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Robotics firms raised $749 million in December 2023 on account of 41 investments. You possibly can see every funding within the desk beneath or a PDF model right here. Robotics investments reached about $12.9 billion for 2023.

In December 2023, makers of autonomous cell robots for indoor purposes corresponding to e-commerce success had been nicely represented. Examples embrace GreyOrange ($135M), Cyngn ($5M), Instock ($3.2M) and SWARM Robotics.

Firms producing cell methods for outside use additionally acquired sizable rounds. For instance, Mu Qin Zhi Neng ($5M), Oak Heron Expertise ($2.5M), and Greenfield ($2M) all produce methods for agricultural operations, whereas Gecko Robotics ($100M) offers robots for industrial inspection.

Robotics Investments – December 2023

As seen in Determine 2, U.S. firms acquired the best variety of rounds (14) and the best funding quantity ($512M). This determine was fueled by important outlays for Protect AI ($200M), a developer of an autonomy stack for plane operations, and Gecko Robotics ($100M). Chinese language corporations additionally acquired substantial funding ($170M, 12 firms), of which $85M went to Zhiyuan Robotics, a Shanghai-based developer of humanoid robots. Firms in Germany ($16M), Korea ($11M), and Switzerland ($11M), additionally acquired important rounds.

Determine 2: December 2023 Robotics Funding by Nation

All funding sorts had been nicely represented in December 2023 (Determine 3, beneath). For each the full variety of investments and the general quantity of funding, most rounds and funding quantities fell into the ‘Different’ class, adopted by Collection A funding rounds.

Determine 3: December 2023 Robotics Funding by Funding Sort and Quantities

Complete robotics funding for 2023 equals roughly $12.9 billion (Determine 1, beneath). The typical month-to-month robotics funding over that interval equals about $1.07 billion. Funding in November 2023 was $418 million. You possibly can learn all The Robotic Report‘s funding protection right here.

Determine 1: Month-to-month Robotics Funding for 2023

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

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

Robotics firms
Robotics firms 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 providers supporting robotics units. For this evaluation, autonomous autos (together with applied sciences that help autonomous driving) and drones are thought-about robots, whereas 3D printers, CNC methods, and varied kinds of “exhausting” automation will not be.

Firms which might be “robotic” in title solely, or use the time period “robotic” to explain services that don’t allow or help units performing 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 areas in several international locations. Firm areas given within the evaluation are based mostly on the publicly listed headquarters in authorized paperwork, press releases, and so on.

Verification
Funding info is collected from a number 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. As well as, info comes from classes 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 will not be supplied or are unclear.