Olis Robotics Secures $4M Funding to Meet Surging Demand for Distant Robotic Administration
Seattle, Washington, August 11, 2023: Olis Robotics, specialists in distant monitoring, management, and error restoration expertise for industrial robots, at the moment introduced that it has raised $4.1 million funding in a spherical led by PSL Ventures. Extra buyers embrace Tectonic Ventures, Ubiquity Ventures, in addition to a number of distinguished strategic angel buyers, together with robotics pioneer Daniel Theobald, the President and Cofounder of MassRobotics and Founder and Chairman of Vecna Robotics.
By safely enabling distant monitoring, management, and troubleshooting of commercial robots, Olis Robotics’ distinctive ‘Olis Join’ system considerably improves General Gear Effectiveness (OEE), successfully addressing pricey robotic downtime.
“Within the midst of a world manufacturing labor disaster, firms are adopting automation in file breaking numbers, leading to calls from each producers and integrators for strong, protected, and safe distant monitoring, diagnostics, and management options,” says T.A. McCann, companion at PSL Ventures, who joins Olis Robotics’ Board of Administrators. “Olis Robotics’ distinctive distant robotic management expertise solutions that decision; it may simply be deployed on each model new and legacy automation, which implies a dynamic and thrilling market alternative for buyers.”
“Robotic downtime can value a big plant over $1 million per hour. When each minute counts, you must leverage distant instruments to react as shortly as attainable irrespective of the place you’re,” says Fredrik Ryden, CEO of Olis Robotics.“Our expertise is ingeniously easy to make use of and intensely sensible when it comes to its affect.”
Olis Join is managed instantly in an internet browser and delivered on an edge-hosted PC that may be shortly linked to each model new and legacy industrial robotic arms and robotic cells. The system works throughout robotic manufacturers, with Olis Robotics at the moment offering full help for robots from Common Robots and FANUC, addressing roughly 20% of the operational inventory of greater than 3.5 million industrial robots deployed worldwide. With its new funding, Olis is including help for extra robotic manufacturers representing greater than half of all industrial robots. The funding may also assist develop partnerships with robotic system integrators in North America and develop new software program merchandise.
“With the ability to remotely function industrial robots is a recreation changer for us and the business as an entire,” says Brad Sparkman, President and CEO of Modern Ending Options (IFS), an Olis Robotics Associate and main integrator of FANUC paint robots for the automotive business. “We’ve deployed hundreds of robots up to now 20 years as an organization. Given the present labor challenges, we anticipate a majority of these to be retrofitted with Olis expertise throughout the subsequent couple of years.”
Silas Robertson, SVP of Gross sales and Advertising at Utilized Automation and an Olis Robotics Associate, emphasizes how Olis Join empowers firms to leverage their greatest robotic programmers anyplace on the planet: “What actually excites me about what Olis brings to the market is the power to unlock firm assets via distant robotic entry in actual time, in the end offering higher help for purchasers and their robotic functions.”
As soon as Olis’ plug & play system is put in and safe distant entry has been configured, customers can monitor and handle their automation remotely from anyplace through any browser-capable system. If an issue happens with the robotic, Olis Join sends out an alert through a safe connection to the consumer’s system all with out connecting to the cloud – a key consideration given the threats surrounding at the moment’s industrial cybersecurity panorama. Customers can then use the system to remotely carry out error restoration actions resembling releasing its grip on a component or shifting the robotic from its error place.
Olis Join supplies customers with a singular distant error correction performance, which signifies that they’ll get robots again up and working remotely, decreasing downtime from hours to mere minutes. Three cameras present low latency monitoring of your complete cell, enabling 24/7 measurement of Key Efficiency Indicators resembling OEE and instantaneous, on demand video replay to forensically diagnose the basis explanation for any error.
Leveraging the Olis Robotics crew’s experience in industrial robotic security, Olis Join is designed to supply distant entry with out violating the robotic’s current security permissions and restrictions. Which means velocity, acceleration, and joint restrict settings on the robotic are all the time obeyed when distant controlling the arm.
A file 517,385 new industrial robots have been put in worldwide in 2021, in accordance with the World Robotics Report 2022 from the Worldwide Federation of Robotics (IFR), pushed by a bunch of things from labor shortages and reshoring initiatives to rising ecommerce demand. The IFR expects annual development charges within the medium to higher single-digit vary.
“Along with the market want and alternative, we love backing technical founders with a transparent start line and an enormous imaginative and prescient. Fredrik is a type of sorts of founders,” says T.A. McCann, companion at PSL Ventures.
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