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Robotics is one of the top emerging technologies of the modern era. At present, multiple robots are serving various industries like automobile, manufacturing, retail, and many more. Multiple robotics start-ups are coming up with innovative and unique robotic products and services to serve customers efficiently, especially, post-pandemic. Different investment companies are now investing in the field at different stages, right from seed funding and angel investors that help start an idea or buy private equities in well-established firms. Tech investors are looking for opportunities for effective investment in robotics through multiple Series A, B, C, etc. for sufficient funding in robotics for the nearby future. This article features the top 10 best robotics funding in the first quarter of 2022.
Bear Robotics raised US$81 million in Series B funding to accelerate the use of autonomous robots in the hospitality and service industry. To date, Bear Robotics has raised US$117 million, which includes a US$32 million Series A funding found led by SoftBank in 2020. It is one of the best robotics funding in the first quarter of 2022.
Sanctuary Cognitive Systems Corporation, a company working to develop human-like intelligence in general-purpose robots, announced it raised US$58.5 million in an oversubscribed Series A funding. Bell, Evok Innovations, Export Development Canada, Magna, SE Health, Verizon Ventures, and Workday Ventures contributed to the funding round.
RightHand Robotics, a supplier of autonomous robotic picking solutions for order fulfillment, announces that it has secured US$66 million in a Series C financing led by top growth investors: Safar Partners, a technology venture fund; Thomas H. Lee Partners L.P. ("THL"), an investor in automation and supply chain; and SoftBank Vision Fund 2, which is part of the SoftBank Group. It is one of the best robotics funding in the first quarter of 2022.
Gecko Robotics, a Pittsburgh, PA-based leader in robotics and industrial asset management software, raised US$73m in Series C funding. The round was led by XN with participation from Founders Fund, XYZ, Drive Capital, Snowpoint Ventures, Joe Lonsdale, Mark Cuban, Gokul Rajaram, and others.
Hot on the heels from its US$8 million fundraise just a few months ago, Diamond Age is back for a top-up, with a US$50 million Series A financing to continue its mission to make homeownership more affordable by using 3D printing and robotics technologies to make home construction significantly cheaper — a welcome change in a world where there's a 7-million-home shortage in the U.S. housing market.
Zomato acquires a 16.6% stake in food robotics startup Mukunda for US$5 Million. Acquisition to be done via subscription of 13,289 Series B1 compulsorily convertible preference shares and 10 equity shares of the startup. Zomato expects the acquisition to be completed in seven days. It is one of the best robotics funding in the first quarter of 2022.
Kiwibot, a company developing delivery robots, announced it raised US$7.5 million in Pre-Series A funding. The company also announced an expansion deal with Sodexo. Five investors participated in the funding round, including Sodexo, Headline, and House of Lithium. The funding will help the company further develop technology and expand the robots' reach across multiple college campuses and cities. To date, the company has raised a total of US$14 million.
Starship Technologies raises another US$42 million to fuel the growth of its fleet of self-driving delivery robots. Starship Technologies, one of the bigger players in the world of autonomous delivery robots — the small, boxy vehicles that self-drive around cities and closed campuses delivering food and other small items — has raised yet another round of funding, just 30 days since its last financial infusion.
Addverb Technologies is known for starting an innovation lab with several bases in Europe, the US, and India to come up with multiple solutions for all sorts of complicated problems related to the field of human-robotics collaboration. Thus, Reliance Retail Ventures Ltd. has taken up a 54% stake in this robotics company as a million-dollar investment in robotics— US$132 million.
Build with Robots is a well-known Albuquerque-based robotics company that has received US$5 million worth of funding in robotics from the Series A funding round. It is popular for deploying complete automated disinfection services to schools and many more places to protect people from infectious diseases. It offers an AMR (Autonomous Mobile Robot) known as Breezy One. It is one of the best robotics funding in the first quarter of 2022.
