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A spin-out from Nanyang Expertise College in Singapore, Handplus Robotics has a longtime distribution community inside Singapore and Malaysia, which Flexiv hopes to leverage to broaden its buyer base. The corporate makes a speciality of robotic decide and place functions for logistics, e-commerce achievement, warehousing, medical providers and healthcare industries.
“This partnership with Handplus will allow extra end-users to make the most of the alternatives afforded by adaptive robotic expertise,” Owen Wu, Flexiv’s Senior Gross sales Supervisor for the Asia Pacific area, stated in a launch. “We have now seen substantial development over the previous two years, and this strategic partnership with Handplus will allow us to broaden our market presence with out compromising the service we offer to our purchasers. Working collectively, Flexiv and Handplus will allow personalized good options to be created, which is able to scale back the results of labor bottlenecks and reduce the ROI interval.”
Flexiv has been working to develop its distribution community during the last two years. For instance, in November 2022, the firm partnered with Sycodal, its first Canadian distributor. Sycodal has sole integrator rights for Flexiv robots for everything of Quebec as a part of the distribution settlement.
In July 2022, Flexiv introduced it closed a Collection B+ funding spherical with an funding of almost $100 million. In accordance with the corporate, the most recent funding makes the corporate a unicorn startup.
Flexiv spun out of Stanford College in 2016. It was based by Shiquan Wang, now the CEO, Xiyang Yeh, now the CTO, and Shuyun Chung, now the chief robotics scientist. In 2020, Flexiv introduced in over $100 million in a Collection B spherical of funding, and it introduced in $22 million in Collection A funding in 2019.
Flexiv launched its Rizon adaptive robotic in April 2019, and in the present day it gives three completely different Rizon fashions, the unique Rizon 4, the Rizon 4s and the Rizon 10. The core options of those adaptive robots embody high-precision and fast-response force-controlled expertise all through the arm.