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Feature Story
EU Probes Amazon's $1.7B iRobot Roomba Acquisition, Tech Startups Secure Massive Funding
Jul 15, 2023 · techtimes.com
Simbe, a robotics company that focuses on in-store inventory monitoring, has secured $28 million in Series B funding, following their successful $26 million Series A funding in 2019. Bedrock, a startup focused on underwater projects, has secured $25.5 million in funding to transform the field of ocean mapping with their autonomous underwater vehicles (AUVs). The company plans to sell the valuable data collected by their AUVs.
Key takeaways
- European Union regulators are investigating Amazon's proposed $1.7 billion acquisition of iRobot due to concerns about competition limitations and data access.
- Swiss startup Verity has raised additional funding to meet the growing demand for supply chain automation, with its drone technology deployed in 16 Ikea warehouses across Europe.
- Pano AI has secured an extension to its Series A funding for its automated wildfire detection system, bringing the total to $37 million.
- Simbe and Bedrock, startups focused on inventory monitoring robots and underwater mapping respectively, have each secured significant funding to expand their operations.