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Robotics investments for Might 2024 topped $2.1 billion, the results of funding for 38 corporations. The $2.1 billion is the best month-to-month funding quantity for the yr 2024 and vastly exceeds the trailing 12-month common of $1.2 billion. Robotics funding by means of Might 2024 totals roughly $5.7 billion.
The 2 largest robotics investments had been raised by autonomous driving corporations. UK-based Wayve raised a $1 billion Collection C, whereas Massachusetts-based Motional raised $475 million from Hyundai. Motional’s funding got here simply weeks after companion Aptiv reduce off monetary help after incurring tens of millions of {dollars} in losses.
Drone corporations additionally attracted substantial investments in Might 2024. Aerodome, a developer of a drone-based information acquisition and evaluation system for emergency response operations, attracted $21.5 million in Collection A funding. Neros Applied sciences, a supplier of autonomous drones and providers for protection operations, and SwissDrones, a developer of unmanned helicopter programs for aerial missions past visible line of sight, raised $10.9 million (Seed) and $10 million (Collection B), respectively.
In contrast to earlier months, corporations situated within the U.S. and China didn’t obtain the most important funding quantities. The UK, because of Wayve’s outsized $1 billion spherical led the way in which in Might 2024. Firms primarily based within the U.S. and China acquired $852 and $138 million in funding, respectively. Extra usually, corporations primarily based within the U.S. (13) and China (8) acquired the vast majority of the rounds in Might.
Two Collection C rounds contributed $1.1 billion to Might’s whole of $2.1 billion. The remaining funding lessons had been all represented in Might 2024.
Firm | Quantity | Spherical | Nation | Expertise | ||
---|---|---|---|---|---|---|
Acumino | $4,049,694 | Different | U.S. | Sensors | ||
Aerodome | $21,500,000 | Collection A | U.S. | Drone Providers | ||
Arobot | $2,571,149 | Seed | Korea | Leisure Robots | ||
BharatRohan | $2,298,887 | Different | India | Drone Providers | ||
Bosso | $400,000 | Pre-Seed | Italy | Robotic Arms | ||
Carbon Robotics | $85,000,000 | Collection C | U.S. | Agrobotics | ||
Elephant Robotics | Estimate | Collection B | China | Robotic Arms | ||
Esper Bionics | $150,000 | Different | U.S. | Prosthetics | ||
Gatik | $30,000,000 | Different | U.S. | Autonomous Automobiles | ||
Gaussian Robotic | $50,000,000 | Collection D | China | Indoor Cell Robots | ||
Gideon | $4,599,889 | Different | Croatia | Indoor Cell Robots | ||
GUIMU ROBOT | Estimate | Collection A | China | Out of doors Cell Robots, Underwater Drones | ||
InterMag | Estimate | Different | Korea | Surgical Robots | ||
Intramotev | $6,250,918 | Different | U.S. | Autonomous Automobiles | ||
KC Robots (Zhejiang Kecong Clever Expertise) | Estimate | Collection A | China | Sensors | ||
Kisui Tech | $958,413 | Collection A | Japan | Out of doors Cell Robots | ||
Lucid Bots | $9,100,000 | Collection A | U.S. | Out of doors Cell Robots | ||
mimic | $2,421,651 | Pre-Seed | Switzerland | Robotic Arms, Finish Effectors | ||
Motional | $475,000,000 | Different | U.S. | Autonomous Automobiles | ||
MOVE ON | $300,000 | Seed | Turkey | Sensors | ||
Neros Applied sciences | $10,900,000 | Seed | U.S. | Drone Providers | ||
Overland AI | $10,000,000 | Seed | U.S. | Sensors | ||
PhiGent Robotics | $30,000,000 | Collection B | China | Sensors | ||
Pickle Robotic | $15,000,000 | Collection B | U.S. | Trailer Unloading Robotic | ||
Realtime Robotics | Estimate | Collection B | U.S. | Software program | ||
silana | $1,628,399 | Seed | Austria | Robotic Arms | ||
Solinas Integrity | Estimate | Different | India | Out of doors Cell Robots | ||
Stial | $14,070,684 | Collection A | China | Robotic Arms | ||
SwissDrones | $10,000,000 | Collection B | Switzerland | Drone Providers | ||
TechEagle Improvements | Estimate | Different | India | Drone Providers | ||
The Bot Firm | $150,000,000 | Seed | U.S. | Family Robots | ||
UDEER.AI | $14,070,684 | Seed | China | Indoor & Out of doors Cell Robots | ||
Limitless Robotics | $5,000,000 | Seed | Israel | Indoor Cell Manipulators | ||
Wayve | $1,050,000,000 | Collection C | UK | Sensors | ||
Wefaa Robotics | Estimate | Seed | Singapore | Academic Robots | ||
XSQUARE Applied sciences | $7,786,458 | Collection A | Singapore | Indoor Cell Robots | ||
XTEND | $40,000,000 | Collection B | Israel | Drone Providers | ||
Zhuji Dynamics | Estimate | Different | China | Indoor & Out of doors Cell Robots; Humanoids |
Editor’s Notice
What defines robotics investments? The reply to this query is central in any try to quantify them with some extent of rigor. To make funding analyses constant, repeatable, and invaluable, it’s important to wring out as a lot subjectivity as attainable through the analysis course of. This begins with a definition of phrases and an outline of assumptions.
Investments
Robotics investments ought to come from enterprise capital corporations, company funding teams, angel buyers, and different sources. Buddies-and-family investments, authorities/non-governmental company grants, and crowdsourced funding are excluded.
Robotics Firms
Robotics corporations should generate or count on 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 gadgets. For this evaluation, autonomous autos (together with applied sciences that help autonomous driving) and drones are thought of robots, whereas 3D printers, CNC programs, and numerous sorts of “arduous” automation are usually not.
Firms which are “robotic” in title solely, or use the time period “robotic” to explain services that don’t allow or help gadgets performing within the bodily world, are excluded. For instance, this contains “software program robots” and robotic course of automation. Many corporations have a number of places in numerous international locations. Firm places given within the evaluation are primarily based on the publicly listed headquarters in authorized paperwork, press releases, and many others.
Verification
Funding data is collected from a number of private and non-private sources. These embody press releases from companies and funding teams, company briefings, market analysis corporations, and affiliation and trade publications. As well as, data comes from classes 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 offered or are unclear.