Realtime Robotics wins $31M in funding for motion planning tech
June 4, 2021 by Manufacturing AUTOMATION
Realtime Robotics, a developer of autonomous motion planning for industrial robots, has secured $31.4 million during a Series A funding round.
New investors including HAHN Automation and SAIC Capital Management, as well as new institutional investors Soundproof Ventures and Heroic Ventures, join existing investors SPARX Asset Management, Omron Ventures, Toyota AI Ventures, Scrum Ventures and Duke Angels.
Realtime Robotics aims to transform automation with flexible robot control capabilities, built on real-time, collision-free motion planning technology.
The Boston, Mass.–based company’s products enable single or multiple robots to operate autonomously at full speed in unstructured and uncaged environments.
With Realtime, industrial robots can be deployed, updated and/or re-deployed with minimal programming. The technology aims to reduce cycle time and increase throughput.
“Having already realized early deployment success, a broad spectrum of customers and partners are working closely with us to refine features and user experiences, readying our technology for rollouts in their engineering, factory and warehouse operations,” says Peter Howard, CEO of Realtime Robotics in a statement.
Realtime Robotics plans on applying the new funds to accelerating its product rollouts and continuing its investment in enhancements and solutions.
The company will deepen its reach in the warehouse automation industry, while continuing to serve global automotive manufacturers and their supply chain.
Realtime will also continue to perfect its collaborative system, which incorporates the real-time planning technology with other certified system components to enable industrial robots to proactively adapt their motions and avoid unwanted contact with humans.