ProMat roundup: The biggest announcements from Day 1 & 2

CHICAGO — ProMat 2023 is well underway, and the announcements have been coming fas and furious.

The massive trade show, running this week for the first time since 2019, features 1,000 of the top supply chain and logistics companies pitching their latest and greatest solutions to tens of thousands of guests.

As you can imagine, the 500,000-square-foot show floor is jam-packed with firms across industries like robotics, automation, manufacturing, assembly, delivery, fulfillment and information...

https://www.freightwaves.com/news/promat-roundup-the-biggest-announcements-from-day-1-2

OTTO Motors secures $29M to scale self-driving robot platform globally

An OTTO Motors self-driving robot

Clearpath Robotics’ OTTO Motors has closed on $29 million in Series C funding to place more of its self-driving robots into warehouses and manufacturing facilities across the world.

Ontario-based OTTO announced the new funding today, June 1. Investors include Kensington Private Equity Investors, BMO Capital Partners, Export Development Canada (EDC) iNovia Capital and RRE Ventures. 

OTTO produces three models of autonomous robots that operate on a proprietary platform for warehouses and...

https://s29755.pcdn.co/news/otto-motors-secures-29m-to-scale-self-driving-robot-platform-globally