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Dexterous AI-Powered Robot Stanford Spinout Company RIOS Raises $5 Million

Source: Pulse 2.0 / by Dan Anderson RIOS — a developer of dexterous AI-powered robots for automating assembly lines — announced it raised $5 million in venture funding. RIOS — a developer of dexterous AI-powered robots for automating assembly lines — announced that it came out of stealth mode and raised $5 million in venture funding. This funding round was led by Valley Capital Partners (VCP) and Morpheus Ventures with …Read More

Report: logistics sector will rise to second place in use of collaborative robots by 2023

Source: Supply Chain Quarterly Applications led by material handling, assembly, and pick & place, Interact Analysis says. Vendors shipped more than 19,000 collaborative robots—or cobots—in 2018 as they generated a faster increase in global revenue than any other sector of the robotics industry, led by applications in material handling, assembly, and pick & place, a new study shows. In 2018, global revenues from cobot production exceeded $550 million, almost a …Read More