automation

Robotic Forklifts to be Utilized by Walmart in Distribution Centers

Autonomous Forklift Operator
As Walmart works to remain competitive, it’s taking a more piecemeal approach to automation, through partnerships with a range of different robotics firms. On Thursday, the mega-retailer announced a partnership with Fox Robotics, which brings 19 of the Austin-based startup’s robotic forklifts to its distribution centers. Today’s news follows a 16-month pilot, which found Walmart trialing the technology in Distribution Center 6020. DC 6020 is the place where Walmart began trials with Symbotic’s package sortation and retrieval technologies. Following that successful trial, Walmart announced plans to roll out the technology to all 42 of its Regional Distribution Centers — that was nearly double the original target of 25.

“Security Made Simple: Sprinto Secures $20M for Automated Compliance Management”

Sprinto Founders Girish Redekar Raghuveer Kancherla
Sprinto, a security compliance and risk platform, has raised a $20 million Series B round to build more automation into its compliance management platform and widen its customer base to include the wide gamut of companies that operate digitally but aren’t tech-first. Sprinto is working to automate this aspect of security compliance management, which involves vendor risk management, vulnerability assessment, access control, evidence collection and other filing tasks. Sprinto uses a mix of AI, GPTs and its own internal large language model to offer efficiencies in compliance management. The market for automated compliance management solutions already has players such as Vanta and Drata, which Sprinto considers its key competitors. However, Redekar said Sprinto primarily focuses on automating the entire compliance management process and helping businesses build trust.

Viam Expands Beyond Robotics: Introducing Their Revolutionary No-Code Automation Platform

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The no-code development platform previously focused its outreach on robotics firms. They were like, ‘we’re not a robotics company — we do food processing, we do PLC automation, we do boats, we’re not robots.’”Further complicating messaging was the fact that — while the company is simply named “Viam” — its various social media platforms are “Viam Robotics,” owing to the fact that it was unable to secure the four-letter word. Viam’s large office overlooking New York City’s Lincoln Center has a lab space, where members of the local robotics community are invited in to use its platform to develop automation applications. “When people ask me what I do and what [Viam’s software] does, I usually use an example from their life. We are a platform that lives at the intersection of real-world hardware and real-world software and the cloud and machine learning.

“Transformative Leadership: Aaron Levie Pioneers Box’s Third Era with Emphasis on Automating Workflows and AI”

Aaron Levie
A few years later, Levie’s original idea was becoming commoditized, and he switched gears to enterprise content management in the cloud. Traditional enterprise content management, whether on prem or in the cloud, has involved storing, managing, securing and governing unstructured content. Today, the industry is changing once more, and Box is again working to position itself on the forefront of that shift. Levie has always had a knack for seeing where the puck is going, and his company is embracing the software shift toward AI and workflow automation. Last year, Box bought Crooze, a small company that specializes in workflow automation and metadata management with integrations into Box, making it a logical acquisition target.

Accel India backs Nanonets to enhance AI-driven workflow automation

Nanonets Founders
Nanonets, which primarily targets the financial services sector, says its AI platform aims to improve the efficiency of these processes and make them cost-effective. The company’s AI platform uses machine learning architectures to analyze unstructured data from uploaded documents and extract useful information. Nanonets is not alone in the global market for AI-based workflow automation. Consistent revenue growth is one reason investors have been investing in AI startups despite the slowdown in global markets. AI startups in the U.S. receive the most investments, followed by companies in China, U.K., Israel and India.

Breaking Boundaries: Hadrian Automation’s Chief Executive Aims to Breathe New Life into American Manufacturing

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Chris Power, founder and CEO of industrial automation startup Hadrian, is a student of history. “Never before in history has a declining empire beaten a rising empire, ever,” he said in a recent interview. He had been running small e-commerce businesses and had been head of sales and marketing at an enterprise software company in Australia. Construct Capital, WCM, Bracket Capital, Shrug Capital, Lux Capital, A16Z, Founders Fund, S&A, Silent Ventures, Cubit Capital, Caffeinated and other existing investors also participatedc. Power said some customers expressed interest in alternate models, like having Hadrian build a dedicated facility to ensure committed factory capacity.

“Dusty Unveils Revolutionary Model of Its Construction-Laying Robot”

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When it launched in 2019, Dusty’s FieldPrinter added a clever new dimension to the world of construction automation. The little robot is smaller than the first gen, thus allowing it to better move around obstacles. The 23-pound robot sports a wider print head and a bevy of on-board sensors for improved navigation. Today’s news also marks the arrival of FieldPrint Platform, which is centered around BIM-to-field — that’s effectively bringing digital information into real-world construction sites. “Our new FieldPrint Platform supports the seamless flow of data from the design phase, to the field, and back to the trailer,” cofounder and CEO Tessa Lau notes.

Torq, the Cybersecurity Automation Company, Secures $42M in Expanded Series B Funding

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Torq, a self-described “hyperautomation” cybersecurity startup, today announced that it raised $42 million in an extension to its Series B funding round from investors including Bessemer Venture Partners, GGV Capital, Insight Partners, Greenfield Partners and Evolution Equity Partners. “Torq’s approach to a hyperautomation platform works across multiple pillars of the organizational cybersecurity platform, making the organization more resilient.”Smadari co-founded Portland, Oregon-based Torq alongside Ofer Smadari, Leonid Belkind and Eldad Livni in 2020. To that end, Torq lets IT teams create and deploy security workflows designed to integrate with existing cybersecurity infrastructure. Smadari asserts, however, that Torq gives customers the ability to choose which parts of their data are accessible to the Torq platform and where that data’s stored — e.g. According to Smadari, Torq, which makes money by charging an annual subscription, has grown revenue 300% in 2023 on 500% client base growth.

“Debt Boost: Marketing Automation Startup Blueshift Secures $40M Funding”

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Blueshift, a San Francisco-based startup that taps AI to help brands automate and personalize engagement across different marketing channels, has secured $40 million in debt financing from Runway Growth Capital. Blueshift competes with a number of vendors in the marketing automation space, including several who aim to build solutions from the ground up on GenAI. There’s also Pixie, an AI-powered full-stack marketing platform; Aampe, a marketing automation platform for mobile apps; and Connectly, which employs automation to nudge shoppers to complete purchases. As of June 2023, HubSpot had a roughly 37% share of the marketing automation market, followed by Adobe (~7%), Oracle (~7%) and ActiveCampaign (~7%). But it’s a very lucrative venture, marketing automation.