SShortSingh.
Back to feed

Proception Settles Tesla Trade Secret Lawsuit, Raises $11M for Robot Hand Tech

0
·1 views

Robotics startup Proception has settled a trade secret lawsuit brought by Tesla and simultaneously announced an $11 million funding raise. The company specializes in developing robotic hand technology, which remains one of the most challenging frontiers in robotics. Proception is pursuing a distinctive approach to gathering training data to improve dexterous robotic hands. The settlement and fresh funding signal the company's intent to move forward and accelerate development of its core technology.

Read the full story at TechCrunch

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
TechnologyThe Verge ·

Supreme Court rules Trump can fire FTC commissioners, ending agency independence

The U.S. Supreme Court ruled 6-3 in Slaughter v. Trump that President Donald Trump had the authority to dismiss the Federal Trade Commission's two Democratic commissioners. The decision overturns decades of legal precedent rooted in the 1935 Humphrey's Executor ruling, which had previously allowed independent agency commissioners to be removed only for cause. The ruling significantly expands presidential control over federal regulatory agencies. It marks a major shift in the balance of power between the executive branch and historically independent bodies like the FTC.

0
TechnologyTechCrunch ·

Rocket Lab acquires satellite firm Iridium in $8B all-stock deal

Rocket Lab has announced the acquisition of satellite company Iridium in an all-stock transaction valued at $8 billion. The deal expands Rocket Lab's capabilities and strengthens its position in the competitive space industry. The acquisition marks another step in Rocket Lab's ongoing buying spree as it scales up its operations. The move is seen as a strategic effort to better compete against major rivals such as Amazon and SpaceX.

0
TechnologyThe Verge ·

Blackstone Founder Roger Dahle on Acquiring Weber and Navigating Tariffs and Antitrust

Roger Dahle, CEO of Weber Blackstone, recently appeared on The Verge's Decoder podcast to discuss how his company came to acquire the iconic Weber grill brand. Dahle founded Blackstone, a flat-top griddle company, in 2008, and the brand surged in popularity during the pandemic after smashburger videos went viral on TikTok. The acquisition of Weber — a legacy grilling company that had struggled in recent years — was delayed for some time due to an antitrust review by the Federal Trade Commission. Dahle discussed the challenges of manufacturing overseas and importing products amid high tariffs, as well as efforts to break down internal silos at Weber and build a unified company culture. The conversation also touched on how semiconductor shortages are affecting Weber's connected thermometer product line.

0
TechnologyThe Verge ·

Rocket Lab to acquire Iridium Communications for $8 billion to rival SpaceX

Rocket Lab has announced a plan to acquire Iridium Communications in an $8 billion deal. The merger will combine Rocket Lab's launch services and spacecraft manufacturing capabilities with Iridium's established satellite communications network. Iridium currently serves over 2.5 million subscribers worldwide through a constellation of 66 low-Earth orbit satellites using L-band spectrum. The network supports connectivity for users in remote locations, including those aboard ships and aircraft. The acquisition is seen as a strategic move to better position Rocket Lab as a competitor to SpaceX in the satellite communications market.

Proception Settles Tesla Trade Secret Lawsuit, Raises $11M for Robot Hand Tech · ShortSingh