Robotics investments are gaining pace after post-pandemic slowdown
New numbers out of Crunchbase this week see robotics investments as soon as once more trending in a constructive route. The earlier two years offered a regular drop in total numbers, following a file 2021 pushed by pandemic-fueled job loss. As we head into the second half of the 12 months, 2024 is on monitor to beat final 12 months’s numbers.
The primary six months of the 12 months have seen $4.2 billion invested within the class, placing this 12 months nicely on monitor to beat 2023’s 12-month whole of $6.8 billion. The quantity continues to be nicely shy of the COVID peak of 2021, which introduced in $17.7 billion, and even 2022’s $10.3 billion.
This does, nonetheless, sign restoration from the one-two punch of financial headwinds and post-pandemic reopenings, which introduced the trade crashing again all the way down to Earth.
The white-hot humanoids class continued to achieve steam. Determine led the way in which there with an enormous $675 million Collection B. That increase alone moved the needle a bit. The opposite notable humanoid funding arrived by means of 1X. The Norwegian agency, which counts OpenAI as an early backer, introduced in a wholesome $100 million.
Medical robots have been having a great 12 months, due to massive rounds from MMI and Rono Surgical, however as soon as once more, labor substitute is the largest driver, as areas like warehouses and factories look to automate jobs they’re having issue filling.
These calls for aren’t going away anytime quickly, whereas continued funding pleasure round all issues AI is more likely to additional bolster robotic startup progress. Sadly, it might take one other pandemic to see issues attain 2021 ranges.
