(MENAFN- Robotics & Automation News)
Ally Robotics aims to raise $8.5 million to bring automation to the restaurant industry
May 22, 2022 by David Edwards Leave a Comment
Ally Robotics , a startup making smart and affordable robotic arms, has launched a campaign to raise up to $8.5 million in seed capital via equity crowdfunding site WAX .
Founded by innovative leaders in the robotics and artificial intelligence industry, Ally is already backed by restaurant automation leader Miso Robotics , who has signed a statement of intent to become Ally's first partner and purchase its robotic arms for its Flippy 2 product line, representing a potential revenue of $30 million.
While robotics and automation have helped alleviate the well-documented labor shortage, the majority of robots in the world are too expensive and are only deployed for the most difficult tasks that require heavy lifting or minute precision.
It is nearly impossible for companies struggling in low margin industries to integrate robotics into their operations – especially for use cases that require robots to work side by side with human beings.
In response, Ally Robotics is developing cost-effective and easy-to-use robotic arms to fill a massive market need in the restaurant and hospitality industry, with eventual expansion to other sectors including agriculture, construction and manufacturing.
The unique hardware and no-code software technology that Ally is developing will also enable sensing control so the robotic arm understands the world around it.
Mitch Tolson, CEO and founder of Ally Robotics, says:“Ally isn't content with simply developing and testing our technology in a lab.
“We want to get our robotic arms in the hands of real companies that are creating change for their customers. That is exactly why we've partnered with Miso to integrate Ally arms into Flippy. We see a future where Ally supplies retail-level robotic solutions that are affordable to all and empower every person and robot to do more, together.”
Ally is poised to be a competitive solution among collaborative robotics and service robotics companies – a projected $114 billion combined market by 2027 – and, for Miso specifically, its affordable pricing and smart software will lower the cost of the robotic arm used in Flippy units by 30 percent.
MENAFN22052022005532012229ID1104252770
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.