Latest news with #RaaS
Time of India
16 hours ago
- Business
- Time of India
Robotics deeptech startup Neuralzome Cybernetic raises $2.4 million
Bengaluru-based deeptech startup Neuralzome Cybernetic has raised $2.4 million in pre-seed funding to accelerate the deployment of its autonomous robotics solutions across sectors such as precision agriculture, mining, manufacturing, and round was led by 8X Ventures, with participation from Turbostart, Avinya Ventures, Saka Ventures, Appreciate Capital, Astir Ventures, Indian Institute of Management-Ahmedabad's Centre for Innovation Incubation and Entrepreneurship (CIIE), Small Industries Development Bank of India (Sidbi), and Heston Castelino. The funds will be used to scale research and development in multi-agent autonomy and vision-based navigation, ramp up manufacturing, and expand operations in North America and Europe, the startup said in a statement.'We are developing technologies that break the critical barriers preventing the adoption of robots in real-world applications,' said Mohan Sivam, cofounder of Neuralzome. He added that the startup aims to democratise the use of robots in everyday startup, founded in 2023, is building teachable, no-code AI agents for real-world autonomy to enable quick robot deployment without requiring in-house robotics expertise. It wants to target the Robot-as-a-Service (RaaS) model for high-value, labour-intensive sectors like orchard management and commercial startup said its core platform, NeuralPilot, integrates with its RedPill simulation environment, which creates photorealistic digital twins to train robots in complex scenarios. This approach aims to drastically cut on-field training time and costs.
Economic Times
16 hours ago
- Business
- Economic Times
Robotics deeptech startup Neuralzome Cybernetic raises $2.4 million
Bengaluru-based deeptech startup Neuralzome Cybernetic has raised $2.4 million in pre-seed funding to accelerate the deployment of its autonomous robotics solutions across sectors such as precision agriculture, mining, manufacturing, and logistics. The round was led by 8X Ventures, with participation from Turbostart, Avinya Ventures, Saka Ventures, Appreciate Capital, Astir Ventures, Indian Institute of Management-Ahmedabad's Centre for Innovation Incubation and Entrepreneurship (CIIE), Small Industries Development Bank of India (Sidbi), and Heston Castelino. The funds will be used to scale research and development in multi-agent autonomy and vision-based navigation, ramp up manufacturing, and expand operations in North America and Europe, the startup said in a statement. 'We are developing technologies that break the critical barriers preventing the adoption of robots in real-world applications,' said Mohan Sivam, cofounder of Neuralzome. He added that the startup aims to democratise the use of robots in everyday life. The startup, founded in 2023, is building teachable, no-code AI agents for real-world autonomy to enable quick robot deployment without requiring in-house robotics expertise. It wants to target the Robot-as-a-Service (RaaS) model for high-value, labour-intensive sectors like orchard management and commercial landscaping. The startup said its core platform, NeuralPilot, integrates with its RedPill simulation environment, which creates photorealistic digital twins to train robots in complex scenarios. This approach aims to drastically cut on-field training time and costs.
Business Upturn
3 days ago
- Business
- Business Upturn
NetworkNewsAudio Announces Audio Press Release (APR) on How the Future of Hotel Investment Is AI Automation
AUSTIN, Texas, Aug. 08, 2025 (GLOBE NEWSWIRE) — via IBN – NetworkNewsAudio announces the Audio Press Release (APR) titled 'Hospitality Gets High-Tech: The Future of Hotel Investment Is AI Automation,' featuring Nightfood Holdings Inc. (NGTF). To hear the NetworkNewsAudio version, visit To read the original editorial, visit Nightfood Holdings Inc. is pioneering a new era in the hospitality industry by merging hotel ownership with AI-powered Robotics-as-a-Service (RaaS), positioning itself as a first mover in automating hotel operations. The company recently announced plans to acquire two institutional-grade hotel properties in California — one in Victorville and another in Rancho Mirage — together totaling approximately $80 million in assets. These hotels will serve as flagship locations for integrating guest-facing and back-of-house service robots, including food delivery and cleaning bots developed by its Skytech Automated Solutions division. Nightfood's vertically integrated model pairs predictable RaaS subscription revenue with the long-term value of real estate holdings, creating a scalable and future-ready business structure in a sector that's embracing AI and automation at unprecedented rates. This innovation comes amid explosive growth in the AI and hospitality robotics markets, projected to reach $1.46 billion and $107 billion respectively by 2029 and 2034. Nightfood is capitalizing on this momentum with a dual-revenue strategy, generating recurring income from automation while enhancing property value through strategic acquisitions. The company's leadership team brings impressive experience in hotel operations and development, ensuring disciplined expansion and high operational standards. About Nightfood Holdings Inc. Nightfood Holdings Inc. is revolutionizing the hospitality industry by combining AI-powered robotics with strategic hotel acquisitions. The Company's innovative approach uses advanced automation technology to significantly improve hotel efficiency, reduce operating costs, and address labor challenges. As automation rapidly becomes the standard rather than a trend in hospitality, Nightfood is committed to setting that standard — delivering intelligent solutions that enhance guest experiences and streamline operations. With its dual focus on owning hotel properties and offering Robotics-as-a-Service (RaaS), NGTF is strategically positioned to capitalize on the rapidly growing global service robotics market, which is expected to surpass $170 billion by 2030. This integrated business model provides scalable revenue streams and positions NGTF as a leader in technology-driven hospitality solutions. For more information about the company, please visit Nightfood Holdings. About NetworkNewsAudio NetworkNewsAudio, a service of NetworkNewsWire (NNW), a multifaceted financial news and publishing company powered by IBN ('InvestorBrandNetwork'), allows you to sit back and listen to market updates, interviews and company press releases. NetworkNewsAudio keeps you informed on publicly traded companies we're watching. The audio clips provide snapshots of position, opportunity and momentum. NetworkNewsAudio is a Brand Awareness Distribution Solution from NetworkNewsWire. For more information, visit: NetworkNewsWire (NNW) is a comprehensive provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW has the unparalleled ability to reach a wide audience of investors, consumers, journalists and the general public. With an ever-growing distribution network of more than 5,000 key syndication outlets across the nation, NNW cuts through the overload of information in today's markets bringing its clients unparalleled visibility, recognition and brand awareness. NetworkNewsWire is where news, content and information converge. Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: Forward-Looking Statements This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements. Corporate Communications IBNAustin, Texas 512.354.7000 Office [email protected]
Business Upturn
4 days ago
- Business
- Business Upturn
Nightfood Holdings Inc. (NGTF) Leading Hospitality Innovation with Business Model Fusing Hotel Ownership, AI and Robotics
NEW YORK, Aug. 07, 2025 (GLOBE NEWSWIRE) — via InvestorWire — Nightfood Holdings inc. (NGTF) today announces its placement in an editorial published by NetworkNewsWire ('NNW'), one of 70+ brands within the Dynamic Brand Portfolio@IBN (InvestorBrandNetwork ) , a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. To view the full publication, 'AI, Robotics Are Reshaping the Future of Hospitality,' please visit: The hospitality industry is rapidly evolving as artificial intelligence (AI) and robotics bring sweeping change. Hotels that implement automation are seeing operational costs drop by 30%–40%, along with enhanced guest satisfaction and stronger revenue strategies. The AI-driven hospitality market is projected to surge to $1.46 billion by 2029 with an impressive 57.8% compound annual growth rate (CAGR), while the broader hospitality robotics sector is anticipated to expand from $24.38 billion in 2024 to $107.24 billion by 2034. At the forefront of this transformation is Nightfood Holdings Inc., an innovator in hospitality that fuses hotel ownership with a Robotics-as-a-Service (RaaS) business model powered by AI. The company recently disclosed plans to purchase a 155-room Holiday Inn in Victorville, California, marking its debut model property featuring guest-facing robots such as food runners and laundry assistants, developed by NGTF subsidiary Skytech Automated Solutions. Nightfood also partnered with Bear Robotics to roll out these automation solutions across its entire hotel portfolio, which is expected to grow to $80 million in assets. About Nightfood Holdings inc. Nightfood Holdings, Inc. is revolutionizing the hospitality industry by combining AI-powered robotics with strategic hotel acquisitions. The Company's innovative approach uses advanced automation technology to significantly improve hotel efficiency, reduce operating costs, and address labor challenges. As automation rapidly becomes the standard rather than a trend in hospitality, Nightfood is committed to setting that standard — delivering intelligent solutions that enhance guest experiences and streamline operations. With its dual focus on owning hotel properties and offering Robotics-as-a-Service (RaaS), NGTF is strategically positioned to capitalize on the rapidly growing global service robotics market, which is expected to surpass $170 billion by 2030. This integrated business model provides scalable revenue streams and positions NGTF as a leader in technology-driven hospitality solutions. NOTE TO INVESTORS: The latest news and updates relating to NGTF are available in the company's newsroom at For more information, visit the company's website at About NetworkNewsWire NetworkNewsWire ('NNW') is a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today's market, NNW brings its clients unparalleled recognition and brand awareness. NNW is where breaking news, insightful content and actionable information converge. For more information, please visit Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: NetworkNewsWireNew York, Office [email protected]
ME Construction
4 days ago
- Business
- ME Construction
HITEK AI collaborates with SoftBank Robotics and launches Robot as a Service
Technology HITEK AI collaborates with SoftBank Robotics and launches Robot as a Service By The service integrates SoftBank's advanced robotic cleaning solutions with HITEK AI's CAFMTEK platform providing a comprehensive automated facilities management solution HITEK AI has partnered with SoftBank Robotics UK (SBR) to launch its Robot as a Service (RaaS) offering. The service integrates SoftBank's advanced robotic cleaning solutions with HITEK AI's CAFMTEK platform, providing a comprehensive automated facilities management (FM) solution. This solution aims to enhance efficiency, reduce costs, and improve operational performance across various industries. The new RaaS solution is designed to empower businesses in the UAE and Saudi Arabia with robotic technologies. These technologies can be integrated into their existing FM operations, streamlining processes and overall efficiency. HITEK AI combines SoftBank Robotics' robots with its CAFMTEK platform, offering a unified service that integrates robotic automation with traditional FM. This service is managed through a single, intuitive interface, providing businesses with a streamlined and efficient management solution. 'Our partnership with SoftBank Robotics aims to bring the future of automated FM to businesses across the UAE and Saudi Arabia. This integration will empower organisations to operate more efficiently, reduce operational costs, and ensure high standards of service, all while contributing to government goals for digital transformation and innovation. By combining SoftBank Robotics' cutting-edge robotic solutions with HITEK AI's advanced CAFMTEK platform, this launch marks a significant step forward in the digital transformation of facilities management. With a focus on efficiency, automation, and data-driven decision-making, HITEK AI's Robot as a Service offering is poised to redefine the facilities management landscape in the UAE,' said Javeria Aijaz, Managing Director of HITEK AI. SoftBank will be providing two robot types. Whiz, is a commercial collaborative robot vacuum, powered by BrainOS, the advanced commercial operating system from robotics industry leader Brain Corp. This determines the best route given the surrounding environment, continuous operation for up to three hours and can cover up to 1,500sqm. Whiz is also equipped with sensors and mechanisms that enable obstacle detection, fall prevention and anomaly impact detection. Another robot, Phantas, aims to help human teams clean better, faster, and more cost-effectively, vacuuming, sweeping, scrubbing, and dust mopping, up to 5,000sqm per hour. HITEK AI's CAFMTEK system also tracks the service performance of robots, including uptime, task completion rates, and service requirements. Once integrated with HITEK AI's CAFMTEK platform, facility managers will have the ability to schedule and monitor routine and ad-hoc cleaning tasks performed by SoftBank's robots. Each robot is uniquely identified with a new project site ID and mapped to specific zones and locations within the facility. Clients can track performance metrics such as the sqm cleaned using the CAFMTEK platform, ensuring cleanliness standards with minimal human intervention. The robots are also capable of handling maintenance tasks like water replenishment and dust bag replacement, reducing operational disruptions and enhancing efficiency. With CAFMTEK's analytics dashboard, SoftBank robots provide real-time data on cleaning performance, including task completion times, battery levels, and maintenance needs. Facility managers can utilise this data to monitor a robot's performance, identify potential issues, and make data-driven decisions to optimise resource allocation and maintenance schedules. The system can automatically generate service requests when the robots require assistance, ensuring seamless operation with minimal downtime. This allows facility managers to monitor performance alongside traditional assets, ensuring that all resources are operating at peak efficiency. Performance data from robots will be visible in both CAFMTEK's mobile app and web interface, providing real-time insights for facility management teams. This integrated solution is designed to be managed entirely through the CAFMTEK mobile app and web platform. Facility managers can easily activate, monitor, and schedule robots for specific tasks, while also viewing real-time performance data and maintenance alerts, all within a single platform. This user-friendly approach ensures that businesses can fully leverage the potential of robotic technology without complex system re-configurations.
