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        Locus Robotics, a provider of warehouse robots, raised USD 117 million in Series F funding led by Goldman Sachs Asset Management and G2 Venture Partners with participation from Stack Capital Group, Next47, Stafford Capital Partners, HESTA, and Newton Investment Management among several others.&nbsp;
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        This round brings the company&rsquo;s total funding to USD 416 million, valuing the company at &ldquo;close to&rdquo; USD 2 billion. In addition to the funding, Mark Midle, a managing director at Goldman Sachs, and Zach Barasz, a partner at G2 Venture Partners, will join Locus&rsquo;s board of directors.
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  <p>
    <a href="https://www.prnewswire.com/news-releases/locus-robotics-announces-117-million-in-series-f-funding-bringing-its-valuation-close-to-2-billion-301688564.html">
      Press release&nbsp;
    </a>
  </p>
  <p>
    <a href="https://techcrunch.com/2022/11/29/locus-raises-another-107m-for-its-warehouse-robots/">
      Techcrunch
    </a>
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Smart Factory

Locus Robotics raises USD 117 million in Series F funding

ANALYST_QUICK_TAKE

INCUMBENTS_PRESENT

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<div>
 <p>Rockwell Automation and Microsoft have formed a partnership aimed at developing advanced cloud and AI solutions for manufacturing customers. This cooperative endeavor combines Rockwell's significant expertise in the realm of industrial automation with Microsoft's capabilities in cloud and AI.</p>
 <p>The collaboration sees Microsoft's Azure IoT Operations being integrated with Rockwell's FactoryTalk Optix. This integration is designed to aid manufacturers in capturing valuable shop-floor data insights. Simultaneously, Rockwell introduced FactoryTalk Design Studio Copilot, a tool powered by Microsoft Azure OpenAI Service, which aids in the creation of PLC code. The partnership also launched an AI-powered Food &amp; Beverage model that utilizes Microsoft's Phi-3 small language models.</p>
 <p>Through this partnership, the goal is to enable manufacturers to improve operational efficiency, reduce costs, and increase productivity. This is achieved by combining the industrial automation expertise of Rockwell with Microsoft's capabilities in the arenas of cloud and AI.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> Over the last year, Rockwell Automation has been steadily expanding the capabilities of its industrial automation platform through integrations with Microsoft, particularly in the realm of AI. <a href="https:<br>
//sp-edge.com/updates/23243"> Last October </a> , the company integrated Microsoft's Azure OpenAI Service into its FactoryTalk Design Studio. It went on to integrate its edge and cloud solutions, Plex manufacturing execution system (MES) and DataMosaix, its factory data analytics solution, with Microsoft's Cloud for Manufacturing, <a href="https:<br>
//sp-edge.com/updates/28739"> in April </a> .</p>

Rockwell Automation and Microsoft partner to develop new AI-driven industrial automation solutions

<div>
 <p>Rockwell Automation, an industrial automation and digital transformation solution provider, has announced its new AI technologies and robotic solutions at ADIPEC 2024 in Abu Dhabi. The new technologies include FactoryTalk Optix platform for human-machine interface, FactoryTalk Analytics LogixAI for production monitoring and predictions, and GuardianAI for equipment failure warnings, as well as Taurob robots which integrate with digital twin and Industrial Internet of Things technologies.</p>
 <p>These solutions, which have been developed through Kalypso, the company's digital services branch, are aimed at helping businesses enhance operational efficiency and sustainability measures, automate inspection and maintenance routines, and minimize downtime, as according to the company.</p>
</div>

Rockwell Automation to launch AI and robotics solutions at ADIPEC 2024

<div>
 <p>Locus Robotics, an autonomous mobile robots (AMRs) developer, has opened its new global headquarters, Locus Park, in Wilmington, Massachusetts. The new 157,000 sq ft facility will accommodate nearly 200 employees from the New England region.</p>
 <p>The facility is furnished with R&amp;D, testing, and engineering facilities, and also supports robotics manufacturing, shipping, and administration operations.</p>
 <p>The inauguration of the new headquarters aligns with the company's milestone achievement of 4 billion unit picks from its global customer deployments.</p>
 
</div>

Locus Robotics opens new global headquarters in Wilmington, Massachusetts

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 <p>Flexxbotics, a firm that provides robotic control solutions, has enhanced its robotic machine tending with compatibility for LMI Technologies' 3D scanning and inspection products. This new integration allows businesses to implement robot-based manufacturing and maintain six sigma consistency in automated operations.</p>
 <p>The solution by Flexxbotics uses its own FlexxCORE technology to achieve a secure connection and communication between robotics and the equipment from LMI Technologies. It is compatible with the full range of Gocator sensors from LMI Technologies, such as 3D point profilers, 3D line profilers, and 3D snapshot sensors, among others.</p>
 <p>According to Flexxbotics, this compatibility enables the making of real-time adjustments to CNC machine programs using automated inspection results, thus facilitating autonomous process control.</p>
 
</div>

Flexxbotics announces compatibility with LMI Technologies for quality inspection

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 <p>Aerospace and industrial solutions provider Honeywell has teamed up with Google to incorporate Gemini, Google's genAI model, into its industrial applications. This partnership is intended to deliver AI-powered insights through Honeywell's datasets, which can potentially reduce maintenance costs, increase productivity, and enhance employee skills. The partnership will utilize Google Cloud's Vertex AI and large language models (LLMs) in conjunction with Honeywell's Forge IoT platform for creating AI agents trained on industrial data. The resulting AI solutions will become available to industrial customers by 2025.</p>
 <p>Honeywell is also looking into implementing Gemini Nano, an on-device AI version, for operations in diverse industrial environments, especially in areas with restricted internet availability.</p>
</div>

Honeywell partners with Google to bring Gemini AI to industrial sector

<div>
 <p>ABB Robotics is set to sponsor US-based MassRobotics, an independent innovation center and startup accelerator for robotics. ABB will contribute with its GoFa collaborative robots and RobotStudio simulation software licenses as part of the sponsorship. This will allow startups to utilize ABB's technology for the creation of new industrial robotics solutions within the collaborative environment provided by MassRobotics.</p>
 </div> <p><b>Analyst QuickTake:<br>
</b> This sponsorship follows a recent trend of ABB making several active efforts to grow its “Robotics” business over the last year. Over the past two months, ABB launched the Energy Efficiency Service for manufacturers, which offers consultation, analysis, and tools to increase the energy efficiency of robots, as well as <a href="https:<br>
//sp-edge.com/updates/34084"> Ultra Accuracy </a> , a new feature for its GoFa cobot family which enables them to achieve a path accuracy of 0.03 mm. Moreover, in June, the company also <a href="https:<br>
//sp-edge.com/updates/30189"> launched OmniCore </a> , an advanced robotics automation platform that enables users to create robotic automation applications.</p>

ABB Robotics sponsors MassRobotics to support robotics startups

<div>
 <p>Sensirion, a company specializing in sensors and sensor solutions, has introduced the STS4L. This product is touted as the most affordable temperature sensor on the market. The STS4L falls under the umbrella of Sensirion's STS4x temperature sensor series, and is specifically engineered for applications that are limited in terms of space.</p>
 <p>The STS4L temperature sensor is completely digital and comes in a compact size of 1.5 x 1.5 x 0.5 mm. The sensor boasts an accuracy rate of ±0.4°C and comes with enhanced signal processing capabilities. Furthermore, the STS4L features three unique I²C addresses and supports communication speeds of up to 1 MHz.</p>
</div>

Sensirion launches STS4L temperature sensor

<div>
 
 <p>Avathon (previously known as SparkCognition) is a company that offers AI analytics solutions. It has recently launched a new system-level industrial AI platform.</p>
 <p>This AI platform aims to tackle a range of industrial problems, such as maximizing the uptime of high-cost assets, facilitating efficient manufacturing increase, and maintaining industrial worker safety. The platform uses a systems-level strategy to offer solutions for critical and intricate infrastructure.&nbsp;</p>
 <p>In addition, Avathon has revealed plans to move its headquarters to Silicon Valley. This move is part of the company's strategy to position itself within the area's innovation ecosystem.</p>
 
</div>

Avathon launches system-level industrial AI platform

<div>
 <p>Rockwell Automation is collaborating with ground robot manufacturer, Taurob, to create robotic solutions for autonomous industrial operations. This partnership intends to offer comprehensive robotic automation solutions. It will encompass Rockwell's proficiency in automation and digital twins along with Taurob's ATEX-certified robots.</p>
 <p>These solutions will aid industrial organizations to automate inspection and maintenance tasks, augment safety, decrease operational expenses, and advance production efficiency in perilous environments like oil and gas sectors, mining, and chemical facilities.</p>
 
</div>

Rockwell Automation partners with Taurob to provide robotic solutions for industrial operations

<div>
 <p>ABB has introduced an Energy Efficiency Service targeted at manufacturers. This service encompasses consultation, analytical processes and the implementation of tools to enhance the energy efficiency of robots.</p>
 <p>The service is inclusive of three central tools: Standby Energy Optimisation, Program Optimization, and Energy Monitoring and Benchmarking. These tools are designed to evaluate actual energy usage, analyse the function of robot operating programs and keep a consistent check on the energy consumption of robots. ABB asserts that this service will assist manufacturers in cutting costs and offer potential energy savings of up to 30%.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> ABB Robotics has been heavily active in robotic software over the last year, adding several new solutions to its product portfolio. This release marks ABB’s second product release over the past month since it <a href="https:<br>
//sp-edge.com/updates/34084"> launched Ultra Accuracy </a> , a new feature for its GoFa cobot family that enables them to achieve a path accuracy of 0.03 mm. Moreover, in June, the company also <a href="https:<br>
//sp-edge.com/updates/30189"> launched OmniCore </a> , an advanced robotics automation platform that enables users to create robotic automation applications.</p>

All Updates

Locus Robotics raises USD 117 million in Series F funding

Rockwell Automation and Microsoft partner to develop new AI-driven industrial automation solutions

Rockwell Automation to launch AI and robotics solutions at ADIPEC 2024

Locus Robotics opens new global headquarters in Wilmington, Massachusetts

Flexxbotics announces compatibility with LMI Technologies for quality inspection

Honeywell partners with Google to bring Gemini AI to industrial sector

ABB Robotics sponsors MassRobotics to support robotics startups

Sensirion launches STS4L temperature sensor

Avathon launches system-level industrial AI platform

Rockwell Automation partners with Taurob to provide robotic solutions for industrial operations

ABB Robotics launches Energy Efficiency Service for manufacturers

Smart Factory

Locus Robotics raises USD 117 million in Series F funding

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