Robotics firm GreyOrange raises $30 million, to expand overseas
GreyOrange, a robotics firm that is in the business of automating warehouses, has raised $30 million (Rs 191.6 crore) in a round led by Tiger Global Management, with participation from existing investors Blume Ventures.
The funding, which the company says is one of the largest for robotics company globally, will be used to invest in developing new products, expand internationally into Asia Pacific, Middle East and Europe. The company says it has a 90% market share of India's warehouse automation market and it powers over 180,000 square feet of warehouse.
"We are doubling our team size globally as we steer the company and our products beyond India and into international markets," said co-founder and CEO Samay Kohli, who founded the company with Akash Gupta in 2011.
The company has two products: The Sorter and the Butler. The former is a high-speed system that consolidates orders and routes parcels. By Diwali, the company will have installed sortation capacity of 3 million parcels per day.
The second product, the Butler, is an order-picking system that is tailored for high-volume, high-mix orders characteristic of e-commerce and omni-channel logistics fulfilment. Cont'd..
George Brown College Launches a New Online Program: Automation Technician
New program offers flexible, introductory training in automation technology for manufacturing
Foxconn Seeks Manufacturing Sites in India
SEAN MCLAIN for WSJ.com: Foxconn became the latest global giant to declare its intention to tap into India’s budding manufacturing potential.
The company is looking for manufacturing sites in India. So far it hasn’t been able to settle on any in particular, Foxconn Chairman Terry Gou told a news conference in New Delhi.
“India is a big, big country. Too many places, too many states, too many cities. The choice is difficult,” he said.
Foxconn is the world’s largest contract electronics manufacturer by revenue. The Taiwanese company—known officially as Hon Hai Precision Industry Co.—is looking to tap India’s massive labor pool and has big ambitions for its Indian investments. It has long-term plans for Asia’s third-largest economy and hopes to do more in India than simply assemble smartphones and laptops. “We want to bring the whole supply chain here,” Mr. Gou said.
Analysts say Foxconn is looking to diversify its global network of factories as the company faces more competition and rising wages in China, where it has most of its manufacturing operations. Cont'd...
Chinese factory replaces 90% of humans with robots, production soars
By Conner Forrest for TechRepublic: In Dongguan City, located in the central Guangdong province of China, a technology company has set up a factory run almost exclusively by robots, and the results are fascinating.
The Changying Precision Technology Company factory in Dongguan has automated production lines that use robotic arms to produce parts for cell phones. The factory also has automated machining equipment, autonomous transport trucks, and other automated equipment in the warehouse.
There are still people working at the factory, though. Three workers check and monitor each production line and there are other employees who monitor a computer control system. Previously, there were 650 employees at the factory. With the new robots, there's now only 60. Luo Weiqiang, general manager of the company, told the People's Daily that the number of employees could drop to 20 in the future.
The robots have produced almost three times as many pieces as were produced before. According to the People's Daily, production per person has increased from 8,000 pieces to 21,000 pieces. That's a 162.5% increase. Cont'd...
Robotic Automation Propels Manufacturing Transformation
With a production line requiring tens to hundreds of workers for daily operations, manufactures see automated production and man-machine collaboration as innovative ways to increase production efficiency while cutting labor costs.
High Performance Drive in a Small Package
Maxon sets new standards in micro drives.
China's Hunger for Robots Marks Significant Shift
By TIMOTHY AEPPEL and MARK MAGNIER for WSJ.com - Having devoured many of the world’s factory jobs, China is now handing them over to robots.
China already ranks as the world’s largest market for robotic machines. Sales last year grew 54% from a year earlier, and the boom shows every sign of increasing. China is projected to have more installed industrial robots than any other country by next year, according to the International Federation of Robotics.
China’s emergence as an automation hub contradicts many assumptions about robots and the global economy.
Economists often view automation as a way for advanced economies to keep industries that might otherwise move offshore, or even to win them back through reshoring, since the focus is on ways to reduce costly labor. That motivation hasn’t gone away. But increasingly, robots are taking over work in developing countries, reducing the potential job creation associated with building new factories in the frontier markets of Asia, Africa or Latin America. Cont'd...
Adept Technology to Demonstrate Latest Robot Technologies at China International Robot Show
Attendees Will Get First Look at New Robots and Applications at
Adept's Booth, A116, July 8-11 in Shanghai
Get Connected with Robots at the MCRI Open House July 23 & 24
Visit Motion Controls Robotics' 20th Anniversary Open House to see how robots are transforming your process.
AUTOMATION ENGINEERING SOFTWARE SUITE DELIVERS NEW LEVELS OF PRODUCTIVITY
* system-wide automation development software can reduce project costs by
30% or more!
ADVANCED Motion Controls announces expanded micro Z-Drive capabilities
Available immediately are the AZBH10A4 and AZBD10A4 micro-sized analog plug-in brushless servo drives. These new models add Hall Velocity mode and Duty Cycle mode capabilities to the µZ series. Pronounced 'micro-Z' these plug-in drives are the smallest off-the-shelf servo drives from ADVANCED Motion Controls and are designed for embedded applications in a wide range of industries including: Robotics, Lab Automation, Homeland Security/Military, Electric Mobility, Medical and Packaging.
These micro sized servo drives are designed to drive brushless and brushed DC motors at a high switching frequency. To increase system reliability and to reduce cabling costs, the drives are designed for direct integration into your PCB. Weighing in at just 9 grams, these drives output 10A peak and 5A continuous and operate with a bus voltage range of 10-36VDC.
Advanced Motion Controls Expands their EtherCAT Product Offering
ADVANCED Motion Controls provides products for the fastest, most flexible form of industrial Ethernet control - EtherCAT.
KUKA Systems Commercializes New PULSE Line Technology
PULSE technology is extremely fast and flexible - 30% faster than conventional friction-based transfer systems.
Market Report - Agricultural Robots Market Size, Company Share To 2020: PTA Newsroom.
New Market Research Reports Title "Global Agricultural Robots Market Analysis Size and Segment Forecasts to 2020" Has Been Added to Ptanewsroom.org Report Database.
Innodisk Announces Ultra-Reliable DRAM-less SSDs with High IOPS for Embedded Applications
Firmware Upgrade and Synchronous NAND Flash Achieves High Performance in small form factor
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Automation & Networking - Featured Product
Pleora Technologies - Simplified AI for Visual Inspection of Electronics
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