Fort Robotics secures $ 13 million funding
RPA
Fort Robotics secures $ 13 million funding
Renewable Energy Catapult Blyth
Fort Robotics has closed on $ 13 million in funding led by Prime Movers Lab , an investor in breakthrough scientific startups working to revolutionize the world ' s leading industries . With the new investment , Fort will more than double the size of its workforce and expand its product offerings in key markets . Founder and CEO Samuel Reeves said : " The world is on the cusp of a new industrial revolution in mobile automation . With added investment and support , we ' ll be able to rapidly scale the company to capitalize on the convergence of trend and opportunity to ensure that robotic systems are safely deployed across all industries ." iFROG can save up to £ 150,000 per offshore wind turbine per year .
The multi-robot solution was developed under a three-year project funded by Innovate UK and brought together iFROG developer InnoTecUK , ORE Catapult , TWI and Brunel University London .
Vaarst targets offshore as COVID acts as second spur Vaarst , the tech spin-off of subsea player Rovco , formally launched in March , aiming to revolutionise the offshore robotics sector . Vaarst will leverage intelligent data flows for smart asset management to create an energy-efficient and more sustainable future .
Brian Allen , Vaarst CEO and founder , said : “ Autonomous robotics are the key to reducing the cost of offshore operations . At the same time , digitalisation of field assets is essential as the industry evolves , marrying these two concepts is needed to realise the real benefit of modern tech . It ’ s the data that has to drive the vehicles . Vaarst is committed to unlocking the potential of offshore robotics for all .”
Last year Rovco , which specialises in 3D vision systems and AI , claimed a ‘ world first ’ with SubSLAM Live providing realtime intelligent data collection through 3D streaming technology , allowing customers to view live 3D point clouds on any device globally ‘ with millimetric precision ’.
Professor Robert Buckingham , Director of the UK Atomic Energy Authority ( OBE ), said UK robotics gathered momentum after the financial crash of 2008 , and was perceived as an enabling ‘ horizontal ’ technology cutting across many sectors . energydigital . com 93