Realtime Robotics, Inc. a Boston, MA-based technology startup that develops and commercializes motion-planning technologies, received an equity investment from Mitsubishi Electric Corporation (TOKYO: 6503).
The amount of the deal was not disclosed.
The company intends to use the funds to accelerate the development of industrial robot systems offering enhanced safety and performance.
Established in March 2016 and led by CEO Peter Howard, Realtime Robotics develops dedicated processors and software based on motion-planning technologies for industrial robots and autonomous vehicles.
Motion planning is the process of calculating and determining the optimized path that a robot should take to reach a goal without colliding with any obstacle.
The company’s motion path planning solution performs the necessary calculations in real time.
Going forward, Mitsubishi Electric expects to launch new industrial robot systems that integrate the company’s motion-planning technologies by 2020. At the same time, Mitsubishi Electric will continue collaborating with other companies as well to further enhance its smart-manufacturing solutions with innovative technologies.
FinSMEs
08/05/2019