February 2023 Robotics Investments Whole US $620 Million



36 robotics investments accounted for US $620M, with funding for companies offering drone enabled knowledge and analytics companies significantly robust.

February 2023 Robotics Investments Total $620 Million

Robotics funding for the month of February 2023 totaled $620M (See Desk 1, under or obtain Desk 1 HERE), the results of 36 investments. The February investments deliver the 2023 totals to roughly $1.14B.

Firms providing unmanned aerial autos (drones), normally coupled with drone enabled knowledge and analytics companies, had been significantly robust in February, with companies receiving sizable mid to late stage funding rounds. These suppliers sometimes give attention to surveying and inspection functions for his or her choices, with building, agriculture, utilities and vitality sectors because the goal markets. Examples embrace Skydio ($230M, Collection E), Fulfil Options ($60M, Collection B), Garuda Aerospace ($22M, Collection A), and i-KINGTEC ($20M, Collection C). UK primarily based DRONAMICS landed $40M in Seed spherical funding.

Desk 1: February 2023 Robotics Funding and Funding

AirGo $2,700,000 Seed Oman Operator Companies – Drones, Information Acquisition / Processing / Administration AirGo gives drone operations companies.
Aniai $3,000,000 Seed USA Different Business Aniai has developed a robotic kitchen for fast service eating places.
Apptronik $10,000,000 Different USA Humanoids / Bipeds Apptronik builds and designs humanoid robotics methods.
Ascento $162,543 Grant Switzerland Indoor Cell Platforms, Outside Cell Platforms Ascento gives a two-wheeled leaping robotic designed for blended environments.
Asylon Estimate Collection A USA Quadrupeds, Outside Cell Platforms Asylon gives perimeter safety options utilizing quadrapedal robots and drones.
Aurrigo Worldwide $867,136 Grant UK Outside Cell Platforms, Autonomous Transportation Methods (Auto, Truck, Monorail and so forth.) Aurrigo gives self-driving autonomous autos for airport baggage cargo dealing with and passenger autos
CaPow $7,500,000 Seed Israel Energy Provides CaPow gives an answer that gives contonious energy to automated robotics fleets.
Deus Robotics $1,500,000 Seed Ukraine Indoor Cell Platforms Deus Robotics produces cell robotics options for logistics operations.
DRONAMICS $40,000,000 Seed UK Drones, Networking / Connectivity, Sensors / Sensing Methods DRONAMICS gives unmanned aerial methods for business delivery and particular cargo functions.
Fly X Aerospace $20,542 Seed India Drones, Operator Companies – Drones, Information Acquisition / Processing / Administration Fly-x Aerospace gives design, improvement and customization options for Unmanned Aerial Automobiles (UAVs).
Fortem Applied sciences $17,800,000 Different USA Drones, Networking / Connectivity, Sensors / Sensing Methods Fortem Applied sciences gives airspace consciousness, safety, and protection options for detecting and defeating harmful drones utilizing distributed radar and autonomous drone seize.
Fulfil Options $60,000,000 Collection B USA Indoor Cell Platforms, Software program Fulfil gives a robotic automation answer for grocery retailer and different retail e-commerce companies.
Garuda Aerospace $22,000,000 Collection A India Drones, Operator Companies – Drones Garuda Aerospace develops unmanned aerial autos and drones for the protection and aerospace sectors.
Huanzhi Expertise $4,405,631 Different China Forklift AGVs, Indoor Cell Platforms Huanzhi Expertise gives built-in logistical options resembling robots and unmanned management methods for industrial and dispatch autos.
i-KINGTEC Estimate Collection C China Drones, Drones, Information Acquisition / Processing / Administration i-KINGTEC is a developer of clever industrial drone and UAV methods.
Indrones $847,475 Different India Drones, Operator Companies – Drones, Software program Indrones gives high-resolution knowledge companies options utilizing drones for functions throughout many industries.
IVEX $2,442,238 Seed Belgium Software program, Sensors / Sensing Methods IVEX develops security co-pilot applied sciences for autonomous vehicles.
Kinetic Applied sciences $175,000 Different USA Different Industrial Kinetic Applied sciences is an engineering design and construct agency that provides the RT1, a robot-controlled rotary desk designed to maximise welding productiveness.
Kiwibot $10,000,000 Different USA Outside Cell Platforms Kiwibot designs and manufactures a fleet of cell robots used for meals supply on faculty campuses.
Linebird $75,000 Grant USA Drones, Different, Information Acquisition / Processing / Administration Linebird gives drone-based automation options for utilities.
Muniu Expertise $14,361,213 Collection C China Sensors / Sensing Methods Muniu Expertise is a supplier of millimeter-wave radar clever system options for autonomous driving, sensible transportation, and clever IoT.
Nanoflex Robotics $12,000,000 Collection A Switzerland Surgical / Interventional Methods Nanoflex Robotics, a spin-off from ETH Zurich, gives advancing robotic applied sciences for surgical interventions for the remedy of ischemic stroke.
Oinride Oy $16,208 Pre-Seed Finland Outside Cell Platforms, Software program Oinride Oy gives clever robots for operation in hazardous environments.
Orthopus $2,180,929 Seed France Rehabilitation / Therapeutic Methods Orthopus produces robotic assistive gadgets for arm mobility.
Ardour Intelligence Estimate Collection B China Indoor Cell Platforms, Automated Information Automobiles Ardour Intelligence is a supplier of automated robotic options and companies for warehousing, logistics, and manufacturing processes.
PuduTech $15,000,000 Collection C China Indoor Cell Platforms PuduTech gives autonomous supply robots for the house care, meals service, and catering industries.
Skydio $230,000,000 Collection E USA Drones, Software program, Sensors / Sensing Methods Skydio produces drone and enabling applied sciences which can be utilized by shopper, enterprise, and authorities clients.
sliQue Robotics Estimate Seed USA Indoor Cell Platforms sliQue Robotics develops cell robots and different applied sciences for numerous business sectors.
SwarmFarm Robotics $8,384,636 Collection A Australia Outside Cell Platforms ADAMA gives robotics platforms for environment friendly and sustainable agriculture.
TETRA ELC Estimate Collection B China Indoor Cell Platforms, Outside Cell Platforms TETRA ELC is a producer of robotic tools that gives robotics sensing, operation and upkeep options for the vitality trade.
ThayerMahan $30,549,982 Different USA Unmanned Underwater Automobiles, Unmanned Floor Automobiles ThayerMahan is a supplier of marine robotic options for the federal government and trade.
Third Wave Automation $15,000,000 Different USA Sensors / Sensing Methods, Controllers Third Wave Automation gives a controls and sensor package deal that may retrofit present fork vans making them autonomous or managed remotely.
Toggle Robotics $3,000,000 Collection A USA Articulated Robots, Software program Toggle Robotics makes use of robotics {hardware}, software program, and companies to automate the pre-assembly of building supplies.
ZD Medtech $14,592,149 Collection B China Rehabilitation / Therapeutic Methods ZD Medtech is an organization specializing within the improvement and software of clever rehabilitation robots.
Zeabuz $1,947,089 Different Norway Unmanned Floor Automobiles, Operator Companies – USVs Zeabuz gives autonomy-as-a-service platform to city ferry operators.
Zeitview (previously DroneBase) $55,000,000 Collection E USA Drones, Operator Companies – Drones, Information Acquisition / Processing / Administration Zeitview is an information analytics supplier that by way of aerial drone companies.

Firms situated within the USA obtained probably the most rounds (14) and probably the most funding ($436M), dwarfing different international locations (Determine 1). Funding into Chinese language companies got here in at a distant second (7 rounds for a complete of $81M).

February 2023 Robotics Investments

Determine 1: February 2023 Robotics Funding by Nation

All funding sorts had been effectively represented within the February 2023 funding survey (Determine 2). Collection E rounds accounting for the majority of the funding quantities, bouyed by investments into drone knowledge companies suppliers Zeitview (previously DroneBase) and Skydio , at $55M and $230M, respectively (Determine 3).

February 2023 Robotics Investments

Determine 2: February 2023 Robotics Funding Quantities by Funding Sort

February 2023 Robotics Investments

Determine 3: February 2023 Robotics Funding Quantities by Funding Quantity and Quantities

Editors’ notice: What defines robotics investments? The reply to this easy query is central in any try and quantify them with a point of rigor. To make funding analyses constant, repeatable, and worthwhile, 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 investing
Funding ought to come from enterprise capital companies, company funding teams, angel buyers, and different sources. Associates-and-family investments, authorities/non-governmental company grants, and crowd-sourced funding are excluded.

Robotics and clever methods firms
Robotics 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 gadgets. For this evaluation, autonomous autos (together with applied sciences that assist autonomous driving) and drones are thought of robots, whereas 3D printers, CNC methods, and numerous forms of “exhausting” automation are usually not.

Firms which can be “robotic” in identify solely, or use the time period “robotic” to explain services that 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 areas in numerous international locations. Firm areas given within the evaluation are primarily based on the publicly listed headquarters in authorized paperwork, press releases, and so forth.

Funding info is collected from a lot of private and non-private sources. These embrace press releases from companies and funding teams, company briefings, imarket analysis companies, and affiliation and trade publications. As well as, info comes from periods at conferences and seminars, in addition to throughout non-public interviews with trade representatives, buyers, and others. Unverifiable investments are excluded and estimates are made the place funding quantities are usually not supplied or are unclear.