The Olis Join system permits a person to watch, diagnose, and remotely management robots from wherever. It might probably transfer a robotic out of its error place, launch its grip on a component inflicting an issue, and even use the robotic to take away a nasty half from a machine. The system makes for quick and straightforward restoration, and will get a producing course of again on monitor in minutes as an alternative of hours or days.
Olis Robotics, specialists in distant monitoring, management, and error restoration know-how for industrial robots, immediately introduced that it has raised $4.1 million funding in a spherical led by PSL Ventures. Extra buyers embrace Tectonic Ventures, Ubiquity Ventures, in addition to a number of distinguished strategic angel buyers, together with robotics pioneer Daniel Theobald, the President and Cofounder of MassRobotics and Founder and Chairman of Vecna Robotics.
“Now we have deployed 1000’s of robots up to now twenty years as an organization. Given the present labor challenges, we count on a majority of these to be retrofitted with Olis know-how throughout the subsequent couple of years.”
By safely enabling distant monitoring, management, and troubleshooting of business robots, Olis Robotics’ distinctive ‘Olis Join’ system considerably improves General Tools Effectiveness (OEE), successfully addressing expensive robotic downtime.
“Within the midst of a worldwide manufacturing labor disaster, corporations are adopting automation in document breaking numbers, leading to calls from each producers and integrators for strong, secure, and safe distant monitoring, diagnostics, and management options,” says T.A. McCann, accomplice at PSL Ventures, who joins Olis Robotics’ Board of Administrators. “Olis Robotics’ distinctive distant robotic management know-how solutions that decision; it could simply be deployed on each model new and legacy automation, which implies a dynamic and thrilling market alternative for buyers.”
“Robotic downtime can value a big plant over $1 million per hour. When each minute counts, it’s essential to leverage distant instruments to react as shortly as doable irrespective of the place you’re,” says Fredrik Ryden, CEO of Olis Robotics.”Our know-how is ingeniously easy to make use of and intensely sensible by way of its impression.”
Olis Join is managed instantly in an internet browser and delivered on an edge-hosted PC that may be shortly linked to each model new and legacy industrial robotic arms and robotic cells. The system works throughout robotic manufacturers, with Olis Robotics presently offering full assist for robots from Common Robots and FANUC, addressing roughly 20% of the operational inventory of greater than 3.5 million industrial robots deployed worldwide. With its new funding, Olis is including assist for extra robotic manufacturers representing greater than half of all industrial robots. The funding may also assist broaden partnerships with robotic system integrators in North America and develop new software program merchandise.
“With the ability to remotely function industrial robots is a sport changer for us and the trade as a complete,” says Brad Sparkman, President and CEO of Progressive Ending Options (IFS), an Olis Robotics Accomplice and main integrator of FANUC paint robots for the automotive trade. “Now we have deployed 1000’s of robots up to now twenty years as an organization. Given the present labor challenges, we count on a majority of these to be retrofitted with Olis know-how throughout the subsequent couple of years.”
Silas Robertson, SVP of Gross sales and Advertising at Utilized Automation and an Olis Robotics Accomplice, emphasizes how Olis Join empowers corporations to leverage their greatest robotic programmers wherever on the earth: “What actually excites me about what Olis brings to the market is the power to unlock firm assets via distant robotic entry in actual time, finally offering higher assist for patrons and their robotic purposes.”
As soon as Olis’ plug & play system is put in and safe distant entry has been configured, customers can monitor and handle their automation remotely from wherever through any browser-capable system. If an issue happens with the robotic, Olis Join sends out an alert through a safe connection to the person’s system all with out connecting to the cloud – a key consideration given the threats surrounding immediately’s industrial cybersecurity panorama. Customers can then use the system to remotely carry out error restoration actions corresponding to releasing its grip on a component or transferring the robotic from its error place.
Olis Join gives customers with a novel distant error correction performance, which implies that they’ll get robots again up and operating remotely, decreasing downtime from hours to mere minutes. Three cameras present low latency monitoring of all the cell, enabling 24/7 measurement of Key Efficiency Indicators corresponding to OEE and immediate, on demand video replay to forensically diagnose the foundation explanation for any error.
Leveraging the Olis Robotics crew’s experience in industrial robotic security, Olis Join is designed to offer distant entry with out violating the robotic’s current security permissions and restrictions. Which means velocity, acceleration, and joint restrict settings on the robotic are at all times obeyed when distant controlling the arm.
A document 517,385 new industrial robots have been put in worldwide in 2021, in keeping with the World Robotics Report 2022 from the Worldwide Federation of Robotics (IFR), pushed by a number of things from labor shortages and reshoring initiatives to rising ecommerce demand. The IFR expects annual development charges within the medium to higher single-digit vary.
“Along with the market want and alternative, we love backing technical founders with a transparent place to begin and an enormous imaginative and prescient. Fredrik is a kind of sorts of founders,” says T.A. McCann, accomplice at PSL Ventures.
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About Olis Robotics
The corporate is a by-product from the College of Washington and is positioned in Seattle’s Fremont neighborhood. The progressive industrial telerobotic options of Olis Robotics are the results of R&D with the US Navy and NASA. Olis Robotics has taken this know-how developed for difficult distant robotic operation environments and optimized it for industrial automation purposes. For extra data, go to https://olisrobotics.com.
About PSL Ventures
PSL Ventures is a enterprise capital fund positioned in Seattle, WA. The fund is affiliated with Seattle-based startup studio Pioneer Sq. Labs, and invests in pre-seed and seed stage corporations — each spun from and separate from the studio. The group companions with distinctive founders on the earliest phases to assist construct and spend money on market-defining know-how corporations, primarily within the Pacific Northwest.
For extra data, go to www.psl.com.