The Robot Report

  • Home
  • News
  • Technologies
    • Batteries / Power Supplies
    • Cameras / Imaging / Vision
    • Controllers
    • End Effectors
    • Microprocessors / SoCs
    • Motion Control
    • Sensors
    • Soft Robotics
    • Software / Simulation
  • Development
    • Artificial Intelligence
    • Human Robot Interaction / Haptics
    • Mobility / Navigation
    • Research
  • Robots
    • AGVs
    • AMRs
    • Consumer
    • Collaborative Robots
    • Drones
    • Humanoids
    • Industrial
    • Self-Driving Vehicles
    • Unmanned Maritime Systems
  • Business
    • Financial
      • Investments
      • Mergers & Acquisitions
      • Earnings
    • Markets
      • Agriculture
      • Healthcare
      • Logistics
      • Manufacturing
      • Mining
      • Security
    • RBR50
      • RBR50 Winners 2025
      • RBR50 Winners 2024
      • RBR50 Winners 2023
      • RBR50 Winners 2022
      • RBR50 Winners 2021
  • Resources
    • Automated Warehouse Research Reports
    • Digital Issues
    • eBooks
    • Publications
      • Automated Warehouse
      • Collaborative Robotics Trends
    • Search Robotics Database
    • Videos
    • Webinars / Digital Events
  • Events
    • RoboBusiness
    • Robotics Summit & Expo
    • DeviceTalks
    • R&D 100
    • Robotics Weeks
  • Podcast
    • Episodes
  • Advertise
  • Subscribe

Here’s how much robotics companies raised in May 2023

By Dan Kara | July 5, 2023

May 2023 robotics funding equaled $686 million, the result of 61 investments. With the May investments, the 2023 robotics funding comes to approximately $4 billion.

Funding topped $1.63 billion in April, $526 million in March, $620 million in February and $521 million in January.


Table 1: May 2023 Robotics Funding and Investment

CompanyAmountRoundCountryTechnologyDescription
Abbott Robotics (Expert Robotics)EstimateOtherChinaAutomated Guide VehiclesAbbot Robotics develops autonomus guided vehicles to clients in the photovoltaic, lithium battery and semiconductor industries.
ADASKY$30,000,000Series BIsraelSensors / Sensing Systems, Video / Vision / Imaging, SoftwareADASKY builds far-infrared sensor and intelligent thermal sensing technologies for autonomous electric vehicles.
AirMatrixEstimateOtherCanadaSoftwareAirMatrix develops drone logistics software for the autonomous operation of commercial drones.
AMP Robotics$8,000,000Series CUSAArticulated Robots, Sensors / Sensing SystemsAMP Robotics offers robotics solutions for sorting and other applications for the recycling industry sector.
ANYbotics$55,780,288Series BSwitzerlandQuadrupedsANYbotics specializes in the development of advanced legged robots for industrial inspection.
Ascento$215,389OtherSwitzerlandOutdoor Mobile Platforms, Sensors / Sensing SystemsAscento offers autonomous outdoor security patrol robots as a service.
AutoCoreEstimateSeries AChinaSoftwareAutoCore is a provider of intelligent middleware for automotive appliations, including autonomous vehicles.
Blue Ocean RobotEstimateSeries BChinaIndoor Mobile Platforms, SoftwareBlue Ocean Robot is a provider of mobile robots and management systems for logistics operations.
Bosin TechnologyEstimateSeries AChinaGantry RobotsBosin Technology is a producer of heavy-duty gantry robotic systems.
CandelaEstimateOtherChinaIndoor Mobile PlatformsCandela is a robotic hardware and software design company.
Changyao InnovationEstimateOtherChinaHome Care / Lawn Care / Pool CareChangyao Innovation manufacturers robotic lawn mowers.
Contoro Robotics$6,000,000OtherUSAMobile/Fixed Telepresence, Human Robot Interaction \ HapticsContoro Robotics develops robotics teleoperation systems.
Didi WoyaEstimateOtherChinaAutonomous Transportation Systems, Sensors / Sensing Systems, SoftwareDidi Woya develops technologies for self-driving vehicles.
Drobot$25,000OtherUSAIndoor Mobile PlatformsDrobot is developing affordable autonomous mobile robots.
ecoRobotix$51,673,897Series BSwitzerlandSensors / Sensing SystemsecoRobotix provides AI powered plant-by-plant recognition and ultra-high precision crop treatment.
EnerComp Solutions$316,684SeedIndiaDrones, Operator Services - UAVs, Data Acquisition / Processing / ManagementEnerComp Solutions is a drone manufacturing, services, and AI tech startup.
Foretellix$43,000,000Series CIsraelSensors / Sensing Systems, SoftwareForetellix develops intelligent automation and analytic tools to orchestrate and monitor driving scenarios including edge cases for deployment of ADAS & autonomous vehicles.
Freespace Robotics$250,000Pre-SeedUSAAutomated Storage & Retrieval SystemsFreespace Robotics is a warehouse automation company that provides automated storage and retrieval systems.
Gaussian RoboticsEstimateOtherSingaporeIndoor Mobile PlatformsGaussian Robotics produces autonomous floor cleaning robotics.
GITAI$28,715,666Series BJapanSensors / Sensing Systems, Software, ControllersGITAI develops remote controlled robots to replace astronaut's operations in commercial space stations.
Hanyang Technology$20,000,000Series AChinaOutdoor Mobile PlatformsHanyang Technology produces autonomous mobile robots for consumer and commercial applications.
HKT RobotEstimateOtherChinaSCARA Robots, Actuators / Motors / ServosHKT Robot offers industrial robotis, servo drives, motors and more.
Hong Jing DriveEstimateSeries BChinaSensors / Sensing Systems, Software, Microcontrollers / Microprocessors / SoCHong Jing Drive provides a computing platform for autonomous vehicles.
Human in Motion Robotics$10,000,000Series ACanadaExoskeletons, Rehabilitation / Therapeutic SystemsHuman in Motion Robotics develops a wearable lower-limb exoskeleton system.
Hydromea$2,182,429OtherSwitzerlandUnmanned Underwater Vehicles, Operator Services - UUVsHydromea provides submerged asset inspections services using remote controlled underwater drone platforms.
i-KINGTECEstimateSeries CChinaDronesi-KINGTEC is a developer of intelligent industrial drones and UAV systems.
ideaForgeEstimateOtherIndiaDronesIdeaForge is a drone manucaturing company for mapping, security, and surveillance applications.
Intramotev$200,000OtherUSAOutdoor Mobile Platforms, Sensors / Sensing Systems, SoftwareIntramotev manufactures autonomous battery-electric railcars.
KEMARO AGEstimateOtherSwitzerlandIndoor Mobile PlatformsKEMARO AG produces autonomous mobile robots for industrial cleaning.
Kiwibot$6,083,498OtherUSAOutdoor Mobile PlatformsKiwibot designs and manufactures a fleet of mobile robots used for food delivery on college campuses.
Kossi$14,470,523Series BChinaControllers, Actuators / Motors / Servos, Articulated RobotsKesi specializes in motion controllers and servo drives for robotics systems.
LoopXEstimateOtherCanadaSensors / Sensing Systems, Controllers, SoftwareLoopX offers system solutions for autonomous vehicles, mining equipment manufacturers, and mining technology companies.
MeBotXEstimateSeries AChinaExoskeletonsMeBotX produces robotic exxoskeletons.
Miso RoboticsEstimateOtherUSAArticulated Robots, Other IndustrialMiso Robotics provides robotics and intelligent automation solutions to the commercial foodservice industry.
Mocang Robot$2,854,044SeedChinaIndoor Mobile PlatformsMocang Robotics produces intelligent storage robots for warehouse operations.
Moon Surgical$55,400,000Series BFranceSurgical SystemsMoon Surgical develops surgical robotics systems robotic featuring collaborative and adaptive robotics.
Pashoot Robotics$1,500,000Pre-SeedIsraelCollaborative RobotsPashoot Robotics is developing robots for manufacturing that understand and adapt to their environment, using computer vision and AI.
PuduTechEstimateSeries CChinaPuduTech produces autonomous delivery, cleaning and disinfection robots for the home care, food service, and catering industries.
Quantum Systems$20,000,000OtherGermanyDronesQuantum-Systems develops advanced multi-sensor, unmanned aerial vehicles that collect aerial intelligence.
RealmanEstimateSeries AChinaCollaborative RobotsRealman focuses on the research, development, manufacture, and marketing of ultra-lightweight humanoid robotic arms.
Saha Robotics$3,000,000SeedTurkeyIndoor Mobile PlatformsSaha Robotics provides autonomous, cloud connected, mobile robots for delivery applications.
Seaweed Generation$365,467OtherUKUnmanned Underwater VehiclesSeaweed Generation is a developer of robotic technologies for seaweed cultivation systems..
Senior AutomationEstimateOtherChinaAutonomous Transportation SystemsSenior Automation focuses on the research and commercialization of driverless truck technology for logistics applications.
Slip Robotics$10,646,078OtherUSAIndoor Mobile PlatformsSlip Robotics produces autonomous mobile robots used for unloading trucks.
sliQue RoboticsEstimateSeedUSAIndoor Mobile PlatformssliQue Robotics produces mobile autonomous robots for delivery and cleaning applications.
Sniffer RoboticsEstimateSeedUSAOperator Services - UAVs, Data Acquisition / Processing / ManagementSniffer Robotics provides drone based services for detecting land-based methane leaks and quantifying emissions.
SphairaEstimateOtherGermanyIndoor Mobile PlatformsSphaira Medical produces autonomous patient mobility platforms.
StreetDrone$212,629OtherUKSoftwareStreetDrone is a full-stack software company with particular expertise in driverless solutions for low-speed and specialist operating domains.
Tefa RoboticsEstimateSeedSouth KoreaSoftwareTefa Robotics creates low-code solutions for industrial robot control.
Urban RayEstimatePre-SeedGermanyDrones, Batteries / Power SuppliesUrban Ray offers last-mile parcel deliveries by drones with automated landing and storage stations on the ground.
Vantage Robotics$20,000,000OtherUSADronesVantage Robotics produces unmanned aerial vehicles for defense and industrial applications.
Vantage RoboticsEstimateOtherUSADronesVantage provides robust unmanned aerial vehicles for use in applications critical to national security and secure infrastructure management.
Vemcon$6,435,351OtherGermanySensors / Sensing Systems, Software, ControllersVemcon produces machine control solutions - joysticks, cover driver assistant systems, and virtual operator technologies - that enable autonomously operating machines.
Voyager Technology$14,391,181Series BChinaSensors / Sensing Systems, Video / Vision / Imaging, SoftwareVoyager Technology is a provider of advanced driving assistant systems and autonomous driving systems solutions.
WARGdronesEstimateSeedGermanyDronesWARGdrones creates automated drone solutions for Explosive Ordnance Disposal and Counter-Improvised Explosive Device (C-IED) operations.
Wingcopter$43,648,585OtherGermanyDronesWingcopter is a manufacturer of unmanned, eVTOL, fixed-wing aircrafts for commercial and humanitarian applications.
Xianwei MedicalEstimateOtherChinaSurgical SystemsXianwei Medical is a manufacturer of ophthalmic surgical robots.
Xin Yihua (Sineva Robot)EstimateSeedChinaIndoor Mobile PlatformsXin Yihua (Sineva Robot) offers autonomus, mobile robots for a variety of commercial and industrial tasks.
Yunxiang CommercialEstimateSeedChinaIndoor Mobile PlatformsYunxiang Commercial is a developer of commercial cleaning robots for indoor spaces.
Zhihui RobotEstimateSeedChinaArticulated Robots, SoftwareZhihui Robot offer robotics systems for spray painting applications.
Zhiyuan RoboticsEstimateSeedChinaHumanoids / BipedsZhiyuan Robotics develops and produces general-purpose, intelligent, humanoid robots and other products.

Companies based in China received the most number of rounds (23) and the greatest investment amount ($257M). Swiss firms also received substantial funding ($111M), followed by Israel ($75M), Germany ($72M), and the USA ($70M).

Makers of autonomous mobile robots (AMRs) continue to attract new investment. May 2023 robotics investments were notable for the large number of rounds into producers of AMRs, with funding amounts ranging widely. Slip Robotics, Blue Ocean Robot System, PuduTech, Saha Robotics, Xin Yihua (Sineva Robot) and Candela serve as examples.

Providers of drones, drone-enabled services and enabling technologies continued to attract the attention of the investment community. For example, Vantage Robotics, i-KINGTEC and Quantum Systems each received $20 million in funding, with many other companies attracting lesser amounts.


May 2023 Robotics Investments

Figure 1: May 2023 Robotics Investment by Country


Series B rounds accounted for many sizable investments (Figure 2, below). Moon Surgical ($55M), ecoRobotix ($52M), ADASKY ($30M), GITAI ($28M), Blue Ocean Robotics ($25M), AutoCore ($25M), Hanyang Technology ($20M), Kossi ($14M), Voyager Technology ($14M) and Human in Motion Robotics ($10M), serve as examples.


May 2023 Robotics Investments

Figure 2: May 2023 Robotics Funding Amounts by Investment Type


May 2023 Robotics Investments

Figure 3: May 2023 Robotics Funding Amounts by Investment Number and Amounts


Editor’s note: What defines robotics investments? The answer to this simple question is central in any attempt to quantify them with some degree of rigor. To make investment analyses consistent, repeatable, and valuable, it is critical to wring out as much subjectivity as possible during the evaluation process. This begins with a definition of terms and a description of assumptions.

Investors and investing
Investment should come from venture capital firms, corporate investment groups, angel investors, and other sources. Friends-and-family investments, government/non-governmental agency grants, and crowd-sourced funding are excluded.

Robotics and intelligent systems companies
Robotics companies must generate or expect to generate revenue from the production of robotics products (that sense, analyze, and act in the physical world), hardware or software subsystems and enabling technologies for robots, or services supporting robotics devices. For this analysis, autonomous vehicles (including technologies that support autonomous driving) and drones are considered robots, while 3D printers, CNC systems, and various types of “hard” automation are not.

Companies that are “robotic” in name only, or use the term “robot” to describe products and services that do not enable or support devices acting in the physical world, are excluded. For example, this includes “software robots” and robotic process automation. Many firms have multiple locations in different countries. Company locations given in the analysis are based on the publicly listed headquarters in legal documents, press releases, etc.

Verification
Funding information is collected from several public and private sources. These include press releases from corporations and investment groups, corporate briefings, market research firms, and association and industry publications. In addition, information comes from sessions at conferences and seminars, as well as during private interviews with industry representatives, investors, and others. Unverifiable investments are excluded and estimates are made where investment amounts are not provided or are unclear.

About The Author

Dan Kara

Dan Kara is Vice President, Research & Analyst Services at WTWH Media. He can be reached at dkara@wtwhmedia.com.

Comments

  1. Tony Palcheck says

    July 6, 2023 at 8:32 am

    Great article Dan. I hope the US isn’t falling behind as I see all the money invested in foreign robotics companies.

    Reply

Tell Us What You Think! Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles Read More >

The global industrial robot market has declined since the COVID-19 pandemic, according to this Interact Analysis graph.
Global industrial robot market contracted 5.8% last year, reports Interact Analysis
Three surgical robot arms in an operating room.
BlackBerry QNX is optimistic on robotic surgery but says autonomy isn’t here yet
Mobile robots lifting racks in a warehouse.
Interact Analysis slashes its mobile robot outlook amid tariff uncertainty
The 2025 RBR50 Robotics Innovation Awards, logo shown here, recognize several categories.
Top 50 robotics innovations special report

RBR50 Innovation Awards

“rr
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest info on technologies, tools and strategies for Robotics Professionals.
The Robot Report Listing Database

Latest Episode of The Robot Report Podcast

Automated Warehouse Research Reports

Sponsored Content

  • How to Set Up a Planetary Gear Motion with SOLIDWORKS
  • Sager Electronics and its partners, logos shown here, will exhibit at the 2025 Robotics Summit & Expo. Sager Electronics to exhibit at the Robotics Summit & Expo
  • The Shift in Robotics: How Visual Perception is Separating Winners from the Pack
  • An AutoStore automated storage and retrieval grid. Webinar to provide automated storage and retrieval adoption advice
  • Smaller, tougher devices for evolving demands
The Robot Report
  • Automated Warehouse
  • RoboBusiness Event
  • Robotics Summit & Expo
  • About The Robot Report
  • Subscribe
  • Contact Us

Copyright © 2025 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search The Robot Report

  • Home
  • News
  • Technologies
    • Batteries / Power Supplies
    • Cameras / Imaging / Vision
    • Controllers
    • End Effectors
    • Microprocessors / SoCs
    • Motion Control
    • Sensors
    • Soft Robotics
    • Software / Simulation
  • Development
    • Artificial Intelligence
    • Human Robot Interaction / Haptics
    • Mobility / Navigation
    • Research
  • Robots
    • AGVs
    • AMRs
    • Consumer
    • Collaborative Robots
    • Drones
    • Humanoids
    • Industrial
    • Self-Driving Vehicles
    • Unmanned Maritime Systems
  • Business
    • Financial
      • Investments
      • Mergers & Acquisitions
      • Earnings
    • Markets
      • Agriculture
      • Healthcare
      • Logistics
      • Manufacturing
      • Mining
      • Security
    • RBR50
      • RBR50 Winners 2025
      • RBR50 Winners 2024
      • RBR50 Winners 2023
      • RBR50 Winners 2022
      • RBR50 Winners 2021
  • Resources
    • Automated Warehouse Research Reports
    • Digital Issues
    • eBooks
    • Publications
      • Automated Warehouse
      • Collaborative Robotics Trends
    • Search Robotics Database
    • Videos
    • Webinars / Digital Events
  • Events
    • RoboBusiness
    • Robotics Summit & Expo
    • DeviceTalks
    • R&D 100
    • Robotics Weeks
  • Podcast
    • Episodes
  • Advertise
  • Subscribe