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Mitsubishi Electric Leads Series B Investment in Realtime Robotics
Mitsubishi Electric announced that it led a strategic investment in Realtime Robotics’ Series B round.
What happened
Realtime Robotics announced on May 28, 2024, that it had received a strategic investment from Mitsubishi Electric. The investment led the Series B round. Mitsubishi Electric also participated in the Series A round and plans to appoint a senior representative to the board in the future.
Why it matters
The investment from Mitsubishi Electric will be used to improve and expand Realtime Robotics’ work-cell optimization and runtime control for industrial robots, according to the announcement. It cited uses including finding the shortest cycle time during the design stage and responding to dynamic changes while operating multiple robots in close proximity.
Sources
Translated from the Japanese original: /news/mitsubishidenki-juu-kahan-chou-riichi-no-shingata-sangyouyou-3b1154. The Japanese version is authoritative if they differ.