We covered nearly fifty mergers and acquisitions in 2022 worth billions of dollars. These eight stood out from the rest.
Aerones raises $38.9M for robots to clean wind turbines
There are more than 70,800 wind turbines in the U.S., which generated about 9% of the country’s electricity in 2021.
Remembering robotics companies we lost in 2022
Running a successful robotics company is never easy. Unfortunately, these companies found out it’s even harder during a pandemic and supply chain crisis.
SafeAI brings in $38M for construction retrofit kits
SafeAI announced that it brought in $38 million in Series B funding. The company offers retrofit kits for construction and mining vehicles.
Guardforce AI signs definitive agreement to acquire Shenzhen Kewei’s robot business
Guardforce AI announces a definitive agreement to acquire certain parts of Kewei’s robot business-related assets in China.
Fruitcore Robotics brings in over $24M
Fruitcore Robotics brought in 23 million euros, over $24 million, in Series B funding.
LiDAR maker Quanergy files Chapter 11 bankruptcy
Quanergy went public just 10 months ago via a SPAC with China’s CITIC Capital, at an implied $1.4 billion equity value.
Intrinsic acquires ROS maker Open Source Robotics Corp
Brian Gerkey said “greater institutional support from Intrinsic and the resources from this transaction allow our team to focus on what we do best and accelerate development of ROS, Gazebo, and Open-RMF in a sustainable way.”
Robco brings in $13.8M for its modular robotic arms
Robco, a Munich-based startup that builds modular robots to automate small to medium industrial businesses, brought in around $13.8 million.
Einride raises $500M for autonomous trucks
The funding includes debt financing and equity contributions to help Einride continue to scale its technology.
Kodiak Robotics snags $49.9M army contract for autonomous vehicles
The United States Army and the Defense Innovation Unit (DIU) awarded Kodiak Robotics with a 24-month, $49.9 million contract in October.
Ekso Bionics buys Parker Hannifin’s exoskeleton business for $10M
The deal includes the planned development of robotic-assisted orthotic and prosthetic devices, the companies said.
Nidec to acquire Italian tool maker PAMA
Nidec, the Japanese electric motor maker, announced that it acquired PAMA, an Italian machine tool manufacturer.
MicroVision acquiring LiDAR maker Ibeo
Ibeo recently filed for insolvency because it could not secure further growth financing.
Gecko Robotics awarded $1.5M Air Force contract
The U.S. Air Force Nuclear Weapons Center has awarded Gecko Robotics with an 18-month, $1.5 million contract through the SBIR program.
Titan Medical to begin strategic review, may explore sale
Titan Medical announced today that it plans to review and evaluate strategic alternatives to unlock shareholder value.
Verdant Robotics cultivates $46.5M in Series A funding
Verdant Robotics’ Series A raised $46.5 million. The money will speed up the company’s robotic farm manufacturing and market launch.
Locus Robotics raises $117M for autonomous mobile robots
Locus Robotics has now raised $422 million since it was founded in 2014.
Bionaut Labs raises $43M for drug delivery robots
Through magnetic propulsion, the company’s Bionauts can navigate the human body and deliver drugs locally.
Attabotics brings in $71.7M in Series C funding
Attabotics announced that it brought in $71.7 million in Series C-1 funding. The latest round brings its total funding to $165.1 million.
Soft Robotics picks up $26M
Soft Robotics brought in $26 million in the first closing of its Series C funding round to expand commercial deployment of its mGripAI.
ISEE’s yard automation solution brings in $40M
ISEE, the Cambridge, Mass.-based developer of self-driving yard truck solutions, announced that it raised $40 million in Series B funding.