$160 million for VC-Funded robotic projects in 2011

… One roboticist’s opinion why VC funding for robotics is a tough nut to crack: projects have large capital requirements, few potential acquirers and little “Google-scale” IPO prospects.
… $160 million is a far cry from the $6.9 billion that went into 997 VC funded deals in web and Internet startup companies in 2011.
… Most money went to a company that uses a robot to provide image-guided technology for hair follicle harvesting.
… Read about all 14 companies here.
… This list doesn’t mention the many acquisitions, strategic partnerships and mergers that occurred. The most recent two are the $18 million acquisition of French Cybernetix by Technip, an oil resources and ROV service provider to the industry, and the $100 million acquisition of Aldebaran Robotics by Softbanks (see preceding article).

Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.

Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.