14.3 C
London
Sunday, September 25, 2022

Knee deep in the hoopla – londonbusinessblog.com

Must read

Doctors push for more research on little-known STDs linked to infertility in men and women

Doctors are pushing for more research into a little-known sexually transmitted disease that may be more common than thought. Scientists have known about mycoplasma...

Nubank’s IPO has a bitter aftertaste for Brazilian shareholders • londonbusinessblog.com

Welcome at the londonbusinessblog.com Exchange, a weekly newsletter about startups and markets. It is inspired by the daily londonbusinessblog.com+ column from which it...

Kenyan startup Ponea gains momentum in driving access to medical services • londonbusinessblog.com

Serial Kenyan Technology entrepreneur Mike Macharia Over the past two decades, companies such as Safaricom, East Africa's largest telecom provider, have helped create infrastructure...

NASA cancels Artemis I launch due to potential hurricane threat

NASA's Artemis I launch has been delayed several times. |...
Shreya Christinahttps://londonbusinessblog.com
Shreya has been with londonbusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider londonbusinessblog.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

Maybe it’s the Last holiday weekend here in the US, or maybe it’s the simple truth that we’re currently staring into the midsummer doldrums, but holy moly, it’s been a slow week on the robotics news front. I know – you’re supposed to captivate readers with a compelling first paragraph, but the truth is that things like this ebb and flow, and as we swing into mid-July, we’re experiencing the former.

I’ll of course use some of my column space to share another great tidbit about our July 21st robotics event (100% available to stream 100% free). We’ve officially announced the three judges for our pitch-off (I hope you participated, because submissions close today), and boy howdy the lineup is a disgrace to riches.

We will be joined by Ohio State University Dean of Engineering Ayanna Howard; E14 Venture Partner and founder of ittleBits, Ayah Bdeir; and DCVC partner, Kelly Chen. The pitch-off is a highlight of any londonbusinessblog.com event, and while I’m probably (definitely) biased here, I think that’s doubly true for Robotics, where we’re all getting a rare chance to see some real-world companies in to see an early stage.

Image Credits: londonbusinessblog.com

As you probably know, getting things just right to demonstrate robotics startup companies can be difficult. You really need to hit that goldilocks, where you have technology to showcase but haven’t raised significant capital yet. We’ll be announcing those companies shortly, but for now I’m excited about the three judges, who bring really unique perspectives to the conversation, from the research, startup and VC sides of the fence.

Register here for free!

From where I sit, the biggest robotics financial news this week is the planned acquisition of Airobotics by American Robotics — or rather, the planned acquisition of Airobotics by American Robotics’ parent company. The former was acquired in August last year by Ondas, who now plans to acquire the latter in a deal valued at $18.4 million. The two companies produce fully autonomous surveillance drones tethered to a base station.

Image Credits: American robotics

There will no doubt be some layoffs (and the Airobotics brand will probably eventually be swallowed up by the American Robotics banner — a sad end to a fun name), but the deal will create a joint company headquartered in both Massachusetts and Tel Aviv. American Robotics CEO Reese Mozer told me:

American Robotics and Airobotics have matured several elements of the DIB ecosystem, and this business combination is accelerating offerings that further our leadership in a broader set of market opportunities. In other words, in the short term we will learn from each other to further mature our respective systems. In the longer term, the Scout system and the Optimus system will be different models existing within the same product family, each specializing in a different set of use cases.

In much less exciting news, last-mile delivery platform Starship Robotics has announced that it is… lay off about 11% of the global workforce† Not entirely surprising, given the ubiquitous layoffs in the tech sector of late, but a robotics industry that has adequate funding has done well to largely avoid such disasters. The company said in a press release that the news comes in the wake of a large increase, but that unforeseen forces have forced it to adapt.

Image Credits: Starship Technologies

Spaceship Notes:

[D]The aforementioned changes in the economy and investments mean that Starship must now make difficult changes to focus on cost savings and improving profitability. These changes mean we will be closing a small number of service locations in the US and Germany over the next two months. The locations we need to close don’t have the right mix of salespeople and customer base to meet our near-term profitability targets. In addition to the staff affected by these decisions, we are also reducing the team at the company level.

Image Credits: Jaia Robotics

Speaking of old-fashioned bits of news just now resurfacing (Listen, I told you it was slow, folks), Jaia Robotics closed out June by announcing a $1 million seed round. The company makes small underwater drones designed for data collection. Co-Founder/CEO Ian Estaphan Owen comments: “This investment in Jaia Robotics is a strong vote of confidence in the company as an investment opportunity and has led us to keep the round open for 90 days leading to a second close to allow us to bring them closer together. to the ceiling of $1.75 million. This will give us more flexibility and really accelerate the growth of our team.”

Image Credits: University of Pennsylvania

Some fun research with even smaller robots concludes us this week. The University of Pennsylvania shows off some ‘proof-of-concept’ researchand shows how a “shape-shifting robotic microswarm could one day act as a toothbrush, rinse and dental floss all in one.”

Professor Hyun Koo comments: “It doesn’t matter if you have straight or misaligned teeth, it adapts to different surfaces. The system can adapt to every nook and cranny in the oral cavity.”

As you can no doubt see from the above, this is all still at a very early stage.

Image Credits: Bryce Durbin/londonbusinessblog.com

No time is a good time to say goodbye, but now is the perfect time to sign up for Actuator.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Doctors push for more research on little-known STDs linked to infertility in men and women

Doctors are pushing for more research into a little-known sexually transmitted disease that may be more common than thought. Scientists have known about mycoplasma...

Nubank’s IPO has a bitter aftertaste for Brazilian shareholders • londonbusinessblog.com

Welcome at the londonbusinessblog.com Exchange, a weekly newsletter about startups and markets. It is inspired by the daily londonbusinessblog.com+ column from which it...

Kenyan startup Ponea gains momentum in driving access to medical services • londonbusinessblog.com

Serial Kenyan Technology entrepreneur Mike Macharia Over the past two decades, companies such as Safaricom, East Africa's largest telecom provider, have helped create infrastructure...

NASA cancels Artemis I launch due to potential hurricane threat

NASA's Artemis I launch has been delayed several times. |...

2 best stocks of all time!

This bear market reminds me of my 2 best trades of all time. That was when I bought Amazon (AMZN) and Booking (BKNG)...