Robotics transactions slowed this previous spring, reflecting commerce tensions and the COVID-19 pandemic. Nevertheless, funding and acquisition exercise picked up considerably in June 2020.
In June 2020, Robotics Enterprise Overview tracked 48 transactions price greater than $1.9 billion, in contrast with 20 transactions price $1.5 billion in Could 2020 and 50 robotics offers price greater than $1.1 billion in June 2019. Each final yr and this yr, there was a dip in Could, adopted by a rise in exercise in June. The COVID-19 pandemic could not have affected the entire quantity of funding, however the pattern of fewer early-stage investments has continued.
Not surprisingly, most of the largest automation transactions this previous month and within the first half of 2020 had been round autonomous automobiles. Chinese language firms additionally raised a big share of worldwide funding up to now this yr, reported DealStreetAsia.
Prime 10 robotics offers of the primary half of 2020
CompanyAmt. (M$)TypeInvestor, acquirer, partnerDateTechnology
Argo AI2600investmentVolkswagenJuneautonomous automobiles
Wright Medical2300acquisitionStrykerMaysurgical robots
Waymo2200investmentMarch, Mayautonomous automobiles
Cainiao1300acquisitionAlibaba Group HoldingJunesupply chain
Zoox Inc.1200acquisitionAmazon.com Inc.Juneautonomous automobiles
Didi Chuxing500funding(SoftBank acquired)Mayautonomous automobiles
Hydroid350acquisitionHuntington IngallsFeb.underwater robots
The desk under lists final month’s fundings in hundreds of thousands of U.S. dollars, the place quantities had been publicly out there.
Robotics investments, June 2020
CompanyAmt. (M$)TypeInvestor, partnerDateTechnology
Adaps Photonics Inc.Collection A1Lightspeed China PartnersJune 27imaginative and prescient
Aerones SIA1.6seedChange Ventures, YCombinator, Sensum GroupJune 16robotic inspection
Aether BiomedicalseedChirtae VenturesJune 24prosthetics
AIMotive20Collection CLead VenturesJune 22autonomous automobiles
Beijing Jingwei HiRain Applied sciences Co.30Huaxing Progress CapitalJune 30autonomous automobiles
Beijing Tinavi Medical Expertise71IPOState Improvement & Funding Corp.June 22orthopedic robotic
Bitsensing5.8pre-Collection ALB InvestmentJune 8radar sensors
BotsyncseedWong Fong Industries, SEEDS Capital, Angelhub, Artesian Enterprise PartnersJune 30cell robots
Boxbot7.5seedArtiman VenturesJune 4delivery robots
Code 4213seedLIG Nex 1, KTB Community, Shinhan BankJune 18autonomous automobiles
Firm Six3Series DSpider CapitalJune 11first-response robots
Drishti Applied sciences Inc.25Collection BSozo Ventures, Toyota AI VenturesJune 16AI
DriveU.auto4investmentZohar ZisapelJune 24autonomous automobiles
DroneBase Inc.7.5Series CValor Fairness Companions, Razi Ventures, Union Sq. VenturesJune 18drone information
Elementary Robotics Inc.12.7Series AThreshold Ventures, Toyota AI VenturesJune 30machine studying, pc imaginative and prescient
Future Robotic Shenzhen Co.14.1Series BLenovo Enterprise Capital, Japanese Bell Enterprise CapitalJune 15cell robots
Geekplus Expertise Co.200Collection CV Fund, Vertex Ventures China?June 18cell robots
HistoSonics40Collection C1Yonjin Enterprise LLCJune 8robotic remedy
Hyundai Robotics41investmentKTJune 16industrial automation
i-KINGTECH25Collection BZhongyi Mingyuan Enterprise Capital ManagementJune 2industrial drones
Locomation5.98Collection AJune 22autonomous automobiles
Locus Robotics Inc.40Collection DZebra VenturesJune 2mobile robots
OTTO Motors29Collection CKensington Non-public Fairness FundJune 1mobile robots
PeppermintseedVenture CatalystsJune 17cleansing robots
Proprio23Collection ADCVCJune 17surgical robotics
RIOS5investmentValley Capital PartnersJune 30industrial automation
Shenzhen Youdi TechnologyinvestmentLegend Capital, Convivialite VenturesJune 9mobile robots
SLAMcore Ltd.four.94investmentOctopus Ventures, MMC VenturesJune 17spatial AI
SmartMore Expertise Co.seedIDG CapitalJune 29pc imaginative and prescient
StradVision Inc.investmentPegasus Tech Ventures, Aisin GroupJune 16autonomous automobile imaginative and prescient
Suzhou AGV Robotic Co.four.38Collection ALenovo Enterprise CapitalJune 24cell robots
Suzhou Muxing Inttelligent Expertise14.1Series ATCL Enterprise CapitalJune 5mobile robots
Third Wave Automation15Collection AInnovation EngineersJune 23autonomous forklifts
Titan Medical Inc.18investmentJune 9surgical robots
TXMR Sdn Bhd1.17investmentVentureTECH Sdn BhdJune 18industrial automation
Venus Idea Inc.31investmentLincoln Park Capital Fund LLCJune 16surgical robots
VisionNav Robotics Co.14.25Collection B1Lenovo CapitalJune 21vision-guided forklifts
Wandelbotics GmbH30Collection B83NorthJune 16robotic programming
WiBotic Inc.5.7Series AJunson Capital, Rolling Bay VenturesJune 11wi-fi charging
Yunjing Intelligence Expertise Co.Collection CSequoia Capital ChinaJune 23cleansing robots
There have been seven robotics mergers and acquisitions in June 2020, in contrast with just one in Could and eight final June. Though no robotics, drone, synthetic intelligence, or autonomous automobile firms shut down utterly final month, a number of had layoffs or sought Paycheck Safety Program funds.
Robotics acquisitions, June 2020
CompanyAmt. (M$)Acquirer, partnerDateTechnology
Astyx GmbHCruiseJune 3self-driving automotive sensors
Compass AutomationTeslaJune 4nidustrial automation
Made in House Inc.RedwireJune 23area robots
Marble Robotic Inc.Caterpillar Inc.June 17autonomous automobile imaginative and prescient
MueTec Automated Microscopy and Messtechnik GmbH20.5Tztek Expertise Co.June 22industrial automation
Zhuhai RHK HealthcareFourier IntelligenceJune 1exoskeletons, rehab
Zoox Inc.1200Amazon.com Inc.June 26autonomous automobiles
Amazon merges into autonomous automobile race
The biggest single robotics transaction of June 2020 was Amazon.com Inc.‘s acquisition of Zoox Inc., which is constructing a zero-emissions automobile with a full autonomy software program stack. Cruise LLC was additionally within the Foster Metropolis, Calif.-based robotaxi startup. Though Amazon didn’t specify how a lot it paid for Zoox, sources advised the Monetary Occasions that it spent greater than $1.2 billion.
Chinese language sensible automobile developer Beijing Jingwei HiRain Applied sciences Co. raised $30 million in June 2020, whereas Budapest, Hungary-based autonomous and superior driver help system (ADAS) developer AImotive raised $20 million in Collection C funding.
On-demand autonomous transportation supplier Code 42 in Gangnam, South Korea, obtained $13 million in seed funding. Pittsburgh-based Locomation, which is creating “human-guided” autonomous vehicles, had a $5.98 million seed spherical.
DriveU.auto, a startup in Kfra Saba, Israel, constructing a teleoperation connectivity platform for semi-autonomous automobile operation, raised $four million in June 2020. Seoul-based StradVision obtained a strategic funding from international automotive provider Aisin Siki Co. for its vision-processing software program for autonomous automobiles.
To not be overlooked, Normal Motors Co. spinoff Cruise reportedly acquired Ottobrunn, Germany-based radar maker Astyx GmbH. Additionally, Tesla Inc. acquired Compass Automation, a producing automation design agency in Elgin, Ailing. Quantities weren’t specified.
A bit extra public was Caterpillar Inc.’s buy of San Francisco-based Marble Robotic Inc. for autonomous mining and development automobiles.
Provide chain automation picks up funding
Logistics and provide chain automation suppliers raised a complete of $338 million in June 2020, led by the $200 million Collection C spherical for Beijing-based Geekplus Expertise Co. PitchBook famous that first-quarter investments in warehouse robotics startups surged within the first quarter.
Wilmington, Mass.-based autonomous cell robotic (AMR) maker Locus Robotics Inc. closed a $40 million Collection D spherical because it expands in Europe. The day earlier than that, OTTO Motors, an AMR unit of Clearpath Robotics Inc. in Kitchener, Ontario, raised a $29 million Collection C spherical to increase its personal international community.
Forklifts are harmful and subsequently good candidates for automation. Union Metropolis, Calif.-based self-driving forklift vendor Third Wave Automation raised Collection A funding of $15 million, and Shenzhen, China-based vision-guided forklift firm VisionNav Robotics Co. raised $14.25 in Collection B1 funding.
Cell robotic maker Suzhou Muxing Clever Expertise raised $14.1 million in June 2020, as did Future Robotic Shenzhen Co. Oakland, Calif.-based Boxbot raised $7.5 million in seed funding, and supply robotic agency Suzhou AGV Robotic Co. raised $four.38 million in seed funding.
Singapore-based heavy-duty AMR maker Botsync closed an unspecified seed spherical. Though a lot of its portfolio is past the scope of this report, China Sensible Logistics Community Ltd. (also referred to as Cainiao) was acquired by Alibaba Group Holding for $1.three billion.
Healthcare programs get hold of investments in June 2020
In June 2020, healthcare robotics firms raised a minimum of $183 million. Beijing Tinavi Medical Expertise, which is creating an orthopedic robotic, had its preliminary public providing of $71 million on the STAR Market of the Shanghai Inventory Alternate.
HistoSonics, a non-invasive robotic remedy firm with places of work in Ann Arbor, Mich., and Minneapolis, Minn., raised $40 million in Collection C1 financing. Venus Idea Inc., a “medical aesthetic” firm in Toronto, raised $31 million.
Seattle-based surgical navigation agency Proprio obtained $23 million in Collection A funding. Toronto-based surgical robotics developer Titan Medical Inc. raised $18 million and established a U.S. analysis and growth unit.
Chirtae Ventures led an unspecified seed spherical for Poznan, Poland-based prosthetics maker Aether Biomedical. Fourier Intelligence acquired Guangdong, China-based exoskeleton and rehabilitation supplier Zhuhai RHK Healthcare.
Industrial automation acquires help
Industrial automation firms obtained greater than $65 million this previous month. Toyota AI Ventures was among the many individuals within the $25 million Collection B spherical of Palo Alto, Calif.-based Drishti Applied sciences Inc., which is working to use AI to manufacturing.
Additionally in June 2020, Tztek Expertise Co. acquired MueTec Automated Microscopy and Messtechnik GmbH for $20.2 million. Suzhou, China-based Tztek, which makes use of AI in manufacturing, plans to use Munich, Germany-based MueTec’s measurement applied sciences to enter the take a look at tools market.
Late final month, Los Angeles-based Elementary Robotics Inc., which is creating and software program for automated visible inspections, raised $12.7 million in Collection A funding. RIOS Corp. emerged from stealth with $5 million in enterprise capital. The Palo Alto, Calif.-based startup stated it has developed AI-driven dexterous robots for advanced duties in unstructured environments.
In Malaysia, wastewater remedy firm VentureTECH invested $three.5 million in industrial automation supplier TXMR Sdn Bhd and ACME Chemical compounds. Roseburg, Ore.-based wooden merchandise integrator Con-Vey Holdings has spun off 7robotics as an automation provider.
Cleansing and inspection robots discover June 2020 financing
Curiosity in service robots for cleansing and customer support, in addition to drones for industrial inspection, has risen because the pandemic has compelled social distancing. Korean telecommunications agency KT invested $41.four million into Hyundai Robotics. The Daegu, South Korea-based industrial automation supplier plans to develop service robots and sensible factories with KT.
Beijing-based i-KINGTECH raised $25 million for its inspection drones and AI services and products for sensible cities and utilities administration.
Yunjing Intelligence Expertise Co., also referred to as Narwhal, raised an unspecified quantity of Collection C funding. The Dongguan, China-based cleansing robotic supplier accomplished Collection B funding of $14 million in April.
DroneBase Inc., an aerial analytics service supplier in Santa Monica, Calif., obtained $7.5 million in Collection C funding. Riga, Latvia-based Aerones SIA raised $1.6 million in seed funding because it pivots from aerial drones to ground-based robots for cleansing wind generators.
Firm Six, a sibling to instructional robotic firm Sphero Inc. in Boulder, Colo., raised $three million to develop AI and robots to help first responders.
Shenzhen Youdi Expertise Co., which is creating indoor and outside service robots, raised an unspecified quantity in June 2020. Mumbai, India-based Peppermint raised seed funding for industrial cleansing robots.
Sensors, imaginative and prescient, and robotics programming full June 2020
Dresden, Germany-based Wandelbots GmbH, whose TracePen is designed to make it simpler to program robotic movement, raised a $30 million Collection B.
Seoul-based Bitsensing, which is creating radar sensors, has raised $5.eight million in pre-Collection A funding. Seattle-based wi-fi charging supplier WiBotic Inc. has obtained Collection A funding of $5.7 million.
SLAMcore Ltd. in London is creating “spatial AI” for robotic and drone navigation, raised $four.94 million. Pittsburgh-based lidar startup Psionic has raised $500,000 in seed funding.
Laptop imaginative and prescient suppliers SmartMore Expertise Co. in Hong Kong and Adaps Photonics Inc. in Guangdong, China, obtained an unspecified seed spherical and Collection A1 funding, respectively.
Editors’ word: What defines robotics investments? The reply to this straightforward query is central in any try and quantify them with some extent of rigor. To make funding analyses constant, repeatable, and beneficial, it’s crucial to wring out as a lot subjectivity as potential through 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 companies, company funding teams, angel traders, and different sources. Pals-and-family investments, authorities/non-governmental company grants, and crowd-sourced funding are excluded.
Robotics and clever programs 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), or software program subsystems and enabling applied sciences for robots, or providers supporting robotics units. For this evaluation, autonomous automobiles (together with applied sciences that help autonomous driving) and drones are thought-about robots, whereas 3D printers, CNC programs, and numerous kinds of “arduous” automation usually are 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 help units appearing within the bodily world, are excluded. For instance, this consists of “software program robots” and robotic course of automation. Many companies have a number of places in numerous nations. Firm places given within the evaluation are primarily based on the publicly listed headquarters in authorized paperwork, press releases, and so on.
Funding info is collected from quite a few private and non-private sources. These embody press releases from firms and funding teams, company briefings, trade analysts, and affiliation and trade publications, together with PitchBook and Tracxn. As well as, info comes from periods at conferences and seminars, in addition to throughout personal interviews with trade representatives, traders, and others. Unverifiable investments are excluded.