Wednesday, November 26, 2014

2013 Robotics Funding Up 32% From 2012

Posted on 07/03/14 by Frank Tobe

UPDATED 7-3-14: Once again Google-X Labs' roboticist entrepreneur Travis Deyle has released his compilation of robotics-related venture funding for 2013. The results show a 32% increase over 2012 and $250.7 million for 19 start-ups.

From Travis' blog:

Robotics companies raised at least $250.7 million in 2013, which compares very favorably to the $190 Million from 2012. Also of interest this year: Google snapped up eight top-notch robotics companies (including Boston Dynamics and Redwood Robotics); Amazon announced its audacious drone delivery plans; Mako Surgical sold for $1.65B and MakerBot was acquired for $600M; a $100M VC fund was set up to invest specifically in robotics and AI!

This list is almost certainly incomplete, so be sure to let me know if I forgot anyone.

Caveats: I opted to leave off any funding that was under $1 Million. I also know of a number of still-stealthy startups that raised in excess of $1Million (each sub-$5M) in 2013, but I'm not at liberty to disclose those details until they're made public elsewhere. Finally, I opted to leave off  Shapeways' $30M round as it's not strictly robotics.

To read Travis's detailed company-by-company article, click here.

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About the author: Frank Tobe

Frank Tobe is the owner and publisher of The Robot Report. After selling his business and retiring from 25+ years as computer direct marketing and materials and consulting to the Democratic National Committee and major presidential, senatorial, congressional, mayoral campaigns and initiatives all across the U.S., Canada and internationally, he has energetically pursued a new career in researching and investing in robotics.

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