Manufacturing AUTOMATION

Realtime Robotics receives strategic investment from long-term partner Mitsubishi Electric

May 28, 2024
By Manufacturing AUTOMATION

Realtime Robotics has secured a strategic investment from Mitsubishi Electric Corporation. This is the lead investment in Realtime Robotics’ recently opened Series B round. Mitsubishi Electric was also a participant in the Series A round, and will reportedly be adding a senior representative to Realtime’s board of directors.
The robotics company shares that it will use the funds to support the refinement and scalability of its robot workcell optimization and runtime solutions, designed to help engineers and manufacturers reduce costs and increase productivity.
Mitsubishi Electric plans to further integrate Realtime Robotics’ motion planning technology into 3D simulators and other software to optimize manufacturing through the power of digital twins. Later, Mitsubishi Electric expects to incorporate the company’s technology into factory automation (FA) control system devices, such as programmable logic controllers (PLCs), servo motors and computer numerical controllers (CNCs), to ensure uninterrupted plant operations by responding to needs for expanded automation capabilities, streamlined plant operations for improved efficiency, and fast responses to unexpected events.
Realtime Robotics’ collision-free path planning technology reportedly provides solutions across the lifecycle of robotic workcells. In iterative design stages, the multi-robot optimization software rapidly generates and evaluates hundreds of thousands of possible solutions to identify the shortest cycle time.
“For years, industrial robot programming has remained a rigid, costly and labour-intensive process. Realtime is helping manufacturers realize the next wave of efficiency improvements necessary to get the most out of their new and existing automation applications,” said Peter Howard, CEO of Realtime Robotics.
“We will utilize these funds to accelerate the development of additional interfaces, driving toward full industry-wide accessibility in an increasingly user-friendly and efficient manner,” added Howard. “Mitsubishi Electric understands manufacturers’ need to improve efficiency and productivity in the face of rising costs and diversifying customer needs. We’re thrilled to work closely with them to expand the use of our unique motion-planning technology.”

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