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Robotics investments for Could 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 12 months 2024 and significantly exceeds the trailing 12-month common of $1.2 billion. Robotics funding by Could 2024 totals roughly $5.7 billion.
The 2 largest robotics investments have 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 accomplice Aptiv minimize off monetary assist after incurring tens of millions of {dollars} in losses.
Drone corporations additionally attracted substantial investments in Could 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 companies for protection operations, and SwissDrones, a developer of unmanned helicopter methods for aerial missions past visible line of sight, raised $10.9 million (Seed) and $10 million (Collection B), respectively.
Not like earlier months, corporations situated within the U.S. and China didn’t obtain the biggest funding quantities. The UK, on account of Wayve’s outsized $1 billion spherical led the best way in Could 2024. Corporations 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 nearly all of the rounds in Could.
Two Collection C rounds contributed $1.1 billion to Could’s complete of $2.1 billion. The remaining funding lessons have been all represented in Could 2024.
| Firm | Quantity | Spherical | Nation | Expertise | ||
|---|---|---|---|---|---|---|
| Acumino | $4,049,694 | Different | U.S. | Sensors | ||
| Aerodome | $21,500,000 | Collection A | U.S. | Drone Companies | ||
| Arobot | $2,571,149 | Seed | Korea | Leisure Robots | ||
| BharatRohan | $2,298,887 | Different | India | Drone Companies | ||
| 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 | Outside 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 | Outside Cell Robots | ||
| Lucid Bots | $9,100,000 | Collection A | U.S. | Outside 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 Companies | ||
| 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 | Outside Cell Robots | ||
| Stial | $14,070,684 | Collection A | China | Robotic Arms | ||
| SwissDrones | $10,000,000 | Collection B | Switzerland | Drone Companies | ||
| TechEagle Improvements | Estimate | Different | India | Drone Companies | ||
| The Bot Firm | $150,000,000 | Seed | U.S. | Family Robots | ||
| UDEER.AI | $14,070,684 | Seed | China | Indoor & Outside 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 | Instructional Robots | ||
| XSQUARE Applied sciences | $7,786,458 | Collection A | Singapore | Indoor Cell Robots | ||
| XTEND | $40,000,000 | Collection B | Israel | Drone Companies | ||
| Zhuji Dynamics | Estimate | Different | China | Indoor & Outside Cell Robots; Humanoids |
Editor’s Word
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 worthwhile, it’s vital to wring out as a lot subjectivity as attainable in the course of 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 companies, company funding teams, angel buyers, and different sources. Associates-and-family investments, authorities/non-governmental company grants, and crowdsourced funding are excluded.
Robotics Corporations
Robotics corporations 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 units. For this evaluation, autonomous automobiles (together with applied sciences that assist autonomous driving) and drones are thought of robots, whereas 3D printers, CNC methods, and numerous varieties of “laborious” automation will not be.
Corporations which might be “robotic” in identify solely, or use the time period “robotic” to explain services that don’t allow or assist units appearing within the bodily world, are excluded. For instance, this contains “software program robots” and robotic course of automation. Many companies have a number of places in numerous nations. Firm places given within the evaluation are primarily based on the publicly listed headquarters in authorized paperwork, press releases, and so on.
Verification
Funding data is collected from a number of private and non-private sources. These embrace press releases from firms and funding teams, company briefings, market analysis companies, and affiliation and business publications. As well as, data comes from periods at conferences and seminars, in addition to throughout personal interviews with business representatives, buyers, and others. Unverifiable investments are excluded and estimates are made the place funding quantities will not be offered or are unclear.