robots

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China approves Unitree’s Shanghai listing registration, valuing IPO at $619M

China’s securities regulator has approved Unitree Robotics’ registration to list on Shanghai’s STAR Market, clearing the last formal hurdle before the humanoid robot maker can price and sell shares. The approval, confirmed by Reuters on Thursday, values the planned offering at roughly $619 million, or about 4.2 billion yuan, a figure that lines up closely […]

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Quantum Systems raises $1.2bn and doubles its valuation to $8bn as defence money floods in

Europe has a new defence-tech heavyweight. Quantum Systems, a German maker of autonomous drones, has raised $1.2bn and more than doubled its valuation to about $8bn. It is one of the largest rounds ever for a European defence startup. The Bavarian company announced the Series D on Thursday. Blackstone, Noteus, Airbus, and Advent co-led it. […]

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The automation billionaire is telling bosses not to cut too fast

Few people have done more to automate the office than Daniel Dines. So it is striking that the UiPath founder’s message on AI and jobs is a plea for patience, and a confession that he feels the anxiety too. Dines built UiPath into one of Europe’s biggest software success stories by selling robots that do […]

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Queue raises $12.6M for a pharmacy that runs without a pharmacist

A Silicon Valley startup says it has built a pharmacy with no pharmacist behind the counter. Sealed bottles go in, filled and checked prescriptions come out, in about a minute. The company, Queue, came out of stealth on Tuesday with a working machine and fresh money. It has raised a $12.6mn seed round led by […]

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NASA hired a startup to catch its falling telescope

Swift has watched the sky since 2004, catching some of the universe’s biggest explosions. Now it is sinking, and time is short. NASA is paying Katalyst Space Technologies about $30mn to save it, the Associated Press reported. Liftoff could come as early as Tuesday. The plan sounds simple and is anything but. Reach a satellite […]

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A former Tesla Optimus engineer settled a trade secret lawsuit and raised $11M to build the robot hands his old employer still cannot crack

Proception, a robotics startup founded by former Tesla Optimus engineer Jay Li, has settled a year-long trade secret lawsuit with Tesla and raised an $11 million seed round led by First Round Capital to build dexterous robotic hands. The company told TechCrunch it is now shipping the first batch of its high-dexterity hand to researchers […]

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Hyundai workers vote to strike over robot fears

Hyundai workers have voted overwhelmingly to authorise a strike, and for the first time robots are part of the fight. A Hyundai robot strike would test who controls the factory floor as humanoid machines arrive. South Korea’s largest carmaker is heading for a clash over robots. Hyundai’s union has voted to authorise a strike, partly […]

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Apple’s suppliers are racing to Hong Kong to fund their robot pivot

Two of Apple’s biggest Chinese suppliers are racing to Hong Kong in the same week. Luxshare wants about $3bn, Lingyi just banked $1.1bn. Both are using the cash to pivot from smartphone parts to AI hardware and humanoid robots. The companies that build your AirPods are quietly raising a fortune. This week two of them […]

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Agility Robotics is reportedly going public via a $2.5B SPAC deal

Agility Robotics, the Oregon startup behind the bipedal Digit robot, is in talks to go public through a merger with a special-purpose acquisition company in a deal valuing it at about $2.5bn, according to Wall Street Journal.  The terms have not been confirmed, the SPAC partner has not been named, and the company has not […]

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HaloBraid raises $7M to build the first robotic braiding assistant for hair salons

HaloBraid, a robotics startup that builds an automated braiding assistant for hair salons, has raised seven million dollars in a seed round led by Reddit co-founder Alexis Ohanian’s venture firm Seven Seven Six. The device works alongside professional stylists rather than replacing them: a braider starts each braid by hand and then hands off to […]

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