When the COVID-19 pandemic disrupted everything and threw the economy into a whirlwind, numerous industries witnessed ever seen business growth. For instance, the proliferation of telehealth and rapid drug development enabled healthcare technologies to reach a new horizon. In a socially distanced world, robotics demand gained new heights as companies across almost every industry sought new ways to drive innovation. Now looking ahead to the new year, many tech purists expect that robotics trends will likely continue in 2021. The International Federation of Robotics forecasts that the global sales of robotic services will top US$55 million by 2023, up from US$17 billion in 2019.
Here is the top robotics funding raised in January/ February 2021.
Amount Raised: US$750 Million
Transaction Type: Series F
Key Investor(s): Alkeon Capital and Coatue
Widely known as the RPA leader, UiPath raised a whopping amount of US$750 million in Series F funding round at a post-money valuation of US$35 billion. The round was co-led by existing investors Alkeon Capital and Coatue, with participation from other returning investors Altimeter Capital, Dragoneer, IVP, Sequoia, Tiger Global, and funds and accounts advised by T. Rowe Price Associates, Inc.
Amount Raised: US$ 400 Million
Transaction Type: Series C
Key Investor(s): Baillie Gifford, Contemporary Amperex Technology, CPE, YF Capital
Horizon Robotics, a developer of artificial intelligence chips for robots, closed US$400 million in a Series C2 financing round. The round was led by Baillie Gifford, YF Capital and battery-maker CATL. This fresh fund enables Horizon Robotics to stimulate its autonomous vehicle chips research and commercialization.
Amount Raised: US$55 Million
Transaction Type: Series B
Key Investor(s): XN
AMP Robotics is a developer of AI-based robotic systems that sort recyclable material at a fraction of the cost of the current technology. To scale its business operations and expand its business reach, the company bagged US$55 million in a Series C funding round. The round was led by XN, with participation from new investors Valor Equity Partners and GV as well as existing investors Sequoia, Sidewalk Infrastructure Partners, Congruent Ventures, and Closed Loop Partners.
Amount Raised: US$12.5 Million
Transaction Type: Series A
Key Investor(s): Lydia Partners
OxeFit, an artificial intelligence and advanced robotics platform that provides the smartest and most effective training system for safely improving businesses performance, closed US$12.5 million in a Series A round. The financing round was led by Lydia Partners, with additional participation from pre-eminent professional athletes and sports medicine experts. OxeFit offers an integrated fitness ecosystem and aims to bring advanced robotics and AI to the world of strength training.
Amount Raised: US$7.9 Million
Transaction Type: Seed Round
Key Investor(s): True Ventures
Bear Flag Robotics is an ag-tech company that develops autonomous technology for farm tractors to yield productivity and improve safety. To accelerate the development of self-driving tractors, the company raised US$7.9 million in a Seed round led by True Ventures, with participation from Graphene Ventures, AgFunder, D20 and Green Cow VC. Bear Flag Robotics mission is to fortify global food production and lessen the cost of growing food through machine automation.
Amount Raised: 2 million (US$2.3 Million)
Transaction Type: Seed Round
Key Investor(s): Earlybird Venture Capital
The developer of software solutions for mobile inspection robots, Energy Robotics received 2 million, approximately US$2.3 million, in a seed funding round. The financing was led by Earlybird, alongside other prominent business angels. Headquartered in Darmstadt, Hessen, Germany, Energy Robotics has introduced one of the first commercially available software platforms for industrial applications that coalesces three essential intelligent control components of mobile autonomous robots: a hardware-independent robot operating system, cloud-based fleet management, and AI-powered data analysis.
Amount Raised: US$2 Million
Transaction Type: Venture Round
Key Investor(s):
Augmented Pixels is a Palo Alto, CA-based technology company that specializes in the field of augmented reality navigation and 3d mapping for mobile phones, drones, and robots. The company has closed a US$2 million in funding for the expansion of the team based in the United States and for innovative R&D activities. Augmented Pixels creates a world where drones and robots can see and navigate as humans do.
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Latest News Top Robotics Funding Raised in January/ February 2021 - Analytics Insight
- Brief: NVIDIA's venture arm invests in autonomous weeding startup Carbon Robotics - AgFunderNews - May 11th, 2024 [May 11th, 2024]
- 7 Robotics Stocks to Bet On for Reliable AI-Powered Returns - InvestorPlace - May 11th, 2024 [May 11th, 2024]
- NSF and USDA join forces to boost innovation in agricultural robotics - Future Farming - May 11th, 2024 [May 11th, 2024]
- Meet The Swiss Start-Up Taking On The Tech Giants In Robotics And AI - Forbes - May 11th, 2024 [May 11th, 2024]
- LimX Dynamics' W1 robot can stand, walk and roll on its hind 'legs' - Interesting Engineering - May 11th, 2024 [May 11th, 2024]
- Lear Corporation's acquisition showcases the industry's use of robotics and AI for efficiency and innovation - CBT Automotive News - May 11th, 2024 [May 11th, 2024]
- OMRON and NEURA Robotics Partner to Unveil New Cognitive Robot at Automate 2024 - Automation.com - May 11th, 2024 [May 11th, 2024]
- Community briefs: Ravenswood robotics at world championship, Bike to the Library Day - The Almanac Online - May 11th, 2024 [May 11th, 2024]
- JCHS Robotics shimes at VEX World Competition | Community News - The Tomahawk - May 11th, 2024 [May 11th, 2024]
- Carbon Robotics to Help Revolutionize Farming with AI, Using Investment from NVentures - Business Wire - May 11th, 2024 [May 11th, 2024]
- Nvidia's DrEureka outperforms humans in training robotics systems - VentureBeat - May 11th, 2024 [May 11th, 2024]
- Humanoid Robots: The Next-Generation Robotic Workforce - Tech Briefs - May 11th, 2024 [May 11th, 2024]
- PHOTOS Motiva helping fund Port Arthur ISD robotics and engineering - Port Arthur News - The Port Arthur News - May 11th, 2024 [May 11th, 2024]
- Kiwanis Club of Miami helps fund McMillan MS robotics team trip - Miami's Community Newspapers - May 11th, 2024 [May 11th, 2024]
- The Interplay Between Robotics and Artificial Intelligence in Manufacturing | RoboticsTomorrow - Robotics Tomorrow - May 11th, 2024 [May 11th, 2024]
- Doosan Robotics releases its longest reach cobots with PRIME SERIES - Robot Report - May 11th, 2024 [May 11th, 2024]
- KION North America and Fox Robotics Announce Non-Exclusive Strategic Partnership - Automation.com - May 11th, 2024 [May 11th, 2024]
- Ag tech startup Carbon Robotics lands Nvidia investment - The Business Journals - May 11th, 2024 [May 11th, 2024]
- Mars Robotics offers chance to drive Mars rover on Saturday - Butler Eagle - May 11th, 2024 [May 11th, 2024]
- Comparative analysis of robot-assisted language learning systems and human tutors in English conversation lessons - EurekAlert - May 11th, 2024 [May 11th, 2024]
- Valencia College to more than double students training in semiconductors, robotics and optics - The Business Journals - May 11th, 2024 [May 11th, 2024]
- DeepMind is experimenting with a nearly indestructible robot hand - New Scientist - May 11th, 2024 [May 11th, 2024]
- Five Things to Consider Before Adopting Robotics for Warehouse Automation - Automation.com - May 11th, 2024 [May 11th, 2024]
- Nvidia and Alphabet's Intrinsic aim to revolutionize next-gen robotics - VentureBeat - May 11th, 2024 [May 11th, 2024]
- NVIDIA and Alphabet's Intrinsic Put Next-Gen Robotics Within Grasp - Automation.com - May 11th, 2024 [May 11th, 2024]
- STEM robotics team celebrates 10 years and remembers hero who saved lives - Denver 7 Colorado News - May 11th, 2024 [May 11th, 2024]
- Zero-shot learning helps Intrinsic pave the future for robotics - FierceElectronics - May 11th, 2024 [May 11th, 2024]
- EN robotics team demonstrates real-world learning | News Sun | kpcnews.com - KPCnews.com - May 11th, 2024 [May 11th, 2024]
- Future Innovators Challenged to Design Nuclear Fission and Fusion Decommissioning Robots - Automation.com - May 11th, 2024 [May 11th, 2024]
- Meet Pepper and Bernard: The robots shaping AI research at SDSU - Daily Aztec - May 11th, 2024 [May 11th, 2024]
- Gene Haas Foundation Partner Hosts FIRST Robotics District Competitions - Kettering University - May 5th, 2024 [May 5th, 2024]
- NASA Showcases Innovations at the 2024 FIRST Robotics World Championships - NASA - May 5th, 2024 [May 5th, 2024]
- Robots are invading the San Carlos Branch Library - San Diego Community Newspaper Group - May 5th, 2024 [May 5th, 2024]
- Wyoming-Based Company Makes High-Tech Robots To Go Where Humans Don't Want To - Cowboy State Daily - May 5th, 2024 [May 5th, 2024]
- Anzu Robotics launches U.S.-based clone of DJI Mavic 3 - Robot Report - May 5th, 2024 [May 5th, 2024]
- Carnegie Mellon University's Robotics Institute begins developing drones to fight wildfires - CBS Pittsburgh - May 5th, 2024 [May 5th, 2024]
- 3 Robotics Stocks That Could Be Multibaggers in the Making: Spring Edition - MSN - May 5th, 2024 [May 5th, 2024]
- Hopkinton teams advance to Robotics World Championships - Hopkinton Independent - May 5th, 2024 [May 5th, 2024]
- "Big Cat Robotics" team from Wellsville returns from VRC World Championship - THE WELLSVILLE SUN - THE WELLSVILLE SUN - May 5th, 2024 [May 5th, 2024]
- PropStream-Sponsored Robotics Team Places in Competition - RisMedia.com - May 5th, 2024 [May 5th, 2024]
- Bellefontaine Robotics Team Travels to World Championship Peak of Ohio - peakofohio.com - May 5th, 2024 [May 5th, 2024]
- ASL Aviation Holdings Inks Deal with Reliable Robotics for 30 Aircraft Autonomy Systems - Business Wire - May 5th, 2024 [May 5th, 2024]
- Global Nano Robotics Market Projected to Surge to US$ 19.86 Billion by 2032: Healthcare Trends Catalyzing Nano ... - GlobeNewswire - May 5th, 2024 [May 5th, 2024]
- 'Afghan Dreamers' | Film about Afghan girls robotics team to be screened on May 15 - Piedmont Exedra - May 5th, 2024 [May 5th, 2024]
- 3 Robotics Stocks That Could Be Multibaggers in the Making: Spring Edition - InvestorPlace - May 5th, 2024 [May 5th, 2024]
- The Rise of the Navy Robots - Signal Magazine - May 5th, 2024 [May 5th, 2024]
- Elon Musk Keeps Talking About the Future of Robotics With Optimus, but This Phenomenal Growth Stock Has Already ... - The Motley Fool - May 5th, 2024 [May 5th, 2024]
- Robosen Robotics Teams Up with Hasbro to Debut the Worlds First Auto-Converting Decepticon Megatron! - aNb Media - May 5th, 2024 [May 5th, 2024]
- John P. Stevens Robotics Team Wins Excellence in Technology at Innovators Awards - TAPinto.net - May 5th, 2024 [May 5th, 2024]
- Nala Robotics and Re-Up partner to develop AI-powered robotic chef - Robotics and Automation News - May 5th, 2024 [May 5th, 2024]
- LCSD1 to Host Final Robotics Competition of the School Year Tomorrow - The Cheyenne Post - May 5th, 2024 [May 5th, 2024]
- GMV showcases its robotic inspection capabilities Robotics & Automation News - Robotics and Automation News - May 5th, 2024 [May 5th, 2024]
- Trine's armored robot finishes 4th in national combat - Trine University - May 5th, 2024 [May 5th, 2024]
- Female robotics founders discuss their journeys in the industry - Robot Report - May 5th, 2024 [May 5th, 2024]
- Hanwha Robotics, B-Robotics join hands on restaurant automation project - Aju Press - May 5th, 2024 [May 5th, 2024]
- Dishchii'bikoh Community School Robotics Team Heads to VEX World Championship - White Mountain Independent - May 5th, 2024 [May 5th, 2024]
- ETH unveils space-hopping robot for asteroid exploration - Robotics and Automation News - May 5th, 2024 [May 5th, 2024]
- Nickelytics and Starship release robots at UCLA and Utah universities - Robotics and Automation News - May 1st, 2024 [May 1st, 2024]
- Next-Level Robotics: Enhancing Accuracy with Advanced Multisensory Interfaces - AZoRobotics - May 1st, 2024 [May 1st, 2024]
- Death of Lake Orion teen on robotics trip determined to be suicide, Houston police say - Detroit News - May 1st, 2024 [May 1st, 2024]
- Niqo Robotics Raises $9 Million In Funding Round Led By Brida Innovation Ventures: Report - Outlook India - May 1st, 2024 [May 1st, 2024]
- Mission to 'Holy Grail of Shipwrecks' Will Employ Robotics - USNI News - May 1st, 2024 [May 1st, 2024]
- Kiwibot acquires Auto Mobility Solutions Robotics & Automation News - Robotics and Automation News - May 1st, 2024 [May 1st, 2024]
- Untethered soft actuators for soft standalone robotics - Nature.com - May 1st, 2024 [May 1st, 2024]
- Robotics in the restaurant industry are here to stay: Carlos Gazitua - Fox Business - May 1st, 2024 [May 1st, 2024]
- It's time for UK business to embrace robotics - Design Products & Applications - May 1st, 2024 [May 1st, 2024]
- Meet the `One Percenters' - The Top Ranked Robotics Group from Franklin - Franklin Observer - May 1st, 2024 [May 1st, 2024]
- Atlas, forefather of humanoid robots, gives way to next generation - Marketplace - May 1st, 2024 [May 1st, 2024]
- BlueBotics releases new version of its server fleet management software - Robotics and Automation News - May 1st, 2024 [May 1st, 2024]
- U.S. manufacturers invested heavily in robotics in 2023, finds IFR - Robot Report - May 1st, 2024 [May 1st, 2024]
- This is a unique time: ARK Invests chief futurist tackles tech innovation from AI to robotics - CNBC - May 1st, 2024 [May 1st, 2024]
- U.S. Companies Invest Heavily in Robots - IFR Preliminary Results EMSNow - EMSNow - May 1st, 2024 [May 1st, 2024]
- MiR launches new autonomous mobile forklift-type robot - Robotics and Automation News - May 1st, 2024 [May 1st, 2024]
- Rutland Area Robotics' IBOTS compete in FIRST World Championships finals for first time - Rutland Herald - May 1st, 2024 [May 1st, 2024]
- Micropsi Industries introduces new AI-vision software Robotics & Automation News - Robotics and Automation News - May 1st, 2024 [May 1st, 2024]
- Robots on a Roll: The Future of Farming Is Here Now - Growing Produce - May 1st, 2024 [May 1st, 2024]
- Grand Force, Grand Forks' only FIRST Robotics team, returns from world championship with good memories - Grand Forks Herald - May 1st, 2024 [May 1st, 2024]
- Reston Robotics Team Wins National Competition At Tech Conference - Patch - May 1st, 2024 [May 1st, 2024]
- CapSen Robotics Introduces CapSen PiC 2.0 Bin-Picking Software - Supply and Demand Chain Executive - May 1st, 2024 [May 1st, 2024]
- Gecko Robotics and Al Masaood Energy Partner to Help ADNOC Gas Revolutionize Asset Operations and ... - Business Wire - May 1st, 2024 [May 1st, 2024]