Robotics investments attain $620M in February 2023

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Robotics funding for February 2023 totaled $620 million as the results of 36 investments. See Table 1 beneath or obtain Table 1 right here. The February investments deliver the 2023 complete to roughly $1.14B. Investments in January 2023 totaled $521 million.

Companies providing unmanned aerial drones, often coupled with drone-enabled information and analytics companies, had been significantly sturdy in February 2023, with corporations receiving sizable mid- to late-stage funding rounds. These suppliers usually give attention to surveying and inspection purposes, with building, agriculture, utilities and vitality 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 DRONAMICS landed $40M in Seed funding.

Table 1: February 2023 Robotics Funding and Investment

Companies situated 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 sorts had been nicely represented in February 2023 (Figure 2). Series E rounds accounted for the majority of the funding quantities, buoyed by investments into drone information 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

Editor’s word: What defines robotics investments? The reply to this straightforward query is central in any try and quantify them with a point of rigor. To make funding analyses constant, repeatable, and invaluable, it’s important to wring out as a lot subjectivity as potential throughout 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 buyers, and different sources. Friends-and-family investments, authorities/non-governmental company grants, and crowd-sourced funding are excluded.

Robotics and clever programs firms
Robotics firms 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 units. For this evaluation, autonomous automobiles (together with applied sciences that help autonomous driving) and drones are thought of robots, whereas 3D printers, CNC programs, and numerous varieties of “hard” automation usually are not.

Companies which can be “robotic” in title solely, or use the time period “robot” to explain services and products that don’t allow or help units performing 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 primarily based on the publicly listed headquarters in authorized paperwork, press releases, and many others.

Verification
Funding data is collected from a lot of private and non-private sources. These embrace press releases from companies and funding teams, company briefings, market analysis corporations, and affiliation and trade publications. In addition, data comes from periods at conferences and seminars, in addition to throughout personal interviews with trade representatives, buyers, and others. Unverifiable investments are excluded and estimates are made the place funding quantities usually are not offered or are unclear.