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Realtime Robotics, a producer of collision-free autonomous movement planning for industrial robots, has introduced in $9.5 million in funding to satisfy elevated demand for its RapidPlan know-how, lower than a yr after bringing in $14.4 million in funding.
RapidPlan was launched in June 2022 and goals to cut back the annual value of robotic automation by two-thirds and make the robotic programming course of as much as 5 occasions sooner. The software program calculates robotic paths and avoids collisions throughout operation. With the software program, customers create a digital twin of their robotic work cell in simulation after which level and click on on robots are goal factors to create activity plans.
“Manufacturers need to accelerate their adoption of robotics – and quickly realize a return on that investment – in order to improve their ability to adapt and compete in today’s industry,” Peter Howard, CEO of Realtime Robotics, stated. “RapidPlan perfectly complements these efforts, enabling the programming, deployment and robot control to be optimized. Our intelligent tools dramatically reduce complexity and the potential for human error, both of which can rapidly increase the cost of deploying and operating industrial robots. We’re thrilled to apply this funding to our scaling and development efforts as we grow to meet the increased market demand.”
Realtime’s extra funding will assist pave the way in which for streamlining extra time-to-value for purchasers, drive different product enhancements incorporating suggestions from clients and companions, and scale to assist extra go-to-market efforts. The funding was from Shinhan GIB and Kyobo Life Insurance.
“There is currently a perfect storm of economic and employment pressures within the manufacturing space. This is driving an industry-wide need to embrace new technologies and approaches to longstanding problems, to become more efficient and improve cost structures, while still delivering the products that consumers demand,” Damian S. Kang, Executive Director & Team Lead, Global Equity Team, at Shinhan GIB, stated. “Realtime’s technology is a perfect fit, allowing organizations to digitally plan robot usage while making the programming process faster and less complex.”
Realtime is a former resident startup of MassRobotics. It moved out in 2019 after it grew to 30-plus workers. You can learn extra in regards to the founding of Realtime Robotics in this profile written by MIT.