The ongoing crisis is accelerating the massive adoption of robotics.

The robotic revolution in modern-day industries is gaining much prominence. A large number of companies have deployed an advanced version of software bots, or RPA solution to perform repetitive tasks seamlessly. This robotics method automates processes and helps human employees to concentrate on valuable tasks. The robotics industry has been experiencing considerable growth for last the few years, as the adoption of robots continues increasing across industries. In the time of the COVID-19 crisis, robots emerge as an effective solution to keep people away from getting infected to the virus.

When it comes to robotics funding, robotics companies are luring more VC investment in the middle of the ongoing crisis and economic slowdown. Let's have a look at the top robotics funding in August 2020.

Attabotics

Funding Amount: US$50 million

Transaction Type: Seriec C

Lead Investor(s): Ontario Teachers' Pension Plan

Attabotics, a Canada-based robotic warehousing and fulfillment system provider, raised US$50 million in Series C funding round, led by the Ontario Teachers' Pension Plan Board, Canada's largest pension plan. As the company specializes in the fields of industrial automation, robotics, and software engineering, the new funds will be used to further expedite its commercialization, invest in new technologies, scale manufacturing operations, and more. Attabotics currently has six live installations in North America and serving customers across retail, B2B, food and beverage, and one of the largest luxury retailers in the US, Nordstrom.

ICON

Funding Amount: US$35 million

Transaction Type: Series A

Lead Investor(s): Moderne Ventures

ICON is a developer of advanced construction technologies that employ a combination of software, robotics, and advanced materials to revolutionize homebuilding. The company has raised US$35 million in Series A funding round, led by Moderne Ventures, along with BIG-Bjarke Ingels Group, CAZ Investments, Citi, Crosstimbers Ventures, Ironspring Ventures, Next Coast Ventures, and others. This latest funding brings the ICON's total funding to US$44 million. Reportedly, the fund will stimulate the development of the company's printers, create a variety of home types and designs and enhance its core technology stack to further its mission of using enhanced construction technologies to advance humanity.

Ispace Technologies

Funding Amount: US$28 million

Transaction Type: Series B

Lead Investor(s): Incubate Fund

Ispace Technologies, a space resource exploration company, which develops micro-robots to locate the resources necessary to extend human life into outer space. As the company uses 3D printed and commercially off the shelf products (COTS) for rapid prototyping, it recently secured US$28 million in Series B funding round. The funding was led by Incubate Fund, Sparks Innovation for Future, Inc., Takasago Thermal Engineering Co., Ltd., and Mitsui Sumitomo Insurance Co., Ltd., which brings Ispace's cumulative total investment to nearly US$125 million. The company plans to use the funds toward the development of its commercial lunar lander for its first mission and second mission planned to launch in 2022 and 2023, respectively.

XYZ Robotics

Funding Amount: US$17 million

Transaction Type: Series A

Lead Investor(s): Source Code Capital

XYZ Robotics, an AI-driven robotic perception and manipulation technology developer for logistics and manufacturing automation, closed US$17 million in Series A funding round. Led by Source Code Capital, Gaorong Capital and Morningside Capital, the fund will fuel XYZ's research and development, business expansion, and operational capabilities, as well as large-scale deployment. The company builds autonomous robotic solutions for put wall sorting and goods-to-person picking. Its robot also sorts unorganized, random warehouse goods into groups of customer orders.

Fox Robotics

Funding Amount: US$9 million

Transaction Type: Series A

Lead Investor(s): Menlo Ventures

Fox Robotics, an early-stage startup working on warehouse automation, received US$9 million in Series A funding round led by Menlo Ventures. The latest round brings the company's total funding to US$13 million. According to Fox Robotics, the funds will enable it to grow its engineering, production and customer support teams so it can deliver more robots more quickly while keeping them and its customers happy and productive. The company values its team and is committed to sharing its successes with them.