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Daily Archives: September 4, 2021
The Present And Future Of Farm Automation – WILL News – Illinois Public Media
Posted: September 4, 2021 at 6:20 am
The Farm Progress Show is this week in Decatur,where the agriculture industry comes together totalk about the latest and greatest techniques and technology. Wetalked about the past, present and future of automation on the farm with the Chief Scientist at the Illinois Autonomous Farm, the Director of Strategic Initiativesfrom Raven Applied Technology, and the Editorial Director from Farm Progress.
GUESTS:
Dr. Girish Chowdhary
Associate Professor of Agricultural and Biological Engineering and Computer Science atthe University of Illinois at Urbana-Champaign and Chief Scientist at the Illinois Autonomous Farm
Dominic Walkes
Director of Strategic Initiatives for Raven Applied Technology
Willie Vogt
Editorial Director for Farm Progress
Prepared for web by Owen Henderson
Help shape our coverage on The 21st by joining our texting group and answering weekly questions. To join,text TALK to217-803-0730or sign up with your phone number below:
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Global Automated Guided Vehicle Market 2017 – 2027 to Witness Significant Growth Due to Increased Demand for Automation – ResearchAndMarkets.com -…
Posted: at 6:20 am
DUBLIN--(BUSINESS WIRE)--The "Global Automated Guided Vehicle Market, By Product Type (Tow Vehicles, Others), By Battery Type (Lead, Others), By Navigation Technology (Laser, Others), By Application (Assembly, Others), By End User Industry, Estimation & Forecast, 2017 - 2027" report has been added to ResearchAndMarkets.com's offering.
The global automated guided vehicle market held a market value of USD 2,931.8 Million in 2020 and is forecasted to reach USD 5,519.1 Million by the year 2027. The market is anticipated to witness a growth rate of 10.3% over the forecast period.
The market volume in 2020 was about 1,09,400 Units and this volume is expected to grow at a rate of 9.5% till 2027.
Automated guided vehicles are wheel-based and computer-controlled load carriers, which can travel on a facility's floor without an onboard driver or operator. A combination of sensor-based guidance systems and software directs their movement.
The market is anticipated to grow owing to the growing demand for automation in materials across the handling processes in various industries. Furthermore, the advanced material technology coupled with the growing demand for AGV from the retail sector is also expected to boost market growth.
The high installation, maintenance, and switching costs are expected to negatively impact the market growth. Due to these high costs, manufacturers are likely to not choose the automated guided vehicles, which restrain the market growth. During the COVID-19 pandemic, the automated guided vehicles market faced huge losses due to the closure of manufacturing facilities and low or negligible demand from the end-users in the industry.
Growth Influencers:
Growing demand for automated guided vehicles from the retail sector
The e-commerce industry globally is growing at a fast pace, especially in areas such as online retailing combined with high urban density and elevated customer expectations for shorter delivery times. Due to the increasing customer demands, retail companies and manufacturers are shifting to novel material handling and automated solutions. Automated guided vehicles ease the rising pressure faced by online retailers for shipping customer orders efficiently with reduced fulfillment costs. This is anticipated to fuel the growth in the market.
Increasing demand for automation in material across handling processes in various industries
The increasing need for high efficiency in healthcare, automotive, food & beverages, and e-commerce industries, among others is boosting the demand for automated guided vehicles. Industrial facilities benefit from the AGV-enabled automation, which can meet the requirements related to the reduction of production time and improving the material handling capacity. It also is likely to reduce the chances of human errors and enhance the safety of individuals, while ensuring production volumes and also increasing repeatability and accuracy. Using automated guided vehicles also allows for computerized control of receiving assembled parts, just in time delivery of raw materials, and also the accurate tracking of shipped goods. Therefore, this is increasing the demand for automation in materials across handling processes in various industries, hence fuelling the market growth.
The global Automated Guided Vehicle market report provides insights on the below pointers:
The global Automated Guided Vehicle market report answers questions such as:
Key Topics Covered:
Chapter 1. Research Framework
Chapter 2. Research Methodology
Chapter 3. Executive Summary: Global AGV Market
Chapter 4. Global AGV Market Overview
Chapter 5. AGV Market Analysis, By Product Type
Chapter 6. AGV Market Analysis, By Battery Type
Chapter 7. AGV Market Analysis, By Navigation Technology
Chapter 8. AGV Market Analysis, By Application
Chapter 9. AGV Market Analysis, By End-user Industry
Chapter 10. AGV Market Analysis, By Region/Country
Chapter 11. North America AGV Market Analysis
Chapter 12. Europe AGV Market Analysis
Chapter 13. Asia Pacific AGV Market Analysis
Chapter 14. Japan AGV Market Analysis
Chapter 15. Middle East & Africa AGV Market Analysis
Chapter 16. South America AGV Market Analysis
Chapter 18. Company Profile
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/ffwwyx
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Global Automated Guided Vehicle (AGV) Markets Report 2021: Focus on Unit Load Carriers Two Vehicles, Pallet Trucks & Assembly Line Vehicles -…
Posted: at 6:20 am
DUBLIN--(BUSINESS WIRE)--The "Global Automated Guided Vehicle (AGV) Market" report has been added to ResearchAndMarkets.com's offering.
Increase in demand of material handling equipment to improve operational efficiency in industrial processes will drive the market growth.
Market Drivers
Increase in adoption of AGVs due to its benefits such as reduced labor costs, increased productivity, reduced product damage and scale to support automation processes which is expected to boost the global automated guided vehicle (AGV) market growth.
Furthermore, increase in collaboration and partnership activities in retail and logistics related companies will have the positive impact on market growth.
Moreover increase in demand for automation in material handling processes across industries will have the positive impact on market growth during this forecast period.
Market Restraints
However, high installation, maintenance, and switching cost is the major challenging factor which is expected to hinder the global automated guided vehicle (AGV) market growth. Also, increase in use of mobile robots in retail and e-commerce industries will obstruct the market growth during this analysis period.
Market Key Players
Various key players are discussed in this report such as Toyota Industrial Equipment Manufacturing Inc., Bastian Solutions LLC, Daifuku CO. Ltd., Dematic GMBH & Co. KG, Egemin Automation Inc., EK Automation, Frog AGV Systems B.V., JBT Corporation, and Kollmorgen
Key Questions Addressed by the Report
Key Topics Covered:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Automated Guided Vehicle (AGV) Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Automated Guided Vehicle (AGV) Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Automated Guided Vehicle (AGV) Market Share Analysis, By Type
5.3 Global Automated Guided Vehicle (AGV) Market Size and Forecast, By Type
5.3.1 Unit Load Carrier
5.3.2 Two Vehicles
5.3.3 Pallet Trucks
5.3.4 Assembly Line Vehicles
5.3.5 Others
6 Global Automated Guided Vehicle (AGV) Market , By Industry Vertical
6.1 Y-o-Y Growth Comparison, By Industry Vertical
6.2 Global Automated Guided Vehicle (AGV) Market Share Analysis, By Industry Vertical
6.3 Global Automated Guided Vehicle (AGV) Market Size and Forecast, By Industry Vertical
6.3.1 Retail
6.3.2 Logistics
6.3.3 Food & Beverages
6.3.4 Healthcare
6.3.5 Automotive
6.3.6 Others
7 Global Automated Guided Vehicle (AGV) Market, Application
7.1 Y-o-Y Growth Comparison, Application
7.2 Global Automated Guided Vehicle (AGV) Market Share Analysis, Application
7.3 Global Automated Guided Vehicle (AGV) Market Size and Forecast, Application
7.3.1 Transportation
7.3.2 Distribution
7.3.3 Storage
7.3.4 Assembly
7.3.5 Packaging
7.3.6 Others
8 Global Automated Guided Vehicle (AGV) Market, By Region
8.1 Global Automated Guided Vehicle (AGV) Market Share Analysis, By Region
8.2 Global Automated Guided Vehicle (AGV) Market Share Analysis, By Region
8.3 Global Automated Guided Vehicle (AGV) Market Size and Forecast, By Region
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/n0xsto
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Rockwell Automation $50,000 Donation Supports Red Cross Efforts Following Hurricane Ida and Afghanistan Events – Yahoo Finance
Posted: at 6:20 am
MILWAUKEE --News Direct-- Rockwell Automation
Photo courtesy of American Red Cross
MILWAUKEE, September 2, 2021 /3BL Media/ - Rockwell Automation has made a $50,000 donation to the American Red Cross to support the organizations Hurricane Ida disaster relief efforts and humanitarian relief efforts for military, veterans, and evacuees following the recent unrest in Afghanistan.
The Red Cross is working across four southern states following the heartbreaking damage left behind by Hurricane Ida as its remnants threaten more than 60 million people from the Mid-Atlantic to New England with potential flash flooding. More than one million schools, homes, and businesses in Louisiana, Mississippi, and Alabama remain without power as heat advisories remain in effect in some areas. The Red Cross is working non-stop to provide safe shelter and comfort for the tens of thousands of people whose lives have been forever changed by these disasters.
It is tragic to see so much of our country impacted by this powerful storm including families evacuated from their homes with only a few personal belongings, said Rockwells Patricia Contreras, vice president, Public Affairs. We embrace our longstanding relationship with the Red Cross and the opportunity to support their front-line efforts to help so many who are in need.
Additionally, hundreds of Red Cross volunteers have responded to the needs of U.S. citizens and others who have evacuated Afghanistan. This includes onsite volunteers at Fort Bliss in Texas, Fort McCoy in Wisconsin, and Joint Base Dix-McGuire-Lakehurst in New Jersey to assist with basic human needs and providing health and mental health services. The Red Cross expects to care for the thousands of evacuees for possibly up to two months and more are expected in the coming days. The Red Cross is also working closely with the Department of Veteran Affairs to assist military and veteran families.
Learn more about how the Red Cross is supporting Afghanistan needs and Hurricane Ida disaster relief. Rockwells latest donation follows a recent $15,000 contribution to support Haiti earthquake relief efforts. Additionally, the company will use its internal Red Cross microsite as a portal for its employees to support the non-profits various relief efforts.
View additional multimedia and more ESG storytelling from Rockwell Automation on 3blmedia.com
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Ben Yerushalmi Joins Automation Anywhere as SVP, Global Alliances and Channels – ChannelE2E
Posted: at 6:20 am
by Sharon Florentine Sep 2, 2021
Robotic process automation (RPA) solutions company Automation Anywhere has announced channel executive Ben Yerushalmi has joined the company as its senior vice president of global alliances and channels.
Yerushalmi joins Automation Anywhere from Salesforce where he spent the last seven years building and leading alliance teams globally, according to a statement released by the company. His expertise includes driving partner and program strategy, go-to-market initiatives, demand generation and enablement programs designed to grow partners capability, capacity and competency in the channel with a focus on new product launches and strategic acquisitions, according to the statement.
At Salesforce, Ben most recently led the Global Digital 360 Cloud Alliances team focused on products and solutions driving digital transformation. He also served as the board observer for two of Salesforces strategic investment portfolio companies, led the global PwC alliance, managed Salesforces AMER Portfolio PAM team and built the companys Strategic Marketing Cloud Alliances Program, according to the statement.
Prior to Salesforce, Yerushalmi built and led a variety of teams at Oracle and Siebel, most recently in Oracles Global System Integrator (SI) Marketing Cloud Alliances business and Oracles CRM On-Demand Partner Program.
Ben Yerushalmi, SVP global alliances and channels, Automation Anywhere
Chris Riley, chief revenue officer, Automation Anywhere
Chris Riley, chief revenue officer at Automation Anywhere, commented on Yerushalmis appointment:
Bens leadership in the channel will help transform our global partner program to fuel worldwide expansion, build industry-focused automation solutions, while at the same time, enable our customers to accelerate their shift to cloud RPA to increase business resiliency. Bens veteran experience will also help supercharge our partner ecosystem, capacity, and solutions as we enter our next phase of growth.
Yerushalmi said:
The partner ecosystem is critical to enabling our customers to adopt and scale intelligent automation, freeing up knowledge workers to focus on innovation and ultimately improving and transforming the way we work. Automation Anywhere is leading this journey with the worlds only cloud-native, AI-powered RPA platform and I look forward to helping our partners and customers uncover the power of RPA to unleash human potential.
RPA software allows businesses to write code and bots that rapidly automate manual tasks across multiple departments from IT service desks to HR, finance, customer support and more.
The global RPA software market is expected to reach $13.74 billion by 2028, up from $1.57 billion in 2020. The markets compound annual growth rate from 2021 to 2028 is expected to be 32.8%, Grand View Research predicts.
Much of the RPA software industry focuses on enterprise customers. Still, RPA may even eventually catch on in the SMB market as MSPs seek to further automate internal and customer operations.
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Ben Yerushalmi Joins Automation Anywhere as SVP, Global Alliances and Channels - ChannelE2E
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NICE Robotic Process Automation Fuels Smarter Automation Discovery and Hyper-Personalized CX With Tailored AI Capabilities – Business Wire
Posted: at 6:20 am
HOBOKEN, N.J.--(BUSINESS WIRE)--NICE (Nasdaq: NICE) today announced the latest edition of its robotic process automation (RPA) solution with advanced AI capabilities that fast-track achieving organizational and employee goals, The innovative features enable organizations to benefit even more from smarter process recommendations that are deeply customized to support their objectives. Real-time behavioral guidance enables NEVA (NICE Employee Virtual Attendant) to guide agents towards more rapidly increasing first contact resolution (FCR) and customer satisfaction.
NICE RPAs version 7.5 extends support across all phases of the automation lifecycle - from discovery to deployment and driving continuous improvements beyond. Expanded capabilities include:
Barry Cooper, President, NICE Workforce & Customer Experience Group, said, With the announcement of RPA 7.5, we bring to the CX industry smarter automation discovery made possible by our rapid AI capability advancements. Leveraging this unique AI, process automations are more tightly aligned with company needs allowing them to guide agents across each customers unique situation in the moment that matters and in a way that becomes personalized. This transforms interactions into extraordinary service experiences supporting critical business priorities, improving the bottom line.
About NICEWith NICE (Nasdaq: NICE), its never been easier for organizations of all sizes around the globe to create extraordinary customer experiences while meeting key business metrics. Featuring the worlds #1 cloud native customer experience platform, CXone, NICE is a worldwide leader in AI-powered contact center software. Over 25,000 organizations in more than 150 countries, including over 85 of the Fortune 100 companies, partner with NICE to transform - and elevate - every customer interaction. http://www.nice.com.
Trademark Note: NICE and the NICE logo are trademarks or registered trademarks of NICE Ltd. All other marks are trademarks of their respective owners. For a full list of NICEs marks, please see: http://www.nice.com/nice-trademarks.
Forward-Looking StatementsThis press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including the statements by Mr. Cooper, are based on the current beliefs, expectations and assumptions of the management of NICE Ltd. (the Company). In some cases, such forward-looking statements can be identified by terms such as believe, expect, seek, may, will, intend, should, project, anticipate, plan, estimate, or similar words. Forward-looking statements are subject to a number of risks and uncertainties that could cause the actual results or performance of the Company to differ materially from those described herein, including but not limited to the impact of changes in economic and business conditions, including as a result of the COVID-19 pandemic; competition; successful execution of the Companys growth strategy; success and growth of the Companys cloud Software-as-a-Service business; changes in technology and market requirements; decline in demand for the Company's products; inability to timely develop and introduce new technologies, products and applications; difficulties or delays in absorbing and integrating acquired operations, products, technologies and personnel; loss of market share; an inability to maintain certain marketing and distribution arrangements; the Companys dependency on third-party cloud computing platform providers, hosting facilities and service partners;, cyber security attacks or other security breaches against the Company; the effect of newly enacted or modified laws, regulation or standards on the Company and our products and various other factors and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (the SEC). For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company's reports filed from time to time with the SEC, including the Companys Annual Report on Form 20-F. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no obligation to update or revise them, except as required by law.
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Global Automation Market in Textile Industry (2021 to 2025) – Featuring ABB, ATE Private and Danfoss Among Others – ResearchAndMarkets.com – Business…
Posted: at 6:20 am
DUBLIN--(BUSINESS WIRE)--The "Global Automation Market in Textile Industry 2021-2025" report has been added to ResearchAndMarkets.com's offering.
The publisher has been monitoring the automation market in textile industry and it is poised to grow by $405.99 million during 2021-2025, progressing at a CAGR of over 2% during the forecast period.
This report on the automation market in textile industry provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing demand for control devices and applications and favorable government policies.
The automation market in textile industry analysis includes the solution and component segments and geographic landscape. This study identifies technological developments as one of the prime reasons driving the automation market in textile industry growth during the next few years.
Companies Mentioned
The report on automation market in textile industry covers the following areas:
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Key Topics Covered:
1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Five Forces Analysis
5. Market Segmentation by Solution
6. Market Segmentation by Component
7. Customer landscape
8. Geographic Landscape
9. Vendor Landscape
10. Vendor Analysis
11. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/naev1j
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Ushur Forms AI Research Group to Power the Future of Customer Experience Automation – GlobeNewswire
Posted: at 6:20 am
SANTA CLARA, Calif., Sept. 02, 2021 (GLOBE NEWSWIRE) -- Ushur, the leader in AI-powered Customer Experience Automation (CXA), today announced the launch of Ushur AI Lab, a research group dedicated to tackling some of the most pressing issues in natural language processing (NLP), document processing and no-code conversational intelligence. The AI Lab aims to develop innovations that will make it even easier for enterprises to deliver automated, omni-channel, hyper-personalized customer experiences.
Over the last few years, Ushurs AI and machine learning (ML) team has developed key breakthroughs already integrated into Ushurs Customer Experience Automation platform. These include NLP and ML components for conversational tasks, document processing engines and a feature-rich, no-code MLOperations platform. Ushur has filed multiple patents in representation learning for documents, information retrieval from unstructured data, forms processing and tabular information extraction areas.
Customers benefit from these innovations every day when they use Ushur to train and deploy state-of-the-art NLP models. Ushurs no-code AI technology gives business users everything they need to build customer experience automation workflows: data anonymization and privacy protection tools, pre-trained language models, domain-specific datasets and more.
Mike Simmonds, COO at Unum, has said: The ability to rapidly prototype and automate customer journeys has provided Unum with a competitive edge, delighting our customers while allowing our employees to focus on higher-value work.
Now, with the launch of Ushur AI Lab, the company is formalizing its effort to pursue more challenging frontiers in knowledge processing. Positioned with real-world insights from its years of building accessible AI products for the customer experience, the group will aspire to solve industry problems that can only be approached with expert application of artificial intelligence. The AI Labs charter will include collaborative efforts with the research and academic community, including participation in top AI/ML conferences and tech talks and a dedicated blog for sharing insights. The research group will also incorporate an open-source program to share relevant models, tools and datasets with the larger ML ecosystem.
Ushur has appointed Vijayendra (Viju) Shamanna to lead the initiative. Previously Ushurs Senior Director of Engineering and Data Science, Shamanna has led all of the companys key ML innovations over the past three years.
Shamanna brings almost twenty-five years of experience in software and systems engineering, much of it spent in leadership positions spanning domains such as data center infrastructure, cloud-native applications and applied machine learning. Prior to Ushur, Shamanna bootstrapped the India engineering team for Vexata, a disruptive enterprise storage startup acquired by StorCentric. At Sandisk India, he led the emerging systems group that developed hyper-scale, disaggregated flash storage systems optimized for big data.
I believe that larger trends in ML research, such as self-supervised learning (SSL), multi-modal and representational learning, have the potential to deliver on the cornerstones of intelligent automation: Straight-through processing (STP) and hyper-personalization. Thats just the beginning of what Ushur AI Lab will explore, said Shamanna.
The AI Lab will serve as the connective tissue between fundamental and applied research to usher in the transformative power of AI for knowledge automation. AI-powered experiences are the way of the future, and I encourage ML scientists and data engineers who want to mobilize a category-defining company to join our efforts.
Ushur AI Lab represents our promise to continue creating scalable and accessible AI products as we grow from being a small startup to a customer experience solution provider with a global presence, said Simha Sadasiva, Ushur CEO and Co-founder. Weve seen real traction around innovations that have come out of Ushur AI Lab, such as our data intake and data linking technology. Our customers have learned that they can depend on us for solutions guided by the latest academic insights, but designed for the enterprise.
About Ushur
Ushur delivers the worlds first AI-powered Customer Experience Automation platform that has been purpose-built, from the ground up, to intelligently automate entire customer journeys, end to end. Designed to deliver delightful, hyper-personalized customer experiences through rapid issue resolution and unified, omnichannel engagement, Ushur is the first-of-its-kind system of intelligence. It combines Conversational Automation and Knowledge Work Automation in a No-Code, Cloud-native, SaaS platform to digitally transform every step of the complete enterprise customer experience from Micro-engagements to entire customer journeys. Backed by leading investors including Third Point Ventures, 8VC, Pentland Ventures, Aflac Ventures, and Iron Pillar, Ushurs Customer Experience Automation() solutions are currently in production at some of the leading insurance providers across the globe including Irish Life, Unum, Aetna, Cigna, and Tower Insurance.
Media contact
Theresa Carper
415 848 9175
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Ushur Forms AI Research Group to Power the Future of Customer Experience Automation - GlobeNewswire
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Foretellix closes $32M Series B round; testing and verification of automated driving systems – Green Car Congress
Posted: at 6:20 am
Foretellix, a platform provider automating the testing, verification and validation for automated driving systems (ADAS and AV), has secured $32 million in its latest series B funding round, bringing its total raised capital to more than $50 million. The round was led by MoreTech Ventures, with participation from several strategic investors, including Volvo Group Venture Capital, Nationwide, NI and Japan-Israel High Tech Ventures.
In addition, all series A investors, including 83North Ventures, Jump Capital, OurCrowd and NextGear participated in this new investment round.
Foretellix was founded in 2018 by a team of verification and validation pioneers with a mission to make automated driving systems safe and efficient. Foretellix uses a quantifiable approach to safety and hyper-automation to create and test all possible scenarios these systems may encounter, along with big data analytics to ensure the safety and completeness of the testing processes. This advanced platform is used throughout the development cycle, from the requirements stage through product development, verification and validation.
Foretellix said that it is experiencing a rapid increase in demand for its platform from leading OEMs and Tier1s developing ADAS and AV products, both on and off-road. Foretellix is now commercially engaged with dozens of the largest names in the automotive industry, including Volvo Group and DENSO Corporation.
We look for start-ups that are building the future with technological developments that will transform the transport industry. We believe that with Foretellixs advanced test automation tools and expertise, we can deploy current and future ADS. We have the same clear goal to infuse automation and metrics into the verification and validation process with open standards. The investment and ongoing partnership is a base for increased safety of our leading-edge automated driving systems. We are impressed by Foretellix and we believe that together we can add considerable value to the development of the business in the future.
Martin Witt, VP and Head of Volvo Group Venture Capital
In addition to the Volvo Group Venture Capital investment, Volvo Autonomous Solutions formed a closer partnership with Foretellix earlier this year with the aim of jointly creating a coverage-driven verification solution for autonomous driving that operates both on public roads and in restricted areas.
Volvo Autonomous Solutions and Foretellix entered into a partnership in March this year. We clearly understand the ongoing progress and the benefits of working with the Foretellix team and their verification platform. Based on our experience, Volvo decided to invest in Foretellix as well.
Nils Jaeger, President and head of Volvo Autonomous Solutions
The role of Volvo Group Venture Capital is to make investments that drive transformation by facilitating the creation of new services and solutions and to support collaborations between start-ups and the Volvo Group.
Against the background of the trends shaping the future of transportation and the strategic priorities of the Volvo Group, the key areas of investment for Volvo Group Venture Capital are logistics services, site solutions and electrical infrastructure. The organisation has a global scope and focuses on Europe and North America.
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Five trends complicating industrial automation cybersecurity and how a standards-based approach is the solution – Security Magazine
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