I am often asked this question because I used to research and write 30+ articles about publicly-traded robotics companies each year. In addition to interesting stock activity, I also tabulated and charted the movement of those companies and reported and analyzed the results.
Argo AI, a Pittsburgh startup, has sold a majority share of their company to Ford Motor Co. which has agreed to invest $1 billion over a five year schedule but will immediately become the majority shareholder. Both companies declined to disclose further details.
The International Federation of Robotics forecast that unit shipments for the global market for vacuum cleaning robots, lawn-mowing robots and other household cleaning robots will grow at a CAGR of 33% through 2019. Other research reports say revenue for the market will reach $2.5 billion by 2020 at a CAGR of 15%.
Hans Rosling, a Swedish medical doctor who worked in public health in Africa for many years and then for the U.N. developing and presenting world health statistics, died at 68 from cancer.
Three hundred drones flashed their colored lights and created a flying American flag as Lady Gaga sang a blend of "God Bless America” and "This Land Is Your Land" to 160 million viewers of the Super Bowl. Oh... and two football teams played into overtime and the final score was 34 to 28.
January fundings for robotics-related startups totaled over $123 million - a reasonable start for the new year. For acquisitions, three of the six companies acquired reported that $390.5 million traded hands. All in all another strong month for robotics.
Business maturity is what startups often need when they ask for an 'adult' to come and manage their company. That was certainly the case with Danish startup Universal Robots as they sought funds and a new CEO in 2008.
By investing $6 million in robots, Bicycle Corporation of America (BCA) was able to take back 10% of their manufacturing from China and place it into a new factory in Manning, South Carolina employing 140 new workers.
Headquartered in Pittsburgh, PA, the new institute is made up of governments, industry, academia, and non-profit organizations from across the country. Combined they have contributed $173 million that will be fused with $80 million in federal funding.
2017 offers a variety of informative robotic events. Some take extra time to get visas, tickets and coordinate with friends and associates. Here are the main upcoming robotics-related events:
Entertainment, camera, moon-shot and military drones are all becomming more distinct as the drone industry gets commoditized. Prices are dropping even as impressive new features are added. It's a difficult time for drone makers.
Rethink Robotics, the Boston-based maker of the Baxter and Sawyer robots founded by iRobot co-founder Rodney Brooks, raised an additional $18 million in an unfinished $33 million Series E round led by private equity firm Adveq.
After reading all the press releases for this batch of 21 research reports, one can see that although they vary widely in their forecasts they almost all agree that the robotics market is expected to grow at a double digit pace through 2022.
2016 was a banner year for acquisitions of companies involved in robotics and automation: 50 sold; 11 for amounts over $500 million; five were over a billion. 30 of the 50 companies disclosed transaction amounts which totaled up to a colossal $18.867 billion!
It was a busy and abundant year for seed, crowd, series A,B,C,D and VC funding of robotics-related startups. 128 companies got funded, some multiple times. $1.95 billion, 50% more than 2015 which was also a phenomenal year with over $1.32 billion funded.
Ten robotics-related companies got funded in December for a combined total of $94 million; down from $225 million in November. Four more got acquired. Over $2 billion was involved. No companies went public.
At RoboUniverse in San Diego in December, agricultural robots and the labor shortage were quickly identified as the biggest issues facing the industry today. Water scarcity and field health were other key issues mentioned, but it’s labor that keeps farmers up at night and robotics that could come to their rescue.
For all of us who participated in the Jibo IndieGoGo crowdfunding and are anxiously awaiting delivery - which has been delayed again - this Chinese knock-off came as quite a surprise.
Advanced Integration Technology (AIT) will acquire KUKA Systems Aerospace North America (KUKA Aero), in a carve-out transaction to comply with U.S. regulators who objected to KUKA's sale to Chinese consumer products manufacturer Midea.
It's been a big year for acquisitions of companies involved in robotics and automation: 48 have sold thus far in 2016. Eight involved amounts over $500 million and five were over a billion; KUKA's acquisition by Chinese consumer products giant Midea was the biggest at $5.11 billion.