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![a bar graph showing robotics investment totals for the previous 12 months.](https://www.therobotreport.com/wp-content/uploads/2024/05/Fig-1.jpg)
Determine 1: International Robotics Funding – Trailing 12 Months.
Robotics investments reached not less than $466 million in April 2024, the results of 36 funding rounds. The April investments determine lagged current months and was the smallest quantity since November 2023. April 2024’s funding complete was considerably lower than the trailing 12-month common of $1.1 billion (see Determine 1).
Suppliers of collaborative robots scored the 2 largest rounds. As described in Desk 1, Collaborative Robotics’ $100 million Sequence B spherical was April’s largest funding. As its title implies, the California-based agency is growing collaborative robots and enabling software program for his or her use. China’s Rokae, a supplier of collaborative and industrial robots, secured $70 million in April.
April 2024 Robotics Investments
CompanyAmount ($)RoundCountryTechnology
10Lines$1,605,004Series AEstoniaOutdoor Cell Robots
Accelerating EvolutionEstimateSeries AChinaExoskeletons
Adagy Robotics$500,000Pre-SeedUSASoftware
Adamo RobotEstimateOtherSpainRehabilitative Robots
Allen Management Programs$12,000,000SeedUSADefense Expertise
Asensus Surgical$20,000,000OtherUSASurgical Robots
AutoPylot$1,525,400OtherUSASoftware
Collaborative Robotics$100,000,000Series BUSACollaborative Robots
Management One AI$350,000Pre-SeedIndiaSoftware
CYNGN$5,000,000OtherUSAMobile Robots
Excelland AI (Uditech)EstimateOtherChinaMobile Robots
Formic TechnologiesEstimateOtherUSACollaborative Robots
Fotokite$10,990,738Series BSwitzerlandDrones
ikitbotEstimateSeedChinaMobile Robots
Innoplier (Harbin Gong Zhiling)$1,250,000SeedChinaMobile Robots
Okay-Scale Labs$500,000Pre-SeedUSAHumanoids
Kalman$365,330SeedKoreaQuadrupeds, Unmanned Underwater Autos
Kraken Robotics$57,768,023OtherCanadaSensing
Mengyou Intelligence$3,000,000SeedChinaRobotic Toys
Mentee Robotics$17,000,000OtherIsraelHumanoids
Moying Robotics$13,824,757Series AChinaMobile Manipulators
Olivaw Robotics$1,303,458Pre-SeedGermanySoftware
Pipedream Labs$13,000,000OtherUSAMobile Robots
Pivot Robots$500,000Pre-SeedUSASoftware
Planys Applied sciences$5,157,511SeedIndiaUnmanned Underwater Autos
Raion RoboticsEstimateSeedKoreaQuadrupeds
Rise Robotics$14,364,512OtherUSAMotion Management
RisenLightenEstimateSeedChinaSoftware
RoboBurger$1,500,000OtherUSAOther Business
RoboMinderEstimateSeedUKSoftware
Rokae$70,506,944OtherChinaCollaborative Robots
Serve Robotics$40,000,000OtherUSAMobile Robots
SpinEM Robotics$10,703,452Series AFranceSurgical Robots
TerraClear$15,306,337Series AUSAMobile Robots
Voyager Expertise$13,815,971Series BChinaSensing
Different firms attracting substantial rounds illustrate the broad vary of firm varieties that obtained funding in April 2024. For instance, Kraken Robotics, a developer of unmanned underwater autos and sensors, pulled in $45 million, whereas Serve Robotics, a supplier of autonomous cell supply robots, attracted $40 million. Different April funding leaders included Asensus Surgical ($20 million), a provider of robotic laparoscopy techniques, and humanoid robotic supplier Mentee Robotics ($17 million).
As with earlier months, firms situated in america and China obtained the most important funding quantities, $239 million and $115 million, respectively (See Determine 2). Corporations primarily based within the U.S. (14) and China (9) additionally obtained nearly all of the rounds.
For each the whole variety of investments and the general quantity of funding, most fell into the ‘Different’ class, a catchall phrase for funding varieties that fall outdoors the standard phases of funding that companies undergo earlier than their preliminary public providing (ex. Seed, Sequence A, B, C, D, E and F funding).
![a pie chart showing robotics investments by country.](https://www.therobotreport.com/wp-content/uploads/2024/05/Fig-2.jpg)
Determine 2: April 2024 robotics funding by nation.
![a table showing robotics investments by type and amount.](https://www.therobotreport.com/wp-content/uploads/2024/05/Fig-3.jpg)
Determine 3: April 2024 robotics funding by funding sort and quantity.
Editor’s NoteWhat defines robotics investments? The reply to this query is central in any try to quantify them with a point of rigor. To make funding analyses constant, repeatable, and invaluable, 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 InvestingRobotics investments ought to come from enterprise capital companies, company funding teams, angel buyers, and different sources. Pals-and-family investments, authorities/non-governmental company grants, and crowdsourced funding are excluded.
Robotics and Clever Programs CompaniesRobotics firms 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 units. For this evaluation, autonomous autos (together with applied sciences that assist autonomous driving) and drones are thought-about robots, whereas 3D printers, CNC techniques, and varied kinds of “arduous” automation are usually not.
Corporations which are “robotic” in title solely, or use the time period “robotic” to explain services and products that don’t allow or assist units 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 nations. Firm places given within the evaluation are primarily based on the publicly listed headquarters in authorized paperwork, press releases, and so on.
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 personal interviews with trade representatives, buyers, and others. Unverifiable investments are excluded and estimates are made the place funding quantities are usually not offered or are unclear.