- The AI startup will integrate its software in the U.S based factories of the auto giants
- This alliance will drastically increase the automation of the assembly line using factory robots, the company stated
Symbio, an AI-based robotics company located in Bay Area, California, has reportedly announced deals with Japanese auto giants Toyota and Nissan for increasing the efficiency of their robotic assembly line. The company will first implement its software in factories based in the United States.
The startup is financially supported by a total funding of USD 30 million. This round of funding was initiated by ACME Capital, existing investors The House Fund, Eclipse Ventures, and Andreessen Horowitz. In December 2020, the company completed a Series B funding round of USD 15 million. This comes after they closed a USD 12 million Series A funding back in 2018.
The startup has apparently stated that its SymbioDCS tech will be able to drastically enhance the automation process of the assembly line using factory robots. Max Reynolds, co-founder and CEO of Symbio, reportedly stated that the company aims at increasing the capacity of the factory, thus enabling the end customers to build more product with flexibility and that this can be attained by enhancing the automation efficiency of Nissan and Toyotaâ€™s assembly lines.
He further added that in a core vertical like automotive, there are tons of growth opportunities for the company, with only 5 percent of the assembly setup across the industry currently automated, which is far lower than expected.
In a statement related to the news, UC Berkeley professor Anca Dragan apparently expressed that Symbio is not only offering automation solutions to their clients but are also designing tools that will allow developers and experts in the manufacturing domain create customized automation solutions, making them adaptable to new tasks.