August 2023 Robotics Investments Complete US $2.1 Billion

By Dan Kara | October 31, 2023

Robotics funding for the month of September 2023 totaled $1.84 billion, the consequence of fifty investments (See Desk 1 under or obtain Desk 1 HERE). Complete funding for the months of January 2023 via September 2023 equals roughly $10.7 billion.

Desk 1: September 2023 Robotics Funding and Funding

Corporations situated within the USA, China and Israel obtained probably the most rounds and probably the most funding quantities, dwarfing different nations (Determine 1, under). Corporations based mostly within the USA obtained the vast majority of the rounds (23), which resulted in a complete funding influx of $537 million. Corporations based mostly in China attracted $141 million in funding (coming from 17 investments), whereas 4 investments in Israeli corporations accounted for $94M in funding.

The varieties of companies and their choices assorted extensively among the many funded corporations. As ordinary, corporations providing robotic surgical programs and enabling applied sciences attracted sizable rounds. CMR Surgical ($164 million) and Digital Incision ($30 million) function examples.

Additionally according to 2023 funding developments, suppliers of self-driving software program and {hardware} options for autonomous transportation, additionally obtained substantial funding. Stack AV ($1 billion), Kodiak Robotics ($75 million), FERNRIDE ($19 million) and AutoCore ($10 million), exemplify.

Corporations providing unmanned aerial autos (drones), normally coupled with drone enabled knowledge and analytics providers, proceed to obtain sizable funding rounds. These suppliers usually give attention to surveying and inspection functions for his or her choices, with development, agriculture, utilities and power sectors because the goal markets. Suppliers providing options to the protection and safety sectors additionally attracted funding. Examples embody AeroVironment ($109M), Treeswift ($11M), Protect AI ($150M), and Perceptual Robotics ($3M).

Determine 1: September 2023 Robotics Funding by Nation

For each the whole variety of investments and the whole quantity of funding, most funding fell below the aegis of ‘Different’, a catchall descriptor for investments that don’t embody the standard phases of funding that companies undergo earlier than their preliminary public providing (ex. Seed rounds adopted by Collection A, B, C, D and E funding). A single Collection D spherical (CMR Surgical, $164M) accounted for roughly 9% of Septembers 2023’s funding totals.

Determine 2: September 2023 Robotics Funding Quantities by Funding Kind

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

Editor’s word: 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 beneficial, it’s crucial to wring out as a lot subjectivity as doable in the course of 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. Buddies-and-family investments, authorities/non-governmental company grants, and crowd-sourced funding are excluded.

Robotics and Clever Methods Corporations
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 units. For this evaluation, autonomous autos (together with applied sciences that assist autonomous driving) and drones are thought-about robots, whereas 3D printers, CNC programs, and numerous varieties of “arduous” automation should not.

Corporations which are “robotic” in title solely, or use the time period “robotic” to explain services and products that don’t allow or assist units appearing 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 places in several nations. Firm places given within the evaluation are based mostly on the publicly listed headquarters in authorized paperwork, press releases, and many others.

Verification
Funding info is collected from plenty of private and non-private sources. These embody press releases from companies and funding teams, company briefings, market analysis companies, and affiliation and trade publications. As well as, info comes from periods at conferences and seminars, in addition to throughout personal interviews with trade representatives, buyers, and others. Unverifiable investments are excluded and estimates are made the place funding quantities should not offered or are unclear.