Robots are becoming a significant part of leading production operations, according to a new report. The “Advanced Manufacturing 50” is CB Insights’ annual list of promising private, advanced manufacturing companies in the world. Locus Robotics is one of 6 robotics firms to be named to the Top 50 List.
“Some of this year’s winners aim to provide robotic systems to help manufacturers increase productivity and reduce labor costs,” said CB Insights. “Others are developing advanced analytics that will allow manufacturers to maximize the efficiency and quality of their processes, systems, equipment, and more.
The New York-based software vendor’s research team used the CB Insights platform and evaluated more than 6,000 applicants and nominees based on their research and development activity, proprietary Mosaic scores, investor profiles, competitive landscape, and technology novelty, as well as its analyst briefings.