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Might Mobility launched an autonomous driving shuttle service in November at an Arizona retirement group.
Robotics investments reached about $418 million in November 2023 because of 40 funding rounds. November’s $418 million was the bottom month-to-month funding quantity via the primary 11 months of 2023. With the November investments, robotics funding for the primary 11 months of 2023 totals roughly $12.1 billion.
The 2 largest particular person funding rounds for November 2023 went to suppliers of self-driving software program and {hardware}. Might Mobility, a supplier of autonomous driving expertise for industrial fleets, pulled in a $105 million Sequence D spherical, whereas Eacon Mining, a developer of autonomous haulage options for operations at floor mines, raised greater than $55 million in Sequence C funding.
Different corporations receiving sizeable funding rounds in November 2023 embody GITAI, a developer of remote-controlled robots to help astronaut’s operations in area ($47.5 million), and China-based HCFA, a producer and integrator of business automation and robotics merchandise ($38 million).
As with earlier months in 2023, corporations positioned in China and america obtained nearly all of robotics investments, $166 million and $149 million, respectively. Firms based mostly in China and the U.S. additionally obtained nearly all of the rounds (23 of 40 investments between them), with the businesses within the remaining nations every receiving 3 or fewer investments. Two investments into the Japanese companies GITAI and Sensyn Robotics resulted in $63 million in funding.
All sorts of robotics investments have been properly represented in November 2023 (Figures 2 and three). For each the overall variety of investments and the general quantity of funding, most rounds and funding quantities fell into the ‘Different’ class, a catchall phrase for funding varieties that fall exterior the everyday phases of funding that companies undergo earlier than their preliminary public providing (ex. Seed, Sequence A, B, C, D, E and F funding). Michigan-based Might Mobility’s outsized Sequence D funding ($105 million) accounted for about one-quarter of all November 2023 funding.
For a recap of the investments, see the desk under or view a downloadable desk right here.
| Firm | Quantity | Spherical | Nation | Know-how | Description | |
|---|---|---|---|---|---|---|
| 4AG Robotics | $12,787,976 | Sequence A | Canada | Different Industrial | 4AG has developed totally autonomous, vision-guided robots designed to function in mushroom-growing racks and decide, trim, clear, and pack them | |
| Aether Biomedical | $5,800,000 | Sequence A | Poland | Prosthetic / Orthotic Methods | Aether Biomedical builds bionic limbs for higher limb amputees | |
| Augmentus | $5,725,000 | Sequence A | Singapore | Software program | Augmentus gives a pc imaginative and prescient and AI robotic movement planning resolution. | |
| Aurrigo Worldwide plc | $5,120,404 | Different | UK | Outside Cellular Platforms, Autonomous Transportation Methods | Aurrigo builds autonomous automobiles for airport baggage cargo dealing with and passengers. | |
| AVIC Inventive Robotics | $14,093,638 | Sequence B | China | Exoskeletons, Rehabilitation / Therapeutic Methods, Indoor Cellular Platforms | AVICspecializes in synthetic intelligence and repair robots, together with exoskeletons. | |
| Avitt Intelligence | Estimate | Seed | China | Collaborative Robots | Avitt Intelligence is a provider of built-in collaborative robotics applied sciences for manufacturing. | |
| BeeX | $2,000,000 | Different | Singapore | Unmanned Underwater Autos, Operator Providers – UUVs | BeeX gives hover-capable, autonomous underwater automobiles as a service. | |
| Benewake | $13,867,509 | Different | China | Sensors / Sensing Methods | Benewake develops LiDAR applied sciences for varied purposes. | |
| Crover | $500,000 | Different | UK | Indoor Cellular Platforms | Crover gives a robotic for grain storage monitoring. | |
| Eacon Mining | $55,470,039 | Sequence C | China | Autonomous Transportation Methods | Eacon Mining is a supplier of autonomous haulage options for operations at floor mines. | |
| EAVISION | $13,808,340 | Different | China | Drones | EAVISION develops drones for varied purposes. | |
| EVAS Intelligence | $13,787,208 | Seed | China | Microcontrollers / Microprocessors / SoC | EVAS Intelligence is an autonomous driving chip startup. | |
| Normal Autonomy | $3,000,000 | Seed | India | Collaborative Robots | Normal Autonomy is creating AI-powered robots for the manufacturing sector. | |
| Ghost Autonomy | $5,000,000 | Sequence E | USA | Software program | Ghost supplies software program that permits attention-free driving. | |
| GITAI | $47,566,412 | Different | Japan | Articulated Robots, Outside Cellular Platforms | GITAI develops remote-controlled robots to help astronaut’s operations in industrial area stations. | |
| Gosion Robotic | Estimate | Seed | China | Gantry Robots, Indoor Cellular Platforms | Guoxun Robotic develops industrial security inspection robots. | |
| Grayscale AI | $109,118 | Different | USA | Software program, Sensors / Sensing Methods, Software program | Grayscale AI supplies autonomy options based mostly on laptop imaginative and prescient and neuromorphic computation for drones and different unmanned techniques. | |
| HCFA | $37,808,219 | Different | China | Articulated Robots, Controllers | HCFA engages within the manufacturing and integration of business robotics. | |
| Hummingdrone | Estimate | Different | Turkey | Drones | Hummingdrone supplies autonomous drones and software program for the photo voltaic business. | |
| IDeAOcean | Estimate | Seed | South Korea | Software program | IDeAOcean is presently creating METHEUS, AI-based software program geared toward mechanically designing mechanisms for the operation of robots and mechanical units. | |
| Matic | $24,000,000 | Sequence A | USA | Indoor Cellular Platforms | Matic supplies AI-powered indoor robots for family cleansing. | |
| Might Mobility | $105,000,000 | Sequence D | USA | Autonomous Transportation Methods, Sensors / Sensing Methods, Software program | Might Mobility supplies autonomous driving expertise for industrial fleets. | |
| Micromoo Medical | Estimate | Seed | China | Surgical / Interventional Methods | Micromoo Medical manufactures robotic surgical techniques for ophthalmic procedures. | |
| Myactuator | $1,097,393 | Different | China | Actuators / Motors / Servos | Myactuator develops robotic actuators and management techniques. | |
| Nanjing Zhuling Know-how | Estimate | Seed | China | Indoor Cellular Platforms | Zhuling Know-how makes a speciality of development robotics techniques and supporting {hardware} & expertise options. | |
| Pipedream Labs | $9,427,169 | Different | USA | Outside Cellular Platforms | Pipedream Labs supplies a supply resolution utilizing cell robots, and an underground tunnel and tube system. | |
| Increase Robotics | Estimate | Seed | USA | Collaborative Robots, Indoor Cellular Platforms | Increase Robotics builds robotics that help employees with difficult duties on development websites | |
| Redwing Labs | Estimate | Seed | India | Drones, Operator Providers | Redwing Labs manufactures autonomous drones and working techniques for supply operations. | |
| SAFELOG | Estimate | Pre-Seed | Germany | Indoor Cellular Platforms, Different Industrial | SAFELOG supplies intralogistics options with a wide range of cell robotic choices and selecting techniques. | |
| Samudra Oceans | $1,002,727 | Pre-Seed | UK | Sensors / Sensing Methods, Software program | Samudra Oceans gives robots for seaweed farming. | |
| Sensyn Robotics | $14,942,512 | Different | Japan | Drones, Operator Providers, Knowledge Acquisition / Processing / Administration | Sensyn Robotics supplies a drone-based industrial inspection service. | |
| SliQue Robotics | Estimate | Seed | USA | Indoor Cellular Platforms | sliQue Robotics develops cell robots and different applied sciences for varied industrial sectors. | |
| Sorting Robotics | $2,000,000 | Different | USA | Collaborative Robots, Different Industrial | Sorting Robotics builds robotics and automation expertise for hashish and hemp producers. | |
| SUIND | $1,193,732 | Seed | Switzerland | Drones, Software program, Operator Providers | Suind supplies a drone-based resolution for real-time crop monitoring and remedy. | |
| Swarmbotics AI | Estimate | Pre-Seed | USA | Outside Cellular Platforms | Swarmbotics AI supplies autonomous, swarming, cell robots for business and protection. | |
| Teal Drones | $750,000 | Different | USA | Drones, Software program | Teal Drones produces unmanned aerial automobile expertise. | |
| True Well being | $14,092,843 | Sequence B | China | Surgical / Interventional Methods | True Well being is a surgical robotics firm. | |
| Unchained Robotics | $6,033,943 | Seed | Germany | Collaborative Robots, Different Industrial | Unchained Robotics is a robotics reseller and supplier of built-in automation platforms for small-to-medium producers. | |
| Virtuoso Surgical | $1,800,000 | Different | USA | Surgical / Interventional Methods | Virtuoso Surgical develops endoscopic robotic instruments for minimally invasive surgical procedure. | |
| XMACHINES | Estimate | Seed | India | Indoor Cellular Platforms, Outside Cellular Platforms | XMACHINES produces autonomous cell robots for varied indoor and outside purposes. |
Editor’s be aware
What defines robotics investments? The reply to this straightforward query is central in any try to quantify them with some extent of rigor. To make funding analyses constant, repeatable, and useful, it’s crucial 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.
Traders and investing
Funding ought to come from enterprise capital companies, company funding teams, angel traders, and different sources. Buddies-and-family investments, authorities/non-governmental company grants, and crowd-sourced funding are excluded.
Robotics and clever techniques 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 help autonomous driving) and drones are thought-about robots, whereas 3D printers, CNC techniques, and varied sorts of “laborious” automation should not.
Firms which can be “robotic” in identify solely, or use the time period “robotic” to explain services that don’t allow or help units performing within the bodily world, are excluded. For instance, this contains “software program robots” and robotic course of automation. Many companies have a number of areas in numerous nations. Firm areas given within the evaluation are based mostly on the publicly listed headquarters in authorized paperwork, press releases, and so forth.
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 companies, and affiliation and business publications. As well as, data comes from classes at conferences and seminars, in addition to throughout non-public interviews with business representatives, traders, and others. Unverifiable investments are excluded and estimates are made the place funding quantities should not supplied or are unclear.