February 2023 Robotics Investments Total US $620 Million

By Dan Kara | March 28, 2023

Robotics funding for the month of February 2023 totaled $620M (See Table 1, under or obtain Table 1 HERE), the results of 36 investments. The February investments deliver the 2023 totals to roughly $1.14B.

Companies providing unmanned aerial automobiles (drones), often coupled with drone enabled knowledge and analytics companies, had been significantly sturdy in February, with corporations receiving sizable mid to late stage funding rounds. These suppliers sometimes deal with surveying and inspection purposes for his or her choices, with development, agriculture, utilities and power sectors because the goal markets. Examples embrace Skydio ($230M, Series E), Fulfil Solutions ($60M, Series B), Garuda Aerospace ($22M, Series A), and i-KINGTEC ($20M, Series C). UK based mostly DRONAMICS landed $40M in Seed spherical funding.

Table 1: February 2023 Robotics Funding and Investment

Companies positioned within the USA obtained essentially the most rounds (14) and essentially the most funding ($436M), dwarfing different international locations (Figure 1). Investment into Chinese corporations got here in at a distant second (7 rounds for a complete of $81M).

Figure 1: February 2023 Robotics Investment by Country

All funding varieties had been effectively represented within the February 2023 funding survey (Figure 2). Series E rounds accounting for the majority of the funding quantities, bouyed by investments into drone knowledge companies suppliers Zeitview (previously DroneBase) and Skydio , at $55M and $230M, respectively (Figure 3).

Figure 2: February 2023 Robotics Funding Amounts by Investment Type

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

Editors’ notice: What defines robotics investments? The reply to this easy query is central in any try and quantify them with some extent of rigor. To make funding analyses constant, repeatable, and helpful, it’s crucial to wring out as a lot subjectivity as potential in the course of the analysis course of. This begins with a definition of phrases and an outline of assumptions.

Investors and investing
Investment ought to come from enterprise capital corporations, company funding teams, angel traders, and different sources. Friends-and-family investments, authorities/non-governmental company grants, and crowd-sourced funding are excluded.

Robotics and clever methods corporations
Robotics corporations should generate or anticipate to generate income from the manufacturing of robotics merchandise (that sense, analyze, and act within the bodily world), {hardware} or software program subsystems and enabling applied sciences for robots, or companies supporting robotics gadgets. For this evaluation, autonomous automobiles (together with applied sciences that assist autonomous driving) and drones are thought of robots, whereas 3D printers, CNC methods, and varied kinds of “hard” automation should not.

Companies which can be “robotic” in identify solely, or use the time period “robot” to explain services and products that that don’t allow or assist gadgets appearing within the bodily world, are excluded. For instance, this consists of “software robots” and robotic course of automation. Many corporations have a number of places in numerous international locations. Company places given within the evaluation are based mostly on the publicly listed headquarters in authorized paperwork, press releases, and so on.

Verification
Funding data is collected from various private and non-private sources. These embrace press releases from firms and funding teams, company briefings, imarket analysis corporations, and affiliation and trade publications. In addition, data comes from periods at conferences and seminars, in addition to throughout non-public interviews with trade representatives, traders, and others. Unverifiable investments are excluded and estimates are made the place funding quantities should not offered or are unclear.