Realtime Robotics, an autonomous motion planning company for industrial robots and autonomous vehicles, has announced that it has completed a $31.4 million Series A round. Realtime Robotics offers flexible robot control capabilities, built on real-time collision-free motion planning technology.
Realtime’s products enable single or multiple robots to operate autonomously at full speed in unstructured and uncaged environments. Deployed, updated and/or re-deployed with minimal programming, Realtime says its robots automate more processes by removing engineering complexity and reducing cycle time, lowering overall expenses, increasing throughput, driving greater operational efficiency and significantly improving ROI.
“As one of the world’s leading voices in Industrial Automation, we understand the importance of improving efficiency at every step of the process”, said Philipp Unterhalt, CEO of the HAHN Group and one of the investors. “Realtime Robotics has taken on this problem with a unique approach – using integrated planning software and controls to speed programming, improve flexibility and improve throughput, simply making industrial automation more affordable and effective”.
Realtime says that the industrial automation market is expected to grow at a “CAGR of 9.3% from 2020 to 2027 to reach $306.2 billion”, so the need for solutions that will help manufacturers, suppliers and logistics companies optimise and scale their use of robotics is ever apparent.
New strategic 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 in concluding this round.
“This investment by some of the world’s leading manufacturers and automation providers stands as a testament to our ability to dramatically improve the value proposition for robotic implementations”, said Peter Howard, CEO, Realtime Robotics. “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”.
Realtime Robotics plans on applying the new funds to accelerating its product rollouts and continuing its investment in innovative enhancements and solutions. The company will deepen its reach in the warehouse automation industry whilst continuing to serve global automotive manufacturers and their supply chain. Realtime will also continue to perfect its “holy grail” collaborative system, which incorporates its proprietary real-time planning technology with other certified system components to enable industrial robots to proactively adapt their motions and avoid unwanted contact with humans, whilst continuously accomplishing their intended tasks.
You can find more information about Realtime Robotics on its website.