Industrial robots and warehouse automation are lucrative intermingling markets, as evidenced by Berkshire Grey. The Lexington, Massachusetts-based company, which combines AI and robotics to automate omnichannel fulfillment for retailers, ecommerce, and logistics enterprises, today announced that it has secured a mammoth $263 million in series B funding led by SoftBank. Khosla Ventures, New Enterprise Associates, and Canaan participated in the round. CEO Tom Wagner says the fresh capital will fuel the startup’s global expansion, acquisitions, and team growth.
WASHINGTON – AMERGINT Technologies, Inc. in Colorado Springs, Colo., has completed the purchase of the Collins Aerospace space-based optics business from Raytheon Technologies Corp. C4ISRnet reports. Continue reading original article
WASHINGTON — The State Department has made a determination approving a possible Foreign Military Sale to the Government of Japan of thirty-two (32) AIM-120C-8 Advanced Medium Range Air-to-Air Missiles (AMRAAM) with support for an estimated cost of $63 million. The Defense Security Cooperation Agency delivered the required certification notifying Congress of this possible sale today.
Burlington-based Desktop Metal Inc. is the latest Massachusetts company to go public this year thanks to an accelerated procedure called a reverse merger.Not including more than a dozen life sciences IPOs this year, Desktop Metal is the fourth Massachusetts company to go public this year. Non-biotech companies that went public this year include daily fantasy sports betting company DraftKings Inc. (Nasdaq: DKNG) which also went public via a reverse merger, Duck Creek Technologies (Nasdaq: DCT) and Amwell.The 3-D printing company announced Wednesday it will become a publicly traded company through a merger deal with a special purpose acquisition company, or SPAC. In a release, Desktop Metal said early Wednesday it had signed a merger agreement with Trine Acquisition Corp. (NYS
FDA warned earlier this week that Thermo Fisher Scientific’s TaqPath test could have a risk of false results. This follows the Waltham, MA-based company exiting its bid to acquire Qiagen for $12.5 billion.
The Boston-based joint venture between self-driving vehicle company Aptiv and Hyundai Motor Group is ramping up hiring in Boston, saying that the pandemic spurs a renovated interest in autonomous means of transportation.
Bedford-based iRobot Corp. breathed a sigh of relief this week with the news that China tariffs won’t raise the costs of the company’s signature cleaning robots. At least, not yet.
WASHINGTON – Shipboard radar experts at Raytheon Technologies Corp. will continue supporting an expensive surface-search radar system for large U.S. Navy warships until a suitable replacement comes online, under terms of a $9.7 million order announced Friday.
Warehouse robotics startup Locus Robotics today announced it has raised $40 million, the bulk of which will be put toward accelerating R&D and the company’s expansion into new markets, including in the EU, where it opened a new headquarters. CEO Rich Faulk says Locus also intends to launch strategic reseller partnerships throughout 2020, following a year in which its number of customer deployments passed 50.
Abbott’s second-quarter earnings showed a mixed bag with pandemic disruptions on the medical device side of the business, and sales of COVID-19 tests driving growth for the diagnostic side.
Bedford-based iRobot Corp. is bracing for the likely impact of China tariffs as soon as next month, as President Donald Trump’s trade war with China threatens to raise the costs of the company’s signature cleaning robots.
Raytheon Technologies delivered the first AN/SPY-6(V)1 radar array for installation on the future USS Jack H. Lucas (DDG 125), the U.S. Navy’s first Flight III guided-missile destroyer. The SPY-6 family of radars performs simultaneous air, missile and surface defense on seven types of U.S. Navy ships.