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Doosan Robotics launched six new cobots in 2020. | Supply: Doosan Robotics
Doosan Robotics, a South Korea-based developer of collaborative robotic arms (cobots), raised $33.7 million in funding from Praxis Capital Companions and Korea Funding Companions. It’ll use the funds to increase its international gross sales base and to strengthen analysis and improvement.
Doosan Robotics additionally stated it plans to pursue an preliminary public providing (IPO) in try and develop into a worldwide market chief.
“We’re wanting ahead to expediting the expansion of our enterprise with the latest funds raised,” stated William (Junghoon) Ryu, CEO at Doosan Robotics. “We are going to additional improve the competitiveness of latest merchandise and software program which are mounted with our proprietary expertise and attempt to achieve the place as primary market share holder within the international cobot market.”
Doosan Robotics named Ryu its CEO in August 2021. Ryu beforehand served on the board of administrators on the firm and because the VP of the company technique workplace at Doosan Group, which owns Doosan Robotics.
Doosan Robotics additionally introduced it offered greater than 1,000 cobots in 2021. It was was based in 2015 by Doosan Group. Doosan Group was established in 1896, and at the moment is likely one of the oldest and largest corporations in South Korea.
Denmark-based Common Robots (UR) stays the clear chief within the cobot market. It advised The Robotic Report it isn’t able to launch its 2021 gross sales numbers simply but, however UR has offered greater than 50,000 cobots worldwide because it was based in 2005. It stated its present gross sales cut up is roughly slightly below 50% in EMEA, roughly 25% in Asia and roughly 25% within the Americas. It claimed its international cobot market share stays between 40-50%.
Doosan Robotics in 2020 launched 4 cobots in its A Collection and one other two cobots within the H Collection. The corporate’s H Collection has the very best payload available in the market of as much as 25 kg (55.1 lbs).
Doosan Robotics stated 70% of its gross sales are worldwide.
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