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Robotics funding reached $851 million in August 2023, the results of 62 investments (See Desk 1 beneath or obtain Desk 1 HERE). The whole quantity of funding for 2023 up to now is about $8.85 billion.
Firm NameAmountRoundCountryTechnology
ADUSEstimatedSeedSouth KoreaADUS affords autonomous driving applied sciences and providers.
Aerit$1,336,705Pre-SeedSwedenAerit offers drone supply providers.
Airobotics$553,873GrantIsraelAirobotics offers an end-to-end, absolutely automated resolution for accumulating aerial knowledge and gaining invaluable insights.
Altos Radar$3,500,000SeedUSAAltos Radar affords 4D Imaging Radar expertise for autonomous driving.
Artly CoffeeEstimatedOtherUSAArtly Espresso affords a robotic barista that learns varied coffee-making methods from human baristas
AsensingEstimatedSeries DChinaAsensing develops high-precision positioning expertise for autonomous autos.
AutoCoreEstimatedOtherChinaAutoCore is a supplier of software program and electronics for clever mobility.
Avion$4,729,998OtherUSAAvion is an autonomous aerial community that delivers medicals and vaccine provides through drones.
Büyütech$3,630,000OtherTurkeyBüyütech develops and manufactures passive-only notion options to make the roads safer.
Copperstone Applied sciences$1,912,485GrantCanadaCopperstone Applied sciences offers robotic providers for survey and investigation of difficult and distant areas.
Drone Metropolis$50,000GrantUSADrone Metropolis offers last-mile drone supply providers.
Endorobotics$8,300,000Series BSouth KoreaEndorobotics affords micro-robotic expertise and precision management expertise for endoscopic surgical procedure.
Farada Group$248,605Pre-SeedPolandFarada Group is an Unmanned Aerial Automobiles manufacturing firm.
Fieldwork Robotics$1,900,538OtherUnited KingdomFieldwork Robotics is growing autonomous harvesting robots.
FireFly Automatix$633,516OtherUSAFireFly Automatix manufactures automated, self-propelled, and autonomous gear for the turfgrass sector.
FUE BioscienceEstimatedSeries AChinaFUE Bioscience is a medical robotic R&D enterprise that focuses on microsurgery above the top and neck.
GITAI$15,000,000Series BJapanGITAI develops distant managed robots to switch astronaut’s operations in business house stations.
Helm.ai$55,000,000Series CUSAHelm.ai develops AI software program for driver help techniques, autonomous driving, and robotics.
Hunan Tree Industrial Manufacturing$13,905,884Series AChinaHunan Tree Industrial Manufacturing focuses on robotics and automation gear for casting, sanding, and sprucing.
Think about AerialEstimatedGrantUSAImagine Aerial makes use of superior drone expertise to accumulate detailed datasets that it distributes to its purchasers.
Imagry$15,000,000OtherUSAImagry is an Autonomous Driving (AD) software program supplier that gives a mapless driving system.
Innoviz Applied sciences$65,000,000OtherIsraelInnoviz develops LiDAR sensors and notion software program for autonomous autos.
Built-in Aerial PrecisionEstimatedOtherNigeriaIntegrated Aerial Precision offers drone providers and knowledge analytics for precision agriculture.
Instinct Robotics$25,000,000OtherIsraelIntuition Robotics offers care companion applied sciences for older adults.
Jacobi RobotEstimatedSeedChinaJacobi Robotic develops common AI and cross-embodiment management techniques for robots.
Jiaan Sensible$13,901,438Series AChinaJiaan Sensible offers built-in pressure management expertise options for robotics techniques.
Kernel Meals$36,000,000Series AUSAKernel Meals is a quick meals startup that makes use of robotics applied sciences to automate meals manufacturing.
Lukai ZhixingEstimatedSeries AChinaLukai Zhixing is a particular unmanned car total resolution supplier targeted on mining operations.
MaxByte Applied sciences$5,000,000Series AIndiaMaxbyte Applied sciences is an Industrial IoT firm empowering prospects by means of implementing manufacturing unit of the long run.
Mendaera$24,000,000Series AUSAMendaera is growing robotics options that tackle inefficiencies in healthcare.
Mooe Robotic$13,702,196Series BChinaMooe Robotic develops autonomous cellular robots and elevate vans for industrial purposes.
Novabot$10,000,000SeedUSANovabot affords cellular robots for garden mowing.
Novarc Applied sciences$20,000,000Series ACanadaNovarc specializes within the design and commercialization of collaborative robots for industrial purposes.
Nuwa Robotics$6,257,156Series BTaiwanNuwa Robotics affords a private robotic, together with an autonomous cellular robotic.
Olis Robotics$4,100,000OtherUSAOlis Robotics’ resolution operates robotic techniques and remotely displays, diagnose, and controls industrial robots.
Orangewood Labs$4,500,000OtherUSAOrangewood Labs is concentrated on automating mundane human jobs by means of Simple-to-use, collaborative and tele-operable robotic arms for Industries
PaXini Tech$3,000,000SeedChinaPaXini Tech offers tactile expertise and adaptive robots.
POMO RoboticsEstimatedOtherUnited KingdomRobotic system integrator and autonomous car startup.
Pony.ai$139,000,000OtherUSAPony.ai develops autonomous car expertise.
PROCEPT BioRobotics$150,000,000OtherUSAPROCEPT BioRobotics is a surgical robotics firm that develops water-based robotic techniques for prostate surgical procedure.
RefiberdEstimatedSeedUSARefiberd develops a robotics-based textile recycling system that kinds and recycles unsorted, discarded textiles into new ones.
Remora Robotics$2,828,492SeedNorwayRemora Robotics offers autonomous submarine robots that clear and examine fish farming pens whereas accumulating knowledge concerning the pen’s aquatic atmosphere.
Ronovo Surgical$27,427,167Series BChinaRonovo Surgical offers robotic and digital options for minimally invasive (MIS) and digital surgical procedure.
Saeki Robotics$2,300,000SeedSwitzerlandSaeki Robotics is a producing firm that gives robotic digital manufacturing models and {hardware} and software program automation instruments as a service.
Serve Robotics$30,000,000OtherUSAServe Robotics develops self-driving robots that ship meals and provides.
Skyline Robotics$3,350,000SeedIsraelSkyline Robotics focuses on automating actual property upkeep work at heights.
Easy Ag Options$38,500GrantUSASmooth Ag Options produces an autonomous feed rover and different applied sciences for ranch operations.
Delicate Robotic Tech$20,852,158Series CChinaSoft Robotic Tech is an Industrial automation provider providing versatile gripping options and different applied sciences.
Southeast FeishiEstimatedSeedChinaSoutheast Feishi affords drone inspection providers.
Speedbird Aero$2,051,955OtherBrazilSpeedbird Aero develops and operates unmanned aerial techniques to ship merchandise.
Spike Dynamics$280,000SeedUSASpike Dynamics offers actuators and synthetic muscle groups for aerospace and robotics purposes.
SweepeeEstimatedOtherPolandSweepee is a producer of self-driving sweeping robots.
Tongchuan PrecisionEstimatedSeries AChinaTongchuan Precision affords movement management options for industrial robots.
True Digital Surgical procedure$2,501,865Series BUSATrue Digital Surgical procedure builds a 3D digital surgical procedure visualization platform that gives visualization for a variety of surgical procedures.
ULS RoboticsEstimatedSeries AChinaULS Robotics offers quite a lot of industrial exoskeletons.
United RobotsEstimatedSeedUnited KingdomUnited Robots affords quite a lot of cellular robotics for cleansing and portage operations.
Vicarious Surgical$45,000,000OtherUSAVicarious Surgical is a robotics firm that develops robotic techniques that enable surgeons to carry out minimally invasive surgical procedure.
Virtuoso Surgical$179,820SeedUSAVirtuoso Surgical focuses on growing endoscopic robotic instruments for minimally invasive surgical procedure.
Weilan Clever$13,713,583Series AChinaWeilan Clever focuses on constructing all-purpose, legged robots for properties and companies.
Wilder Methods$8,559,086OtherUSAWilder Methods offers robotics and automation options for plane producers.
Zero Zero Robotics$1,700,000OtherChinaZero Zero Robotics produces a small, autonomous drone known as the Hover Digital camera.
Zhiyuan RoboticsEstimatedSeries AChinaZhiyuan Robotics develops general-purpose humanoid robots.
Corporations situated within the U.S., China and Israel obtained essentially the most rounds and essentially the most funding quantities, dwarfing different international locations (Determine 1, beneath). Corporations based mostly within the USA obtained the vast majority of the rounds (23), which resulted in a complete funding influx of $537 million. Companies based mostly in China attracted $141 million in funding (coming from 17 investments), whereas 4 investments in Israeli corporations accounted for $94M in funding.
Corporations providing robotic surgical techniques and enabling applied sciences had been notably sturdy in August. Examples embrace PROCEPT BioRobotics ($150M), Vicarious Surgical ($45M), Ronovo Surgical ($27M), and Endorobotics ($8M).
Suppliers of self-driving software program and {hardware} options for autonomous transportation, led by Pony.ai ($139M), additionally obtained substantial funding. Different corporations embrace Innoviz Applied sciences ($65M), Helm.ai ($55M) and Imagry ($15M).
Determine 1: August 2023 Robotics Funding by Nation
All funding varieties had been properly represented within the August 2023 funding evaluation (Determine 2). Roughly one-quarter of the August 2023 investments had been Pre-Seed and Seed rounds.
A couple of-half of the August 2023 funding quantities fell below the aegis of ‘Different,’ a catchall descriptor for investments that don’t embrace the everyday levels of funding that companies undergo earlier than their preliminary public providing (ex. Seed rounds adopted by Collection A, B, C, D and E funding). Investments within the ‘Different’ class accounted for over $500M in funding (Determine 3, beneath).
Determine 2: August 2023 Robotics Funding Quantities by Funding Kind
Determine 3: August 2023 Robotics Funding Quantities by Funding Quantity and Quantities
Editor’s observe: What defines robotics investments? The reply to this easy 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 attainable 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. Pals-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 units. For this evaluation, autonomous autos (together with applied sciences that help autonomous driving) and drones are thought of robots, whereas 3D printers, CNC techniques, and varied varieties of “arduous” automation usually are not.
Corporations 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 corporations 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 forth.
VerificationFunding data is collected from a variety of private and non-private sources. These embrace press releases from companies 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 usually are not supplied or are unclear.
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