Skip to main content
https://www.highperformancecpmgate.com/rgeesizw1?key=a9d7b2ab045c91688419e8e18a006621

Symbio is working with Toyota and Nissan to increase robotic assembly efficiency

Bay Area-based AI startup Symbio today announced its “official launch.” Backed by a total of $30 million in funding, the company has struck deals with both Nissan and Toyota to implement its software in U.S.-based factories.

The company says its SymbioDCS technology is capable of dramatically increasing automation with factory robots on the assembly line.

“To the end customer, the proposition is pretty straightforward,” CEO and co-founder Max Reynolds tells TechCrunch. “We’re improving the efficiency of their automation. The high-level goal is to increase the capacity of the factory and enable them to build more product, more quickly, more flexibly. “

The company closed a $15 million Series B in December of last year. That adds to a $12 million Series A in 2018, $2.5 million seed two years prior and a $500,000 pre-seed. This latest round was led by ACME Capital, joining existing investors Andreessen Horowitz, Eclipse Ventures and The House Fund.

Image Credits: Symbio

“Instead of exclusively providing automation solutions, Symbio is also designing the tools that enable the developers and domain experts working in manufacturing to create their own automation solutions and easily adapt them to new tasks,” UC Berkeley professor Anca Dragan said in a statement tied to the news. “To do this, they are building products that leverage AI strengths and human insight in a symbiotic way.”

Founded in 2014, the company employs around 40, mostly engineers, largely based in California. Reynolds explains that the current level of automated manufacturing in automotive is actually far lower than one might expect. “Assembly is less than 5% automated, across the board,” he says. “Even in this core vertical, there’s a ton of headroom and opportunity for growth.”

Toyota is building a tiny utopian prototype city filled with people, robots and AI

Comments

Post a Comment

Popular posts from this blog

How the world’s largest cannabis dispensary avoids social media restrictions

Planet 13 is the world’s largest cannabis dispensary. Located in Las Vegas, blocks off the Strip, the facility is the size of a small Walmart. By design, it’s hard to miss. Planet 13 is upending the dispensary model. It’s big, loud and visitors are encouraged to photograph everything. As part of the cannabis industry, Planet 13 is heavily restricted on the type of content it can publish on Instagram, Facebook and other social media platforms. It’s not allowed to post pictures of buds or vapes on some sites. It can’t talk about pricing or product selection on others.   View this post on Instagram   A post shared by Morgan Celeste SF Blogger (@bayareabeautyblogger) on Jan 25, 2020 at 7:54pm PST Instead, Planet 13 encourages its thousands of visitors to take photos and videos. Starting with the entrance, the facility is full of surprises tailored for the ‘gram. As a business, Planet 13’s social media content is heavily restricted a...
3 comments
Read more

Uber co-founder Garrett Camp steps back from board director role

Uber co-founder Garrett Camp is relinquishing his role as a board director and switching to board observer — where he says he’ll focus on product strategy for the ride hailing giant. Camp made the announcement in a short Medium post in which he writes of his decade at Uber: “I’ve learned a lot, and realized that I’m most helpful when focused on product strategy & design, and this is where I’d like to focus going forward.” “I will continue to work with Dara [Khosrowshahi, Uber CEO] and the product and technology leadership teams to brainstorm new ideas, iterate on plans and designs, and continue to innovate at scale,” he adds. “We have a strong and diverse team in place, and I’m confident everyone will navigate well during these turbulent times.” The Canadian billionaire entrepreneur signs off by saying he’s looking forward to helping Uber “brainstorm the next big idea”. Camp hasn’t been short of ideas over his career in tech. He’s the co-founder of the web 2.0 recommendatio...
Post a Comment
Read more

Billionaire clothing dynasty heiress launches Everybody & Everyone to make fashion sustainable

Veronica Chou’s family has made its fortune at the forefront of the fast fashion business through investments in companies like Michael Kors and Tommy Hilfiger . But now, the heiress to an estimated $2.1 billion fortune is launching her own company, Everybody & Everyone , to prove that the fashion industry can be both environmentally sustainable and profitable. There’s no argument about the negative impacts of the fashion industry on the environment. The textiles industry primarily uses non-renewable resources — on the order of 98 million tons per year. That includes the oil to make synthetic fibers, fertilizers to grow cotton, and toxic chemicals to dye, treat, and produce the textiles used to make clothes. The greenhouse gas footprint from textiles production was roughly 1.2 billion tons of CO2 equivalent in 2015 — more than all international flights and maritime shipments combined (and a lot of those maritime shipments and international flights were hauling clothes). The lit...
Post a Comment
Read more