Emerald Technology Ventures
Canvas Category Consultancy : Company : Venture Capital
Emerald is one of the first venture capital firms to focus on sustainable industrial innovation. From intelligent water efficiency, to smart packaging, to innovations in electrification of transport and industrial automation, Emerald has been at the forefront of sustainability for many years.
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Mantis Robotics Secures $5M to Redefine Robotics through Physical AI
Mantis Robotics, a pioneer in Physical AI for robotic automation, announced it has secured $5M in new investments led by Emerald Technology Ventures with participation from the Amazon Industrial Innovation Fund. This cash infusion will enable Mantis Robotics to scale its operations, enhance its product portfolio, and expand its presence in the rapidly growing industrial robotics market.
Mantis has entered the next frontier in robotics by creating the first adaptive, human-centered robots. The company makes industrial robotic arms that are inherently safe for human interaction, eliminating the need for costly and complex external safeguards such as fences or laser barriers. Mantis’ technology learns and understands its environment based on sensor data from a proprietary built-in sensor-suite. This enables Mantis Robots to detect obstacles and humans in its direct environment and adjust the robot’s behavior accordingly in real-time, making robot arms safe and autonomous.
The robot’s intuitive deployment software with a 3D real-time Digital Twin, requires no technical or coding knowledge to use, making them accessible for diverse industries and users. By reducing operational complexity, Mantis’ robot systems can result in savings of as much as 75% in a typical robotic deployment. The company’s transformative technology has the potential to advance industries far beyond manufacturing and warehousing, paving the way for a new era of human-machine collaboration.
Embotech Receives CHF 23.5 M in Funding to Expand Autonomous Driving Solutions for Logistics in Europe and Beyond
Embotech, an innovator in autonomous driving solutions for industrial logistics, has received 23.5 million CHF (~$27 million USD) in Series B funding to help the company scale its Automated Vehicle Marshalling (AVM) and Autonomous Terminal Tractor (ATT) solutions in Europe, and ultimately in the United States, Middle East, and Asia. The funding round is led by Emerald Technology Ventures and Yttrium, with additional funds from BMW i Ventures, Nabtesco Technology Ventures, Sustainable Forward Capital Fund, RKK VC and existing investors.
Embotech, short for embedded optimization technologies, has already secured landmark multi-year rollout contracts for its AVM solution in finished vehicle logistics and its ATT solution for port and yard logistics applications.
For its AVM business, Embotech has signed a multi-year contract with automaker BMW to install its solution in six passenger car factories worldwide by the end of 2025. With the rollout ongoing since late 2023, Embotech’s technology is already driving hundreds of cars per day through final production and is set to scale up to several thousands of vehicles per day in early 2025. The solution is already operational in BMW’s Dingolfing and Leipzig plants with Regensburg currently in progress. By the end of 2025, the technology will also be operational at BMW’s plant in Spartanburg, South Carolina. Embotech is the only vendor in the market with a certified AVM solution and the only player with experience in a production environment.
New BMW vehicles are guided along a one-kilometer route between two assembly facilities, through a squeak and rattle track, and to the finishing area – with no driver needed at any stage of the journey. The Embotech AVM system requires no changes to the vehicles and uses off-the-shelf LiDAR sensors installed on existing infrastructure. The technology can be adapted for all vehicle models and to changing factory layouts to accommodate growing production volumes and new production layouts. BMW expects to log millions of kilometers over the next decade with this system.
Emerald investment to boost Sea Machines’ autonomous shipping solutions
Cleantech venture capital pioneer Emerald Technology Ventures has invested into Sea Machines, a developer of autonomous shipping solutions, control systems and advanced perception technology for maritime vessels. This USD 12 million funding round, which was joined by Nabtesco Technology Ventures (NTV), Chevron Technology Ventures, RKKVC, Level 2 Ventures, and IMC Ventures, will help Sea Machines hone its technological edge and grow its market presence.
Boston-based Sea Machines Robotics is a global leader in autonomous piloting systems. These systems are meant to help sea vessels navigate and operate with greater efficiency, productivity, and capability. Its proprietary technology allows onboard computers to maintain precise control of vessel position, steering, and speed during a voyage. It can also reroute as needed to avoid traffic and obstacles, and use streaming data to improve operations. The startup also develops solutions for computer vision, remote command and control, and advanced data collection along shipping routes, among other applications.