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One of the major challenges facing engineers as they develop more agile robots is helping them move through space while avoiding collisions, especially in a dynamic environment. RealTime Robotics, a Boston-based startup announced an $11.7 million Series A investment to help solve this problem.
SPARX Asset Management led the round with participation from some strategic investors including Mitsubishi Electric Corporation, Hyundai Motor Company and Omron Ventures. Existing investors Toyota AI Ventures, Scrum Ventures and the Duke Angel Network also pitched in. Today’s investment is actually the culmination of a couple of investments over this year that the company is announcing today, and brings the total raised to $12.9 million.
Robotics - CEO - Peter - Howard - Company
RealTime Robotics CEO Peter Howard says the company’s solutions are grounded in advanced research on robotic motion planning. “We are based on research work done at Duke University in 2016 in the field of work called robotic motion planning, which is basically how a six or seven degree of freedom robot finds its way through space without hitting anything,” Howard told TechCrunch.
It’s an extremely difficult problem to solve, especially in dynamic environments where robots are interacting with humans and other robots, and you can’t necessarily predict with precision the kinds of movements the robot will have...
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