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

March fundings, acquisitions, IPOs and failures

By Frank Tobe | April 1, 2016

Funding to robotics startup companies rose dramatically in 2015 reaching record highs in deals and dollars. CB Insights graphed similar findings as seen in their quarterly financing chart. Here's what happened in March, 2016.

Listed below are the results for March including two billion-dollar acquisitions.

UPDATED 5/2/2016: Adds Delair-Tech funding

March Fundings:

  • 6 River Systems raised $6 million in seed funding from VC firms Eclipse and iRobot Ventures. Founded in 2015 by former Kiva Systems and Mimio executives and based in Boston, 6 River is developing next-gen mobile robot fulfillment solutions for distribution centers.
  • SkySquirrel Technologies got $1 million in seed funding. The Halifax Nova Scotia startup is focusing on agricultural crop analytics.
  • nuTonomy, a spin out from MIT with offices in Singapore and Cambridge, received $3.6 million in seed funding in January for the development of autonomous vehicle technology to be initially tested in urban driving situations such as encountered by taxis.
  • Restoration Robotics, the robotic hair transplant company, got $4.82 million equity funding in January says Octa Finance, a Belize-based news company after researching Restoration's SEC filed Form D. CB Insights reported $7 million. So maybe there were other investors that will show up on later Form Ds.
  • Airware, the San Francisco UAS autopilot maker, got $30 million in a round that included former Cisco CEO John Chambers as an investor. Chambers will join the Airware board of directors.
  • Aarav Unmanned Systems, a spinoff from the Indian Institute of Technology Kanpur, received an unknown amount to enable the company to focus on GIS survey, precision agricultural and industrial inspections using UAS.
  • Aurora Flight Sciences, a Virginia-based developer of UAS tech for defense as well as commercial customers, has raised an undisclosed amount from Enlightenment Capital, a Chevy Chase, MD investor in aerospace companies. Earlier this month Aurora was awarded an $89 million contract for a vertical takeoff and landing X-plane for the DoD.
  • Delair-Tech, a French UAS startup, got $14.5 million from Andromède, a French VC.

March Acquisitions:

  • ThermoFisher Scientific is acquiring Affymetrix for $1.3 billion. Adding Affymetrix's products will help ThermoFisher expand its array of lab equipment and robots into biosciences and genetic analysis workflows.
  • General Motors acquired Cruise Automation, a startup that develops autopilot systems for existing cars, for an undisclosed sum but, according to Fortune magazine, a figure “north of $1 billion.”
  • Pasco Scientific, a provider of educational robots, acquired Ergopedia, the maker of the ErgoBot educational bot, for an undisclosed amount.
  • PCS Edventures, a provider of STEM, robotic and UAS educational tools and programs, acquired the assets, IP and inventory of Thrust UAV, an Idaho startup, for $109,000. Shortly thereafter Thrust, a service provider with a racing drone, announced an $825,000 contract to provide their drones to a reseller.

IPOs and Failures:

  • None

About The Author

Frank Tobe

Frank Tobe is the founder of The Robot Report and co-founder of ROBO Global which has developed a tracking index for the robotics industry, the ROBO Global™ Robotics & Automation Index. The index of ~90 companies in 13 sub-sectors tracks and captures the entire economic value of this global opportunity in robotics, automation and enabling technologies.

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 >

Foxconn’s collaborative nursing robot is one example of its smart hospital applications developed using NVIDIA technologies.
NVIDIA releases cloud-to-robot computing platforms for physical AI, humanoid development
A man walking down a crosswalk wearing the Ekso personal exoskeleton with a woman walking beside him. The man is also using crutches to stay steady.
NVIDIA accepts Ekso Bionics into its Connect program
RealMan Robotics offers a variety of mobile manipulators.
RealMan displays embodied robotics at Automate 2025
Concept renders showing the different jobs Persona AI's humanoids could be deployed for.
Persona AI raises $27M to develop humanoid robots for shipyards

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

  • 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
  • Modular motors and gearboxes make product development simple
The Robot Report
  • Mobile Robot Guide
  • Collaborative Robotics Trends
  • Field Robotics Forum
  • Healthcare Robotics Engineering Forum
  • 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