Discover June’s Funding Achievements of Robotics Companies
Introduction:
In June 2023, the robotics industry received a total of $2.1 billion in funding through 51 investments, bringing the year-to-date investment total to approximately $6.1 billion. Companies based in the United States and China received the most number of funding rounds, with 20 and 8 respectively. However, it was Israel-based companies that attracted the highest investment amount, with Mobileye receiving $1.6 billion and Percepto receiving $67 million. Additionally, providers of drones, drone-enabling technologies, and analytic services also garnered significant attention from the investment community. Surgical robotics developers and their enabling technologies also secured notable funding rounds. It is important to note that the data presented in this analysis is based on publicly available information and is subject to certain assumptions and definitions.
Full Article: Discover June’s Funding Achievements of Robotics Companies
Robotics funding in June 2023 reached an impressive $2.1 billion, thanks to 51 investments. The year-to-date investment total for the robotics industry stands at approximately $6.1 billion. This highlights the growing interest and investment in robotics technology across various sectors.
Major Investments in June 2023
1. A2Tech: A2Tech, based in Malaysia, produces mobile robotics solutions with a focus on industrial inspection.
2. Advanced Navigation: This Australian company secured $5.2 million in funding for its advanced navigation systems and robotics technologies.
3. Agtonomy: Located in the USA, Agtonomy produces a hybrid autonomy and tele-assist platform for agriculture vehicles.
4. Aibo Medical Robot: A Chinese company specializing in vascular interventional surgery robots, Aibo Medical Robot raised $14,095,426 in Series A funding.
5. Angsa Robotics: Angsa Robotics, based in Germany, provides mobile robots that automate rubbish collection.
6. Arbe: Arbe Robotics, headquartered in Israel, offers real-time 4D imaging software for autonomous driving.
7. Augmentus: Located in Singapore, Augmentus produces no-code robot programming software.
8. Aviant: Aviant, based in Norway, provides end-to-end drone services for cargo transport.
9. B GARAGE: This US company secured $20 million in Series A funding. B GARAGE specializes in autonomous drones and warehouse inventory management.
10. Barrett Technology: Barrett Technology in the USA offers a therapy robot designed for intensive motor learning practice and repetitions.
11. Blue Atlas Robotics: Blue Atlas Robotics, headquartered in Denmark, manufactures subsea inspection robots and provides marine survey solutions.
12. Cobionix: Cobionix is a Canadian company that produces autonomous collaborative robots.
13. Collaborative Robotics: Located in the United States, Collaborative Robotics secured $30 million in Series A funding. The company’s specific technology is unknown.
14. ESTAT Actuation: Based in the USA, ESTAT Actuation specializes in developing electroadhesive clutches that make robots and machines more capable and affordable.
15. FarmFleet: FarmFleet, headquartered in Ukraine, offers a drone-based solution for the application of pesticides and fertilizers.
16. FERNRIDE: This German company provides autonomous electric trucking solutions and secured $31,316,885 in Series A funding.
17. Grasp Robotics: Grasp Robotics, based in the USA, is developing humanoid robots, starting with a robotic hand.
18. Guardian Agriculture: Guardian Agriculture in the USA provides advanced crop protection services and attracted $14,999,973 in funding.
19. Hantewin: Hantewin, located in China, is an intelligent mobile robot manufacturer.
20. ideaForge: ideaForge, based in India, produces drones for mapping, security, and surveillance applications and secured $7,300,707 in funding.
21. Innoplier: Innoplier, headquartered in China, manufactures mobile robots for pipe inspection and maintenance operations.
22. IONA: Located in the UK, IONA develops zero-emission autonomous drone solutions for logistics in low population density areas.
23. ISYBOT: ISYBOT, based in France, is a designer and manufacturer of collaborative robots and secured $3,233,933 in funding.
24. LandSkyAI: LandSkyAI, located in the USA, offers a variety of autonomous robotics solutions.
25. Milvus Robotics: Milvus Robotics, based in Turkey, provides intelligent autonomous mobile robots.
26. Mobileye: The Israeli company Mobileye secured a staggering $1.6 billion in funding. They specialize in vision-based advanced driver assistance systems.
27. MOVE ON: MOVE ON, based in Turkey, produces AI-based Agtech solutions.
28. Nimbl’bot: Nimbl’bot, headquartered in France, produces snake-like robots for various tasks.
29. Novarc Technologies: Novarc Technologies in Canada specializes in the design and commercialization of collaborative robots for welding.
30. Ottonomy: Located in the USA, Ottonomy produces autonomous robots for contactless deliveries in both indoor and outdoor environments.
31. Paeon: Paeon, based in the USA, is a robotics company that develops adaptive prosthetics and autonomous robots.
32. Percepto: Percepto, headquartered in Israel, developed autonomous drone technology for surveillance and inspections and secured $67 million in Series C funding.
33. Realtime Robotics: Realtime Robotics, based in the USA, develops a software platform for robots to function with minimal programming and secured $9.5 million in Series A funding.
34. Renatus Robotics: Renatus Robotics, located in Japan, produces automated warehouse systems and secured $2 million in funding.
35. ROBO Medical: Based in China, ROBO Medical is a medical robotics research and development company.
36. SAGE Intelligent: SAGE Intelligent, headquartered in China, is a producer of mobile robotics for commercial and industrial applications.
37. SentinelSky: SentinelSky, based in the USA, offers first responder drone services.
38. silana: silana, located in Austria, develops technologies that automate the production process in the fashion industry.
39. sliQue Robotics: sliQue Robotics, based in the USA, develops mobile robots and technologies for various commercial sectors.
40. Teal Drones: Teal Drones, headquartered in the USA, produces unmanned aerial vehicle technology and secured $1.2 million in funding.
41. THINK Surgical: THINK Surgical, based in the USA, develops, manufactures, and markets robotic surgical systems for orthopedic surgery and secured $5 million in funding.
42. Turin Robot: Turin Robot, located in China, provides industrial robot automation and intelligent system integration solutions and secured $14,060,149 in Series A funding.
43. United Aircraft: United Aircraft, based in China, specializes in the research and development of drones and other equipment and secured $167,733,638 in Series D funding.
44. UnitX: UnitX, located in the USA, provides a deep learning inspection system for automated manufacturing and secured $40 million in Series B funding.
45. Urban Machine: Urban Machine, headquartered in the USA, manufactures robotics technology for lumber reclamation operations.
46. uWare Robotics: uWare Robotics, based in Belgium, produces autonomous underwater vehicles (AUVs) and secured $538,033 in funding.
47. Virtual Incision: Virtual Incision, located in the USA, develops a miniaturized surgical robotic support device with a focus on colon resection and secured $10,971,230 in funding.
48. Vision Aerial: Vision Aerial, based in the USA, offers drones and drone flight services and secured $307,281 in funding.
49. Voaige: Voaige, located in the USA, provides visioning software for robotics applications.
50. XSurgical Robotics: XSurgical Robotics, based in the USA, produces surgical robots and secured funding of $11,500.
51. Zikoo: Zikoo, located in China, offers pallet storage robots and other intelligent storage solutions and secured Series A funding.
Investment Distribution by Country
Based on the number of investment rounds, companies based in the United States and China received the most funding, with 20 and 8 investment rounds, respectively.
Israel-based companies attracted the highest amount of investment, with Mobileye receiving $1.6 billion and Percepto securing $67 million in Series C funding.
Growing Interest in Drone Technology
Providers of drones, drone-enabling technologies, and analytic services continue to attract significant investment. Examples include United Aircraft ($168M), B GARAGE ($20M), and ideaForge ($7M).
Sizable Funding for Surgical Robotics Developers
Surgical robotics developers and their enabling technologies are also securing significant funding. Aibo Medical Robot received a $14M Series A investment, while Virtual Incision and THINK Surgical received investments of $10.9M and $5M, respectively.
Atypical Funding Distribution in June 2023
In June 2023, most funding fell under the category of ‘Other’. This catchall descriptor includes investments that do not follow the typical stages of funding before an initial public offering. The results of June 2023 were impacted by Mobileye’s post-IPO secondary round.
Defining Robotics Investments
To analyze robotics investments consistently and objectively, it is essential to define terms and make assumptions. Investments should come from venture capital firms, corporate investment groups, angel investors, and similar sources. Friends-and-family investments, grants, and crowd-sourced funding are excluded.
Robotics companies are defined as those generating or expecting to generate revenue from robotics products, hardware or software subsystems, or services supporting robotics devices. Autonomous vehicles and drones are considered robots, whereas other automation technologies like 3D printers and CNC systems are not included. Companies using the term “robot” for products that do not enable physical action are also excluded.
Data Collection and Verification
Funding information is collected from various public and private sources, including press releases, market research firms, conferences, and interviews with industry representatives. Unverifiable investments are excluded, and estimates are made for unclear funding amounts.
In conclusion, the robotics industry witnessed significant funding in June 2023, with a total of $2.1 billion invested. This reflects the growing interest and investment in robotics technology globally, with companies from various countries securing funding for their innovative robotics solutions.
Summary: Discover June’s Funding Achievements of Robotics Companies
Robotics funding reached an impressive $2.1 billion in June 2023, with a total investment of approximately $6.1 billion for the year so far. The United States and China were the top countries for investment rounds, with Israel leading in terms of investment amount. Mobileye, a maker of vision-based sensors for driver assist and autonomous driving applications, secured $1.6 billion in funding. Other notable investments include Percepto, a developer of autonomous drone technology, which attracted $67 million in Series C funding. Surgical robotics companies also received significant funding, with Aibo Medical Robot, Virtual Incision, and THINK Surgical securing multimillion-dollar investments. The analysis excludes funding from friends and family, government grants, and crowdsourcing.
Frequently Asked Questions:
1. What is Robotics and how does it work?
Robotics is a branch of technology that deals with the design, construction, and operation of robots. It involves combining various disciplines like mechanical engineering, electrical engineering, and computer science to create automated machines capable of performing tasks autonomously or by remote control. These robots are usually equipped with sensors, actuators, and programming to sense, analyze, and respond to their environment.
2. What are the applications of Robotics?
Robotics finds applications in various fields, including manufacturing, healthcare, agriculture, space exploration, and entertainment. In manufacturing, robots are commonly used for assembly, welding, painting, and packaging, leading to improved efficiency and speed. In healthcare, they assist surgeons in complex operations and provide support for physical therapy. In agriculture, robots are used for harvesting, planting, and managing crops. Additionally, robots are used in space missions to explore celestial bodies and gather data.
3. What are the main types of robots?
The main types of robots include industrial robots, medical robots, service robots, and autonomous robots. Industrial robots are used in manufacturing and assembly processes, while medical robots assist in surgical procedures and rehabilitation. Service robots, such as household robots and drones, perform tasks for humans, like cleaning or delivery. Autonomous robots have the ability to operate without human control and are used in areas like exploration and surveillance.
4. What are the benefits of using robots?
The use of robots offers several benefits. They can perform repetitive tasks with high precision and accuracy, reducing human error and enhancing productivity. Robots can also handle dangerous tasks in hazardous environments, protecting human workers from harm. Additionally, robots can work continuously without fatigue, leading to increased efficiency and reduced costs for businesses. Moreover, robots can assist individuals with disabilities, improving their quality of life.
5. What are the future prospects of Robotics?
The future of Robotics holds tremendous possibilities. As technology continues to advance, there will be significant development in the fields of artificial intelligence, machine learning, and computer vision, enabling robots to become more intelligent and capable. This will lead to the emergence of advanced humanoid robots that can interact with humans naturally and perform a wide range of complex tasks. The integration of robots into various industries will further revolutionize the way we live and work, making everyday life more convenient and efficient.
