September 2023 robotics funding totaled $1.84 billion, the results of 50 investments. Whole funding for the months of January 2023 by way of September 2023 equals roughly $10.7 billion.
Robotics funding for the month of September 2023 totaled $1.84 billion, the consequence of fifty investments (See Desk 1 under or obtain Desk 1 HERE). Whole funding for the months of January 2023 by way of September 2023 equals roughly $10.7 billion.
Desk 1: September 2023 Robotics Funding and Funding
Firm IdentifyQuantitySortNation Tech-Prod-CompaniesDescription
AeroVironment$109,007,119OtherUSADronesAeroVironment makes a speciality of unmanned plane programs and electrical car charging options.
Agora RoboticsEstimatePre-SeedRomaniaIndoor Cellular RobotsAgora Robotics supplies simple to make use of, autonomous cellular robots.
AIS FieldEstimateSeedTurkeyUnmanned Underwater Automobiles, Different Industrial SystemsAIS Area supplies a spread of robotic inspection and upkeep companies for the oil and fuel, power and energy technology industries..
Anqing TechnologyEstimateOtherChinaSoftwareAnqing Expertise is a supplier of UAV visitors administration companies and tools, in addition to protected autonomous flight expertise.
Ascento$4,300,000Pre-SeedSwitzerlandOutdoor Cellular RobotsAscento produces a compact and agile leaping robotic designed for blended environments.
Aurrigo Worldwide$901,000OtherUnited KingdomIndoor Cellular Robots, Outside Cellular Robots, Autonomous Transportation SystemsAurrigo develops autonomous automobiles for airport baggage/cargo dealing with, safety/patrol and passenger actions.
AutoCoreEstimateSeries BChinaSoftwareAutoCore is a supplier of clever mobility software program, automotive electrical, and digital structure options.
Benmo Expertise (Direct Drive Tech)EstimateSeries AChinaActuators / Motors / ServosBenmo Expertise affords direct-drive energy options to suppliers of robotics programs, train tools, and different merchandise.
Blue Ocean Robotic$13,704,262Series CChinaIndoor Cellular Robots, Autonomous ForkliftsBlue Ocean Robotic is a supplier of autonomus cellular robots and administration programs.
Boxbot$12,000,000Series AUSAAutomated Storage & Retrieval SystemsBoxbot supplies storage and retrieval system that adapts to various cubic dimensions.
Calyo$1,634,079OtherCity ofSensors/Sensing SystemsCalyo is creating 3-D ultrasound sensor expertise to be used in extremely automated automobiles and platforms.
Cambrian Intelligence$2,999,998OtherUnited KingdomSensors/Sensing Methods, Video/Imaginative and prescient/ImagingCambrian Intelligence affords visioning expertise for robotics programs.
Changguangxi Clever Manufacturing$13,705,013Series AChinaCollaborative Robots, Articulated RobotsChangguangxi Clever Manufacturing focuses on the design and manufacturing of robots, clever movement applied sciences, and different objects.
CMR Surgical$163,948,774Series DUnited KingdomSurgical/Interventional SystemsCMR Surgical develops a surgical robotic system for minimal entry surgical procedure.
Deveron UAS$1,486,712OtherCanadaOperator Companies – Drones, Information Acquisition/Processing/ManagementDeveron UAS is a one-stop full-service UAS firm that makes use of knowledge produced by imagery and software program analytics.
Diamon Robotics (Daimeng Robotic)EstimateOtherChinaHumanoids/BipedsDaimeng Robotic is making a sequence of general-purpose humanoid robots.
Dilberg (DareRobot)EstimateOtherChinaArticulated RobotsDilberg (DareRobot) supplies robotics programs for heavy industrial manufacturing operations.
Diligent Robotics$25,000,000OtherUSAHumanoids/BipedsDiligent Robotics develops humanoid robotic assistants for work within the heathcare sector.
Driveblocks$2,355,586SeedGermanySoftwareDriveblocks affords a mapless autonomy platform that allows heavy responsibility automobiles to detect objects and understand their sourrounding with out counting on high-definition maps.
Eyebot$1,000,000Pre-SeedUSAOther Industrial SystemsEyebot is creating fast imaginative and prescient examination applied sciences for eyeglass.
FERNRIDE$19,000,000Series AGermanyAutonomous Transportation SystemsFERNRIDE supplies autonomous, electrical trucking options.
Flygildi ehf$2,200,000SeedIcelandDronesSilent Flyer affords a flapping-wing bird-like drone with wings that may morph their form throughout flight and fold into the physique.
GL INSEstimateSeedSouth KoreaArticulated Robots, Collaborative RobotsGL INS is an organization specializing within the improvement of business robots, industrial modules and automation amenities.
Gugong RobotEstimateOtherChinaIndoor Cellular Robots, ExoskeletonsGongong Robotic is a producer of robotics options for the development sector.
Hong Jing Drive$13,755,536Series BChinaMicrocontrollers/Microprocessors/SoC, Software program, Sensors/Sensing SystemsHong Jing Drive supplies a computing platform for autonomous driving automobiles.
insideFPV$422,289SeedIndiaDronesinsideFPV supplies personalized able to fly First Individual View (FPV) drones.
Kodiak Robotics$75,000,000OtherUSASoftware, Sensors/Sensing SystemsKodiak Robotics develops autonomous expertise for long-haul trucking.
Loop TechnologyEstimateSeedUnited KingdomConsulting/Engineering, Articulated Robots, Sensors/Sensing SystemsLoop Expertise supplies industrial automation services.
Miso Robotics$551,384OtherUSAArticulated Robots, Sensors/Sensing SystemsMiso Robotics supplies robotics and clever automation options to the business meals service trade.
Monumental LabsEstimateSeedUSAArticulated Robots, Sensors/Sensing Methods, SoftwareMonumental Labs is constructing AI-enabled robotic stone carving factories.
Mujin$85,000,000Series CJapanArticulated Robots, Controllers, Sensors/Sensing SystemsMujin affords automation options and industrial robots to for manufacturing facility and logistics operations.
NakAI RoboticsEstimateSeedIsraelUnmanned Underwater VehiclesNakAI Robotics affords an underwater robotic that cleans ships’ hulls whereas the vessel is in movement.
Nauticus Robotics$20,000,000OtherUSAUnmanned Underwater Automobiles, Consulting/EngineeringNauticus Robotics supplies unmaned underwater automobiles and engineering companies.
OnSightEstimateSeedUSAOutdoor Cellular RobotsOnSight produces an autonomous and teleoperated unmanned floor car (UGV) that detects, reviews, and observes points and anomalies on photo voltaic farms.
Perceptual RoboticsEstimateOtherCity ofDrones, Operator Companies – Drones, Information Acquisition/Processing/ManagementPerceptual Robotics supplies clever automation options based mostly on unmanned aerial programs for wind turbine and different infrastructure inspection.
Puncture Robotic$13,618,412Series AChinaSurgical/Interventional SystemsPuncture Robotic develops venipuncture robots that assist in conducting blood assortment with out human intervention.
Q-Bot$4,371,366OtherUnited KingdomIndoor Cellular RobotsQ-Bot produces cellular robots that spray insulation beneath flooring.
REEV$3,190,508SeedFranceProsthetic/Orthotic Methods, Rehabilitation/Therapeutic Methods, ExoskeletonsREEV provdes light-weight and clever wearable robotic orthoses offering knee help whereas strolling, sitting, standing and climbing stairs.
Robocon$11,000,000OtherSouth KoreaArticulated RobotsRobocon is a developer of robotics and automation tools designed for the manufacturing of rebar for the development and metal industries.
Protect AI$150,000,000OtherUSADrones, SoftwareShield AI affords an AI pilot for plane and autonomus aerial automobiles.
silanaEstimateSeedAustriaArticulated Robots, Video/Imaginative and prescient/Imagingsilana is creating robotics and different applied sciences that automate guide stitching processes.
Sojo Industries$2,800,000SeedUSAArticulated Robots, System Integration/ProgrammingSojo Industries develops robotic meeting and packaging options for the meals and beverage industries.
Sq. Robotic$5,000,000OtherUSAUnmanned Underwater VehiclesSquare Robotic builds robotic programs for submerged oil and fuel inspections in above floor storage tanks.
Stack AV$1,000,000,000OtherUSASoftware, Sensors/Sensing Methods, Microcontrollers/Microprocessors/SoCStack AV develops superior autonomous programs applied sciences for the trucking trade.
Tethys Robotics$164,445OtherSwitzerlandUnmanned Underwater VehiclesTethys Robotics develops underwater drones that allow underwater search & restoration to inspection & surveillance.
Treeswift$10,811,986OtherUSADrones, Information Acquisition/Processing/ManagementTreeswift makes use of robotics and machine studying for forestry purposes.
UnitXEstimateOtherUSASensors/Sensing Methods, Video/Imaginative and prescient/Imaging, SoftwareUnitX supplies AI-powered machine imaginative and prescient options for the manufacturing trade.
Digital Incision$30,000,000Series CUSASurgical/Interventional SystemsVirtual Incision develops a miniaturized surgical robotic help gadget for colon resection.
Waste Robotics$7,308,199OtherCanadaVideo/Imaginative and prescient/Imaging, Sensors/Sensing Methods, Arms/ManipulatorsWaste Robotics designs and delivers clever robots to be used in recycling centres.
Zhuji Dynamics$120,000Pre-SeedChinaQuadrupeds, Humanoids/BipedsZhuji Dynamics affords leggd robotics programs.
Firms situated within the USA, China and Israel acquired probably the most rounds and probably the most funding quantities, dwarfing different international locations (Determine 1, under). Firms based mostly within the USA acquired the vast majority 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 firms accounted for $94M in funding.
The kinds of companies and their choices diversified extensively among the many funded firms. As standard, firms providing robotic surgical programs and enabling applied sciences attracted sizable rounds. CMR Surgical ($164 million) and Digital Incision ($30 million) function examples.
Additionally in step with 2023 funding traits, 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.
Firms providing unmanned aerial automobiles (drones), normally coupled with drone enabled knowledge and analytics companies, proceed to obtain sizable funding rounds. These suppliers sometimes give attention to surveying and inspection purposes for his or her choices, with development, agriculture, utilities and power sectors because the goal markets. Suppliers providing options to the protection and safety sectors additionally attracted funding. Examples embody AeroVironment ($109M), Treeswift ($11M), Protect AI ($150M), and Perceptual Robotics ($3M).
Determine 1: September 2023 Robotics Funding by Nation
For each the entire variety of investments and the entire quantity of funding, most funding fell beneath the aegis of ‘Different’, a catchall descriptor for investments that don’t embody the everyday levels of funding that companies undergo earlier than their preliminary public providing (ex. Seed rounds adopted by Sequence A, B, C, D and E funding). A single Sequence D spherical (CMR Surgical, $164M) accounted for roughly 9% of Septembers 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
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 beneficial, it’s important to wring out as a lot subjectivity as potential 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 companies, company funding teams, angel traders, and different sources. Pals-and-family investments, authorities/non-governmental company grants, and crowd-sourced funding are excluded.
Robotics and Clever Methods 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 companies supporting robotics units. For this evaluation, autonomous automobiles (together with applied sciences that help autonomous driving) and drones are thought-about robots, whereas 3D printers, CNC programs, and numerous kinds of “exhausting” automation should not.
Firms which might be “robotic” in identify solely, or use the time period “robotic” to explain services that don’t allow or help 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 areas in several international locations. Firm areas given within the evaluation are based mostly on the publicly listed headquarters in authorized paperwork, press releases, and so on.
VerificationFunding info is collected from quite a lot of private and non-private sources. These embody press releases from companies and funding teams, company briefings, market analysis companies, and affiliation and trade publications. As well as, info comes from periods at conferences and seminars, in addition to throughout personal interviews with trade representatives, traders, and others. Unverifiable investments are excluded and estimates are made the place funding quantities should not supplied or are unclear.
