Soft Robotics Adopts Compelling New Business Strategy and Becomes Oxipital AI, While Announcing Divestiture of its Soft Gripping Business to The Schmalz Group [Video]

Oxipital AI Will Focus on Their Powerful Visual AI Solutions for Manufacturing Process Optimization and Automation

BOSTON, Aug. 6, 2024 /PRNewswire/ — Soft Robotics Inc., a leading innovator in soft gripping, 3D vision, and artificial intelligence solutions for industrial automation, today announced the divestiture of its gripper business assets to the Schmalz Group for an undisclosed sum. The company also announced that it has reformed as Oxipital AI, with a mission to deliver its transformative AI technology to customers in critical industries, enabling an entirely new generation of resilient, efficient, and sustainable manufacturing.

The divestiture of the company’s gripper hardware business marks a significant milestone in its 10-year evolution. It enables the company to 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.

“For years, our AI vision …