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Data Center News > Blog > Investments > Realtime Robotics Receives Investment From Mitsubishi Electric Corporation
Investments

Realtime Robotics Receives Investment From Mitsubishi Electric Corporation

Last updated: May 28, 2024 3:54 pm
Published May 28, 2024
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Realtime Robotics

Realtime Robotics, a Boston, MA-based firm which focuses on collision-free autonomous movement planning for industrial robots, obtained an funding from Mitsubishi Electrical Company.

The quantity of the deal was not disclosed.

That is the lead funding in Realtime Robotics’ just lately opened Sequence B spherical. Mitsubishi Electrical was additionally a participant within the Sequence A spherical.

The corporate intends to make use of the funds for the refinement and scalability of its robotic workcell optimization and runtime options.

Led by CEO Peter Howard, Realtime Robotics focuses on computerized, collision-free movement planning for industrial robots. Its expertise generates optimized movement plans and interlocks to realize the shortest attainable cycle time in single and multi-robot workcells. The corporate’s options increase the potential of automation, empowering a number of robots to work carefully collectively in unstructured and collaborative workspaces, reacting to dynamic obstacles the moment modifications are perceived.

Clients, together with automotive producers BMW and Volkswagen Industrial Autos, in addition to integrators Valiant TMS and Schaeffler Group, have reported improved cycle occasions, decreased downtime, and elevated throughput on account of working with Realtime.

FinSMEs

28/05/2024


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See also  PassEntry Raises £5.2M in Funding
TAGGED: Corporation, Electric, Investment, Mitsubishi, realtime, receives, Robotics
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