Soft Robotics Divests Soft Gripping Business, Becomes Oxipital AI

BOSTON, Aug. 6, 2024 — Soft Robotics Inc., a provider of soft gripping, 3D vision, and AI solutions for industrial automation, has divested its gripper business assets to the Schmalz Group for an undisclosed sum. Amidst the divestiture, the company has reformed as Oxipital AI.

Under its new brand identity, the company will focus its resources and expertise on advancing the commercialization of its groundbreaking end-to-end visual AI solutions optimized for high-speed product inspection and robotic picking. The company’s solutions target industries including food processing, agriculture, and consumer goods production.

Soft Robotics named industry veteran and former company CTO and COO Mark Chiappetta as president and CEO earlier this year.

About Oxipital AI

Published: August 2024

Glossary

machine vision: Machine vision, also known as computer vision or computer sight, refers to the technology that enables machines, typically computers, to interpret and understand visual information from the world, much like the human visual system. It involves the development and application of algorithms and systems that allow machines to acquire, process, analyze, and make decisions based on visual data. Key aspects of machine vision include: Image acquisition: Machine vision systems use various...
artificial intelligence: The ability of a machine to perform certain complex functions normally associated with human intelligence, such as judgment, pattern recognition, understanding, learning, planning, and problem solving.
computer vision: Computer vision enables computers to interpret and make decisions based on visual data, such as images and videos. It involves the development of algorithms, techniques, and systems that enable machines to gain an understanding of the visual world, similar to how humans perceive and interpret visual information. Key aspects and tasks within computer vision include: Image recognition: Identifying and categorizing objects, scenes, or patterns within images. This involves training...

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Businessmachine visionmanufacturingartificial intelligenceAIcomputer visioninspectionautomationquality assurancerobotic pickingproduct inspectionindustrialproductionSoft Robotics IncOxipital AIrebrandingdivestituredivestgrippingsoft grippinggripperSchmalz GroupAmericas

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