Frank Tobe is the owner and publisher of The Robot Report After selling his business and retiring from 25+ years as a provider of computer direct marketing and consulting to the Democratic National Committee, major presidential and other campaigns and initiatives, he has energetically pursued a new career in researching and investing in robotics. In 2013 he co-founded Robo-STOX™ LLC (renamed in 2015 to ROBO-Global) and developed a tracking index for the robotics industry: the ROBO-Global™ Robotics & Automation Index.
Frank is a member of Robohub and also a panel member for panel member for Robohub's Robotics by Invitation series.
After reading all the press releases for this batch of 21 research reports, one can see that although they vary widely in their forecasts they almost all agree that the robotics market is expected to grow at a double-digit pace through 2022.
Toy and entertainment drones, camera drones for professional and business use, moon-shot drones and military drones are all becoming more and more distinct as much of the drone industry gets commoditized. Prices are dropping even as impressive new features are added. It’s a difficult time in the drone business.
UPDATED 1/13/2017: SF District Attorney files false advertising suit against Lily Robotics. Details added below.
Rethink Robotics, the Boston-based maker of the Baxter and Sawyer robots founded by iRobot co-founder Rodney Brooks, raised an additional $18 million in an unfinished $33 million Series E round led by private equity firm Adveq.
2016 was a banner year for acquisitions of companies involved in robotics and automation: 50 sold; 11 for amounts over $500 million; five were over a billion. 30 of the 50 companies disclosed transaction amounts which totaled up to a colossal $18.867 billion!
2016 was a busy and abundant year for seed, crowd, series A,B,C,D and VC funding of robotics-related startups. 128 companies got funded, some multiple times. $1.95 billion, 50% more than 2015 which was also a phenomenal year with over $1.32 billion funded.
Teledyne Technologies, which specializes in deepwater gas and oil exploration and production, oceanographic research, air and water quality environmental monitoring, electronics design and development, factory automation and medical imaging, in an all cash $780 million transaction, will acquire British imaging sensor maker E2V Technologies.
A recent article in The Washington Post by Morgan Stanley strategist and author of “The Rise and Fall of Nations” Ruchir Sharma, provides a nuanced overview of the issues of jobs, robots, productivity and income disparity.
In a move consistent with many other recent acquisitions of stars within the robotics industry, Liquid Robotics announced that they sold their company to Boeing’s Autonomous Systems for Defense, Space & Security division.
The Beijing World Robot Conference (WRC), sponsored by Beijing City, the Ministry of Industry and Information Technology, and the China Association of Science and Technology, was held October 21-25. It was big, long, ran over a weekend and gave a run-down of the breath of China’s fast-emerging robotics industry.
Intel is establishing an autonomous driving division; hacker George Hotz is open-sourcing his self-driving software in a bid to become a network company; LiDAR and distancing devices are changing. What does it all mean?
To meet rising food demands from a growing global population, over 250 million acres of arable land will be needed – about 20% more land than all of Brazil. Alternatively, agricultural production will need to be more productive and more sustainable using our present acreage. Meeting future needs requires investment in alternative practices such as urban and vertical farming as well as existing indoor and covered methods.
In the last six years, (2010–2015), according to the IFR (International Federation of Robotics), US industry has installed around 135,000 new industrial robots. The principal driver is automation in the car industry. During this same period, (2010–2015), the number of employees in the automotive sector increased by 230,000.
In President-elect Trump’s interview with the NY Times yesterday, when discussing jobs, closed factories and factories that may leave the country, he was asked: “Are you worried that those companies will keep their factories here, but the jobs will be replaced by robots?