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Fifty-four producers of robots and robotics enabling technologies raised funding in September 2024, pulling in a total of $3.7 billion. This is the highest monthly funding amount for 2024.
September’s investment exceeded June 2024’s total – the previous monthly leader – by over $1 billion and was more than 2.5 times the 12-month trailing average of $1.4 billion. The total investment targeted to robotics companies for January through September 2024 equals approximately $14.6 billion.
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The largest single robotics investment in September was a $2.2B post-IPO debt round from Aptiv, a developer of autonomous driving technologies. Aptiv’s funding accounted for nearly 60% of the monthly total.
Other companies attracting significant investment in September 2024 include Quicktron Robotics ($100M for mobile robots), Mendaera ($73M for robotic interventional platform), Seegrid ($50M for mobile robots), Quantum Systems ($40M for drones) and Pyka ($40M for autonomous electric aircraft).
Continuing a trend, makers of humanoid robots continued to attract sizable investment. Example companies receiving sizable funding amounts in September 2024 include Agibot, Unitree Robotics, Booster Robotics (Accelerating Evolution), Xinghaitu, Yobotics, and navel robotics.
Companies located in the United States and China received the majority of the September 2024 investment rounds with 17 and 14, respectively. Aptiv’s $2.2B round was large enough to boost Ireland into first place among countries receiving September 2024 investments. Firms based in China attracted the second most funding (approximately $1.2B), while companies in the U.S. secured a total of $335 million.
All funding classes were represented among September 2024’s investments. For both the total number of investments and the overall amount of funding, most rounds and investment amounts fell into the ‘Other’ category, a blanket term for investment types that fall outside the typical stages of funding that businesses go through.
CompanyAmountRoundCountryTech
AgEagle Aerial Systems$6,500,000OtherUSADrones
AgibotEstimateSeries AChinaHumanoids
AIDIN ROBOTICS$11,226,313Series BKoreaEnd Effectors
Aptiv$2,200,000,000OtherIrelandAutonomous Vehicles
Booster Robotics$14,043,958SeedChinaHumanoids
Bot car$20,000,000SeedUSAAutonomous Vehicles
Darkhive$21,000,000Series AUSADrones
Delta Robotics$30,000Pre-SeedUSAMotion Control
Diden RoboticsEstimateSeedKoreaCollaborative Robots
DRONUSEstimateOtherItalyDrones
Enigma Aerospace$120,000Pre-SeedUSADrones
Epica International$18,000,000OtherUSAArticulated Robots
Forterra$75,000,000Series BUSASensors
Four Growers$9,077,219OtherUSAIndoor Mobile Robots
Gideon BrothersEstimateOtherCroatiaIndoor Mobile Robots
Hong Jing DriveEstimateSeries CChinaSensors
HonuWorxEstimateSeedUKUnderwater Drones
Bolted in$16,677,118Series AFranceSensors
Inspire-Robots$14,262,690Series BChinaGrippers
Jaipur Robotics$120,000Pre-SeedSwitzerlandVision
Leap.AI (Leap Automation)$10,568,802OtherUKCollaborative Robots
Maritime Robotics$12,000,000OtherNorwayUnmanned Surface Vehicles
MatternetEstimateOtherUSADrones
Mendaera$73,000,000Series BUSASurgical Robotics
Mengshi TechnologyEstimateSeedChinaSurgical Robotics
navel robotics$752,742SeedGermanyHumanoids
Navflex$5,550,000OtherUSAAutonomous Forklifts
NoematrixEstimateSeedChinaSoftware
Open Ocean Robotics$591,960OtherCanadaUnmanned Surface Vehicles
Optimotive$2,000,000SeedCanadaOutdoor Mobile Robots
Origin Robotics$2,559,916SeedLatviaDrones
Pickommerce$3,400,000SeedIsraelCollaborative Robots
Puncture RoboticEstimateSeries BChinaSurgical Robots
Pyka$40,000,000Series BUSADrones
Quantum Systems$40,538,674Series BGermanyDrones
Quicktron Robotics$100,000,000Series DChinaOutdoor Mobile Robots
Reactive Robotics$2,779,838OtherGermanyRehabilitation Robots
RoboligentEstimateOtherUSACollaborative Robots
Seegers$50,000,000 Series DUSA Indoor Mobile Robots
Smooth Ag$100,000Pre-SeedUSAOutdoor Mobile Robots
Sniffer Robotics$535,389OtherUSAExoskeletons
Social Hardware International (Eclipse)$400,000SeedIndiaArticulated Robots
Swap Robotics$8,877,238OtherCanadaOutdoor Mobile Robots
THOTH$7,483,403SeedKoreaCollaborative Robots
TrashBoticsEstimatePre-SeedIndiaArticulated Robots
Triorb$1,757,515Series BJapanIndoor Mobile Robots
Unitree RoboticsEstimateSeries CChinaHumanoids
W8less$500,000OtherUSASoftware
WARGdronesEstimatePre-SeedGermanyDrones
Weier Intelligent DriveEstimateOtherChinaMotion Control
XinghaituEstimateOtherChinaHumanoids
Xingmai InnovationEstimateSeries AChinaUnderwater Drones
Yihang.aiEstimateSeries CChinaSensors
YoboticsEstimateOtherChinaHumanoids
What defines robotics investments?
The answer to this 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.
Investments
Robotics investments should come from venture capital firms, corporate investment groups, angel investors, and other sources. Friends-and-family investments, government/non-governmental agency grants, and crowdsourced funding are excluded.
Robotics 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.
Verification
Funding information is collected from several 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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