Robotics field is growing at a faster pace. With this faster pace, it is also attracting a series of funding and financial investments. Let’s go through some of the important investments in robotics companies in November 2019.
Amount Funded: $5 million
Transaction Name: Seed Funding
Lead Investors: NextGen Venture
Dusty Robotics has raised a Seed Funding of $5 million, lead investor being NextGen Venture Partners along with participation of Root Ventures, Cantos and Baseline Ventures. Dusty Robotics is a designer of robotics format intended for construction automation. The organization’s robotics technology improve construction productivity by automating critical-path tasks on development places of work with the most recent innovation, empowering construction laborers to make better and more fulfilling employment by expanding efficiency.
Amount Funded: 250 million euros
Lead Investors: ABN AMRO
Online grocery store Picnic has brought 250 million euros up in another financing round. The current investors invest into the organization and ABN AMRO gives another loan. The organization needs to utilize this money to manufacture a robotised distribution center of 42,000 square meters in Utrecht. The center will work with more than a hundred completely mechanized sorting, packing and distribution machines uniquely created by Picnic.
Amount Funded: €6M
Transaction Name: Seed Financing
Lead Investors: Redalpine
Enway, a Berlin, Germany-based organization that assembles the next generation of cleaning services, brought €6M up in seed financing. The round was driven by Redalpine with support from Berlin Technologie Holding and various Silicon Valley business angels including Moving Capital, an investment club of UBER Alumni, and existing financial specialists Atlantic Labs and b10 | Venture Capital. The organization expects to utilize the funds to keep on growing its advancement endeavors.
Enway is advancing a completely self-driving framework intended to work vehicles without a human driver. The vehicle can control, brake, accelerate, react to events and effectively clean all environments productively. The innovation platform is intended for various sorts of precision navigation vehicles running from three wheelers to large highly maneuverable trucks.
Amount Funded: $70K
Transaction Name: pre-seed round
Lead Investors: Artesian VC
DroneTerminus raised a funding of $70K in a pre-seed round by Artesian VC. The DroneTerminus is a package receptacle for autonomous delivery drones. A DroneTerminus will be arranged and associated with a beginning center point just as interconnected to all different DroneTerminus modules shaping a communication web.
Amount Funded: $500K
Transaction Name: Grant round
Lead Investors: 43North and Techstars
Robodub has raised funding of $500K from a Grant round. 43North and Techstars are the most recent investors in Robodub. Robodub is rethinking the very meaning of a multi-rotor ramble. They have built forefront Morphing drone innovation which enables the drone to change its shape in mid-trip for increased agility, safety and enhanced dynamic load balancing capability. They are focusing on counter-drone, package delivery and military applications.
Amazon.com Inc. intends to build an Amazon Robotics development hub and make 200 innovation and advanced manufacturing occupations in Westborough, Mass. The organization said it will put more than $40 million in the new site, which will open in 2021, as it develops its engineering, manufacturing, support, and test teams in the state, which is now home to more than 150 robotics organizations.
The new 350,000-sq.- ft. office, created by Framingham, Mass.- based Atlantic Management, will include corporate workplaces, research and development labs, and manufacturing space. This will be notwithstanding Amazon Robotics’ present site in North Reading, Mass.
Amount Funded: $16 million
Transaction Name: Series A funding
AMP Robotics Corp. has raised Series A funding of $16 million, which it intends to use to scale up operations and create artificial intelligence products to make recycling increasingly conservative. AMP Robotics’ fast Cortex system is intended to automate the identification, sorting, and processing of material streams to extract most extreme value for organizations that reuse municipal solid waste, e-waste, and construction and demolition materials. The organization said its robots reliably pick twice as quick as people and with a lot more prominent precision.
Transaction Name: Seed funding
Lead Investors: Forward.one and Value Creation Capital
SenseGlove has pulled in an undisclosed amount of financing from Forward.one and Value Creation Capital to accelerate product development and international sales of its haptic glove. SenseGlove, situated in the Netherlands, as of late launched the second version of its haptic glove for virtual and augmented reality (VR/AR), which gives both tactile- and force-feedback, as well as accurate motion-tracking.
Amount Funded: $36 million
Lead Investors: Chasing Value Asset Management Inc
XACT Robotics has finished its most recent financing round totaling $36 million. The organization means to utilize the returns to help the commercialization and continued improvement activities on the side of the XACT Robotic System, which likewise has CE Mark.
The current financing round included driving leading investors in the surgical robotics space, such as Chasing Value Asset Management Inc. (CA, USA) who previously held positions in MAKO Surgical Corp., Mazor Robotics, and most recently Corindus Vascular Robotics. They join the current shareholders of the company including Shizim Group and MEDX Ventures Group.
Amount Funded: $24million
Transaction Name: Series A venture
Lead Investors: Accelmed group
Diagnostic Robotics raised an early stage Series A venture of $24million by Accelmed group, Mivtach Shamir, Dr. Judith Richter and Dr. Kobi Richter, David and Daniel Arison, Maverick Ventures Israel, Alpha Capital, and Mark Siegel, an executive at Cedars-Sinai Medical Center and XPRIZE Foundation. Diagnostics Robotics manages load management at medical clinics and expects to abbreviate waiting times. The organization’s aim is to anticipate the load of time utilizing data assembled constantly from each move making place in the framework, and to set up the hospital ahead of time so as to ease or manage with the load.