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

Robotics companies raise $851M in August 2023

By Dan Kara | October 6, 2023

Robotics funding reached $851 million in August 2023, the result of 62 investments (See Table 1 below or download Table 1 HERE). The total amount of funding for 2023 to date is about $8.85 billion.

Company NameAmountRoundCountryTechnology
ADUSEstimatedSeedSouth KoreaADUS offers autonomous driving technologies and services.
Aerit$1,336,705Pre-SeedSwedenAerit provides drone delivery services.
Airobotics$553,873GrantIsraelAirobotics provides an end-to-end, fully automatic solution for collecting aerial data and gaining invaluable insights.
Altos Radar$3,500,000SeedUSAAltos Radar offers 4D Imaging Radar technology for autonomous driving.
Artly CoffeeEstimatedOtherUSAArtly Coffee offers a robot barista that learns various coffee-making techniques from human baristas
AsensingEstimatedSeries DChinaAsensing develops high-precision positioning technology for autonomous vehicles.
AutoCoreEstimatedOtherChinaAutoCore is a provider of software and electronics for intelligent mobility.
Avion$4,729,998OtherUSAAvion is an autonomous aerial network that delivers medicals and vaccine supplies via drones.
Büyütech$3,630,000OtherTurkeyBüyütech develops and manufactures passive-only perception solutions to make the roads safer.
Copperstone Technologies$1,912,485GrantCanadaCopperstone Technologies provides robotic services for survey and investigation of challenging and remote locations.
Drone City$50,000GrantUSADrone City provides last-mile drone delivery services.
Endorobotics$8,300,000Series BSouth KoreaEndorobotics offers micro-robotic technology and precision control technology for endoscopic surgery.
Farada Group$248,605Pre-SeedPolandFarada Group is an Unmanned Aerial Vehicles manufacturing company.
Fieldwork Robotics$1,900,538OtherUnited KingdomFieldwork Robotics is developing autonomous harvesting robots.
FireFly Automatix$633,516OtherUSAFireFly Automatix manufactures automated, self-propelled, and autonomous equipment for the turfgrass sector.
FUE BioscienceEstimatedSeries AChinaFUE Bioscience is a medical robot R&D business that specializes in microsurgery above the head and neck.
GITAI$15,000,000Series BJapanGITAI develops remote controlled robots to replace astronaut's operations in commercial space stations.
Helm.ai$55,000,000Series CUSAHelm.ai develops AI software for driver assistance systems, autonomous driving, and robotics.
Hunan Tree Industrial Manufacturing$13,905,884Series AChinaHunan Tree Industrial Manufacturing specializes in robotics and automation equipment for casting, sanding, and polishing.
Imagine AerialEstimatedGrantUSAImagine Aerial uses advanced drone technology to acquire detailed datasets that it distributes to its clients.
Imagry$15,000,000OtherUSAImagry is an Autonomous Driving (AD) software provider that offers a mapless driving system.
Innoviz Technologies$65,000,000OtherIsraelInnoviz develops LiDAR sensors and perception software for autonomous vehicles.
Integrated Aerial PrecisionEstimatedOtherNigeriaIntegrated Aerial Precision provides drone services and data analytics for precision agriculture.
Intuition Robotics$25,000,000OtherIsraelIntuition Robotics provides care companion technologies for older adults.
Jacobi RobotEstimatedSeedChinaJacobi Robot develops general AI and cross-embodiment control systems for robots.
Jiaan Smart$13,901,438Series AChinaJiaan Smart provides integrated force control technology solutions for robotics systems.
Kernel Foods$36,000,000Series AUSAKernel Foods is a fast food startup that utilizes robotics technologies to automate food production.
Lukai ZhixingEstimatedSeries AChinaLukai Zhixing is a special unmanned vehicle overall solution provider focused on mining operations.
MaxByte Technologies$5,000,000Series AIndiaMaxbyte Technologies is an Industrial IoT company empowering customers through implementing factory of the future.
Mendaera$24,000,000Series AUSAMendaera is developing robotics solutions that address inefficiencies in healthcare.
Mooe Robot$13,702,196Series BChinaMooe Robot develops autonomous mobile robots and lift trucks for industrial applications.
Novabot$10,000,000SeedUSANovabot offers mobile robots for lawn mowing.
Novarc Technologies$20,000,000Series ACanadaNovarc specializes in the design and commercialization of collaborative robots for industrial applications.
Nuwa Robotics$6,257,156Series BTaiwanNuwa Robotics offers a personal robot, along with an autonomous mobile robot.
Olis Robotics$4,100,000OtherUSAOlis Robotics' solution operates robotic systems and remotely monitors, diagnose, and controls industrial robots.
Orangewood Labs$4,500,000OtherUSAOrangewood Labs is focused on automating mundane human jobs through Easy-to-use, collaborative and tele-operable robotic arms for Industries
PaXini Tech$3,000,000SeedChinaPaXini Tech provides tactile technology and adaptive robots.
POMO RoboticsEstimatedOtherUnited KingdomRobotic system integrator and autonomous vehicle startup.
Pony.ai$139,000,000OtherUSAPony.ai develops autonomous vehicle technology.
PROCEPT BioRobotics$150,000,000OtherUSAPROCEPT BioRobotics is a surgical robotics company that develops water-based robotic systems for prostate surgery.
RefiberdEstimatedSeedUSARefiberd develops a robotics-based textile recycling system that sorts and recycles unsorted, discarded textiles into new ones.
Remora Robotics$2,828,492SeedNorwayRemora Robotics provides autonomous submarine robots that clean and inspect fish farming pens while collecting data about the pen’s aquatic environment.
Ronovo Surgical$27,427,167Series BChinaRonovo Surgical provides robotic and digital solutions for minimally invasive (MIS) and digital surgery.
Saeki Robotics$2,300,000SeedSwitzerlandSaeki Robotics is a manufacturing company that offers robotic digital manufacturing units and hardware and software automation tools as a service.
Serve Robotics$30,000,000OtherUSAServe Robotics develops self-driving robots that deliver food and supplies.
Skyline Robotics$3,350,000SeedIsraelSkyline Robotics specializes in automating real estate maintenance work at heights.
Smooth Ag Solutions$38,500GrantUSASmooth Ag Solutions produces an autonomous feed rover and other technologies for ranch operations.
Soft Robot Tech$20,852,158Series CChinaSoft Robot Tech is an Industrial automation supplier offering flexible gripping solutions and other technologies.
Southeast FeishiEstimatedSeedChinaSoutheast Feishi offers drone inspection services.
Speedbird Aero$2,051,955OtherBrazilSpeedbird Aero develops and operates unmanned aerial systems to deliver products.
Spike Dynamics$280,000SeedUSASpike Dynamics provides actuators and artificial muscles for aerospace and robotics applications.
SweepeeEstimatedOtherPolandSweepee is a manufacturer of self-driving sweeping robots.
Tongchuan PrecisionEstimatedSeries AChinaTongchuan Precision offers motion control solutions for industrial robots.
True Digital Surgery$2,501,865Series BUSATrue Digital Surgery builds a 3D digital surgery visualization platform that provides visualization for a wide range of surgical procedures.
ULS RoboticsEstimatedSeries AChinaULS Robotics provides a variety of industrial exoskeletons.
United RobotsEstimatedSeedUnited KingdomUnited Robots offers a variety of mobile robotics for cleaning and portage operations.
Vicarious Surgical$45,000,000OtherUSAVicarious Surgical is a robotics company that develops robotic systems that allow surgeons to perform minimally invasive surgery.
Virtuoso Surgical$179,820SeedUSAVirtuoso Surgical specializes in developing endoscopic robotic tools for minimally invasive surgery.
Weilan Intelligent$13,713,583Series AChinaWeilan Intelligent specializes in building all-purpose, legged robots for homes and businesses.
Wilder Systems$8,559,086OtherUSAWilder Systems provides robotics and automation solutions for aircraft manufacturers.
Zero Zero Robotics$1,700,000OtherChinaZero Zero Robotics produces a small, autonomous drone called the Hover Camera.
Zhiyuan RoboticsEstimatedSeries AChinaZhiyuan Robotics develops general-purpose humanoid robots.

Companies located in the U.S., China and Israel received the most rounds and the most funding amounts, dwarfing other countries (Figure 1, below). Companies based in the USA received the majority of the rounds (23), which resulted in a total funding inflow of $537 million. Firms based in China attracted $141 million in funding (coming from 17 investments), while four investments in Israeli companies accounted for $94M in investment.

Companies offering robotic surgical systems and enabling technologies were particularly strong in August. Examples include PROCEPT BioRobotics ($150M), Vicarious Surgical ($45M), Ronovo Surgical ($27M), and Endorobotics ($8M).

Providers of self-driving software and hardware solutions for autonomous transportation, led by Pony.ai ($139M), also received substantial funding. Other companies include Innoviz Technologies ($65M), Helm.ai ($55M) and Imagry ($15M).


Figure 1: August 2023 Robotics Investment by Country


All funding types were well represented in the August 2023 investment review (Figure 2). Approximately one-quarter of the August 2023 investments were Pre-Seed and Seed rounds.

More than one-half of the August 2023 investment amounts fell under the aegis of ‘Other,’ a catchall descriptor for investments that do not include the typical stages of funding that businesses go through before their initial public offering (ex. Seed rounds followed by Series A, B, C, D and E funding). Investments in the ‘Other’ category accounted for over $500M in funding (Figure 3, below).


Robotics Investments August 2023

Figure 2: August 2023 Robotics Funding Amounts by Investment Type


Robotics Investments August 2023

Figure 3: August 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 a number of 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. Adam Erickson says

    October 13, 2023 at 7:54 pm

    What are the investments in the ‘Other’ category? This is not explained even though it makes up over half of the investments. I assume this is institutional investors.

    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 >

Agility's Digit humanoid working in a GXO facility.
Despite the hype, Interact Analysis expects humanoid adoption to remain slow
A graph showing North American robot orders from 2022 to Q1 of 2025.
A3: North American robot orders remain steady to start 2025
rbr50 logo and the podcast logo.
RBR50 recap: Spotlight on robotics innovation
Nicholaus Radford, founder of humanoid startup Persona AI, keynoted his experiences launching Robonaut II to the ISIS as shown above. Photo Credit: Joe Bibby/NASA
U.S. government policy shifts offer opportunities for robotics, note panelists

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