Formant’s Post

The evolving field of humanoid robotics is poised for significant growth, with estimates suggesting a market reaching nearly $40 billion within the next decade. This technology holds promise for addressing labor shortages and transforming various industries. Read Venture Capital Journal's July/August Issue cover story to learn more: https://okt.to/1dioEL #VCJ #VentureCapital #ArtificalIntelligence #Healthcare #Technology #HumanoidRobots #FutureofWork

Robotics and AI are two key factors in the fourth industrial revolution and with frontrunners like Catenary Robotics, the future looks very promising. 🚀🤖 In an exciting new article, we're diving deep into the potential of AI and Robotics, and how they can lead to significant industry efficiency and enhanced customer experience. We feature the game-changing team at Catenary Robotics, helmed by dynamic innovators Gary Lownsdale and Henry Zoe. Explore how their disruptive technologies are innovating businesses across multiple sectors. Discover more here 👇 [Article Link]: https://lnkd.in/g4guDXnY Follow their journey via Catenary Robotics on Twitter, Facebook, and LinkedIn to stay tuned for more updates. Let’s embrace the transformative power of AI and Robotics! #ArtificialIntelligence #Robotics #Innovation #TechStartups #IndustrialAutomation #CatenaryRobotics #USVentureNews ...

Exciting News: Our Investment in Formant! 🤖 Formant is pioneering the future of robotics with its software platform, providing the foundational operating system driving the future of the automated enterprise. This platform is a game-changer for enterprises, robotics OEMs, integrators, and robotic fleet operators, enabling them to rapidly deploy applications and manage their fleets with ease. 🔮 Autonomous robotic systems have transitioned from R&D labs to widespread business adoption, delivering essential results and operational resilience. The rapid integration of robots across mission-critical functions and human-support roles across industries highlights the pressing demand for streamlined data management and orchestration across robotic endpoints. 🌍 Enterprise robotic fleets are proliferating, and managing their complexity is a critical pain point. Formant's enterprise capability is the solution, already empowering tens of thousands of production robots across various industries globally. This has translated to incredible growth over the past year. 🔄 We believe that the robotics industry is undergoing a technological shift, and Formant is underpinning the transition. As automation adoption rises, the demand for modular architectures is growing. Robotics companies and fleets can focus on what they do best instead of constantly recreating the wheel. 🌐 Formant is at the forefront of the robotics and AI convergence. With industries adopting large-scale automation, the pivotal role of data in fleet optimization and AI model training cannot be overstated. Formant's state-of-the-art platform simplifies the collection and management of robot data on a massive scale, ushering in an era where AI seamlessly enhances physical automation. 🌍 The market potential is enormous. The company's offering isn't limited to mobile robots alone; it's versatile and can bring value to any type of robot. 👨💼 What truly excites us is Formant's leadership, led by Founder & CEO Jeff Linnell, formerly heading up robotics at Google and co-founder of Bot & Dolly. Jeff's vision, combined with Formant's commitment to providing a robust infrastructure for the robotics industry, positions the company as a critical enabler of robotics and automation. 🌟 We at BMW i Ventures are proud to support the evolving landscape of robotics and automation. We're excited about the future that Formant is shaping and are eager to see the transformation it brings to the industry. 🚀 #Investment #Robotics #Innovation #Formant #FutureTech Kasper Sage Allen Chen Brian Wei Kate M. James Turnshek https://lnkd.in/gV7N33xN

The field of humanoid robotics is expected to experience substantial growth, with projections indicating a market size of around $𝟰𝟬 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝘁𝗵𝗲 𝗰𝗼𝗺𝗶𝗻𝗴 𝘁𝗲𝗻 𝘆𝗲𝗮𝗿𝘀. It has helped alleviate labor shortages and revolutionize multiple industries. Explore the cover story in the July/August Issue of Venture Capital Journal to gain insights: https://okt.to/qtYsZW #VCJ #VentureCapital #ArtificalIntelligence #Healthcare #Technology #HumanoidRobots #FutureofWork

Industry groups and startup innovators have welcomed the launch of a National Robotics Strategy, creating a partnership to turbocharge the technology in Australia. Federal Minister for Industry and Science, Ed Husic MP, said, “robotics and automation are critical to building a Future Made in Australia”. “Lifting the adoption of these technologies will allow our manufacturers to produce higher quality products in less time and make them more internationally competitive.” Australian Industry Group (Ai Group), Robotics Australia Group and startup incubator Cicada Innovations are partnering together to form the Robotics Growth Partnership in the wake of this new strategy. Robotics Australia Group CEO 🇦🇺 Nicci Rossouw said this new national strategy provides the impetus for the sector to grow and meet Australia’s growing needs: “With the release of Australia’s first National Robotics Strategy, it’s the right time for our robotics ecosystem to grow through this partnership that offers end-to-end support for robotics innovation and adoption." #manufacturing #australianmanufacturing #auspol #robotics #automation

Neura Robotics [news release excerpt]: NEURA Robotics, the world’s leading innovation driver in the field of cognitive #robotics with headquarters in Metzingen, is setting a decisive milestone: production will be relocated from #China to #Germany in 2024. The company currently still produces the majority of its total volume in China. By the end of 2024, production capacities in Metzingen are to be ramped up and simultaneously reduced in China. This consistent step once again emphasizes the indispensable importance of a robust home base in Germany for the company’s ambitious global growth strategy. David Reger, founder and visionary pioneer of NEURA Robotics, explains: “The relocation of production to Germany is a milestone on NEURA Robotics’ path to becoming the ‘Next German Hero’. We are convinced that #international #innovation leadership and regional ties are not mutually exclusive – a principle that automotive companies have taught us over decades. Cognitive robotics will have a similar significance in the future. ‘Made in Germany’ continues to be a seal of quality and excellence worldwide, especially in areas where top hardware is in demand. With this strategic decision, we want to demonstrate that Germany is the ideal location for cognitive robotics.” #news #business

Robotics funding saw another dip in 2023 The year isn’t quite over, of course, but year-to-date investments in the U.S. market are at $2.7 billion, down from $5 billion last year, $9.1 billion in 2021 and even the $3.4 billion that came through in 2020. Robot sales also recently saw a decrease, courtesy of economic headwinds following the initial pandemic surge. #robotics #robot #robots #automation #VentureCaptial #investing #investment #funding #business #technology #tech

Snapshot from the 2023 IEEE-RAS International Conference on #Humanoid Robots. The Humanoid Robotics topic is by no means new on the market, but many people are wondering why commercialization seems to be finally taking off. According to industry experts and robotics practitioners, here is why: ➡️ Technology development is accelerating ➡️ Market demand is increasing ➡️ Number of new factories is growing ➡️ Labor shortage is constantly increasing ➡️ Population is aging in many countries ➡️ BOM is going down ➡️ ROI is quicker to realize ➡️ Funding is more accessible ➡️ Special components designed for humanoids are easier to get ➡️ Maintenance cost is getting lower (swappable elements, etc) ➡️ Power density of motors becomes higher ➡️ Compute availability is increasing ➡️ Recent progress in AI makes the software easier and quicker to build ➡️ Safety assurance is considered the norm ➡️ People interact with robots more and more ➡️ Robotics is becoming mainstream and are seen in more and more industry and home applications ➡️ Collaboration of Business and Academia is becoming a best practice To sum up, the technology seems to be ready, but commercialization requires a bit more work on operational optimization. It's enough though, to have one task and specialized robot in the field as a near-term GTM that will further develop into general-purpose applications in time to scale the production across industries. It was great to meet representatives from Massachusetts Institute of Technology University of Michigan Robotics Department Karlsruhe Institute of Technology (KIT), Vienna University of Technology, The University of Texas at Austin, KUKA, German Aerospace Center (DLR), Carnegie Mellon University, Gordon Cheng Luis Sentis Tamim Asfour Marc Raibert Apptronik 1X Unitree Robotics DEEP Robotics PAL Robotics Fourier Intelligence-Robotics Andra Keay kay and many other incredible minds! #humanoids #robotics #startups #venturecapital

Industrial heritage and cost cutting need - besides cheaper robots and the skilled workers shortage - is driving robotics in Europe. “In Europe, where industrial and manufacturing industries play a key role in many local economies, these AI-supported robots are catching the eye of top investors.” “Adoption of robotics has been both a long time coming, and swift. “Companies have a C-level mandate on robotics. They have budgets for it,” […]” #robotics #ai #cost #investments #industrial #manufacturing

🤖 Exciting News in Robotics! 🚀 Shanghai's Top 15 Pioneering Robotics Companies are making waves in the tech world! 🌟 BestStartup Asia has curated an exclusive list of companies that are shaping the future of robotics in Shanghai, China. From startups to established brands, these companies have shown exceptional performance and innovation. 👏 Featuring: ASAGE ROBOTS (Shanghai) Co. Ltd., Move Robotics Koutech System Each of these companies is revolutionizing the robotics industry in its own unique way. They are pushing boundaries, driving innovation, and contributing to the advancement of technology on a global scale. 🌐 As a leading AI-driven company, we applaud these pioneers for their outstanding achievements and dedication to shaping the future. 🙌 Check out the full article to learn more about their remarkable contributions: https://lnkd.in/d24BcYjJ Let's celebrate these visionary companies and their extraordinary work in robotics! 🎉 #ShanghaiTech #Robotics #Innovation #TechLeaders #BestStartupAsia