Widespread public concerns about COVID-19, commonly referred to as the coronavirus, have led to a host of robots and drones for disinfection, delivery, and crowd control.
CloudMinds, which is developing cloud-based service robotics and AI, is displaying its XR-1 at Mobile World Congress LA this week.
In July 2019, investments in robotics, autonomous vehicles, and drones increased, despite a decline in the number of transactions.
CloudMinds, which has developed a cloud-based infrastructure for making service robots smarter, filed for a $500 million IPO.
Investments in robots, autonomous vehicles, and related systems totaled at least $1.3 billion in March 2019, down from $4.3 billion in February. On the other hand, automation companies reported $7.8 billion in mergers and acquisitions last month. While that may represent a slowdown, note that many businesses did not specify the amounts involved in their…