Investments / Funding

Gideon Brothers announces it has raised $31 million in Series A investment to expand its AMR product line.

Realtime Robotics developed a processor that can quickly create collision-free motion plans for industrial robots and autonomous vehicles.

The Robot Report tracked 36 robotics investments worth at least $581 million in May 2021. There also were three mergers and acquisitions.

Rock picking company Terraclear picks up $25M in series A funding, bringing their total funding to date to $38M.

Funding will be used to mainly to research robotics, expand the product line, explore new usage scenarios and expand their domestic and international market channels.

Bright Machines intends to go public this year though a merger with SCVX, a a special purpose acquisition company.

American Robotics’ commercial drone system will be integrated into Ondas’ FullMAX platform, a standards-based networking solution designed to enable enhanced data communications for field operations.

Softbank invests $15M in Chinese AMR company Youibot, helping the young company to continue to expand its worldwide reach.

Calif.-based Plus is hopping on the SPAC train. The startup, which is developing self-driving truck technology, is being acquired by Hennessy Capital Investment Corp. V, a publicly-traded special purpose acquisition company (SPAC). If the deal is approved, the combined company will be valued at $3.3 billion and trade on the New York Stock Exchange under…

ViaBot officially launches the company and its autonomous sweeper after securing $6.1M in funding.

Einride, a developer of electric, autonomous trucks, raised $110 million in Series B funding today. New investors Temasek, Soros Fund Management, Northzone, Maersk Growth and Build Capital led the round. Existing investors EQT Ventures, Plum Alley Investments, Norrsken VC, Ericsson and NordicNinja VC also participated. It should be noted that Moller-Maersk is the world’s largest…

The Robot Report tracked 38 robotics investments worth more than $4.8 billion in April 2021. This is quite the rebound from the same time last year when, amidst the uncertainty caused by the COVID-19 pandemic, robotics companies raised about $600 million. This marks a 700-plus percent increase in robotics investments year-over-year. There also were eight…

Microsure closes $3.26M of its Series B funding round and begins clinical evaluations of its MUSA micro-surgical robot.

Path Robotics today raised $56 million in Series B funding for its autonomous welding system. Founded in 2014, the Columbus, Ohio-based company has now raised $71 million in funding. This latest round was led by Addition and saw participation from returning investors Drive Capital, Basis Set, and Lemnos Lab. The company’s robotic welding systems use…

EasyMile, a French developer of autonomous vehicles, raised $66 million (€55 million) in Series B funding. The funds will help it scale deployments of autonomous vehicles in closed-campus environments. The oversubscribed round will also allow EasyMile to invest in its long-term strategy of deploying autonomous shuttles on public transportation networks. The Series B round was…

Plus One Robotics, a developer of vision software for logistics robots, raised $33 million in Series B funding. McRock Capital and TransLink Ventures co-led the round, with participation from BMW i Ventures, Kensington Capital Partners, Perot Jain, and Ironspring Ventures alongside existing investors. Whitney Rockley of McRock Capital and Toshi Otani of TransLink will join…

The consolidation of the capital-intensive autonomous vehicle industry continued today. While Lyft is the latest company to abandon the development of autonomous vehicles, it won’t be the last. Lyft sold its self-driving unit, Level 5, to Toyota subsidiary Woven Planet Holdings for $550 million in cash. Lyft will receive $200 million upfront and $350 million…

Brooks Automation has entered a definitive agreement to acquire Precise Automation, a Fremont, Calif.-based developer of collaborative robots and automation subsytems, for about $70 million in cash. The acquisition is expected to close by the end of April 2021 upon satisfaction of customary closing conditions. Chelmsford, Mass.-based Brooks Automation said it expects the deal to…

Robin Autopilot USA, a developer of robotic mowing technology, acquired Mowbot, a robotic lawn care franchise with 16 locations throughout the U.S. As part of the acquisition, Robin Autopilot will launch an expanded partnership with Husqvarna Group, which is a major investor in Mowbot and an equity partner of Robin. Mowbot will become known as…

Vicarious Surgical will go public through a $1.1 billion special purpose acquisition company (SPAC) deal, the robotic surgery pioneer announced. Vicarious, which has sought to bring robotics and virtual reality to minimally invasive surgery, will trade on the New York Stock Exchange under the symbol RBOT after the merger with D8 Holdings. Hong Kong–based D8…

Multiply Labs, a San Francisco-based company developing automated manufacturing systems to produce individualized drugs at scale, raised $20 million in a Series A funding. The round was led by Casdin Capital. The oversubscribed round brings Multiply Labs’ total funding raised to date to more than $25 million. It leverages automation to address the fundamental limitations…

San Francisco-based robotics startup Canvas has raised $24 million in Series B funding. The round was led by Menlo Ventures and included leading construction firm Suffolk Construction. Alumni Ventures Group, as well as existing investors Innovation Endeavors, Brick & Mortar Ventures, Obvious Ventures, and Grit Labs, also participated in the round. Canvas said it will…