Realtime Robotics Receives Investment From Mitsubishi Electric Corporation

Realtime Robotics, a Boston, MA-based company which specializes in collision-free autonomous motion planning for industrial robots, received an investment from Mitsubishi Electric Corporation.

The amount of the deal was not disclosed.

This is the lead investment in Realtime Robotics’ recently opened Series B round. Mitsubishi Electric was also a participant in the Series A round.

The company intends to use the funds for the refinement and scalability of its robot workcell optimization and runtime solutions.

Led by CEO Peter Howard, Realtime Robotics specializes in automatic, collision-free motion planning for industrial robots. Its technology generates optimized motion plans and interlocks to achieve the shortest possible cycle time in single and multi-robot workcells. The company’s solutions expand the potential of automation, empowering multiple robots to work closely together in unstructured and collaborative workspaces, reacting to dynamic obstacles the instant changes are perceived.

Customers, including automotive manufacturers BMW and Volkswagen Commercial Vehicles, as well as integrators Valiant TMS and Schaeffler Group, have reported improved cycle times, reduced downtime, and increased throughput as a result of working with Realtime.

FinSMEs

28/05/2024