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With funding from a consortium of strategic investors, co-led by General Catalyst and Durable Capital Partners LP with participation from BOND, Lead Edge Capital, Bain Capital Ventures and Raine Ventures, Material Bank is powering a new state-of-the-art, robotics-enhanced logistics center and furthering technology innovation across its ecosystem
Southern California is home to the nation’s largest concentration of warehouses — a hub of thousands of mammoth structures, served by belching diesel trucks, that help feed America’s booming appetite for online shopping and also contribute to the worst air pollution in the country.
SoftBank has picked its bet in China’s flourishing industrial robotics space. Youibot, a four-year-old startup that makes autonomous mobile robots for a range of scenarios, said it has notched close to 100 million yuan ($15.47 million) in its latest funding round led by SoftBank Ventures Asia, the Seoul-base...