Mujin, which has raised a total of $178 million, plans to make its MujinController more accessible to developers.
A venture capitalist’s perspective on robotics
Founders should be aware the era of exiting a business based on little more than “promising technology” is over — you must eventually build a real business.
LIG Nex1 intends to acquire stake in quadruped maker Ghost Robotics
LIG Nex1 and a partner have offered to acquire 60% of industrial and defense supplier Ghost Robotics, which is valued at $400 million.
Amazon Industrial Fund leads Instock seed round for novel fulfillment robots
Instock, a developer of customer fulfillment robots, has brought in $3.2 million in an expanded seed funding round.
Gecko Robotics raises $100M Series C extension, adds board members to intensify defense focus
Gecko Robotics, which provides climbing robots and AI to inspect critical infrastructure, has obtained funding and added board members with defense expertise.
Intuitive Ventures raises $150M for minimally invasive care startups
Surgical robotics pioneer Intuitive Surgical launched Intuitive Ventures three years ago to lower the barriers to healthcare.
Robotics investment for October totals $980M
Robotics funding for the month of October 2023 equaled approximately $980 million, the result of 68 rounds. The October investments bring the 2023 robotics funding totals to $11.7 billion.
EU says Amazon, iRobot merger ‘may restrict competition’
The EU informed Amazon that its preliminary view is that the acquisition may restrict competition in the market for robot vacuum cleaners.
Don’t wait to plan next year’s robotics investments, says HowToRobot
Planning early for 2024 robotics investments can help align with business goals and prove project feasibility, says HowToRobot’s CEO.
Symbotic riding wave of logistics automation demand
Symbotic’s revenue increased 98% to $1.18 billion in 2023 thanks to deals with Albertson’s, Target and Walmart.
SiLC brings in $25M to expand Eyeonic Vision production
This round brings SiLC Technologies’ total funding to date to $56 million from its seed and Series A rounds.
Sarcos pivots from robotics to AI software development
Sarcos decides to pivot from physical robots to AI software solutions and announced major restructuring.
Inceptio CEO shares vision of how autonomous trucking will change freight industry
Inceptio CEO Julia Ma explained how he believes the advent of autonomous trucking will usher in a new business model for transporting freight.
Agile Robots acquires Franka Emika
Agile Robots said it will take over Franka Emika’s operations, keeping its approximately 100-person staff with plans to grow the company.
Promise Robotics brings in $15M to bring automation to homebuilding
The new funding will help Promise Robotics commercialize its robotic factory platform to support its growing demand from homebuilders.
Robotics companies raised $1.8B in September 2023
The Robot Report tracked 50 funding rounds in September 2023, bringing the year-to-date funding total to nearly $11 billion.
Knightscope launches $10M public safety infrastructure bond offering
Knightscope, a US-based developer of autonomous security robots, is offering a $10 million Public Safety Infrastructure Bond Offering to support its growth and benefit public safety professionals.
Building a full-stack robotics company in the age of large AI models
Electric Sheep Robotics’ Nag Murty dives into some of the challenges startups face when looking to scale their operations.
Neura Robotics brings in another $16M
Neura Robotics is currently on track to bringing a multi-purpose humanoid robot to the market.
Square Robots brings in $5M for tank inspection robots
Square Robots plans to use the latest round of funding to continue developing and deploying its inspection robots.
Saronic brings in $55M for autonomous vessels
With the funding, Saronic will accelerate research and development while also expanding in-house manufacturing capacity for rapid production.
Formant brings in $21M to expand enterprise focus
The round comes after a year of record growth for the company, during which Formant increased revenue by more than 500% year-over-year.