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HomeRoboticsMarch 2023 Robotics Investments Total US $526 Million

March 2023 Robotics Investments Total US $526 Million

Robotics investment for May 2023 amounted to $686 million, the result of 61 funding rounds. Total robotics investment for January 2023 through May 2023 equals approximately $4 billion.

May 2023 Robotics Investments Total $686 Million

May 2023 robotics funding equaled $686 million (See Table 1, below or download Table 1 HERE), the result of 61 investments. With the May investments, the 2023 robotics funding comes to approximately $4 billion.

Table 1: May 2023 Robotics Funding and Investment

Company Name Amount Type Country Tech-Prod-Services Description
Abbott Robotics (Expert Robotics) Estimate Other China Automated Guide Vehicles Abbot Robotics develops autonomus guided vehicles to clients in the photovoltaic, lithium battery and semiconductor industries.
ADASKY $30,000,000 Series B Israel Sensors / Sensing Systems, Video / Vision / Imaging, Software ADASKY builds far-infrared sensor and intelligent thermal sensing technologies for autonomous electric vehicles.
AirMatrix Estimate Other Canada Software AirMatrix develops drone logistics software for the autonomous operation of commercial drones.
AMP Robotics $8,000,000 Series C USA Articulated Robots, Sensors / Sensing Systems AMP Robotics offers robotics solutions for sorting and other applications for the recycling industry sector.
ANYbotics $55,780,288 Series B Switzerland Quadrupeds ANYbotics specializes in the development of advanced legged robots for industrial inspection.
Ascento $215,389 Other Switzerland Outdoor Mobile Platforms, Sensors / Sensing Systems Ascento offers autonomous outdoor security patrol robots as a service.
AutoCore Estimate Series A China Software AutoCore is a provider of intelligent middleware for automotive appliations, including autonomous vehicles.
Blue Ocean Robot Estimate Series B China Indoor Mobile Platforms, Software Blue Ocean Robot is a provider of mobile robots and management systems for logistics operations.
Bosin Technology Estimate Series A China Gantry Robots Bosin Technology is a producer of heavy-duty gantry robotic systems.
Candela Estimate Other China Indoor Mobile Platforms Candela is a robotic hardware and software design company.
Changyao Innovation Estimate Other China Home Care / Lawn Care / Pool Care Changyao Innovation manufacturers robotic lawn mowers.
Contoro Robotics $6,000,000 Other USA Mobile/Fixed Telepresence, Human Robot Interaction \ Haptics Contoro Robotics develops robotics teleoperation systems.
Didi Woya Estimate Other China Autonomous Transportation Systems, Sensors / Sensing Systems, Software Didi Woya develops technologies for self-driving vehicles.
Drobot $25,000 Other USA Indoor Mobile Platforms Drobot is developing affordable autonomous mobile robots.
ecoRobotix $51,673,897 Series B Switzerland Sensors / Sensing Systems ecoRobotix provides AI powered plant-by-plant recognition and ultra-high precision crop treatment.
EnerComp Solutions $316,684 Seed India Drones, Operator Services – UAVs, Data Acquisition / Processing / Management EnerComp Solutions is a drone manufacturing, services, and AI tech startup.
Foretellix $43,000,000 Series C Israel Sensors / Sensing Systems, Software Foretellix develops intelligent automation and analytic tools to orchestrate and monitor driving scenarios including edge cases for deployment of ADAS & autonomous vehicles.
Freespace Robotics $250,000 Pre-Seed USA Automated Storage & Retrieval Systems Freespace Robotics is a warehouse automation company that provides automated storage and retrieval systems.
Gaussian Robotics Estimate Other Singapore Indoor Mobile Platforms Gaussian Robotics produces autonomous floor cleaning robotics.
GITAI $28,715,666 Series B Japan Sensors / Sensing Systems, Software, Controllers GITAI develops remote controlled robots to replace astronaut’s operations in commercial space stations.
Hanyang Technology $20,000,000 Series A China Outdoor Mobile Platforms Hanyang Technology produces autonomous mobile robots for consumer and commercial applications.
HKT Robot Estimate Other China SCARA Robots, Actuators / Motors / Servos HKT Robot offers industrial robotis, servo drives, motors and more.
Hong Jing Drive Estimate Series B China Sensors / Sensing Systems, Software, Microcontrollers / Microprocessors / SoC Hong Jing Drive provides a computing platform for autonomous vehicles.
Human in Motion Robotics $10,000,000 Series A Canada Exoskeletons, Rehabilitation / Therapeutic Systems Human in Motion Robotics develops a wearable lower-limb exoskeleton system.
Hydromea $2,182,429 Other Switzerland Unmanned Underwater Vehicles, Operator Services – UUVs Hydromea provides submerged asset inspections services using remote controlled underwater drone platforms.
i-KINGTEC Estimate Series C China Drones i-KINGTEC is a developer of intelligent industrial drones and UAV systems.
ideaForge Estimate Other India Drones IdeaForge is a drone manucaturing company for mapping, security, and surveillance applications.
Intramotev $200,000 Other USA Outdoor Mobile Platforms, Sensors / Sensing Systems, Software Intramotev manufactures autonomous battery-electric railcars.
KEMARO AG Estimate Other Switzerland Indoor Mobile Platforms KEMARO AG produces autonomous mobile robots for industrial cleaning.
Kiwibot $6,083,498 Other USA Outdoor Mobile Platforms Kiwibot designs and manufactures a fleet of mobile robots used for food delivery on college campuses.
Kossi $14,470,523 Series B China Controllers, Actuators / Motors / Servos, Articulated Robots Kesi specializes in motion controllers and servo drives for robotics systems.
LoopX Estimate Other Canada Sensors / Sensing Systems, Controllers, Software LoopX offers system solutions for autonomous vehicles, mining equipment manufacturers, and mining technology companies.
MeBotX Estimate Series A China Exoskeletons MeBotX produces robotic exxoskeletons.
Miso Robotics Estimate Other USA Articulated Robots, Other Industrial Miso Robotics provides robotics and intelligent automation solutions to the commercial foodservice industry.
Mocang Robot $2,854,044 Seed China Indoor Mobile Platforms Mocang Robotics produces intelligent storage robots for warehouse operations.
Moon Surgical $55,400,000 Series B France Surgical Systems Moon Surgical develops surgical robotics systems robotic featuring collaborative and adaptive robotics.
Pashoot Robotics $1,500,000 Pre-Seed Israel Collaborative Robots Pashoot Robotics is developing robots for manufacturing that understand and adapt to their environment, using computer vision and AI.
PuduTech Estimate Series C China PuduTech produces autonomous delivery, cleaning and disinfection robots for the home care, food service, and catering industries.
Quantum Systems $20,000,000 Other Germany Drones Quantum-Systems develops advanced multi-sensor, unmanned aerial vehicles that collect aerial intelligence.
Realman Estimate Series A China Collaborative Robots Realman focuses on the research, development, manufacture, and marketing of ultra-lightweight humanoid robotic arms.
Saha Robotics $3,000,000 Seed Turkey Indoor Mobile Platforms Saha Robotics provides autonomous, cloud connected, mobile robots for delivery applications.
Seaweed Generation $365,467 Other UK Unmanned Underwater Vehicles Seaweed Generation is a developer of robotic technologies for seaweed cultivation systems..
Senior Automation Estimate Other China Autonomous Transportation Systems Senior Automation focuses on the research and commercialization of driverless truck technology for logistics applications.
Slip Robotics $10,646,078 Other USA Indoor Mobile Platforms Slip Robotics produces autonomous mobile robots used for unloading trucks.
sliQue Robotics Estimate Seed USA Indoor Mobile Platforms sliQue Robotics produces mobile autonomous robots for delivery and cleaning applications.
Sniffer Robotics Estimate Seed USA Operator Services – UAVs, Data Acquisition / Processing / Management Sniffer Robotics provides drone based services for detecting land-based methane leaks and quantifying emissions.
Sphaira Estimate Other Germany Indoor Mobile Platforms Sphaira Medical produces autonomous patient mobility platforms.
StreetDrone $212,629 Other UK Software StreetDrone is a full-stack software company with particular expertise in driverless solutions for low-speed and specialist operating domains.
Tefa Robotics Estimate Seed South Korea Software Tefa Robotics creates low-code solutions for industrial robot control.
Urban Ray Estimate Pre-Seed Germany Drones, Batteries / Power Supplies Urban Ray offers last-mile parcel deliveries by drones with automated landing and storage stations on the ground.
Vantage Robotics $20,000,000 Other USA Drones Vantage Robotics produces unmanned aerial vehicles for defense and industrial applications.
Vantage Robotics Estimate Other USA Drones Vantage provides robust unmanned aerial vehicles for use in applications critical to national security and secure infrastructure management.
Vemcon $6,435,351 Other Germany Sensors / Sensing Systems, Software, Controllers Vemcon produces machine control solutions – joysticks, cover driver assistant systems, and virtual operator technologies – that enable autonomously operating machines.
Voyager Technology $14,391,181 Series B China Sensors / Sensing Systems, Video / Vision / Imaging, Software Voyager Technology is a provider of advanced driving assistant systems and autonomous driving systems solutions.
WARGdrones Estimate Seed Germany Drones WARGdrones creates automated drone solutions for Explosive Ordnance Disposal and Counter-Improvised Explosive Device (C-IED) operations.
Wingcopter $43,648,585 Other Germany Drones Wingcopter is a manufacturer of unmanned, eVTOL, fixed-wing aircrafts for commercial and humanitarian applications.
Xianwei Medical Estimate Other China Surgical Systems Xianwei Medical is a manufacturer of ophthalmic surgical robots.
Xin Yihua (Sineva Robot) Estimate Seed China Indoor Mobile Platforms Xin Yihua (Sineva Robot) offers autonomus, mobile robots for a variety of commercial and industrial tasks.
Yunxiang Commercial Estimate Seed China Indoor Mobile Platforms Yunxiang Commercial is a developer of commercial cleaning robots for indoor spaces.
Zhihui Robot Estimate Seed China Articulated Robots, Software Zhihui Robot offer robotics systems for spray painting applications.
Zhiyuan Robotics Estimate Seed China Humanoids / Bipeds Zhiyuan Robotics develops and produces general-purpose, intelligent, humanoid robots and other products.

Companies based in China received the most number of rounds (23) and the greatest investment amount (@ $257M). See Figure 1, below. Swiss firms also received substantial funding ($111M), followed by Israel ($75M), Germany ($72M), and the USA ($70M).

Makers of solutions based on autonomous mobile robots (AMRs) continue to attract new investment. May 2023 robotics investments were notable for the large number of rounds into producers of AMR solutions., with funding amounts ranging widely. Slip Robotics, Blue Ocean Robot, PuduTech, Saha Robotics, Xin Yihua (Sineva Robot), and Candela serve as examples.

Providers of drones, drone enabled analytic services and enabling technologies also continue to attract the attention of the investment community. For example, Vantage Robotics, i-KINGTEC, and Quantum Systems each received $20 million in funding, with many other companies attracting lesser amounts.

May 2023 Robotics Investments

Figure 1: May 2023 Robotics Investment by Country

Series B rounds accounted for many sizable investments (Figure 2, below). Moon Surgical ($55M), ecoRobotix ($52M), ADASKY ($30M), GITAI ($28M), Blue Ocean Robot ($25M), AutoCore ($25M), Hanyang Technology ($20M), Kossi ($14M), Voyager Technology ($14M), and Human in Motion Robotics ($10M), serve as examples.

May 2023 Robotics Investments

Figure 2: May 2023 Robotics Funding Amounts by Investment Type

May 2023 Robotics Investments

Figure 3: May 2023 Robotics Funding Amounts by Investment Number and Amounts

Editor’s note: What defines robotics investments? The answer to this simple question is central in any attempt to quantify them with some degree of rigor. To make investment analyses consistent, repeatable, and valuable, it is critical to wring out as much subjectivity as possible during the evaluation process. This begins with a definition of terms and a description of assumptions.

Investors and investing
Investment should come from venture capital firms, corporate investment groups, angel investors, and other sources. Friends-and-family investments, government/non-governmental agency grants, and crowd-sourced funding are excluded.

Robotics and intelligent systems companies
Robotics companies must generate or expect to generate revenue from the production of robotics products (that sense, analyze, and act in the physical world), hardware or software subsystems and enabling technologies for robots, or services supporting robotics devices. For this analysis, autonomous vehicles (including technologies that support autonomous driving) and drones are considered robots, while 3D printers, CNC systems, and various types of “hard” automation are not.

Companies that are “robotic” in name only, or use the term “robot” to describe products and services that do not enable or support devices acting in the physical world, are excluded. For example, this includes “software robots” and robotic process automation. Many firms have multiple locations in different countries. Company locations given in the analysis are based on the publicly listed headquarters in legal documents, press releases, etc.

Funding information is collected from a number of public and private sources. These include press releases from corporations and investment groups, corporate briefings, market research firms, and association and industry publications. In addition, information comes from sessions at conferences and seminars, as well as during private interviews with industry representatives, investors, and others. Unverifiable investments are excluded and estimates are made where investment amounts are not provided or are unclear.



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