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Robotics funding for the month of September 2023 totaled $1.84 billion, the results of 50 investments (See Desk 1 beneath or obtain Desk 1 right here). Whole funding for the months of January 2023 by September 2023 equals roughly $10.7 billion. Funding was $851 million in August 2023 and practically $2 billion in July 2023.
Corporations positioned within the USA, China and Israel acquired probably the most rounds and probably the most funding quantities, dwarfing different nations (Determine 1, beneath). Corporations based mostly within the USA acquired nearly all of the rounds (23), which resulted in a complete funding influx of $537 million. Corporations based mostly in China attracted $141 million in funding (coming from 17 investments), whereas 4 investments in Israeli corporations accounted for $94M in funding.
The varieties of companies and their choices different broadly among the many funded corporations. As common, corporations providing robotic surgical techniques and enabling applied sciences attracted sizable rounds. CMR Surgical ($164 million) and Digital Incision ($30 million) function examples.
Additionally in step with 2023 funding developments, suppliers of self-driving software program and {hardware} options for autonomous transportation, additionally acquired substantial funding. Stack AV ($1 billion), Kodiak Robotics ($75 million), FERNRIDE ($19 million) and AutoCore ($10 million), exemplify.
Corporations providing unmanned aerial autos (drones), normally coupled with drone-enabled information and analytics companies, proceed to obtain sizable funding rounds. These suppliers usually deal with surveying and inspection purposes for his or her choices, with building, agriculture, utilities and vitality sectors because the goal markets. Suppliers providing options to the protection and safety sectors additionally attracted funding. Examples embrace AeroVironment ($109M), Treeswift ($11M), Defend AI ($150M) and Perceptual Robotics ($3M).
Determine 1: September 2023 Robotics Funding by Nation
For each the overall variety of investments and the overall quantity of funding, most funding fell below the aegis of ‘Different’, a catchall descriptor for investments that don’t embrace the standard phases of funding that companies undergo earlier than their preliminary public providing (ex. Seed rounds adopted by Collection A, B, C, D and E funding). A single Collection D spherical (CMR Surgical, $164M) accounted for roughly 9% of September 2023’s funding totals.
Determine 2: September 2023 Robotics Funding Quantities by Funding Sort
Determine 3: September 2023 Robotics Funding Quantities by Funding Quantity and Quantities
Desk 1: September 2023 Robotics Funding and Funding
CompanyAmountFunding TypeCountryProduct
AeroVironment$109,007,119OtherUSAAeroVironment focuses on unmanned plane techniques and electrical automobile charging options.
Agora RoboticsEstimatePre-SeedRomaniaAgora Robotics gives simple to make use of, autonomous cellular robots.
AIS FieldEstimateSeedTurkeyAIS Discipline gives a variety of robotic inspection and upkeep companies for the oil and fuel, vitality and energy technology industries..
Anqing TechnologyEstimateOtherChinaAnqing Know-how is a supplier of UAV site visitors administration companies and tools, in addition to protected autonomous flight know-how.
Ascento$4,300,000Pre-SeedSwitzerlandAscento produces a compact and agile leaping robotic designed for combined environments.
Aurrigo Worldwide$901,000OtherUKAurrigo develops autonomous autos for airport baggage/cargo dealing with, safety/patrol and passenger actions.
AutoCoreEstimateSeries BChinaAutoCore is a supplier of clever mobility software program, automotive electrical, and digital structure options.
Benmo Know-how (Direct Drive Tech)EstimateSeries AChinaBenmo Know-how presents direct-drive energy options to suppliers of robotics techniques, train tools, and different merchandise.
Blue Ocean Robotic$13,704,262Series CChinaBlue Ocean Robotic is a supplier of autonomus cellular robots and administration techniques.
Boxbot$12,000,000Series AUSABoxbot gives storage and retrieval system that adapts to various cubic dimensions.
Calyo$1,634,079OtherUKCalyo is creating 3-D ultrasound sensor know-how to be used in extremely automated autos and platforms.
Cambrian Intelligence$2,999,998OtherUKCambrian Intelligence presents visioning know-how for robotics techniques.
Changguangxi Clever Manufacturing$13,705,013Series AChinaChangguangxi Clever Manufacturing focuses on the design and manufacturing of robots, clever movement applied sciences, and different objects.
CMR Surgical$163,948,774Series DUKCMR Surgical develops a surgical robotic system for minimal entry surgical procedure.
Deveron UAS$1,486,712OtherCanadaDeveron UAS is a one-stop full-service UAS firm that makes use of information produced by imagery and software program analytics.
Diamon Robotics (Daimeng Robotic)EstimateOtherChinaDaimeng Robotic is making a collection of general-purpose humanoid robots.
Dilberg (DareRobot)EstimateOtherChinaDilberg (DareRobot) gives robotics techniques for heavy industrial manufacturing operations.
Diligent Robotics$25,000,000OtherUSADiligent Robotics develops humanoid robotic assistants for work within the heathcare sector.
Driveblocks$2,355,586SeedGermanyDriveblocks presents a mapless autonomy platform that allows heavy obligation autos to detect objects and understand their sourrounding with out counting on high-definition maps.
Eyebot$1,000,000Pre-SeedUSAEyebot is creating speedy imaginative and prescient examination applied sciences for eyeglass.
FERNRIDE$19,000,000Series AGermanyFERNRIDE gives autonomous, electrical trucking options.
Flygildi ehf$2,200,000SeedIcelandSilent Flyer presents a flapping-wing bird-like drone with wings that may morph their form throughout flight and fold into the physique.
GL INSEstimateSeedSouth KoreaGL INS is an organization specializing within the improvement of commercial robots, industrial modules and automation amenities.
Gugong RobotEstimateOtherChinaGongong Robotic is a producer of robotics options for the development sector.
Hong Jing Drive$13,755,536Series BChinaHong Jing Drive gives a computing platform for autonomous driving autos.
insideFPV$422,289SeedIndiainsideFPV gives personalized able to fly First Individual View (FPV) drones.
Kodiak Robotics$75,000,000OtherUSAKodiak Robotics develops autonomous know-how for long-haul trucking.
Loop TechnologyEstimateSeedUKLoop Know-how gives industrial automation services.
Miso Robotics$551,384OtherUSAMiso Robotics gives robotics and clever automation options to the industrial meals service business.
Monumental LabsEstimateSeedUSAMonumental Labs is constructing AI-enabled robotic stone carving factories.
Mujin$85,000,000Series CJapanMujin presents automation options and industrial robots to for manufacturing unit and logistics operations.
NakAI RoboticsEstimateSeedIsraelNakAI Robotics presents an underwater robotic that cleans ships’ hulls whereas the vessel is in movement.
Nauticus Robotics$20,000,000OtherUSANauticus Robotics gives unmaned underwater autos and engineering companies.
OnSightEstimateSeedUSAOnSight produces an autonomous and teleoperated unmanned floor automobile (UGV) that detects, studies, and observes points and anomalies on photo voltaic farms.
Perceptual RoboticsEstimateOtherUKPerceptual Robotics gives clever automation options based mostly on unmanned aerial techniques for wind turbine and different infrastructure inspection.
Puncture Robotic$13,618,412Series AChinaPuncture Robotic develops venipuncture robots that assist in conducting blood assortment with out human intervention.
Q-Bot$4,371,366OtherUKQ-Bot produces cellular robots that spray insulation below flooring.
REEV$3,190,508SeedFranceREEV provdes light-weight and clever wearable robotic orthoses offering knee help whereas strolling, sitting, standing and climbing stairs.
Robocon$11,000,000OtherSouth KoreaRobocon is a developer of robotics and automation tools designed for the manufacturing of rebar for the development and metal industries.
Defend AI$150,000,000OtherUSAShield AI presents an AI pilot for plane and autonomus aerial autos.
silanaEstimateSeedAustriasilana is creating robotics and different applied sciences that automate guide stitching processes.
Sojo Industries$2,800,000SeedUSASojo Industries develops robotic meeting and packaging options for the meals and beverage industries.
Sq. Robotic$5,000,000OtherUSASquare Robotic builds robotic techniques for submerged oil and fuel inspections in above floor storage tanks.
Stack AV$1,000,000,000OtherUSAStack AV develops superior autonomous techniques applied sciences for the trucking business.
Tethys Robotics$164,445OtherSwitzerlandTethys Robotics develops underwater drones that allow underwater search & restoration to inspection & surveillance.
Treeswift$10,811,986OtherUSATreeswift makes use of robotics and machine studying for forestry purposes.
UnitXEstimateOtherUSAUnitX gives AI-powered machine imaginative and prescient options for the manufacturing business.
Digital Incision$30,000,000Series CUSAVirtual Incision develops a miniaturized surgical robotic help system for colon resection.
Waste Robotics$7,308,199OtherCanadaWaste Robotics designs and delivers clever robots to be used in recycling centres.
Zhuji Dynamics$120,000Pre-SeedChinaZhuji Dynamics presents leggd robotics techniques.
Editor’s word: What defines robotics investments? The reply to this easy query is central in any try to quantify them with some extent of rigor. To make funding analyses constant, repeatable, and beneficial, it’s essential to wring out as a lot subjectivity as doable in the course of 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 count on 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 companies supporting robotics units. For this evaluation, autonomous autos (together with applied sciences that help autonomous driving) and drones are thought-about robots, whereas 3D printers, CNC techniques, and numerous varieties of “exhausting” automation are usually not.
Corporations which might be “robotic” in title solely, or use the time period “robotic” to explain services that don’t allow or help units appearing within the bodily world, are excluded. For instance, this contains “software program robots” and robotic course of automation. Many corporations have a number of places in several nations. Firm places given within the evaluation are based mostly on the publicly listed headquarters in authorized paperwork, press releases, and so forth.
VerificationFunding data is collected from a variety of private and non-private sources. These embrace press releases from firms and funding teams, company briefings, market analysis corporations, and affiliation and business publications. As well as, data comes from periods at conferences and seminars, in addition to throughout personal interviews with business representatives, buyers, and others. Unverifiable investments are excluded and estimates are made the place funding quantities are usually not supplied or are unclear.