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Robotics investments reached about $418 million in November 2023 on account of 40 funding rounds. November’s $418 million was the bottom month-to-month funding quantity by means of the primary 11 months of 2023. With the November investments, robotics funding for the primary 11 months of 2023 totals roughly $12.1 billion.
The 2 largest particular person funding rounds for November 2023 went to suppliers of self-driving software program and {hardware}. Could Mobility, a supplier of autonomous driving expertise for business fleets, pulled in a $105 million Collection D spherical, whereas Eacon Mining, a developer of autonomous haulage options for operations at floor mines, raised greater than $55 million in Collection C funding.
Different corporations receiving sizeable funding rounds in November 2023 embrace GITAI, a developer of remote-controlled robots to assist astronaut’s operations in area ($47.5 million), and China-based HCFA, a producer and integrator of commercial automation and robotics merchandise ($38 million).
As with earlier months in 2023, corporations situated in China and the USA acquired the vast majority of robotics investments, $166 million and $149 million, respectively. Corporations based mostly in China and the U.S. additionally acquired the vast majority of the rounds (23 of 40 investments between them), with the businesses within the remaining international locations every receiving 3 or fewer investments. Two investments into the Japanese companies GITAI and Sensyn Robotics resulted in $63 million in funding.
All sorts of robotics investments have been nicely represented in November 2023 (Figures 2 and three). For each the full variety of investments and the general quantity of funding, most rounds and funding quantities fell into the ‘Different’ class, a catchall phrase for funding varieties that fall exterior the standard levels of funding that companies undergo earlier than their preliminary public providing (ex. Seed, Collection A, B, C, D, E and F funding). Michigan-based Could Mobility’s outsized Collection D funding ($105 million) accounted for about one-quarter of all November 2023 funding.
For a recap of the investments, see the desk beneath or view a downloadable desk right here.
CompanyAmountRoundCountryTechnologyDescription
4AG Robotics$12,787,976Series ACanadaOther Industrial4AG has developed totally autonomous, vision-guided robots designed to function in mushroom-growing racks and decide, trim, clear, and pack them
Aether Biomedical$5,800,000Series APolandProsthetic / Orthotic SystemsAether Biomedical builds bionic limbs for higher limb amputees
Augmentus$5,725,000Series ASingaporeSoftwareAugmentus affords a pc imaginative and prescient and AI robotic movement planning answer.
Aurrigo Worldwide plc$5,120,404OtherUKOutdoor Cell Platforms, Autonomous Transportation SystemsAurrigo builds autonomous automobiles for airport baggage cargo dealing with and passengers.
AVIC Inventive Robotics$14,093,638Series BChinaExoskeletons, Rehabilitation / Therapeutic Methods, Indoor Cell PlatformsAVICspecializes in synthetic intelligence and repair robots, together with exoskeletons.
Avitt IntelligenceEstimateSeedChinaCollaborative RobotsAvitt Intelligence is a provider of built-in collaborative robotics applied sciences for manufacturing.
BeeX$2,000,000OtherSingaporeUnmanned Underwater Autos, Operator Providers – UUVsBeeX affords hover-capable, autonomous underwater automobiles as a service.
Benewake$13,867,509OtherChinaSensors / Sensing SystemsBenewake develops LiDAR applied sciences for varied functions.
Crover$500,000OtherUKIndoor Cell PlatformsCrover affords a robotic for grain storage monitoring.
Eacon Mining$55,470,039Series CChinaAutonomous Transportation SystemsEacon Mining is a supplier of autonomous haulage options for operations at floor mines.
EAVISION$13,808,340OtherChinaDronesEAVISION develops drones for varied functions.
EVAS Intelligence$13,787,208SeedChinaMicrocontrollers / Microprocessors / SoCEVAS Intelligence is an autonomous driving chip startup.
Normal Autonomy$3,000,000SeedIndiaCollaborative RobotsGeneral Autonomy is creating AI-powered robots for the manufacturing sector.
Ghost Autonomy$5,000,000Series EUSASoftwareGhost supplies software program that permits attention-free driving.
GITAI$47,566,412OtherJapanArticulated Robots, Out of doors Cell PlatformsGITAI develops remote-controlled robots to assist astronaut’s operations in business area stations.
Gosion RobotEstimateSeedChinaGantry Robots, Indoor Cell PlatformsGuoxun Robotic develops industrial security inspection robots.
Grayscale AI$109,118OtherUSASoftware, Sensors / Sensing Methods, SoftwareGrayscale AI supplies autonomy options based mostly on laptop imaginative and prescient and neuromorphic computation for drones and different unmanned techniques.
HCFA$37,808,219OtherChinaArticulated Robots, ControllersHCFA engages within the manufacturing and integration of commercial robotics.
HummingdroneEstimateOtherTurkeyDronesHummingdrone supplies autonomous drones and software program for the photo voltaic business.
IDeAOceanEstimateSeedSouth KoreaSoftwareIDeAOcean is presently creating METHEUS, AI-based software program geared toward routinely designing mechanisms for the operation of robots and mechanical gadgets.
Matic$24,000,000Series AUSAIndoor Cell PlatformsMatic supplies AI-powered indoor robots for family cleansing.
Could Mobility$105,000,000Series DUSAAutonomous Transportation Methods, Sensors / Sensing Methods, SoftwareMay Mobility supplies autonomous driving expertise for business fleets.
Micromoo MedicalEstimateSeedChinaSurgical / Interventional SystemsMicromoo Medical manufactures robotic surgical techniques for ophthalmic procedures.
Myactuator$1,097,393OtherChinaActuators / Motors / ServosMyactuator develops robotic actuators and management techniques.
Nanjing Zhuling TechnologyEstimateSeedChinaIndoor Cell PlatformsZhuling Know-how focuses on development robotics techniques and supporting {hardware} & expertise options.
Pipedream Labs$9,427,169OtherUSAOutdoor Cell PlatformsPipedream Labs supplies a supply answer utilizing cell robots, and an underground tunnel and tube system.
Increase RoboticsEstimateSeedUSACollaborative Robots, Indoor Cell PlatformsRaise Robotics builds robotics that help employees with difficult duties on development websites
Redwing LabsEstimateSeedIndiaDrones, Operator ServicesRedwing Labs manufactures autonomous drones and working techniques for supply operations.
SAFELOGEstimatePre-SeedGermanyIndoor Cell Platforms, Different IndustrialSAFELOG supplies intralogistics options with quite a lot of cell robotic choices and choosing techniques.
Samudra Oceans$1,002,727Pre-SeedUKSensors / Sensing Methods, SoftwareSamudra Oceans affords robots for seaweed farming.
Sensyn Robotics$14,942,512OtherJapanDrones, Operator Providers, Knowledge Acquisition / Processing / ManagementSensyn Robotics supplies a drone-based industrial inspection service.
SliQue RoboticsEstimateSeedUSAIndoor Cell PlatformssliQue Robotics develops cell robots and different applied sciences for varied business sectors.
Sorting Robotics$2,000,000OtherUSACollaborative Robots, Different IndustrialSorting Robotics builds robotics and automation expertise for hashish and hemp producers.
SUIND$1,193,732SeedSwitzerlandDrones, Software program, Operator ServicesSuind supplies a drone-based answer for real-time crop monitoring and therapy.
Swarmbotics AIEstimatePre-SeedUSAOutdoor Cell PlatformsSwarmbotics AI supplies autonomous, swarming, cell robots for business and protection.
Teal Drones$750,000OtherUSADrones, SoftwareTeal Drones produces unmanned aerial car expertise.
True Well being$14,092,843Series BChinaSurgical / Interventional SystemsTrue Well being is a surgical robotics firm.
Unchained Robotics$6,033,943SeedGermanyCollaborative Robots, Different IndustrialUnchained Robotics is a robotics reseller and supplier of built-in automation platforms for small-to-medium producers.
Virtuoso Surgical$1,800,000OtherUSASurgical / Interventional SystemsVirtuoso Surgical develops endoscopic robotic instruments for minimally invasive surgical procedure.
XMACHINESEstimateSeedIndiaIndoor Cell Platforms, Out of doors Cell PlatformsXMACHINES produces autonomous cell robots for varied indoor and outside functions.
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 useful, it’s crucial to wring out as a lot subjectivity as doable through 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 companies, company funding teams, angel traders, and different sources. Mates-and-family investments, authorities/non-governmental company grants, and crowd-sourced funding are excluded.
Robotics and clever techniques 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 automobiles (together with applied sciences that assist autonomous driving) and drones are thought of robots, whereas 3D printers, CNC techniques, and varied sorts of “arduous” automation should 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 consists of “software program robots” and robotic course of automation. Many companies have a number of places in several international locations. Firm places 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 embrace press releases from companies and funding teams, company briefings, market analysis companies, and affiliation and business publications. As well as, data comes from classes at conferences and seminars, in addition to throughout non-public interviews with business representatives, traders, and others. Unverifiable investments are excluded and estimates are made the place funding quantities should not supplied or are unclear.