The company plans to use the funds to improve its motion planning technology. Here are the top-line bullets you need to know.
Realtime Robotics, an autonomous motion planning technology company for industrial robots, has raised $31.4M in an extended Series A, with participation from Toyota Ventures, SAIC Capital, Omron Ventures, and Heroic Ventures, among others.
How’s the company performing?
- Realtime Robotics, through its real-time, collision-free motion planning technology, enables single and multiple robots to operate autonomously in an unstructured environment.
- The company’s technology allows companies to deploy or update industrial robots with minimal programming to automate operations.
- Realtime Robotics’ customers include ABB, Kawasaki, Yaskawa, Universal Robots, Mitsubishi Electric, and Denso, among others.
Source: Realtime Robotics
WHY DOES THE MARKET MATTER?
- The global industrial automation market is projected to expand at a CAGR of 9.3% to reach a value of $306.2B by 2027, according to Meticulous Market Research.
- Governments in Europe and the Asia-Pacific are promoting industrial automation technologies and systems to digitalize their manufacturing sector.
- The Covid-19 pandemic has accelerated the adoption of automation, boosting investments for transforming conventional production facilities.
