China is a key market for robotics. In 2017, one of every three robots sold in the world went to China, which purchased nearly 138,000 units. The deal with the Shanghai municipal government also includes a comprehensive strategic cooperation agreement to support industry, energy, transport and infrastructure in the region.
ABB employs approximately 5,000 people in Shanghai, and the company’s robotics businesses in China employ more than 2,000 engineers, technology experts and operational leaders in 20 locations across the country. ABB has invested more than US$2.4 billion in China since 1992, with over 18,000 employees in total.
Warehouse automation provider inVia Robotics (Westlake Village, CA) has announced new funding that it says will be used to support expansion in robots deployed and warehouses serviced.
he company, which provides next-generation robotics warehouse automation solutions for e-commerce fulfillment centers, received $20 million in Series B funding led by Point72 Ventures and including investments from Upfront Ventures and Embark Ventures.
The funds, says the company, will be used to boost the commercial deployment of its Picker robots and cloud-based Robotics-as-a-Service (RaaS) management system in warehouses as needed by the scaling e-commerce market.