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Flexiv’s Rizon collaborative robotic performing PCR testing. | Source: Rizon
Flexiv introduced a partnership with Handplus Robotics, a Singapore-based automation integration firm.
A spin-out from Nanyang Technology University in Singapore, Handplus Robotics has a longtime distribution community inside Singapore and Malaysia, which Flexiv hopes to leverage to increase its buyer base. The firm makes a speciality of robotic choose and place purposes for logistics, e-commerce success, warehousing, medical providers and healthcare industries.
“This partnership with Handplus will enable more end-users to take advantage of the opportunities afforded by adaptive robotic technology,” Owen Wu, Flexiv’s Senior Sales Manager for the Asia Pacific area, stated in a launch. “We have seen substantial growth over the past two years, and this strategic partnership with Handplus will enable us to expand our market presence without compromising the service we provide to our clients. Working together, Flexiv and Handplus will enable customized smart solutions to be created, which will reduce the effects of labor bottlenecks and decrease the ROI period.”
Flexiv has been working to develop its distribution community over the past two years. For instance, in November 2022, the firm partnered with Sycodal, its first Canadian distributor. Sycodal has sole integrator rights for Flexiv robots for the whole thing of Quebec as a part of the distribution settlement.
In July 2022, Flexiv introduced it closed a Series B+ funding spherical with an funding of almost $100 million. According to the corporate, the most recent funding makes the corporate a unicorn startup.
Flexiv spun out of Stanford University in 2016. It was based by Shiquan Wang, now the CEO, Xiyang Yeh, now the CTO, and Shuyun Chung, now the chief robotics scientist. In 2020, Flexiv introduced in over $100 million in a Series B spherical of funding, and it introduced in $22 million in Series A funding in 2019.
Flexiv launched its Rizon adaptive robotic in April 2019, and immediately it affords three completely different Rizon fashions, the unique Rizon 4, the Rizon 4s and the Rizon 10. The core options of those adaptive robots embrace high-precision and fast-response force-controlled know-how all through the arm.