{"id":578347,"date":"2024-03-29T18:38:54","date_gmt":"2024-03-29T22:38:54","guid":{"rendered":"https:\/\/www.therobotreport.com\/?p=578347"},"modified":"2024-04-01T10:39:35","modified_gmt":"2024-04-01T14:39:35","slug":"team-and-tam-the-keys-to-investing-in-robotics","status":"publish","type":"post","link":"https:\/\/www.therobotreport.com\/team-and-tam-the-keys-to-investing-in-robotics\/","title":{"rendered":"Team and TAM: the keys to investing in robotics"},"content":{"rendered":"<p><iframe loading=\"lazy\" src=\"https:\/\/w.soundcloud.com\/player\/?url=https%3A\/\/api.soundcloud.com\/tracks\/1787974582&amp;color=%23ff5500&amp;auto_play=false&amp;hide_related=false&amp;show_comments=true&amp;show_user=true&amp;show_reposts=false&amp;show_teaser=true\" width=\"100%\" height=\"166\" frameborder=\"no\" scrolling=\"no\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n<div style=\"font-size: 10px; color: #cccccc; line-break: anywhere; word-break: normal; overflow: hidden; white-space: nowrap; text-overflow: ellipsis; font-family: Interstate,Lucida Grande,Lucida Sans Unicode,Lucida Sans,Garuda,Verdana,Tahoma,sans-serif; font-weight: 100;\"><a style=\"color: #cccccc; text-decoration: none;\" title=\"The Robot Report Podcast\" href=\"https:\/\/soundcloud.com\/robot-report-podcast\" target=\"_blank\" rel=\"noopener\">The Robot Report Podcast<\/a> \u00b7 <a style=\"color: #cccccc; text-decoration: none;\" title=\"Team and TAM, the keys to investing in robotics\" href=\"https:\/\/soundcloud.com\/robot-report-podcast\/team-and-tam-the-keys-to-investing-in-robotics\" target=\"_blank\" rel=\"noopener\">Team and TAM, the keys to investing in robotics<\/a><\/div>\n<hr>\n<p>Our featured guest on the show this week is <a href=\"https:\/\/www.linkedin.com\/in\/jamie-lee-77430382\/\" target=\"_blank\" rel=\"noopener\">Jamie Lee<\/a>, managing partner at <a href=\"https:\/\/www.tamarackglobal.com\/\" target=\"_blank\" rel=\"noopener\">Tamarack Global<\/a>. Tamarack Global emerged on our radar last month as one of the investors who participated in the <a href=\"https:\/\/www.therobotreport.com\/figure-ai-raises-675m-to-commercialize-humanoids\/\" target=\"_blank\" rel=\"noopener\">recent Series B funding round<\/a> for <a href=\"https:\/\/www.therobotreport.com\/?s=figure%20ai&amp;page=1\" target=\"_blank\" rel=\"noopener\">Figure AI<\/a>.<\/p>\n<p>After meeting Lee for research for those news stories, we invited him to come onto the podcast and share his investment thesis and the reasons why they are so bullish about humanoids, Figure AI, and especially founder and CEO Brett Adcock.<\/p>\n<p>The heart of Tamarack&#8217;s investment philosophy centers around investing in strong leaders who hire strong teams and build solutions for very large markets. But you&#8217;ll also learn about Jamie&#8217;s pragmatic philosophy for evaluating proposals and some of the danger signals that he looks for when evaluating a potential investment.<\/p>\n<h2>News from the week<\/h2>\n<h3>Viam raised $45 million in Series B funding<\/h3>\n<p><a href=\"https:\/\/www.therobotreport.com\/?s=viam\">Viam<\/a> has been quiet after all of the news last year, but Viam is building a modular, interoperable, and open-source software platform that works across all hardware and any fleet of machines. Viam <a href=\"https:\/\/www.therobotreport.com\/viam-brings-in-45m-to-accelerate-enterprise-partnerships\/\">stated that the funding will enable<\/a> it to accelerate partnerships, drive commercial innovation, and further develop its platform.<\/p>\n<h3>Accenture announced an investment in Sanctuary AI<\/h3>\n<p><a href=\"https:\/\/www.therobotreport.com\/?s=sanctuary\" target=\"_blank\" rel=\"noopener\">Sanctuary<\/a> is building humanoids with embodied intelligence and they\u2019ve always tightly focused on hand-eye coordination and manipulation over the bipedal walking aspects of humanoid robots. The <a href=\"https:\/\/www.therobotreport.com\/accenture-invests-in-humanoid-maker-sanctuary-ai\/\" target=\"_blank\" rel=\"noopener\">investment in Sanctuary<\/a> is the latest move by Accenture to build out a robotics strategy.<\/p>\n<p>In January 2024, Accenture and Mujin created a joint venture to help bring robotics to the manufacturing and logistics industries. Called Accenture Alpha Automation, the new venture is owned 70% by Accenture and 30% by Mujin. The new company, called Accenture Alpha Automation, combines Mujin\u2019s industrial robotics expertise with Accenture\u2019s digital engineering and manufacturing service, Industry X.<\/p>\n<p>Sanctuary has published a <a href=\"https:\/\/www.youtube.com\/@sanctuaryai\" target=\"_blank\" rel=\"noopener\">series of videos<\/a> of its robots \u201cdoing stuff\u201d on YouTube. These videos illustrate the development path of the two-armed humanoid as well as the AI behind the robots\u2019 decision-making.<\/p>\n<h3>NYC takes steps to allow robotaxis in NYC<\/h3>\n<p>New York took its first steps towards allowing robotaxis this week and<a href=\"https:\/\/www.nyc.gov\/office-of-the-mayor\/news\/231-24\/mayor-adams-releases-requirements-opens-permit-applications-responsible-autonomous-vehicle#:~:text=Consistent%20with%20state%20law,%20a,program,%E2%80%9D%20said%20Mayor%20Adams.\" target=\"_blank\" rel=\"noopener\"> announced new safety requirements and permitting guidelines<\/a> for companies looking to test their self-driving cars on public roads.&nbsp;<\/p>\n<p>Even with the city&#8217;s newfound interest in testing, autonomous vehicle (AV) commercialization in New York is difficult. It is one of the hardest cities for AVs to navigate due to its pedestrian-filled streets, unpredictable vehicle traffic, and sensor-disrupting bright lights.<\/p>\n<div><hr \/>\r\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-568305\" src=\"https:\/\/www.therobotreport.com\/wp-content\/uploads\/2024\/01\/RSE24_728x90_RegOpen_Vs1.jpg\" alt=\"SITE AD for the 2024 Robotics Summit registration.\" width=\"728\" height=\"90\" \/><a href=\"https:\/\/www.roboticssummit.com\/\">Learn from Agility Robotics, Amazon, Disney, Teradyne and many more.<\/a><\/p>\r\n\r\n\r\n<hr \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Jamie Lee, Managing Partner with Tamarack Global, is our guest this week to discuss the recent investment into Figure AI.<\/p>\n","protected":false},"author":90,"featured_media":578349,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rbr50_analysis":"","rbr50_state":"","rbr50_country":"","rbr50_description":"","rbr50_numemps":"","rbr50_text_taxonomy_radio":null,"rbr50_text_taxonomy_select":null,"rbr50_url":"","rbr50_yearfounded":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"footnotes":""},"categories":[2237,1382,2221,1401,2131,3105],"tags":[2315,4313,1881,2158,3726],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - 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