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Monumental raises $25M for bricklaying robots
Monumental’s bricklaying robots completed their first 15-m facade for an office and warehouse building in 2023. | Source: Monumental Monumental, a construction robotics startup, this week announced...
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Medical Microinstruments raises $110M to support surgical robot
Medical Microinstruments announced today that it raised $110 million in a Series C financing round to help commercialize its surgical robot. Fidelity Management & Research Company led the round....
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Omnirobotic obtains $500k to expand product offerings for manufacturers
AutonomyOS is designed to help automate manufacturing tasks. Source: Omnirobotic Omnirobotic Inc. today said it has closed on $500,000 in funding. The Laval, Quebec-based company said it plans to use...
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RobCo raises $42.5M for automation for small, midsize manufacturers
While most industrial automation is currently used by large manufacturers such as global automakers, robot developers and providers are building systems to make it more accessible. RobCo GmbH today...
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Figure AI raises whopping $675M to commercialize humanoids
We declared 2023 the year of the humanoid, but 2024 has already said, “Hold my beer.” You likely read leaked reports about this last week, but today Figure AI Inc. confirmed that it has raised $675...
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Robotics companies raised $578M in January
Robotics investments totaled $578 million in January 2024 as the result of 46 funding rounds. This figure was substantially lower than the trailing twelve-month average, but in line with January 2023’s...
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Recycling automation startup Glacier brings in $7.7M
Glacier’s recycling sorting robot is able to sort up 45 items a minute. | Source: Glacier Amazon.com Inc.’s Climate Pledge Fund recently invested in Glacier, an artificial intelligence and robotics...
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Cambrian Robotics obtains seed funding to provide vision for complex tasks
Cambrian is developing machine vision to give industrial robots new capabilities. Source: Cambrian Robotics Machine vision startup Cambrian Robotics Ltd. this week announced that it has raised $3.5...
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RIOS Intelligent Machines raises Series B funding, starts rolling out Mission...
RIOS works with NVIDIA Isaac Sim and serves the wood-products industry. Source: RIOS Intelligent Machines RIOS Intelligent Machines Inc. this week announced that it has raised $13 million in Series B...
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LG Electronics invests $60M in service robot maker Bear Robotics
LG Electronics is making a strategic investment move to expedite the advancement of Bear Robotics capabilities in service robotics, a key new business area of the company. | Credit: Bear Robotics LG...
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Viam brings in $45M to accelerate enterprise partnerships
Viam is a tool for developing software that comes with the cloud services necessary to prototype and build robots quickly. | Source: Viam Viam, which offers a software platform for smart machines,...
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Accenture invests in humanoid maker Sanctuary AI
Sanctuary’s Phoenix humanoid is being developed to support a variety of tasks. | Credit: Sanctuary AI In its Technology Vision 2024 report, Accenture said 95% of the executives it surveyed agreed that...
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Top 10 robotics news stories of March 2024
March 2024 was a non-stop month for the robotics industry. From events such as MODEX and GTC to exciting new deployments and product launches, there was no shortage of news to cover. Here are the top...
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Collaborative Robotics raises $100M in Series B for mysterious mobile...
Collaborative Robotics has been developing a system for trustworthy operations. Source: Adobe Stock, Photoshopped by The Robot Report Collaborative Robotics today closed a $100 million Series B round...
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Walmart makes multiyear agreement with Fox Robotics, takes a stake
The FoxBot ATL moves pallets in loading docks for Walmart. Source: Fox Robotics The word’s biggest retailers are continuing to add automation. Walmart Inc. today announced that it has entered into a...
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Sanctuary AI enters strategic relationship with Magna to build embodied AI...
The Phoenix humanoid robot is being developed to enable embodied AI and support general-purpose applications. | Credit: Sanctuary AI Humanoid robot developer Sanctuary Cognitive Systems Corp., or...
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Cybernetix Ventures partners with the Pittsburgh Robotics Network
Jennifer Apicella (left) of the PRN and Fady Saad (right) of Cybernetix Ventures have announced a strategic partnership. | Source: Pittsburgh Robotics Network Cybernetix Ventures yesterday announced a...
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March 2024 robotics investments total $642M
Chinese and U.S. companies led March 2024 robotics investments. Credit: Eacon Mining, Dan Kara Thirty-seven robotics firms received funding in March 2024, pulling in a total monthly investment of $642...
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Serve Robotics raises $40M with IPO to expand Uber Eats deliveries
Serve Robotics mobile robots maneuver on the sidewalk to make local deliveries. | Credit: Serve Robotics Serve Robotics Inc. went public on the Nasdaq yesterday under the symbol “SERV,” opening at...
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Robotics investment rebounds in February 2024, totaling $1.9B
Robotics investments rose in February 2024. Sources: Unitree, Dan Kara Robotics investments equaled $1.9 billion in February 2024, the result of 51 funding rounds. Last month’s figure was the largest...
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