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Robotics investments totaled $578 million in January 2024 as the results of 46 funding rounds. This determine was considerably decrease than the trailing twelve-month common, however in keeping with January 2023’s determine of $523 million.
The biggest robotics funding in January 2024 was a $100 million spherical secured by Norway-based 1X, a developer of humanoids (See Desk 1 under). Chinese language humanoid developer Robotic Period raised $14 million in February.
Makers of autonomous cellular robots (AMRs) for agricultural operations had been nicely represented amongst February robotics investments. Examples embody Bluewhite ($39 million), Burro ($24 million), Saga Robotics ($11.5 million), farm-ng ($10M), and Ant Robotics ($2 million).
January 2024 Robotics Investments
CompanyAmountRoundCountryTech
1X$99,940,694Series BNorwayHumanoids
Accio Robotics$1,804,373SeedIndiaIndoor Cell Robots
ADUSEstimateSeedKoreaAutonomous Autos
Aerones$4,824,832OtherUSAOutdoor Cell Robots
Aniai$12,000,000SeedUSAOther Industrial
Ant RoboticsEstimateOtherGermanyOutdoor Cell Robots
Automated Inspection Robotics$100,000Pre-SeedUSAOutdoor Cell Robots
Bluewhite$39,000,000Series CIsraelOutdoor Cell Robots
Burro$24,000,000Series BUSAOutdoor Cell Robots
Chasing InnovationEstimateSeries BChinaUnmanned Maritime Methods
Connective$2,995,943SeedKoreaSurgical Robots
Ekso Bionics$4,600,000OtherUSAExoskeletons
Elroy Air$48,925,588OtherUSADrones
Farm-ng$10,000,000Series AUSAOutdoor Cell Robots
Fieldwork Robotics$655,337OtherUKOutdoor Cell Robots
FlexxboticsEstimateOtherUSASoftware
Forvision$13,922,535OtherChinaSensors
Ganan TechnologyEstimateSeedChinaArticulated Robots
Guangdong Shi Robotic$14,113,628SeedChinaIndoor Cell Robots
GUOZI$28,027,691OtherChinaMobile Robots
Human Contact Robotics$1,937,128SeedNorwayEnd Effectors, Video / Imaginative and prescient / Imaging
Illumo RoboticsEstimateSeedFranceArticulated Robots
Jewett Automation$1,500,000OtherUSAConsulting/Engineering
KC Robots (Zhejiang Kecong)$14,074,001Series AChinaControllers
LEM Surgical$25,886,677Series BSwitzerlandSurgical Robots
Neatleaf$4,000,000SeedUSAOther Industrial
Neocis$20,000,000Series DUSASurgical Robots
NextStep Robotics$400,000OtherUSARehabilitation Robots
Orbiba Robotics$200,000OtherTurkeyOutdoor Cell Robots
ORCA-TECH$13,957,708Series BChinaUnmanned Maritime Methods
Paintec$326,451OtherSpainDrones
Qiangua Expertise$14,062,324SeedChinaAutonomous Autos
Robotic Period$14,026,819SeedChinaHumanoids
Robotic MetaEstimateSeries BChinaArticulated Robots
RokaeEstimateOtherChinaCobots
Saga Robotics$11,500,000OtherNorwayOutdoor Cell Robots
Senior AutomationEstimateSeries BChinaAutonomous Autos
Normal Bots$2,000,000OtherUSACobots
Sunpure$14,104,571Series AChinaOutdoor Cell Robots
ThayerMahan$20,000,000Series CUSAUnmanned Maritime Methods
Ugo$5,751,181OtherJapanIndoor Cell Robots
Workr LabsEstimatePre-SeedUSASoftware
Xingchenhai (Starry Oceans)EstimateSeries AChinaDrones
Yunxiang Industrial$1,408,530SeedChinaIndoor Cell Robots
Zhitong PrecisionEstimateOtherChinaMotion Management
Zhuoyi Clever Expertise$34,752,630Series BChinaDrones
Corporations based mostly in China attracted the best funding quantity ($229 million), the results of 17 rounds (Determine 2, under). The main investments amongst Chinese language companies included Zhuoyi Clever Expertise, a developer of drones and different lessons of unmanned methods, autonomous truck developer Senior Automation, and GUOZI, a producer of AMRs.
Corporations based mostly in the US raised $154 million in January 2024, whereas Norway, buoyed by the $100 million 1X funding, positioned third amongst nations with $113 million in funding.
![](https://www.therobotreport.com/wp-content/uploads/2024/03/January_2024-Fig-2.jpg)
Determine 2: January 2024 Robotics Funding by Nation
Whereas Collection B rounds attributed for a lot of the January investments, all funding varieties had been nicely represented in January 2024 (Determine 3 under).
![](https://www.therobotreport.com/wp-content/uploads/2024/03/January_2024-Fig-3.jpg)
Determine 3: January 2024 Robotics Funding by Funding Kind and Quantities
Editor’s noteWhat defines robotics investments? The reply to this straightforward query is central in any try and quantify them with a point of rigor. To make funding analyses constant, repeatable, and worthwhile, it’s vital to wring out as a lot subjectivity as attainable in the course of the analysis course of. This begins with a definition of phrases and an outline of assumptions.
Traders and investingInvestment ought to come from enterprise capital companies, company funding teams, angel traders, and different sources. Associates-and-family investments, authorities/non-governmental company grants, and crowd-sourced funding are excluded.
Robotics companiesRobotics firms 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 gadgets. For this evaluation, autonomous autos (together with applied sciences that assist autonomous driving) and drones are thought of robots, whereas 3D printers, CNC methods, and varied forms of “laborious” automation are usually not.
Corporations which can be “robotic” in identify solely, or use the time period “robotic” to explain services and products that don’t allow or assist gadgets performing within the bodily world, are excluded. For instance, this contains “software program robots” and robotic course of automation. Many companies have a number of areas in numerous nations. Firm areas given within the evaluation are based mostly on the publicly listed headquarters in authorized paperwork, press releases, and many others.
VerificationFunding data is collected from a number of private and non-private sources. These embody press releases from firms and funding teams, company briefings, market analysis companies, and affiliation and trade publications. As well as, data comes from classes at conferences and seminars, in addition to throughout non-public interviews with trade representatives, traders, and others. Unverifiable investments are excluded and estimates are made the place funding quantities are usually not supplied or are unclear.