The funding will be used to expand sales regions in North America, optimize and scale manufacturing, develop new software and hardware products, and launch into international markets.

Pre-trained on millions of picks from Covariant robots in warehouses around the world, the Covariant Brain enables robots to autonomously pick many SKUs.

Roboto AI announced that it has emerged from stealth with $4.8 million in Seed funding to build robotics development tools.

Companies offering unmanned aerial drones, usually coupled with drone-enabled data and analytics services, were particularly strong in February 2023.

Berkshire Grey is merging with SoftBank Group Corp in a deal valued at 24% more than the stock price at the end of trading on March 24, 2023.

On the podcast, we talk about the potential impact of the implosion of Silicon Valley Bank. Also this week: an interview with Rylan Hamilton, CEO and co-founder of 6 River Systems.

Plus One Robotics announced that it has raised $50M in Series C funding, bringing its total funding to date to almost $100M.

John Deere uses SparkAI’s human-in-the-loop technology on its autonomous tractors to resolve edge cases in real time.

Investment in companies working on autonomous driving technologies was particularly strong.

$230M in funding to expand U.S. manufacturing and hiring as demand rises for autonomous drones across public safety, defense, and infrastructure inspection.

Fulfil Solutions announced that it is emerging from stealth mode with $60 million in Series B financing for its grocery fulfillment system.

Everyday Robotics taught over a hundred wheeled, one-armed robots to clean cafeteria tables, separate trash from recycling and open doors. 

CaPow’s autonomous, battery-free, high-power energy eco-system frees robots from harmful Lithium-Ion batteries. Without robot downtime for charging, the company’s method reduces CapEx, OpEx, and carbon footprint.

The latest investment brings Third Wave Automation’s total funding since it was founded in 2018 to $70 million. 

The combined company has an intellectual property portfolio with 173 granted and 504 pending patents and a cash balance of over $315 million.

The layoffs will reduce cash burn and boost R&D spending to get a quality robotic surgery system “out the door fast.”

Phantom AI, based in Mountain View, California, aims to quickly democratize autonomous driving by advancing ADAS technologies.

December 2022’s 55 robotics investments totaled US $1.14B, a 7.7% increase over December 2021’s funding total.

Symbotic posted revenue of $206.3 million, a net loss of $68.0 million and an adjusted EBITDA loss of $16.3 million for the first quarter of fiscal 2023.

Machina Labs plans to use the funding to accelerate company growth to meet customer demands, and expand research and development. 

This is a $28 million increase from the $376 million it brought in during 2021. In 2022, UR brought in $326 million, while MiR brought in $77 million. 

Scythe Robotics said the funding will help it meet demand for the more than 7,500 reservations for its all-electric, fully autonomous M.52 mower.