Robotics is flourishing in the global tech market with multiple types of robots for several industries such as 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. 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. Thus, let's explore some of the recent top robotics funding as well as investment in robotics in January 2022.
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. This robotics funding will help the company to set up a large robotics manufacturing facility across the world efficiently.
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.
SESTO Robotics is a leading Singapore-based autonomous mobile robotics company that has successfully grabbed US$5.7 million in robotics funding from multiple investors like SEEDS Capital, TRIVE, and many more. It has raised such valuable investment in robotics for its development in AMR solutions to scale overseas as per the safety requirements in Europe. It has decided to use this robotics funding for improving the capability to support overseas partners as well as invest in digital marketing.
Exotech has received one of the most valuable investments in robotics worth US$335 million from a Series D round. It is known for selling a complete end-to-end solution to transform a regular warehouse into a partially automated logistics platform. It offers low-profile robots that roam around warehouses autonomously known as Skypods and Skypickers to reduce the workload of human employees. It has a plan to utilize this funding in robotics by hiring 500 engineers by 2025 and continue to push the target audience in North America.
Foxglove is known for raising one of the top robotics funding in January 2022 worth US$3.7 million in seed funding. It is focused on creating flexible and fully integrated developer tools for the robotics industry. The mission was to create robotics development tools to boost robotics development with two kinds of products known as Foxglove Studio and Foxglove Data Platform. It will utilize this investment in robotics through expanding the extensions APIs, launching more features, as well as adding support for additional robotics frameworks.
Doosan Robotics has successfully grabbed US$33.7 million in robotics funding in January 2022 with its introduction of a robotic camera system. The robotics investment is led by Praxis Capital Partners and Korea Investment Partners. It has a plan to utilize this funding in robotics through an increase in research and development as well as aiming to attract new partners in the nearby future. It will enhance the competitiveness of new products and software with proprietary technology. Doosan is popular for its collaborative robots to run the gamut from manufacturing and research to Dr.Presso, the coffee-making barista robot.
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