The first four companies in the inaugural Healthcare Robotics Startup Catalyst program have been selected by Festo and MassRobotics. The Healthcare Robotics Startup Catalyst is a new program for the global robotics startup community to advance healthcare developments by providing promising companies with investor and customer introductions, access to subject-matter experts, and a range of technical and marketing support resources.
The median cost of maintaining a manufacturing facility is $2.60 per gross square foot (ft2). It is only slightly less ($2.36/gross ft2) for office buildings, which makes maintenance even more expensive than the average cost of utilities ($2.10/ft2) in commercial buildings. In fact, typical maintenance costs are as much as double the cost of leasing the space and are a large contributor to the Total Cost of Ownership (TCO) of any equipment.
Production, warehouse, shipping — where goods are produced, stored, sorted or packed, picking also takes place. This means that several individual goods are removed from storage units such as boxes or cartons and reassembled. With the FLAIROP (Federated Learning for Robot Picking) project Festo and researchers from the Karlsruhe Institute of Technology (KIT), together with partners from Canada, want to make picking robots smarter using distributed AI methods. To do this, they are investigating how to use training data from multiple stations, from multiple plants, or even companies without requiring participants to hand over sensitive company data.
New cloud-based, IoT-enabled equipment health monitoring and predictive maintenance systems are the first of many exciting AI-based (artificial intelligence) smart manufacturing applications to combine embedded human knowledge and advanced engineering automation to address long-term production challenges facing automotive, industrial, biopharma, and oil and gas manufacturing.
Toronto-based Validere, a venture-backed oil and gas IoT and artificial intelligence platform has raised $7 million in seed funding to transform oil and gas trading and logistics through reliable data and Artificial Intelligence (AI) insights.