In a post shared by X-Europe, MOV.AI was mapped in the AI Landscape of 2020.
Included in the Retail & Supply Chain category, together with other very respectful companies, we can only be proud and thankful for yet another great reference to our efforts and ambition in delivering THE global and universal Operating System for robotics.

Full post: https://cutt.ly/ihoYUIU

On October funding recap, Geektime analyzed how VCs are investing in Israeli startups, with MOV.AI latest Series A round amongst the announced deals.

“Following the month of September, which saw almost $1 billion in fundraising, Israeli startups sustain momentum going into October. This month Israeli startups raised around $731 million in 38 different transactions. Despite the numbers dropping off a bit in comparison to last month, when scaleups took the main bulk of the VC funding, this month we actually saw the trend shift back to focusing on early-stage”

Check the full article here

MOV.AI was one of the companies mentioned in the in the recent study made available by Research and Markets regarding the Warehouse Automation Market forecast for 2026.

Here, some of the key phrases:

“Despite of the temporary reduction in retail and e-commerce caused by lockdown and economic distress in this pandemic, we have seen a strong order intake of warehouse automation in 2020 which may reflect in revenues of these system integrators and manufacturers in 2021 or 2022. At the same time, a revenue dip of 6% is expected in 2020 as compared to our pre-pandemic forecast of 12% growth because projects were put on hold due to supply chain disruption and covid-19 locked down guidelines. It has also increased the order backlog at a record level for warehouse automation players.”

“AGV/AMR market is expected to cross $5B mark by 2026 with a CAGR of ~32%. AMR (without any external support of optical tape, sensor or vision) is going to be the main contributor in retail warehouses due to high demand in the e-commerce sector and its flexibility to deploy the robot without any major change in the existing warehouse infrastructure. However, it is a bit slow in terms of pick rate per hour as compared to ASRS but is preferred in small and medium warehouses due to lower cost and quick deployment. It is expected that AGVs/AMRs are going to have more than 18% market share by 2026..”

“Warehouse automation equipment suppliers and industry consultants expect broadly double-digit growth in sales driven by demographic changes, increased penetration in e-commerce and the advent of the Industrial IoT, that will drive demand for data analytics and automated operations, especially after COVID-19.”

“Existing fully automated systems can reduce warehouse related labour costs by up to 65% and logistics-related spatial use by up to 60% at the same time as it increases the maximum output capacity.”

Know more here:

MOV.AI funding round

We are pleased to announce that we recently closed a $4 million financing round. The fundraising was led by SOMV and existing investors NFX, and Viola Ventures.

The new funding will enable MOV.AI to accelerate product development and allow the company to better support its customers by establishing a customer support group. Pinchas Buharis, managing partner at SOMV, will join the board of MOV.AI.

Motti Kushnir, CEO of MOV.AI, said, “The new funding round recognizes MOV.AI’s vision for the collaborative robot industry. MOV.AI will continue to fortify its position as a leading company in the field of cobots. We are very excited to win our existing investors’ trust and for our new connection to SOMV that will allow us to develop our industrial automation market solution further. The COVID-19 pandemic has accelerated growth in e-commerce, while reducing workforce availability. This development has led to a massive increase in the demand for automation systems and collaborative robots, which can integrate into existing facilities and work collaboratively with humans. “

Pinhas Buchris, General Partner of SOMV said, “We are very happy to team up with Motti and Limor, two very experienced leaders, whom we have known for a long time and want to collaborate with. We strongly believe in them, in the team they have assembled, and in their vision. Investing in start-ups with offerings that supports the acceleration of the digital transformation of customers in industrial Europe, and globally, is an essential part of the State of Mind Ventures investment strategy, so it was very natural for us to join this promising company. In addition, we are happy to expand our cooperation with other funds.”

Gigi Levy Weiss, General Partner of NFX, said, “We have believed in the company’s vision and team since our first investment in it and are very pleased to join SOMV, which will also help realize the vision of simplifying robotic automation.”

Ronen Nir, General Partner of Viola Ventures, said, “In less than two years, the company has built a revolutionary product that realizes the vision of creating a generic software platform for robotics. The new round will allow the company to strengthen management, continue product development, and increase penetration efforts.”

Motti Kushnir

MOV.AI announces the appointment of Motti Kushnir as Chief Executive Officer as of July 1, 2020

In addition, Limor Schweitzer, former CEO and founder was appointed as Chief Technology Officer and will keep leading the company technology vision and strategy.

We welcome Motti Kushnir, An entrepreneur with 20 years of experience in the software industry specialized in establishing new activities and growing them into meaningful businesses. Motti brings rich experience in China, US and Europe markets. Before joining MOV.AI Ltd Motti was the CEO & Co. Founder of  InfinityAR (Acquired by Alibaba), Chief Marketing and Product officer of Telmap (Acquired by Intel) and the VP of Amdocs search and digital advertising division.

Motti
“I’m excited to join MOV.AI Ltd., a pioneer in Robotic Operating Systems in the growing industry of Autonomous Mobile Robots. Limor and the MOV.AI team designed an amazing product, much desired by the industry, and I am confident in the company’s ability to advance the market of autonomous robotics software.”

Limor
“I’m delighted to have Motti join as CEO to take MOV.AI through strategic milestones in sales, brand development, venture capital and corporate development. Motti brings the expertise and enthusiasm needed to implement the company’s strategy taking advantage of the growing world wide demand for advanced autonomous robotics software”.

Automation World_MOV.AI

MOV.AI founder and Chief Technology Office, Limor Schweitzer, will be participating as one of the invited speakers in the upcoming webinar organized by Rajant Corporation.

“Leverage AI and the Latest Technology Innovations to Improve Warehouse Efficiency and Safety.
Rajant, Velodyne and Mov.ai will discuss each of their technologies in detail and show how Rajant solves Wi-Fi coverage issues in warehouses by enabling M2M communications.”


To attend, make use of the following link:
https://www.automationworld.com/home/webinar/21141722/leverage-ai-and-the-latest-technology-innovations-to-improve-warehouse-efficiency-and-safety

LotsOfBots lists TugBot

Our beloved TugBot was recently short listed by LotsOfBots as one of the robots to have in mind for your business, specially if efficiency and adaptability are among your requirements.

LotOfBots:
#Commissioning is one of the most common use case for mobile robots. Depending on the work environment the robots have to meet certain requirements. Finding the right solution from a variety of robots can be difficult.

Therefore we simply give you an overview on #LotsofBots.
Featuring prominent candidates like: MOV.AI
….”

Original post: https://www.linkedin.com/feed/update/urn:li:activity:6673870224023973888/

TNW X_MOV.AI

TNW X, a leading consulting company specializing in digital transformation and innovation, has recently analyzed Portugal’s tech ecosystem, in particular Lisbon. 

They ‘ve identified several companies and institutions that are making a difference on the local digital scene, with good or profitable results, both nationally and abroad.

MOV.AI was one of the companies listed in the “Startups & Scaleups” section of the article, that also included other categories such as:
-Co-Working Spaces;
-Investors & VC’s;
-Accelerators & Incubators;
-Academies & Non- Profit Organisations;

It’s always good to be mentioned in articles such as this one as it serves as a reminder that hard work pays off , especially when our brand is mentioned alongside other very large companies and institutions.

See the original post here:
https://lnkd.in/dJb_UjR

Good news comes with………more good news.

Soon after MEDIUM had considered MOV.AI as “startup of the week”, we were yet again flattered with another recognition, this time coming from SIFTED.

We are proud to be part of the list of Portuguese startups to follow that was recently published by SIFTED.

As mentioned by SIFTED, Portugal has indeed been a haven for creative minds, with the right environment and conditions for companies such as MOV.AI to base their operations here, where best of breed professionals make great ideas “easier” to implement.

Get to know the full list HERE:

Medium, a well-known online publishing platform, owned by Medium Corporation just labelled MOV.AI as startup of the week!

This fills us with pride and rewards the many efforts the team is making, focusing on delivering the best product and experiences to our clients and partners.

Know more here:
https://medium.com/@jennifer_45057/startup-of-the-week-mov-ai-c9377193fa40