Robotics corporations raised $578M in January 2024


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Robotics investments totaled $578 million in January 2024 as the results of 46 funding rounds. This determine was considerably decrease than the trailing twelve-month common, however consistent with January 2023’s determine of $523 million. 

The most important robotics funding in January 2024 was a $100 million spherical secured by Norway-based 1X, a developer of humanoids (See Desk 1 beneath). Chinese language humanoid developer Robotic Period raised $14 million in February.

Makers of autonomous cellular robots (AMRs) for agricultural operations have been nicely represented amongst February robotics investments. Examples embody Bluewhite ($39 million), Burro ($24 million), Saga Robotics ($11.5 million), farm-ng ($10M), and Ant Robotics ($2 million).

January 2024 Robotics Investments


1X$99,940,694Series BNorwayHumanoids

Accio Robotics$1,804,373SeedIndiaIndoor Cellular Robots

ADUSEstimateSeedKoreaAutonomous Autos

Aerones$4,824,832OtherUSAOutdoor Cellular Robots

Aniai$12,000,000SeedUSAOther Industrial

Ant RoboticsEstimateOtherGermanyOutdoor Cellular Robots

Automated Inspection Robotics$100,000Pre-SeedUSAOutdoor Cellular Robots

Bluewhite$39,000,000Series CIsraelOutdoor Cellular Robots

Burro$24,000,000Series BUSAOutdoor Cellular Robots

Chasing InnovationEstimateSeries BChinaUnmanned Maritime Programs

Connective$2,995,943SeedKoreaSurgical Robots

Ekso Bionics$4,600,000OtherUSAExoskeletons

Elroy Air$48,925,588OtherUSADrones

Farm-ng$10,000,000Series AUSAOutdoor Cellular Robots

Fieldwork Robotics$655,337OtherUKOutdoor Cellular Robots



Ganan TechnologyEstimateSeedChinaArticulated Robots

Guangdong Shi Robotic$14,113,628SeedChinaIndoor Cellular Robots

GUOZI$28,027,691OtherChinaMobile Robots

Human Contact Robotics$1,937,128SeedNorwayEnd Effectors, Video / Imaginative and prescient / Imaging

Illumo RoboticsEstimateSeedFranceArticulated Robots

Jewett Automation$1,500,000OtherUSAConsulting/Engineering

KC Robots (Zhejiang Kecong)$14,074,001Series AChinaControllers

LEM Surgical$25,886,677Series BSwitzerlandSurgical Robots

Neatleaf$4,000,000SeedUSAOther Industrial

Neocis$20,000,000Series DUSASurgical Robots

NextStep Robotics$400,000OtherUSARehabilitation Robots

Orbiba Robotics$200,000OtherTurkeyOutdoor Cellular Robots

ORCA-TECH$13,957,708Series BChinaUnmanned Maritime Programs


Qiangua Know-how$14,062,324SeedChinaAutonomous Autos

Robotic Period$14,026,819SeedChinaHumanoids

Robotic MetaEstimateSeries BChinaArticulated Robots


Saga Robotics$11,500,000OtherNorwayOutdoor Cellular Robots

Senior AutomationEstimateSeries BChinaAutonomous Autos

Normal Bots$2,000,000OtherUSACobots

Sunpure$14,104,571Series AChinaOutdoor Cellular Robots

ThayerMahan$20,000,000Series CUSAUnmanned Maritime Programs

Ugo$5,751,181OtherJapanIndoor Cellular Robots

Workr LabsEstimatePre-SeedUSASoftware

Xingchenhai (Starry Oceans)EstimateSeries AChinaDrones

Yunxiang Industrial$1,408,530SeedChinaIndoor Cellular Robots

Zhitong PrecisionEstimateOtherChinaMotion Management

Zhuoyi Clever Know-how$34,752,630Series BChinaDrones

Firms primarily based in China attracted the best funding quantity ($229 million), the results of 17 rounds (Determine 2, beneath). The main investments amongst Chinese language corporations included Zhuoyi Clever Know-how, a developer of drones and different lessons of unmanned techniques, autonomous truck developer Senior Automation, and GUOZI, a producer of AMRs.

Firms primarily based in the US raised $154 million in January 2024, whereas Norway, buoyed by the $100 million 1X funding, positioned third amongst international locations with $113 million in funding.

Determine 2: January 2024 Robotics Funding by Nation

Whereas Sequence B rounds attributed for many of the January investments, all funding varieties have been nicely represented in January 2024 (Determine 3 beneath).

Determine 3: January 2024 Robotics Funding by Funding Sort and Quantities

Editor’s be aware
What defines robotics investments? The reply to this straightforward query is central in any try to quantify them with some extent of rigor. To make funding analyses constant, repeatable, and invaluable, it’s essential to wring out as a lot subjectivity as doable through the analysis course of. This begins with a definition of phrases and an outline of assumptions.

Buyers and investing
Funding ought to come from enterprise capital corporations, company funding teams, angel buyers, and different sources. Associates-and-family investments, authorities/non-governmental company grants, and crowd-sourced funding are excluded.

Robotics corporations
Robotics corporations should generate or count on to generate income from the manufacturing of robotics merchandise (that sense, analyze, and act within the bodily world), {hardware} or software program subsystems and enabling applied sciences for robots, or companies supporting robotics gadgets. For this evaluation, autonomous automobiles (together with applied sciences that assist autonomous driving) and drones are thought-about robots, whereas 3D printers, CNC techniques, and varied forms of “arduous” automation are usually not.

Firms which are “robotic” in title solely, or use the time period “robotic” to explain services and products that don’t allow or assist gadgets appearing within the bodily world, are excluded. For instance, this consists of “software program robots” and robotic course of automation. Many corporations have a number of places in numerous international locations. Firm places given within the evaluation are primarily based on the publicly listed headquarters in authorized paperwork, press releases, and so on.

Funding info is collected from a number of private and non-private sources. These embody press releases from firms and funding teams, company briefings, market analysis corporations, and affiliation and business publications. As well as, info comes from periods at conferences and seminars, in addition to throughout personal interviews with business representatives, buyers, and others. Unverifiable investments are excluded and estimates are made the place funding quantities are usually not offered or are unclear.


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