The companies aim to combine in an all-stock transaction, focusing on commercializing Conavi’s Novasight Hybrid system.
LG Electronics invests $60M in service robot maker Bear Robotics
LG said its investment into Bear Robotics follows its roadmap for standardized service platforms and software-defined robotics.
RIOS Intelligent Machines raises Series B funding, starts rolling out Mission Control
RIOS has gotten investment from Yamaha and others to continue developing machine vision-driven robotics for manufacturers.
Cambrian Robotics obtains seed funding to provide vision for complex tasks
Cambrian will use the funding to continue its mission of giving industrial robots human-level capabilities for complex tasks.
Recycling automation startup Glacier brings in $7.7M
Glacier has also announced that it will be collaborating with Amazon to enhance traceability and recovery processes for recyclables.
Robotics companies raised $578M in January
The funding total was substantially lower than the trailing twelve-month average, but in line with January 2023’s figure of $523 million.
Figure AI raises whopping $675M to commercialize humanoids
Figure AI has raised funding from Amazon, Microsoft, NVIDIA, Open AI, and others to accelerate humanoid development, AI training, manufacturing, and hiring.
RobCo raises $42.5M for automation for small, midsize manufacturers
RobCo develops flexible robotic hardware kits for various applications in SME manufacturing, including machine loading and palletizing.
Omnirobotic obtains $500k to expand product offerings for manufacturers
Omnirobotic plans to use the funding to commercialize robots using its AutonomyOS AI platform for applications such as sanding.
Medical Microinstruments raises $110M to support surgical robot
Medical Microinstruments said in a news release that it marks the largest-ever investment in microsurgery innovation.
Monumental raises $25M for bricklaying robots
Monumental said its robots can move freely around building sites to help contractors address labor shortages and rising costs.
Nauticus Robotics secures over $12M to propel Aquanaut’s autonomous exploration
Nauticus has announced a new funding round and change in executives to support a new focus on commercializing its technology.
Project 3 Mobility brings in $107M for its autonomous mobility ecosystem
Project 3 Mobility’s ecosystem will be made up of an autonomous electric vehicle, specialized infrastructure, and a mobility service.
10 startups selected for MassRobotics Accelerator
The first recipients of funding in the MassRobotics and MassTech accelerator program discussed their innovative projects.
Starship raises $90M for outdoor delivery robots
Starship Technologies plans to use the funding to expand its delivery services around the world.
Robotics investments top $749M in December 2023
Forty-one robotics companies raised $749 million in December 2023. Total robotics funding for 2023 equals approximately $12.9 billion.
$5M MassTech Collaborative initiative boosts state’s robotics sector
Program will focus on expansion of research and development, testing, commercialization, and workforce development for the Massachusetts robotics cluster.
Cruise and Motional backers slash robotaxi funding
GM-backed Cruise will see its budget cut by $1 billion and one of Motional’s two leading backers will no longer fund the company.
Agtech startup Small Robot Company shutting down
Despite having a signed term sheet, the awaited investment failed to materialize before the company’s financial runway ran out.
Canadian Robotics Council raises $100,000
The Canadian Robotics Council entered into a funding partnership with Next Generation Manufacturing Canada to build visibility for Canadian robotics capabilities, both at home and abroad.
Tire-changing startup RoboTire files for Chapter 7 bankruptcy
According to the Chapter 7 bankruptcy filing, RoboTire has $12.7 million in liabilities and $12.3 million in assets.
Teradyne robotics group earns $375M in 2023
See a revenue breakdown for both Universal Robots and Mobile Industrial Robots, which are both owned by Teradyne.