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Robotics funding reached $851 million in August 2023, the results of 62 investments (See Desk 1 beneath or obtain Desk 1 HERE). The whole quantity of funding for 2023 up to now is about $8.85 billion.
Firm NameAmountRoundCountryTechnology
ADUSEstimatedSeedSouth KoreaADUS provides autonomous driving applied sciences and providers.
Aerit$1,336,705Pre-SeedSwedenAerit supplies drone supply providers.
Airobotics$553,873GrantIsraelAirobotics supplies an end-to-end, absolutely automated resolution for accumulating aerial knowledge and gaining invaluable insights.
Altos Radar$3,500,000SeedUSAAltos Radar provides 4D Imaging Radar expertise for autonomous driving.
Artly CoffeeEstimatedOtherUSAArtly Espresso provides a robotic barista that learns varied coffee-making strategies from human baristas
AsensingEstimatedSeries DChinaAsensing develops high-precision positioning expertise for autonomous autos.
AutoCoreEstimatedOtherChinaAutoCore is a supplier of software program and electronics for clever mobility.
Avion$4,729,998OtherUSAAvion is an autonomous aerial community that delivers medicals and vaccine provides by way of drones.
Büyütech$3,630,000OtherTurkeyBüyütech develops and manufactures passive-only notion options to make the roads safer.
Copperstone Applied sciences$1,912,485GrantCanadaCopperstone Applied sciences supplies robotic providers for survey and investigation of difficult and distant places.
Drone Metropolis$50,000GrantUSADrone Metropolis supplies last-mile drone supply providers.
Endorobotics$8,300,000Series BSouth KoreaEndorobotics provides micro-robotic expertise and precision management expertise for endoscopic surgical procedure.
Farada Group$248,605Pre-SeedPolandFarada Group is an Unmanned Aerial Automobiles manufacturing firm.
Fieldwork Robotics$1,900,538OtherUnited KingdomFieldwork Robotics is growing autonomous harvesting robots.
FireFly Automatix$633,516OtherUSAFireFly Automatix manufactures automated, self-propelled, and autonomous gear for the turfgrass sector.
FUE BioscienceEstimatedSeries AChinaFUE Bioscience is a medical robotic R&D enterprise that focuses on microsurgery above the pinnacle and neck.
GITAI$15,000,000Series BJapanGITAI develops distant managed robots to switch astronaut’s operations in business area stations.
Helm.ai$55,000,000Series CUSAHelm.ai develops AI software program for driver help programs, autonomous driving, and robotics.
Hunan Tree Industrial Manufacturing$13,905,884Series AChinaHunan Tree Industrial Manufacturing makes a speciality of robotics and automation gear for casting, sanding, and sharpening.
Think about AerialEstimatedGrantUSAImagine Aerial makes use of superior drone expertise to amass detailed datasets that it distributes to its shoppers.
Imagry$15,000,000OtherUSAImagry is an Autonomous Driving (AD) software program supplier that gives a mapless driving system.
Innoviz Applied sciences$65,000,000OtherIsraelInnoviz develops LiDAR sensors and notion software program for autonomous autos.
Built-in Aerial PrecisionEstimatedOtherNigeriaIntegrated Aerial Precision supplies drone providers and knowledge analytics for precision agriculture.
Instinct Robotics$25,000,000OtherIsraelIntuition Robotics supplies care companion applied sciences for older adults.
Jacobi RobotEstimatedSeedChinaJacobi Robotic develops common AI and cross-embodiment management programs for robots.
Jiaan Good$13,901,438Series AChinaJiaan Good supplies built-in power management expertise options for robotics programs.
Kernel Meals$36,000,000Series AUSAKernel Meals is a quick meals startup that makes use of robotics applied sciences to automate meals manufacturing.
Lukai ZhixingEstimatedSeries AChinaLukai Zhixing is a particular unmanned automobile general resolution supplier targeted on mining operations.
MaxByte Applied sciences$5,000,000Series AIndiaMaxbyte Applied sciences is an Industrial IoT firm empowering prospects by means of implementing manufacturing unit of the long run.
Mendaera$24,000,000Series AUSAMendaera is growing robotics options that tackle inefficiencies in healthcare.
Mooe Robotic$13,702,196Series BChinaMooe Robotic develops autonomous cell robots and elevate vans for industrial functions.
Novabot$10,000,000SeedUSANovabot provides cell robots for garden mowing.
Novarc Applied sciences$20,000,000Series ACanadaNovarc specializes within the design and commercialization of collaborative robots for industrial functions.
Nuwa Robotics$6,257,156Series BTaiwanNuwa Robotics provides a private robotic, together with an autonomous cell robotic.
Olis Robotics$4,100,000OtherUSAOlis Robotics’ resolution operates robotic programs and remotely displays, diagnose, and controls industrial robots.
Orangewood Labs$4,500,000OtherUSAOrangewood Labs is targeted on automating mundane human jobs by means of Simple-to-use, collaborative and tele-operable robotic arms for Industries
PaXini Tech$3,000,000SeedChinaPaXini Tech supplies tactile expertise and adaptive robots.
POMO RoboticsEstimatedOtherUnited KingdomRobotic system integrator and autonomous automobile startup.
Pony.ai$139,000,000OtherUSAPony.ai develops autonomous automobile expertise.
PROCEPT BioRobotics$150,000,000OtherUSAPROCEPT BioRobotics is a surgical robotics firm that develops water-based robotic programs for prostate surgical procedure.
RefiberdEstimatedSeedUSARefiberd develops a robotics-based textile recycling system that types and recycles unsorted, discarded textiles into new ones.
Remora Robotics$2,828,492SeedNorwayRemora Robotics supplies autonomous submarine robots that clear and examine fish farming pens whereas accumulating knowledge concerning the pen’s aquatic surroundings.
Ronovo Surgical$27,427,167Series BChinaRonovo Surgical supplies robotic and digital options for minimally invasive (MIS) and digital surgical procedure.
Saeki Robotics$2,300,000SeedSwitzerlandSaeki Robotics is a producing firm that gives robotic digital manufacturing models and {hardware} and software program automation instruments as a service.
Serve Robotics$30,000,000OtherUSAServe Robotics develops self-driving robots that ship meals and provides.
Skyline Robotics$3,350,000SeedIsraelSkyline Robotics makes a speciality of automating actual property upkeep work at heights.
Clean Ag Options$38,500GrantUSASmooth Ag Options produces an autonomous feed rover and different applied sciences for ranch operations.
Delicate Robotic Tech$20,852,158Series CChinaSoft Robotic Tech is an Industrial automation provider providing versatile gripping options and different applied sciences.
Southeast FeishiEstimatedSeedChinaSoutheast Feishi provides drone inspection providers.
Speedbird Aero$2,051,955OtherBrazilSpeedbird Aero develops and operates unmanned aerial programs to ship merchandise.
Spike Dynamics$280,000SeedUSASpike Dynamics supplies actuators and synthetic muscle tissues for aerospace and robotics functions.
SweepeeEstimatedOtherPolandSweepee is a producer of self-driving sweeping robots.
Tongchuan PrecisionEstimatedSeries AChinaTongchuan Precision provides movement management options for industrial robots.
True Digital Surgical procedure$2,501,865Series BUSATrue Digital Surgical procedure builds a 3D digital surgical procedure visualization platform that gives visualization for a variety of surgical procedures.
ULS RoboticsEstimatedSeries AChinaULS Robotics supplies quite a lot of industrial exoskeletons.
United RobotsEstimatedSeedUnited KingdomUnited Robots provides quite a lot of cell robotics for cleansing and portage operations.
Vicarious Surgical$45,000,000OtherUSAVicarious Surgical is a robotics firm that develops robotic programs that enable surgeons to carry out minimally invasive surgical procedure.
Virtuoso Surgical$179,820SeedUSAVirtuoso Surgical makes a speciality of growing endoscopic robotic instruments for minimally invasive surgical procedure.
Weilan Clever$13,713,583Series AChinaWeilan Clever makes a speciality of constructing all-purpose, legged robots for properties and companies.
Wilder Methods$8,559,086OtherUSAWilder Methods supplies robotics and automation options for plane producers.
Zero Zero Robotics$1,700,000OtherChinaZero Zero Robotics produces a small, autonomous drone known as the Hover Digital camera.
Zhiyuan RoboticsEstimatedSeries AChinaZhiyuan Robotics develops general-purpose humanoid robots.
Corporations positioned within the U.S., China and Israel acquired essentially the most rounds and essentially the most funding quantities, dwarfing different international locations (Determine 1, beneath). Corporations primarily based within the USA acquired the vast majority of the rounds (23), which resulted in a complete funding influx of $537 million. Corporations primarily based in China attracted $141 million in funding (coming from 17 investments), whereas 4 investments in Israeli corporations accounted for $94M in funding.
Corporations providing robotic surgical programs and enabling applied sciences have been significantly sturdy in August. Examples embrace PROCEPT BioRobotics ($150M), Vicarious Surgical ($45M), Ronovo Surgical ($27M), and Endorobotics ($8M).
Suppliers of self-driving software program and {hardware} options for autonomous transportation, led by Pony.ai ($139M), additionally acquired substantial funding. Different corporations embrace Innoviz Applied sciences ($65M), Helm.ai ($55M) and Imagry ($15M).
Determine 1: August 2023 Robotics Funding by Nation
All funding varieties have been nicely represented within the August 2023 funding assessment (Determine 2). Roughly one-quarter of the August 2023 investments have been Pre-Seed and Seed rounds.
Multiple-half of the August 2023 funding quantities fell beneath the aegis of ‘Different,’ a catchall descriptor for investments that don’t embrace the everyday phases of funding that companies undergo earlier than their preliminary public providing (ex. Seed rounds adopted by Sequence A, B, C, D and E funding). Investments within the ‘Different’ class accounted for over $500M in funding (Determine 3, beneath).
Determine 2: August 2023 Robotics Funding Quantities by Funding Sort
Determine 3: August 2023 Robotics Funding Quantities by Funding Quantity and Quantities
Editor’s word: What defines robotics investments? The reply to this straightforward query is central in any try and quantify them with some extent of rigor. To make funding analyses constant, repeatable, and priceless, it’s important to wring out as a lot subjectivity as attainable throughout the analysis course of. This begins with a definition of phrases and an outline of assumptions.
Buyers and investingInvestment ought to come from enterprise capital corporations, company funding teams, angel buyers, and different sources. Associates-and-family investments, authorities/non-governmental company grants, and crowd-sourced funding are excluded.
Robotics and clever programs companiesRobotics corporations should generate or anticipate to generate income from the manufacturing of robotics merchandise (that sense, analyze, and act within the bodily world), {hardware} or software program subsystems and enabling applied sciences for robots, or providers supporting robotics gadgets. For this evaluation, autonomous autos (together with applied sciences that assist autonomous driving) and drones are thought of robots, whereas 3D printers, CNC programs, and varied kinds of “onerous” automation will not be.
Corporations which might be “robotic” in identify solely, or use the time period “robotic” to explain services and products that don’t allow or assist gadgets appearing within the bodily world, are excluded. For instance, this consists of “software program robots” and robotic course of automation. Many corporations have a number of places in numerous international locations. Firm places given within the evaluation are primarily based on the publicly listed headquarters in authorized paperwork, press releases, and many others.
VerificationFunding data is collected from numerous private and non-private sources. These embrace press releases from companies and funding teams, company briefings, market analysis corporations, and affiliation and trade publications. As well as, data comes from periods at conferences and seminars, in addition to throughout non-public interviews with trade representatives, buyers, and others. Unverifiable investments are excluded and estimates are made the place funding quantities will not be offered or are unclear.