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Realtime Robotics, a producer of collision-free autonomous movement planning for industrial robots, has introduced in $9.5 million in funding to satisfy elevated demand for its RapidPlan expertise, lower than a yr after bringing in $14.4 million in funding.  

RapidPlan was launched in June 2022 and goals to scale back the annual value of robotic automation by two-thirds and make the robotic programming course of as much as 5 occasions quicker. The software program calculates robotic paths and avoids collisions throughout operation. With the software program, customers create a digital twin of their robotic work cell in simulation after which level and click on on robots are goal factors to create activity plans. 

“Producers must speed up their adoption of robotics – and rapidly notice a return on that funding – in an effort to enhance their means to adapt and compete in right this moment’s {industry},” Peter Howard, CEO of Realtime Robotics, mentioned. “RapidPlan completely enhances these efforts, enabling the programming, deployment and robotic management to be optimized. Our clever instruments dramatically scale back complexity and the potential for human error, each of which may quickly enhance the price of deploying and working industrial robots. We’re thrilled to use this funding to our scaling and growth efforts as we develop to satisfy the elevated market demand.”

Realtime’s further funding will assist pave the best way for streamlining further time-to-value for patrons, drive different product enhancements incorporating suggestions from prospects and companions, and scale to help further go-to-market efforts. The funding was from Shinhan GIB and Kyobo Life Insurance coverage. 

“There may be at the moment an ideal storm of financial and employment pressures throughout the manufacturing area. That is driving an industry-wide must embrace new applied sciences and approaches to longstanding issues, to change into extra environment friendly and enhance value constructions, whereas nonetheless delivering the merchandise that buyers demand,” Damian S. Kang, Govt Director & Staff Lead, World Fairness Staff, at Shinhan GIB, mentioned. “Realtime’s expertise is an ideal match, permitting organizations to digitally plan robotic utilization whereas making the programming course of quicker and fewer advanced.”

Realtime is a former resident startup of MassRobotics. It moved out in 2019 after it grew to 30-plus workers. You possibly can learn extra in regards to the founding of Realtime Robotics in this profile written by MIT.