36 robotics investments accounted for US $620M, with funding for companies offering drone enabled knowledge and analytics companies significantly robust.
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
| COMPANY | AMOUNT | TYPE | COUNTRY | TECH, PROD & SERVICES | DESCRIPTION | |
|---|---|---|---|---|---|---|
| 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).
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).
Determine 2: February 2023 Robotics Funding Quantities by Funding Sort
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.
Verification
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.
