Service business

Guardforce AI expands robotics-as-a-service business – IoT World Today

Guardforce AI is opening new offices in Tokyo and San Francisco to strengthen its presence in these markets.

The robotics-as-a-service (RaaS) company will bring its product line of food delivery robots, as well as sanitization and reception service robots to these areas for hotel use in restaurants, shopping malls and restaurants. hotels.

Guardforce AI President Terence Yap said these markets offer significant opportunities for the group’s robotics pipeline.

“With rising labor costs and an aging population, in Japan alone, automated robotic services are expected to double from 2020 to 2026,” Yap said. “Additionally, San Francisco is a well-known technology hub with high-quality technology engineers and renowned technology research centers, making it the perfect place to set up our RaaS operations to attract talent and build a complete technological ecosystem around our RaaS solutions. ”

The news is also part of Guardforce AI’s wider expansion push. The company recently signed a additional letter of intent with Shenzhen Kewei Robot Technology to acquire 12 robotics RaaS companies located throughout China.

The 12 companies are located in key economic zones in northeast, northwest, central and southwest China and are valued at $18 million.

Speaking about the expansion, Yap said the group has set its sights on the Chinese market due to the growing demand for contactless robotic services in the wake of the pandemic, as well as growing customer demand for operational efficiency.