RIIICO's $5M Boost, Blockticity's Trade Network, and Hexagon's AEON Robot - Industrial AI Weekly #11

Hi there,

Welcome to this week's edition of Industrial AI Weekly.

In today's news, RIIICO, a German deeptech startup, has successfully secured $5 million in Seed funding to enhance its AI software platform. This platform is designed to digitally model and adapt factories, with a particular focus on the automotive sector. Meanwhile, Blockticity has launched a custom Avalanche Layer 1 network aimed at authenticating global trade documents, a move that involves over $1.2 billion in goods and is expected to boost compliance and transparency in the trade industry.

Additionally, Jarrett and 1Logtech have partnered to introduce Jarrett LINC, a new digital freight solution that aims to improve connectivity and streamline client onboarding. In a collaborative study, Einride and Fraunhofer ISI have demonstrated that AI-powered electrification planning can significantly enhance fleet operations, benefiting companies like grocery retailer REWE. Furthermore, Hexagon has unveiled AEON, a humanoid robot designed to address labor shortages across various industries, with testing by companies such as Schaeffler and Pilatus. Lastly, Inceptio Technology has joined the Autoware Foundation to advance autonomous truck technologies, and Jotne Connect has launched a new AI unit to improve interoperability in MBSE, PLM, and Digital Twin technologies, led by Dr. Aditya Gupta.

RIIICO Secures $5M for AI Industrial Efficiency

Blockticity Launches Avalanche-Powered Network for Trade Authentication

Jarrett and 1Logtech Partner for Digital Freight Solution

Einride and Fraunhofer ISI Study on AI Electrification Planning

Hexagon Unveils AEON Humanoid Robot for Industry

Inceptio Technology Joins Autoware Foundation

Jotne Connect Launches AI Unit for Interoperability