The COVID-19 pandemic has impeded enterprise worldwide, however robotics analysis, improvement, and commercialization have continued by the summer season. In August 2020, corporations engaged on autonomous autos, industrial automation, and healthcare methods continued to obtain vital funding.
In August 2020, Robotics Enterprise Evaluation tracked 50 transactions price a complete of $2.three billion (U.S.). As compared, there have been 47 offers price about $1.9 billion in July 2020, and 43 transactions price $2 billion in August 2019. As with final month, there was not a major change 12 months over 12 months, regardless of the COVID-19 pandemic.
Regardless of a 33% decline in international enterprise funding final month, in response to Crunchbase, provide chain automation, aerial drones, and agricultural and repair robotic corporations additionally acquired funding in August 2020. Chinese language industrial funding elevated to $7.63 billion within the second quarter, mentioned GlobalData.
Traders stay bullish, even when international markets have contracted 18% for robotics, eight% for machine imaginative and prescient, and 6% for movement management previously 12 months, reported the Affiliation for Advancing Automation (A3) and ITR Economics. A3 expressed optimism for the latter half of 2020.
Of this previous month’s reported transactions, there have been 43 investments, in contrast with 42 final month and some greater than 38 a 12 months in the past. In Q2, expertise offers totaled $17.6 billion, in response to GlobalDeals.
Associated content material: June 2020 transactions and prime 10 robotics offers from the primary half of the 12 months; The Robotic Report Podcast: First-half 2020 highlights
The desk beneath lists robotics fundings from the previous month in thousands and thousands of U.S. dollars the place figures have been out there:
Robotics Investments August 2020
CompanyAmt. (M$)TypeInvestor, partnerDateTechnology
Aero EnterpriseSeries ABuss GroupAug. 20drone inspection
AIDriving14.41Collection CSBI GroupAug. 13driver help
AngstrongSeries AAug. 15sensors
Attabotics Inc.50Collection COntario Trainer’s Pension Plan BoardAug. 18automated storage and retrieval
Blue Ocean Robotics ApS19.25investmentAug. 1development
Changsha Clever Driving Institute14.5Series ASanze Enterprise CapitalAug. 20autonomous autos
CimcorpinvestmentAlimerkaAug. 25industrial automation
Curve Clever EquipmentSeries AQianhai Ark Asset ManagementAug. 21spraying, portray robots
Drone Defence0.652seedScientel SolutionsAug. 18drone protection
DroneShieldpost-IPOAug. 6drone protection
Straightforward Aerial6.15Collection AAug. 25aerial drones
Fox Robotics9Series AMenlo VenturesAug. 25self-driving forklifts
HachiBotpre-ANorthern Mild Enterprise CapitalAug. 21quadruped social robotic
HoloMaticSeries ANavInfoAug. 27autonomous autos
Hoverfly10.7Series BAug. 17tethered drones
Unbiased RoboticsseedInnovobotAug. 5underwater robotic
Ispace Inc.28Collection BIF SPV 1st Funding PartnershipAug. 20lunar lander
LightWare LiDAR1.5seedSanari CapitalAug. 18sensors
Luxelare0.338seedAug. 13drones and software program
Matrixtime Robotics15.8Series AHunan Excessive-tech Enterprise CapitalAug. 18AI, machine imaginative and prescient
MilebotSeries ALenovo Enterprise CapitalAug. 26exoskeletons
NextStep Robotics0.5investmentMaryland Momentum Fund, Abell FoundationAug. 4assistive system
OpenTrons Labworks Inc.20.6Series AAug. 25laboratory automation
Orca Technologies1.4Series ATuring AI InstituteAug. 5marine robots
Procept BioRobotics77Collection CAug. 14robotic surgical procedure
Pudu Expertise Inc.14.5Series BSequoia Capital ChinaAug. 20moble robots
Raptor Maps5Series CBlue Bear Capital, Information Level Capital, Buoyant VenturesAug. 26drone information
Dependable Robotics Corp.33.5investmentLightspeed Ventures, Eclipse PartnrsAug. 27autonomous plane
ROEQinvestmentVakstPartner KapitalAug. 11cell robotic equipment
Rokae14.4Series CXiang He CapitalAug. 19robotic arms
Root AI7.2seedPJCAug. 13harvesting robotic
Shanghai SK Automation Expertise105IPOSTAR MarketAug. 11industrial automation
Shenzhen ExcelLand Expertise Co.investmentHuazhu Group, BTG Homeinns Lodges GroupAug. 18hospitality robots
StreetLight Information Inc.15Collection DMacquarie Capital, Actvate CapitalAug. 6mobile information analytics
Syntiant Corp.35Collection CM12, Utilized Ventures LLCAug. 4AI edge processing
Tier IV92.3Series BSompo HoldingsAug. 27autonomous autos
Tinamu Labs1.21seedAlpana VenturesAug. 25drone controller
Vicarious Surgical13.2investmentE15 CapitalAug. 7surgical robots
WAKU Robotics1.18investmentPlug and Play, TGFSAug. 12cell robots
Xiaopeng Motors Expertise Co.1500IPO Aug. 21autonomous autos
XTEK Ltd.12post-IPOAug. 10drones
XYZ Robotics Inc.20Collection A+Supply Code CapitalAug. 24piece choosing
There have been seven robotics mergers and acquisitions price about $180 million in August 2020, in contrast with six acquisitions (with no quantities disclosed) in July and 6 price $1.three billion in 2019.
Robotics Acquisitions, August 2020
CompanyAmt. (M$)Acquirer, partnerDateTechnology
Aeolus Robotics Corp.10GigaMedia Ltd.Aug. 31AI-enabled service robots
Ascent Imaginative and prescient Applied sciences LLCCACI Worldwide Inc.Aug. 12gimbal methods
FinetuneCloboticsAug. 18drone turbine monitoring
JetbrainSolarisAug. 4mobile robots
Luminar Applied sciences Inc.170Gores Metropoulos Inc.Aug. 24lidar hardware, software program
Resolution Internet SystemsArchitect EquityAug. 5industrial automation
Voxtel Inc.Allegro MicroSystemsAug. 31lidar hardware, software program
Autonomous automobile offers preserve rolling in August 2020
Autonomous automobile corporations raised greater than $1.6 billion in August 2020. The biggest single transaction of the month was the $1.5 billion preliminary public providing (IPO) for Xiaopeng Motors Expertise Co. Guangzhou, China-based Xpeng raised $500 million in Collection C funding in July and plans to make use of its funding to develop analysis and improvement.
Some transportation transactions in August 2020 concerned partnerships. Luminar Applied sciences Inc. in Palo Alto, Calif., performed a reverse merger with Gores Metropoulos Inc. and raised $170 million for its “full stack” of software program for autonomous vehicles and passenger autos. Insurer Sompo Holdings acquired an 18% stake price $92 million in Nagoya, Japan-based self-driving software program developer Tier IV.
Bridging the hole between drones and autonomous autos, Mountain View, Calif.-based Dependable Robotics Corp. emerged from “stealth mode” and raised $33.5 million for absolutely autonomous plane.
Again on the bottom, San Francisco-based StreetLight Information Inc. obtained $15 million in Collection D funding for smart-city information analytics meant to work with autonomous autos. Changsha Clever Driving Institute in China acquired Collection D funding of $14.5 million for superior driver help methods (ADAS) for vehicles.
Shenzhen, China-based AIDriving’s Collection C spherical raised $14.41 million because it develops algorithms for ADAS and synthetic intelligence of issues (AIoT) methods.
Beijing-based HoloMatic obtained an unspecified quantity in Collection A+ funding led by NavInfo as it really works on autonomous methods for driving and parking. Additionally in August 2020, Allegro MicroSystems acquired Voxtel Inc., a Beaverton, Ore.-based firm that makes lidar software program and hardware for ADAS.
China leads in industrial automation funding
In August 2020, robotics suppliers to producers raised greater than $119 million, and provide chain automation corporations raised $80 million. Shanghai SK Automation Expertise, which serves automakers, raised $105 million in its IPO on the STAR Market.
Beijing-based robotic arm maker Rokae raised $14.four million in Collection C funding, and Curve Clever Tools, a spraying and portray robotic supplier additionally in Beijing, raised an unspecified Collection A.
On the logistics and warehousing facet, Calgary, Alberta-based Attabotics Inc. raised $50 million in Collection C funding for its automated storage and retrieval system (ASRS). Allston, Mass.-based XYZ Robotics Inc., which has developed imaginative and prescient methods and finish effectors for piece choosing, acquired $20 million in Collection A+ funding.
Fox Robotics, a maker of self-driving forklifts in Austin, Texas, had a Collection A spherical of $9 million. In the meantime, WAKU Robotics, a cell robotic maker in Dresden, Germany, raised $1.18 million.
Spanish grocery retailer Alimerka invested an unspecified quantity in automation and assist from Ulvilaa, Finland-based Cimcorp. Funen, Denmark-based ROEQ, which supplies equipment for robots resembling these from Cell Industrial Robots ApS, raised an unspecified quantity in August 2020.
Architect Fairness acquired a majority share of Resolution Internet Techniques, a logistics automation agency in Quakertown, Pa.
Healthcare corporations discover funding to carry robots to market
A wide range of healthcare robotics corporations raised greater than $111 million in August 2020, led by the $77 million Collection C spherical for Procept BioRobotics in Redwood Shores, Calif. It has developed “aquablation” remedy for enlarged prostates.
Brooklyn, N.Y.-based laboratory automation supplier OpenTrons Labworks Inc. raised $20.6 million in Collection A funding final month. Boston-based Vicarious Surgical acquired $13.2 million because it continues working to commercialize digital actuality and robotics methods.
Baltimore-based NextStep Robotics raised $500,000 for its wearable system, which is designed to help sufferers whereas strolling. Additionally in wearables, Shenzhen-based Milebot raised an unspecified Collection A spherical because it develops exoskeletons.
Additionally in August 2020, Solaris Disinfection Inc. acquired Jetbrain Robotics for an unspecified quantity. Gurgaon, India-based Jetbrain makes cell robots for delivering provides in hospitals that may be part of Solaris’ disinfection robotic portfolio. Capsa Healthcare acquired Dutch pharmacy automation supplier RoboPharma. No buy value was specified.
Robots elements and AI key to business success
To be commercially profitable, robotic and synthetic intelligence methods want dependable sensors, processors, and motors. Element makers raised $52.three million in August 2020. Irvine, Calif.-based Syntiant Corp. raised $35 million in Collection C funding for AI edge processing.
Shanghai-based Matrixtiime Robotics raised $15.eight million in Collection A funding for machine imaginative and prescient software program and industrial AI.
LightWare LiDAR in Gauteng, South Africa, collected seed funding of $1.5 million, and Angstrong in Shenzhen raised an unspecified Collection A. Durham, U.Okay.-based Wootzano, which makes “digital pores and skin” sensors for robots, obtained debt financing from HSBC.
CACI Worldwide Inc. acquired Ascent Imaginative and prescient Applied sciences LLC, a Belgrade, Mont.-based supplier of methods for mounting cameras on drones or robots.
Robots for air, water, and area prepare for launch
As summer season wound down within the Northern Hemisphere, buyers supported drones for agriculture, power and utilities, and safety functions. Boston-based Root AI, which is engaged on the Virgo robotic harvester, raised $7.2 million in seed funding.
Safety drones acquired greater than $37 million in August 2020, led by Canberra, Australia-based XTEK Ltd., which raised $12 million. Orlando, Fla.-based Hoverfly raised $10.7 million in Collection B funding for its tethered drones, and Straightforward Aerial in Brooklyn, N.Y., raised Collection A funding of $6.15 million for its autonomous drones.
In aerospace, Tokyo-based Ispace acquired $28 million in Collection B funding for its robotic lunar lander, to not be confused with Beijing-based iSpace, which raised $172 million for business rocket launches and is past the scope of this report.
Drone countermeasures additionally acquired funding, with Herndon, Va.-based Drone Defend getting $7.5 million in post-IPO funding, and Doncaster, U.Okay.-based Drone Defence elevating $652,000 in seed funding.
In energy, Somerville, Mass.-based Raptor Maps, which is constructing analytics software program for the photo voltaic trade, secured $5 million in Collection C funding. Clobotics acquired Danish turbine monitoring supplier Finetune for an unspecified quantity.
Additionally in power, Montreal-based Unbiased Robotics raised unnamed seed funding for its robots for underwater exploration, and San Clemente, Calif.-based marine robotics firm Orca Applied sciences obtained $1.four million in Collection A funding.
Tinamu Labs in Zurich acquired seed funding of $1.21 million because it develops a drone controller for infrastructure inspection in GPS-denied environments. Aero Enterprise in Linz, Austria, obtained unspecified Collection A funding for its inspection drones.
Luxelare, an agricultural drone and software program agency in Los Mochis, Mexico, raised $338,000 in seed funding to qualify for crowdfunding.
Service robots spherical out August 2020
Lastly, service robotic corporations rounded out summer season 2020 transactions. “Enterprise manufacturing facility” Blue Ocean Robotics ApS, whose spinoffs embrace disinfection robotic maker UVD Robots, raised $19.25 million. Odense, Denmark-based Blue Ocean additionally accomplished its acquisition of the property of Appropriate Applied sciences, supplier of the Beam telepresence robotic.
Shenzhen-based Pudu Expertise Inc., which makes cell robots for eating places and hospitals, raised Collection B+ financing of near $15 million, only a month after elevating an analogous quantity. GigaMedia Ltd. acquired San Francisco-based service robotic agency Aeolus Robotics Corp. for $10 million.
Beijing-based HachiBot raised unspecified pre-Collection A funding for its quadruped social robotic, whereas Shenzhen ExcelLand Expertise Co. acquired unspecified funding for its hospitality robots.
Editors’ observe: What defines robotics investments? The reply to this straightforward query is central in any try to quantify them with a point of rigor. To make funding analyses constant, repeatable, and beneficial, it’s essential to wring out as a lot subjectivity as doable 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. 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 providers 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 varieties of “exhausting” automation should not.
Firms which can be “robotic” in title solely, or use the time period “robotic” to explain services and products that that don’t allow or assist 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 places in numerous international locations. Firm places given within the evaluation are based mostly on the publicly listed headquarters in authorized paperwork, press releases, and so on.
Funding data is collected from a lot of private and non-private sources. These embrace press releases from companies and funding teams, company briefings, trade analysts, and affiliation and trade publications, together with PitchBook and Tracxn. As well as, data comes from classes at conferences and seminars, in addition to throughout personal interviews with trade representatives, buyers, and others. Unverifiable investments are excluded.
Concerning the creator:
Eugene Demaitre is senior editor at The Robotic Report and Robotics Enterprise Evaluation. Previous to working at WTWH Media, he was an editor at BNA (now a part of Bloomberg), Computerworld, TechTarget, and EH Media. Demaitre has participated in robotics webcasts, podcasts, and conferences worldwide. He has a grasp’s from the George Washington College and lives within the Boston space.