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Might Mobility launched an autonomous driving shuttle service in November at an Arizona retirement group.

Robotics investments reached about $418 million in November 2023 on account of 40 funding rounds. November’s $418 million was the bottom month-to-month funding quantity via the primary 11 months of 2023. With the November investments, robotics funding for the primary 11 months of 2023 totals roughly $12.1 billion.

The 2 largest particular person funding rounds for November 2023 went to suppliers of self-driving software program and {hardware}. Might Mobility, a supplier of autonomous driving expertise for industrial fleets, pulled in a $105 million Sequence D spherical, whereas Eacon Mining, a developer of autonomous haulage options for operations at floor mines, raised greater than $55 million in Sequence C funding.

Different corporations receiving sizeable funding rounds in November 2023 embrace GITAI, a developer of remote-controlled robots to assist astronaut’s operations in house ($47.5 million), and China-based HCFA, a producer and integrator of commercial automation and robotics merchandise ($38 million).

As with earlier months in 2023, corporations positioned in China and the USA obtained nearly all of robotics investments, $166 million and $149 million, respectively. Corporations based mostly in China and the U.S. additionally obtained nearly all of the rounds (23 of 40 investments between them), with the businesses within the remaining international locations every receiving 3 or fewer investments. Two investments into the Japanese corporations GITAI and Sensyn Robotics resulted in $63 million in funding.

All forms of robotics investments had been nicely represented in November 2023 (Figures 2 and three). For each the entire variety of investments and the general quantity of funding, most rounds and funding quantities fell into the ‘Different’ class, a catchall phrase for funding varieties that fall exterior the everyday phases of funding that companies undergo earlier than their preliminary public providing (ex. Seed, Sequence A, B, C, D, E and F funding). Michigan-based Might Mobility’s outsized Sequence D funding ($105 million) accounted for about one-quarter of all November 2023 funding.

For a recap of the investments, see the desk under or view a downloadable desk right here.

Editor’s observe
What defines robotics investments? The reply to this easy query is central in any try and quantify them with a point of rigor. To make funding analyses constant, repeatable, and helpful, it’s important to wring out as a lot subjectivity as attainable throughout the analysis course of. This begins with a definition of phrases and an outline of assumptions.

Traders and investing
Funding ought to come from enterprise capital corporations, company funding teams, angel buyers, and different sources. Associates-and-family investments, authorities/non-governmental company grants, and crowd-sourced funding are excluded.

Robotics and clever methods corporations
Robotics corporations should generate or count on 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 autos (together with applied sciences that assist autonomous driving) and drones are thought of robots, whereas 3D printers, CNC methods, and numerous forms of “exhausting” automation aren’t.

Corporations which are “robotic” in identify solely, or use the time period “robotic” to explain services and products that don’t allow or assist units appearing within the bodily world, are excluded. For instance, this consists of “software program robots” and robotic course of automation. Many corporations have a number of places in several international locations. Firm 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 a number of private and non-private sources. These embrace press releases from firms and funding teams, company briefings, market analysis corporations, and affiliation and business publications. As well as, data comes from classes at conferences and seminars, in addition to throughout non-public interviews with business representatives, buyers, and others. Unverifiable investments are excluded and estimates are made the place funding quantities aren’t supplied or are unclear.