Hardware gets commoditized

“Hardware is getting commoditized and driving market opportunity,” said Onistsuk. “For instance, desktop compute is only $100 — not just Raspberry Pi, but x86 — you can buy a real computer running a full operating system.”

“Sensors are getting cheaper thanks to phones, and 3D printing will affect actuators. NVIDIA is putting AI into a small, low-power form factor,” he added. “With cheaper components, we’re looking for $5,000 robot arms rather than $500,000 arms, and lots of delivery companies are looking to make a vehicle autonomous and operating at a price point that’s competitive.”

“Companies can use RMS to build their next robots as a service [RaaS], and we’ve worked with everything from the largest entertainment companies to sidewalk delivery startups and multibillion-dollar delivery companies,” Onistsuk said. “Freedom Robotics is about democratizing robotics development and removing barriers to entry so that two guys in a garage can scale out to a business because of demand. The dreams of people with real needs in robotics will cause the next wave of innovation.”

“Software infrastructure is hard to do — we take what many developers consider boring so that they can sell robots into businesses or the home that get better over time,” he said.

Freedom Robotics logo

‘Inspiring’ feedback

Customer feedback so far has been “overwhelmingly inspiring,” said Onistsuk. “The best moments are getting an e-mail from a customer saying, ‘We’re using your product, and we thought we didn’t want some login or alerting plug-in. We have a demo tomorrow, and it would take four months to build it, but you can do it.'”

“We’ve seen from our interactions that the latest generation of robotics developers has different expectations,” he said. “We’re seeing them ‘skating to where the puck is,’ iterating quickly to build tools and services around our roadmap.”

“The RMS is not just used by developers,” Onistsuk said. “Development, operations, and business teams can find and solve problems in a collaborative way with the visualization tool. We can support teams managing multiple robots with just a tablet, and it integrates with Slack.”

“We can go from high-level data down to CPU utilization,” Lee said. “With one click, you can get a replay of GPS and telemetry data and see every robot with an error. Each section is usually one engineer’s responsibility.”

“A lot of times, people develop robots for university research or an application, but how does the robot perform in the field when it’s in a ditch?” said Lee. “We can enable developers to make sure robots perform better and safer.”

Freedom Robotics is currently being used in industries including agriculture, manufacturing, logistics, and restaurants, among others.

“This is similar to getting dev done in minutes, not months, and it could speed up the entire robotics industry,” Onistsuk added. “Investors are just as excited about the team, scaling the business, and new customers as I am.”

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Cowen, MassRobotics collaborating on robotics & AI research


Cowen Inc. and MassRobotics today announced a collaboration to bring together their extensive market knowledge to advance research into the emerging robotics and artificial intelligence industry. Based in the Boston area, MassRobotics is a global hub for robotics, and the collective work of a group of engineers, rocket scientists, and entrepreneurs focused on the needs of the robotics community.

MassRobotics is the strategic partner of the Robotics Summit & Expo, which is produced by The Robot Report.

“The robotics and artificial intelligence industry is a rapidly expanding market, and one that will define the advancement of manufacturing and services on a global basis. We are thrilled to be partnering with such an innovative collective in MassRobotics, which was established through a shared vision of advancing the robotics industry,” said Jeffrey M. Solomon, Chief Executive Officer of Cowen. “Cowen has dedicated substantial time into the research of robotics and AI and we look forward to sharing our knowledge and capital markets expertise to support the emerging growth companies associated with MassRobotics.”

MassRoboticsRelated: MassRobotics, SICK partner to assist robotics startups

Fady Saad, Co-founder and Director of Partnerships of MassRobotics, added, “Cowen has a proven track record of delivering in-depth research across sectors, which allows them to understand the dynamic flow of the markets and provide capital to support emerging companies. Collectively we bring together the best of market research and industry knowledge in an effort to advance robotics and provide companies with opportunities for growth.”

About Cowen Inc.

Cowen Inc. is a diversified financial services firm that operates through two business segments: a broker dealer and an investment management division. The Company’s broker dealer division offers investment banking services, equity and credit research, sales and trading, prime brokerage, global clearing and commission management services. Cowen’s investment management segment offers actively managed alternative investment products. Cowen Inc. focuses on delivering value-added capabilities to our clients in order to help them outperform. Founded in 1918, the firm is headquartered in New York and has offices worldwide. Learn more at Cowen.com

About MassRobotics

MassRobotics is the collective work of a group of Boston-area engineers, rocket scientists, and entrepreneurs. With a shared vision to create an innovation hub and startup cluster focused on the needs of the robotics community, MassRobotics was born. MassRobotics’ mission is to help create and scale the next generation of successful robotics and connected device companies by providing entrepreneurs and innovative robotics/automation startups with the workspace and resources they need to develop, prototype, test, and commercialize their products and solutions.

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Elephant Robotics’ Catbot designed to be a smaller, easier to use cobot


Small and midsize enterprises are just beginning to benefit from collaborative robot arms or cobots, which are intended to be safer and easier to use than their industrial cousins. However, high costs and the difficulty of customization are still barriers to adoption. Elephant Robotics this week announced its Catbot, which it described as an “all in one safe robotic assistant.”

The cobot has six degrees of freedom, has a 600mm (23.6 in.) reach, and weighs 18kg (39.68 lb.). It has a payload capacity of 5kg (11 lb.). Elephant Robotics tested Catbot in accordance with international safety standards EN ISO 13848:2008 PL d and 10218-1: 2011-Clause 5.4.3 for human-machine interaction. A teach pendant and a power box are optional with Catbot.

Elephant Robotics CEO Joey Song studied in Australia. Upon returning home, he said, he “wanted to create a smaller in size robot that will be safe to operate and easy to program for any business owner with just a few keystrokes.”

Song founded Elephant Robotics in 2016 in Shenzhen, China, also known as “the Silicon Valley of Asia.” It joined the HAX incubator and received seed funding from Princeton, N.J.-based venture capital firm SOSV.

Song stated that he is committed in making human-robot collaboration accessible to any small business by eliminating the limitations of high price or requirements for highly skilled programming. Elephant Robotics also makes the Elephant and Panda series cobots for precise industrial automation.

Catbot includes voice controls

Repetitive tasks can lead to boredom, accidents, and poor productivity and quality, noted Elephant Robotics. Its cobots are intended to free human workers to be more creative. The company added that Catbot can save on costs and increase workloads.

Controlling robots, even collaborative robots, can be difficult. This is even harder for robots that need to be precise and safe. Elephant Robotics cited Facebook’s new PyRobot framework as an example of efforts to simplify robotic commands.

Catbot is built on an open platform so developers can share the skills they’ve developed, allowing others to use them or build on top of them.

Elephant Robotics claimed that it has made Catbot smarter and safer than other collaborative robots, offering “high efficiency and flexibility to various industries.” It includes force sensing and voice-command functions.

In addition, Catbot has an “all-in-one” design, cloud-based programming, and quick tool changing.

The catStore virtual shop offers a set of 20 basic skills. Elephant Robotics said that new skills could be developed for specific businesses, and they can be shared with other users on its open platform.

Elephant Robotics' Catbot designed to be a smaller, easier to use cobot

Catbot is designed to provide automated assistance to people in a variety of SMEs. Source: Elephant Robotics

Application areas

Elephant Robotics said its cobots are suitable for assembly, packaging, pick-and-place, and testing tasks, among others. Its arms work with a variety of end effectors. To increase its flexibility, the company said, Catbot is designed to be easy to program, from high-precision tasks to covering “hefty ground projects.”

According to Elephant Robotics, the Catbot can used for painting, photography, and giving massages. It could also be a personal barista or play with humans in a table game. In addition, Catbot could act as a helping hand in research workshops or as an automatic screwdriver, said the company.

Elephant Robotics’ site said it serves the agricultural and food, automotive, consumer electronics, educational and research, household device, and machining markets.

Catbot is available now for preorder, with deliveries set to start in August 2019. Contact Elephant Robotics for more information on price or tech specifications at sales@elephantrobotics.com.

Techmetics introduces robot fleet to U.S. hotels and hospitals

Fleets of autonomous mobile robots have been growing in warehouses and the service industry. Singapore-based Techmetics has entered the U.S. market with ambitions to supply multiple markets, which it already does overseas.

The company last month launched two new lines of autonomous mobile robots. The Techi Butler is designed to serve hotel guests or hospital patients by interacting with them via a touchscreen or smartphone. It can deliver packages, room-service orders, and linens and towels.

The Techi Cart is intended to serve back-of-house services such as laundry rooms, kitchens, and housekeeping departments.

“Techmetics serves 10 different applications, including manufacturing, casinos, and small and midsize businesses,” said Mathan Muthupillai, founder and CEO of Techmetics. “We’re starting with just two in the U.S. — hospitality and healthcare.”

Building a base

Muthupillai founded Techmetics in Singapore in 2012. “We spent the first three years on research and development,” he told The Robot Report. “By the end of 2014, we started sending out solutions.”

“The R&D team didn’t just start with product development,” recalled Muthupillai. “We started with finding clients first, identified their pain points and expectations, and got feedback on what they needed.”

“A lot of other companies make a robotic base, but then they have to build a payload solution,” he said. “We started with a good robot base that we found and added our body, software layer, and interfaces. We didn’t want to build autonomous navigation from scratch.”

“Now, we’re just getting components — lasers, sensors, motors — and building everything ourselves,” he explained. “The navigation and flow-management software are created in-house. We’ve created our own proprietary software.”

“We have a range of products, all of which use 2-D SLAM [simultaneous localization and mapping], autonomous navigation, and many safety sensors,” Muthupillai added. “They come with three lasers — two vertical and one horizontal for path planning. We’re working on a 3-D-based navigation solution.”

“Our robots are based on ROS [the Robot Operating System],” said Muthupillai. “We’ve created a unique solution that comes with third-party interfaces.”

Techmetics offers multiple robot models for different industries.

Source: Techmetics

Techmetics payloads vary

The payload capacity of Techmetics’ robots depends on the application and accessories and ranges from 250 to 550 lb. (120 to 250 kg).

“The payload and software are based on the behavior patterns in an industry,” said Muthupillai. “In manufacturing or warehousing, people are used to working around robots, but in the service sector, there are new people all the time. The robot must respond to them — they may stay in its path or try to stop it.”

“When we started this company, there were few mobile robots for the manufacturing industry. They looked industrial and had relatively few safety features because they weren’t near people,” he said. “We changed the form factor for hospitality to be good-looking and safer.”

“When we talk with hotels about the Butler robots, they needed something that could go to multiple rooms,” Muthupillai explained. “Usually, staffers take two to three items in a single trip, so if a robot went to only one room and then returned, that would be a waste of time. Our robots have three compartment levels based on this feedback.”

Elevators posed a challenge for the Techi Butler and Techi Cart — not just for interoperability, but also for human-machine interaction, he said.

“Again, people working with robots didn’t share elevators with robots, but in hospitals and hotels, the robot needs to complete its job alongside people,” Muthupillai said. “After three years, we’re still modifying or adding functionalities, and the robots can take an elevator or go across to different buildings.”

“We’re not currently focusing on the supply chain industry, but we will license and launch the base into the market so that third parties can create their own solutions,” he said.

Techmetics' Techi Cart transports linens

Techi Cart transports linens and towels in a hotel or hospital. Source: Techmetics

Differentiators for Techi Butler and Cart

“We provide 10 robot models for four industries — no single company is a competitor for all our markets,” said Muthupillai. “We have three key differentiators.”

“First, customers can engage one vendor for multiple needs, and all of our robots can interact with one another,” he said. “Second, we talk with our clients and are always open to customization — for example, about compartment size — that other’s can’t do.”

“Third, we work across industries and can share our advantages across them,” Muthupillai claimed. “Since we already work with the healthcare industry, we already comply with safety and other regulations.”

“In hospitals or hotels, it’s not just about delivering a product from one point to another,” he said. “We’re adding camera and voice-recognition capabilities. If a robot sees a person who’s lost, it can help them.”

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Distribution and expansion

Techmetics’ mobile robots are manufactured in Thailand. According to Muthupillai, 80% of its robots are deployed in hotels and hospitals, and 20% are in manufacturing. The company already has distributors in Australia, Taiwan, and Thailand, and it is leveraging existing international clients for its expansion.

“We have many corporate clients in Singapore,” Muthupillai said. “The Las Vegas Sands Singapore has deployed 10 robots, and their headquarters in Las Vegas is considering deploying our products.”

“Also, U.K.-based Yotel has two hotels in Singapore, and its London branch is also interested,” he added. “The Miami Yotel is already using our robots, and soon they will be in San Francisco.”

Techmetics has three models for customers to choose from. The first is outright purchase, and the second is a two- or three-year lease. “The third model is innovative — they can try the robots from three to six months or one year and then buy,” Muthupillai said.

Muthupillai said he has moved to Techmetics’ branch office in the U.S. to manage its expansion. “We’ll be doing direct marketing in California, and we’re in the process of identifying partners, especially on the East Coast.”

“Only the theme, colors, or logos changed. No special modifications were necessary for the U.S. market,” he said. “We followed safety regulations overseas, but they were tied to U.S. regulations.”

“We will target the retail industry with a robot concierge, probably by the end of this year,” said Muthupillai. “We will eventually offer all 10 models in the U.S.”

Robotics investments recap: March 2019

CloudMinds was among the robotics companies receiving funding in March 2019.

CloudMinds was among the robotics companies receiving funding in March 2019. Source: CloudMinds

Investments in robots, autonomous vehicles, and related systems totaled at least $1.3 billion in March 2019, down from $4.3 billion in February. On the other hand, automation companies reported $7.8 billion in mergers and acquisitions last month. While that may represent a slowdown, note that many businesses did not specify the amounts involved in their transactions, of which there were at least 58 in March.

Self-driving cars and trucks — including machine learning and sensor technologies — continued to receive significant funding. Although Lyft’s initial public offering was not directly related to autonomous vehicles, it illustrates the investments flowing for transportation.

Other use cases represented in March 2019 included surgical robotics, industrial automation, and service robots. See the table below, which lists amounts in millions of dollars where they were available:

CompanyAmt. (M$)TypeLead investor, partner, acquirerDateTechnology
Airbiquity15investmentDenso Corp., Toyota Motor Corp., Toyota Tsushu Corp.March 12, 2019connected vehicles
AROMA BIT Inc.2.2Series ASony Innovation FundMarch 3, 2019olofactory sensors
AtomRobotSeries B1Y&R CapitalMarch 5, 2019industrial automation
Automata7.4Series AABB March 19, 2019robot arm
Avidbots23.6Series BTrue VenturesMarch 21, 2019commercial floor cleaning
BoranetSeries AGobi PartnersMarch 6, 2019IIoT, machine vision
Broadmann1711Series AOurCrowdMarch 6, 2019deep learning, autonomous vehicles
Cloudminds300investmentSoftBank Vision FundMarch 26, 2019service robots
Corindus4.8private placementMarch 12, 2019surgical robot
Determined AI11Series AGV (Google Ventures)March 13, 2019AI, deep learning
Emergen Group29Series BQiming Venture PartnersMarch 13, 2019industrial automation
Fabu Technologypre-Series AQingsong FundMarch 1, 2019autonomous vehicles
FortnarecapitalizationThomas H. Lee PArtners LPMarch 27, 2019materlais handling
ForwardX14.95Series BHupang Licheng FundMarch 21, 2019autonomous mobile robots
Gaussian Robotics14.9Series BGrand Flight InvestmentMarch 20, 2019cleaning
Hangzhou Guochen Robot Technology15Series AHongcheng Capital, Yingshi Fund (YS Investment) March 13, 2019robotics R&D
Hangzhou Jimu Technology Co.Series BFlyfot VenturesMarch 6, 2019autonomous vehicles
InnerSpace3.2seedBDC Capital's Women in Technology FundMarch 26, 2019IoT
Innoviz Technologies132Series CChina Merchants Capital, Shenzhen Capital Group, New Alliance CapitalMarch 26, 2019lidar
Intelligent MarkinginvestmentBenjamin CapitalMarch 6, 2019autonomous robots for marking sports fields
Kaarta Inc.6.5Series AGreenSoil Building Innovation FundMarch 21, 2019lidar mapping
Kolmostar Inc.10Series AMarch 5, 2019positioning technology
Linear Labs4.5seedScience Inc., Kindred VenturesMarch 26, 2019motors
MELCO Factory Automation Philippines Inc.2.38new divisionMitsubishi Electric Corp.March 12, 2019industrial automation
Monet Technologies4.51joint ventureHonda Motor Co., Hino Motors Ltd., SoftBank Corp., Toyota Motor CorpMarch 28, 2019self-driving cars
Ouster60investmentRunway Growth Capital, Silicon Valley BankMarch 25, 2019lidar
Pickle Robot Co.3.5equity saleMarch 4, 2019loading robot
Preteckt2seedLos Olas Venture CapitalMarch 26, 2019machine learning automotive
Radar16investmentSound Ventures, NTT Docomo Ventures, Align Ventures, Beanstalk Ventures, Colle Capital, Founders Fund Pathfinder, Novel TMTMarch 28, 2019RFID inventory management
Revvo (IntelliTire)4Series ANorwest Venture PartnersMarch 26, 2019smart tires
Shanghai Changren Information Technology14.89Series AMarch 15, 2019Xiaobao healthcare robot
TakeOff Technologies Inc.equity saleMarch 26, 2019grocery robots
TartanSense2seedOmnivore, Blume Ventures, BEENEXTMarch 11, 2019weeding robot
Teraki2.3investmentHorizon Ventures, American Family VenturesMarch 27, 2019AI, automotive electronics
Think Surgical134investmentMarch 11, 2019surgical robot
Titan Medical25IPOMarch 22, 2019surgical robotics
TMiRobSeries B+Shanghai Zhangjiang Torch Venture Capital March 26, 2019hospital robot
TOYO Automation Co.investmentYamaha Motor Co.March 20, 2019actuators
UbtechinvestmentLiangjiang CapitalMarch 6, 2019humanoid
Vintra4.8investmentBonfire Ventures, Vertex Ventures, London Venture PartnersMarch 11, 2019machine vision
Vtrus2.9investmentMarch 8, 2019drone inspection
Weltmeister Motor450Series CBaidu Inc.March 11, 2019self-driving cars

And here are the mergers and acquisitions:

March 2019 robotics acquisitions

CompanyAmt. (M$)AcquirerDateTechnology
Accelerated DynamicsAnimal Dynamics3/8/2019AI, drone swarms
Astori AS4Subsea3/19/2019undersea control systems
BrainlabSmith & Nephew3/12/2019surgical robot
Figure Eight175Appen Ltd.3/10/2019AI, machine learning
Floating Point FXCycloMedia3/7/2019machine vision, 3D modeling
Florida Turbine Technologies60Kratos Defense and Security Solutions3/1/2019drones
Infinity Augmented RealityAlibaba Group Holding Ltd.3/21/2019AR, machine vision
Integrated Device Technology Inc.6700Renesas3/30/2019self-driving vehicle processors
MedineeringBrainlab3/20/2019surgical
Modern Robotics Inc.0.97Boxlight Corp.3/14/2019STEM
OMNI Orthopaedics Inc.Corin Group3/6/2019surgical robotics
OrthoSpace Ltd.220Stryker Corp.3/14/2019surgical robotics
Osiris Therapeutics660Smith & Nephew3/12/2019surgical robotics
Restoration Robotics Inc.21Venus Concept Ltd.3/15/2019surgical robotics
Sofar Ocean Technologies7Spoondrift, OpenROV3/28/2019underwater drones, sensors
Torc Robotics Inc.Daimler Trucks and Buses Holding Inc.3/29/2019driverless truck software

Surgical robots make the cut

One of the largest transactions reported in March 2019 was Smith & Nephew’s purchase of Osiris Therapeutics for $660 million. However, some Osiris shareholders are suing to block the acquisition because they believe the price that U.K.-based Smith & Nephew is offering is too low. The shareholders’ confidence reflects a hot healthcare robotics space, where capital, consolidation, and chasing new applications are driving factors.

In the meantime, Stryker Corp. bought sports medicine provider OrthoSpace Ltd. for $220 million. The market for sports medicine will experience a compound annual growth rate of 8.9% between now and 2023, predicts Market Research Future.

Freemont, Calif.-based Think Surgical raised $134 million for its robot-assisted orthopedic surgical device, and Titan Medical closed a $25 million public offering last month.

Venus Concept Ltd. merged with hair-implant provider Restoration Robotics for $21 million, and Shanghai Changren Information Technology raised Series A funding of $14.89 million for its Xiaobao healthcare robot.

Corindus Vascular Robotics Inc. added $5 million to the $15 million it had raised the month before. Brainlab acquired Medineering and was itself acquired by Smith & Nephew.

Driving toward automation in March 2019

Aside from Lyft, the biggest reported transportation robotics transaction in March 2019 was Renesas’ completion of its $6.7 billion purchase of Integrated Device Technology Inc. for its self-driving car chips.

The next biggest deal was Weltmeister Motor’s $450 million Series C, in which Baidu Inc. participated.

Lidar also got some support, with Innoviz Technologies raising $132 million in a Series C round, and Ouster raising $60 million. In a prime example of how driverless technology is “paying a peace dividend” to other applications, Google parent Alphabet’s Waymo unit offered its custom lidar sensors to robotics, security, and agricultural companies.

Automakers recognize the need for 3-D modeling, sensors, and software for autonomous vehicles to navigate safely and accurately. A Daimler unit acquired Torc Robotics Inc., which is working on driverless trucks, and CycloMedia acquired machine vision firm Floating Point FX. The amounts were not specified.

Speaking of machine learning, Appen Ltd. acquired dataset annotation company Figure Eight for $175 million, with an possible $125 million more based on 2019 performance. Denso Corp. and Toyota Motor Corp. contributed $15 million to Airbiquity, which is working on connected vehicles.

Service robots clean up

From retail to cleaning and customer service, the combination of improving human-machine interactions, ongoing staffing turnover and shortages, and companies with round-the-clock operations has contributed to investor interest.

The SoftBank Vision Fund participated in a $300 million round for CloudMinds. The Chinese AI and robotics company’s XR-1 is a humanoid service robot, and it also makes security robots and connects robots to the cloud.

According to its filing with the U.S. Securities and Exchange Commission, TakeOff Technologies Inc. raised an unspecified amount for its grocery robots, an area that many observers expect to grow as consumers become more accustomed to getting home deliveries.

On the cleaning side, Avidbots raised $23.6 million in Series B, led by True Ventures. Gaussian Robotics’ Series B was $14.9 million, with participation from Grand Flight Investment.

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Wrapping up Q1 2019

China’s efforts to develop its domestic robotics industry continued, as Emergen Group’s $29 million Series B round was the largest reported investment in industrial automation last month.

Hangzhou Guochen Robot Technology raised $15 million in Series A funding for robotics research and development and integration.

That was followed by ABB’s participation in Series A funding of $7.4 million for Automata, which makes a small collaborative robot arm named Ava. Mitsubishi Electric Corp. said it’s spending $2.38 million to set up a new company, MELCO Factory Automation Philippines Inc., because it expects to grow its business there to $30 million by 2026.

Data startup Spopondrift and underwater drone maker OpenROV merged to form Sofar Ocean Technologies. The new San Francisco company also announced a Series A round of $7 million. Also, 4Subsea acquired underwater control systems maker Astori AS.

In the aerial drone space, Kratos Defense and Security Solutions acquired Florida Turbine Technologies for $60 million, and Vtrus raised $2.9 million for commercializing drone inspections. Kaarta Inc., which makes a lidar for indoor mapping, raised $6.5 million.

The Robot Report broke the news of Aria Insights, formerly known as CyPhy Works, shutting down in March 2019.


Editors Note: What defines robotics investments? The answer to this simple question is central in any attempt to quantify robotics investments with some degree of rigor. To make investment analyses consistent, repeatable, and valuable, it is critical to wring out as much subjectivity as possible during the evaluation process. This begins with a definition of terms and a description of assumptions.

Investors and Investing
Investment should come from venture capital firms, corporate investment groups, angel investors, and other sources. Friends-and-family investments, government/non-governmental agency grants, and crowd-sourced funding are excluded.

Robotics and Intelligent Systems Companies
Robotics companies must generate or expect to generate revenue from the production of robotics products (that sense, think, and act in the physical world), hardware or software subsystems and enabling technologies for robots, or services supporting robotics devices. For this analysis, autonomous vehicles (including technologies that support autonomous driving) and drones are considered robots, while 3D printers, CNC systems, and various types of “hard” automation are not.

Companies that are “robotic” in name only, or use the term “robot” to describe products and services that that do not enable or support devices acting in the physical world, are excluded. For example, this includes “software robots” and robotic process automation. Many firms have multiple locations in different countries. Company locations given in the analysis are based on the publicly listed headquarters in legal documents, press releases, etc.

Verification
Funding information is collected from a number of public and private sources. These include press releases from corporations and investment groups, corporate briefings, and association and industry publications. In addition, information comes from sessions at conferences and seminars, as well as during private interviews with industry representatives, investors, and others. Unverifiable investments are excluded.

The post Robotics investments recap: March 2019 appeared first on The Robot Report.

Robotics cluster in Odense, Denmark, offers metrics for growth

Robotics cluster in Odense, Denmark, offers metrics for growth

What makes a robotics cluster successful? Proximity to university research and talent, government support of entrepreneurship, and a focus on industry end users are all important. Around the world, regions have proclaimed initiatives to become “the next Silicon Valley.” However, there have been relatively few metrics to describe robotics hubs — until now.

This week, Odense Robotics in Denmark released a report on the economic returns generated by its member companies. Both the amount of exports and the number of employees have increased by about 50 percent, according to Mikkel Christoffersen, business manager at Odense Robotics.

At the same time, the report is realistic about the ongoing challenges facing every robotics cluster, including finding qualified job candidates. As locales from India to Israel and Canada to China look to stimulate innovation, they should look at their own mixes of people, partnerships, and economic performance.

Membership and money

The Odense robotics cluster currently has 129 member companies and more than 10 research and educational institutions. That’s up from 85 in 2015 and comparable with Massachusetts, which is home to more than 150 robotics companies. The Massachusetts Robotics Cluster said it had 122 members as of 2016.

Silicon Valley Robotics says it has supported 325 robot startups, and “Roboburgh” in Pittsburgh includes more than 50 organizations..

In terms of economic performance, the Odense robotics cluster had 763 million euros ($866.3 million U.S.) in turnover, or revenue, in 2017. It expects another 20 percent increase by 2021.

Odense has been friendly to startups, with 64 founded since 2010. The Odense Robotics StartUp Hub has helped to launch 15 companies. Seventy companies, or 54 percent, of those in the Odense area have fewer than 10 employees.

Total investments in the Danish robotics cluster have risen from 322 million euros ($365.6 million) in 2015 to 750 million euros ($851.7 million) last year, with 42 percent coming from investors rather than public funding or loans.

Funding for companies in the Odense robotics cluster continues to rise.

Source: Odense Robotics

In addition, 71 local companies were robotics producers, up from 58 in 2017. The next largest category was integrators at 23. The region also boasted 509 million euros ($577.9 million) in exports in 2017, and 66 percent of its members expect to begin exports.

Market focus

The Odense Robotics report notes that a third of its member companies work with collaborative and mobile robots, representing its focus on manufacturing and supply chain customers. Those are both areas of especially rapid growth in the wider robotics ecosystem.

The global collaborative robotics market will experience a compound annual growth rate (CAGR) of 49.8 percent between 2016 and 2025, compared with a CAGR of 12.1 percent for industrial robots, predicts ABI Research. Demand from small and midsize enterprises will lead revenues to exceed $1.23 billion in 2025, said ABI.

Odense-based Universal Robots A/S is the global market leader in cobot arms. Odense-based gripper maker OnRobot A/S was formed last year by the merger of three companies, and it has since acquired Purple Robotics and raised hundreds of millions in additional funding.

OnRobot Grippers

OnRobot’s lineup of robotic grippers. Source: OnRobot

Similarly, the market for autonomous mobile robots will have a 24 percent CAGR between 2018 and 2022, according to a Technavio forecast. Odense-based Mobile Industrial Robots ApS (MiR) has tripled its sales in each of the past two years.

Both Universal Robots and MiR have broadened their international reach, thanks to ownership by Teradyne Inc. in North Reading, Mass.

Robotics cluster must address talent shortage

Odense Robotics said that its robotics cluster employs 3,600 people today and expects that figure to rise to 4,900 by next year. In comparison, the Massachusetts robotics cluster employed about 4,700 people in 2016.

Odense robotics cluster employee growth

The Danish robotics cluster is a significant employer. Source: Odense Robotics

Even as the numbers of people grow at larger robotics companies (with 50 or more employees) or abroad, businesses in southern Denmark have to look far afield to meet their staffing needs. More than a third, or 39 percent, said they expect to hire from outside of Denmark, and 78 percent said that finding qualified recruits is the biggest barrier to growth.

The average age of employees in the Odense robotics cluster reflects experience, as well as difficulty recruiting. Fifty-five percent of them are age 40 to 60, while only 18 percent are under 30.

This reflects a larger problem for robotics developers and vendors. Even with STEM (science, technology, engineering, and mathematics) programs and attention paid to education, the demand for hardware and software engineers worldwide outstrips the available pool.

The University of Southern Denmark (SDU) is working to address this. It has increased admissions for its bachelor’s degrees in engineering and science and master’s of science programs from 930 in 2015 to 1,235 last year. The university also launched a bachelor’s in engineering for robot systems, admitting 150 students since 2017.

Robotics cluster in Odense includes DTI

The Danish Technological Institute is expanding its facilities in Odense this year. Source: DTI

Another positive development that other robotics clusters can learn from Odense is that 41 percent of workers at robotics firms there went to vocational schools rather than universities.

Partnerships and prospects

Close collaboration with research institutions, fellow robotics cluster members, and international companies has helped the Odense hub grow. Seventy eight percent of cluster members collaborate among themselves, according to the report. Also, 38 percent collaborate with more than 10 companies.

The Odense robotics cluster grew out of a partnership between shipping giant Maersk A/S and SDU. The Maersk Mc-Kinney Moller Institute at SDU continues to conduct research into robotics, artificial intelligence, and systems for healthcare and the energy industry. It recently added aerial drones, soft robotics, and virtual reality to its portfolio.

Last year, the institute invested 13.4 million euros ($15.22 million) in an Industry 4.0 laboratory, and an SDU team won in the industrial robot category at the World Robot Summit Challenge in Japan.

Examples such as Universal Robots and MiR, as well as Denmark’s central position in Northern Europe, are encouraging companies to look for partners. Collaborating with companies inside and outside the Odense robotics cluster is a top priority of members, with 98 percent planning to make it a strategic focus in the next three years.

Of course, the big opportunity and competitive challenge is China, which is potentially a much bigger market than the U.S. or Europe and is trying to build up its own base of more than 800 robotics companies.

It’s only through collective action around robotics clusters that smart regions, large and small, can find their niches, build talent, and maximize the returns on their investments.

Editor’s note: A panel at the Robotics Summit & Expo in Boston on June 5 and 6, 2019, will feature speakers from different robotics clusters. Register now to attend.

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