PrivCo Logo

Funding News: Robotics 2022

Funding News: Robotics 2022
June 28, 2022

The Daily Stack is a daily private market insights newsletter by PrivCo, a private company intelligence platform. Read our previous insights.
If you have friends who would enjoy reading this newsletter, please forward this email to them.

Despite the shock of the pandemic, the turbulent two years that followed, and the recent slowdown in investor funding, we have seen one tech sector remain strong – robotics. According to TechCrunch, venture capitalists invested more than $17BN into robotics start-ups in 2021, tripling investment in the sector in 2020. One factor explaining the increase is labor shortages, after more than 47M workers quit their jobs in 2021 alone – a.k.a. The Great Resignation – and further fueled companies' drive to automated solutions.

Here are a few of the robotics start-ups that caught our eye in recent news:

A company working to develop human-like intelligent robots designed to serve as personal assistants, Sanctuary Cognitive Systems Corporation announced it raised $75.5M in its first (and oversubscribed) funding round in March led by Bell Canada, with participation from workday Ventures, Verizon Ventures, SE Health, Magna International,Export Development Canada, and Evok Innovations.

The French mobile robot developer Exotec, which provides warehouse robots, has raised a whopping $335M in Series D funding at a valuation of $2BN led by Goldman Sachs in January 2022. To date, Exotec has raised a total of $446M and is a current leader in global warehouse robotics.

Bear Robotics raised $81M in Series B funding in March to accelerate the use of artificial intelligence-based automated robots that shuttle food, dishes and drinks as well as provide customer services in the hospitality industry. Bear Robotics has thus far raised $126M, including a $32M Series A funding led by SoftBank Capital in 2020.

With technology advancing at rapid speed, robotics is no longer being viewed as a pipe dream but as a very real and urgent solution to industries in medical, manufacturing, food, and warehouse fulfillment. Despite being slightly behind last year’s faster pace, more than $5BN has been raised in funding for robotics start-ups in the first five months of 2022. As the technology improves and robots become cheaper to produce, this tech sector finds itself propelled into mainstream investment portfolios, keeping VCs on their toes.

App Privacy in Post-Roe
Period-tracking apps come under scrutiny for data privacy.
[WSJ]
Robinhood vs. meme-stocks
House Committee report on Gamestock fiasco is pretty fascinating.
[TechCrunch]

 
Since last week, PrivCo has added:
2,006 Companies | 238 Funding Activities | 165 M&A Deals

Funding & Deal Highlights:
 

Evinced raises $38MM from Insight Partners 

Automation • Round B • Los Altos, CA
 

Global Premier raises $11MM  from Triangle

Fertility • Round C • Irvine, CA
 

Tapcheck raises $20MM from PeakSpan

Fintech • Round A • Tarzana, CA
 

Vibrant Planet raises $17MM from Ecosystem 

Analytics • Seed • Incline Village, NV 
 

Workmotion raises $50MM from Canaan

Compliance • Round B • Berlin, Germany
 

Apptronik raises $14.6MM from Capital Factory 

Robotics • Seed • Austin, TX
 

Synop raises $10.1MM from Obvious Ventures

Freight • Seed • Carmel, IN
 

August Health raises $15MM from Matrix

Platform • Round A • San Francisco, CA
 

Amogy raises $46MM from SK Innovation

Energy • Equity • Brooklyn, NY
 

Tibit raises $30MM from Liberty 

Wireless • Round C • Petaluma, CA
 

Progress Learning acquires Horizon

Training • Acquisition • Laguna Beach, CA
 

Degreed acquires Learn In

EdTech • Acquisition • Bountiful, UT 

Forward to a Friend Forward to a Friend
Not a subscriber yet? Sign up here!
Have an interesting topic you want us to include. Let us know!
Website
Twitter
LinkedIn
Copyright © 2022 PrivCo Media, LLC. All Rights Reserved.
Unsubscribe | PrivCo.com | Contact Us
PrivCo Logo

Company

HomeSign inContactPricing