July 2023 Robotics Investments Whole US $2.1 Billion

By Dan Kara | August 31, 2023

July 2023 robotics funding equaled $1.96 billion, the results of 48 investments (See Desk 1 beneath or obtain Desk 1 HERE). Whole 2023 funding for the months January via July involves roughly $8 billion.

Desk 1: July 2023 Robotics Funding and Funding

Corporations based mostly in China acquired the vast majority of the rounds (18), which resulted in a complete funding influx of $501 million (Determine 1, beneath). Corporations based mostly within the USA attracted $1.2 billion in funding (coming from 14 rounds), with funding into autonomous automobile know-how supplier Aurora accounting for $820 million of that sum. Japan’s Telexistence, a supplier of autonomous cell robots for retail operations, attracted $160 million in funding. This single funding propelled Japan into third place amongst international locations for whole July 2023 funding quantities.

In line with effectively established robotics funding tendencies, suppliers of self-driving software program and {hardware} options for autonomous transportation secured sizable funding quantities.  Examples embody Aurora ($820M), Robosense ($164M), and HoloMatic ($48M).

July 2023 robotics investments have been notable for the massive variety of rounds into producers of AMR options. Collaborative Robotics ($30M), Seegrid ($16M), Suzhou Aijiwei Robotic ($14M), and Syrius Robotics ($14M) function examples.

Suppliers of drones, drone enabled analytic providers and enabling applied sciences additionally proceed to draw the eye of the funding group. For instance, Ehang ($23M), Verity ($11M), Lyncon ($5M) and others acquired rounds.

Determine 1: July 2023 Robotics Funding by Nation

June 2023 robotics investments have been atypical in that the majority funding fell below the aegis of ‘Different’, a catchall descriptor for investments that don’t embody the everyday levels of funding that companies undergo earlier than their preliminary public providing (ex. Seed rounds adopted by Sequence A, B, C, D and E funding).

Determine 2: July 2023 Robotics Funding Quantities by Funding Sort

Determine 3: July 2023 Robotics Funding Quantities by Funding Quantity and Quantities

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 priceless, it’s vital to wring out as a lot subjectivity as attainable in the course of 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. Buddies-and-family investments, authorities/non-governmental company grants, and crowd-sourced funding are excluded.

Robotics and clever techniques 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 providers supporting robotics gadgets. For this evaluation, autonomous autos (together with applied sciences that assist autonomous driving) and drones are thought-about robots, whereas 3D printers, CNC techniques, and varied varieties of “laborious” automation will not be.

Corporations which are “robotic” in title solely, or use the time period “robotic” to explain services and products that don’t allow or assist gadgets 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 data is collected from various private and non-private sources. These embody press releases from companies 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 will not be offered or are unclear.