Robohub.org
 

Funding trends: self-driving dreams coming true


by
06 November 2017



share this:


Participants and startups in the emerging self-driving vehicles industry (components, systems, trucks, cars and buses) have been at it for over almost 60 years. The pace accelerated in 2004, 2005 and 2007 when DARPA sponsored long-distance competitions for driverless cars, and then again in 2009 when Uber began its ride-hailing system.

As the prospects that self-driving ride-hailing fleets, vehicles, systems and associated AI would soon be a reality, startups, fundings, mergers and acquisitions have followed reaching a peak in 2017. Thus far in 2017 more than 55 companies and startups offering everything from solid state distancing sensors to ride-share fleets and mapping systems – plus five strategic acquisitions – raised over $28.2 billion!

2017 Investments Trends: Self-driving

Listed below are month-by-month recaps of self-driving-related fundings and acquisitions as reported by The Robot Report. The two massive fundings by the SoftBank Vision Fund in May, the Intel acquisition of Movidius in March and Ford’s acquisition of Argo in February are extraordinary. Nevertheless, pulling out those billion dollar transactions still shows that $2.4 billion found its way to more than 55 companies. [The trend continues in November with Optimus Ride and Ceres Imaging both raising Series A money.]

Click on the month for funding details, links and profiles for each of the companies.

  • October – $957.24 million:
    • Mapbox-$164M, Element AI-$105M, Horizon Robotics-$100M, Innoviz Technologies-$8, Momenta AI-$46, Built Robotics-$15, Blickfeld-$4.25, nuTonomy was acquired by Delphi Automotive-$450M, and Strobe was acquired by General Motors-unknown amount.
  • September – $275 million:
    • LeddarTech-$101M, Innoviz Technologies-$65M, JingChi-$52M, Five AI-$35M, Drive AI-$15M, Ushr Inc-$10M and Metawave-$7M.
  • August – $70 million:
    • Oryx Vision-$50M and TuSimple-$20M.
  • July – $413 million:
    • Nauto-$159M, Brain Corp-$114M, Momenta AI-$46, Autotalk-$40M, Slamtec-$22M, Embark-$15M, Xometry-$15M and Metamoto-$2M.
  • June – $112.5 million:
    • Drive AI-$50M, Swift Navigation-$34M, AEye-$16M, Carmera-$6.4M, Cognata-$5 and Optimus Ride-$1.1.
  • May$9.676 billion:
    • Didi Chuxing-$5.5 billion, Nvidia-$4 billion, ClearMotion-$100M, Echodyne-$29M, DeepMap-$15M, Hesai Photonics Technology-$16M, TriLumina-$9M, AIRY 3D-$3.5M and Vivacity Labs-$3.3M.
  • April – $306.6 million:
    • Mobvoi-$180M, Peloton Technology-$60M, Luminar Technology-$36M, Renovo Auto-$10M, Aurora Innovation-$6.1M, VIST Group-$6M, DeepScale-$3M, Arbe Robotics-$2.5M, BestMile-$2M, Compound Eye-$1M.
  • March$15.343 billion:
    • Wayray-$18M, EasyMile-$15M, SB Drive-$4.6M, Starsky Robotics-$3.75M and CrowdAI-$2M. Intel acquired Mobileye for $15.3 billion.
  • February$1.024 billion
    • ZongMu Technology-$14.5M andTetraVue-$10M. Ford Motor Co acquired Argo AI-$1 billion.
  • January – $??? million: 
    • Autonomos was acquired by TomTom-unknown amount.

The SoftBank Vision Fund Effect

Plentiful money and sky high valuations are causing more companies to delay IPOs. The SoftBank Vision Fund is a key enabler of this recent phenomena. Founded in 2017 with a goal of $100 billion (they closed with $93 billion) with principle investors including SoftBank, Saudi Arabia’s sovereign wealth fund, Abu Dhabi’s national wealth fund, Apple, Foxconn, Qualcomm and Sharp, the Fund has been disbursing at a rapid pace. According to recode, the Fund, through August, had invested over $30 billion in Uber, ARM, Nvidia, WeWork, OneWeb, Flipkart, OSIsoft, Roivant, SoFi, Fanatics, Improbable, OYO, Slack, Plenty, Nauto and Brain Corp. Many on that list are involved in the self-driving industry.

The NY Times, in an article describing Masayoshi Son’s grand plan for the Fund, wrote that all these companies “have something in common: They are involved in collecting enormous amounts of data, which are crucial to creating the brains for the machines that, in the future, will do more of our jobs and creating tools that allow people to better coexist.”

Further, Son said he believed robots would inexorably change the work force and machines would become more intelligent than people, an event referred to as the “Singularity. Mr. Son [said he] is on a mission to own pieces of all the companies that may underpin the global shifts brought on by artificial intelligence to transportation, food, work, medicine and finance. His vision is not just about predictions like the Singularity. He understands that we’ll need a massive amount of data to get us to a future that’s more dependent on machines and robotics.

Bottom Line

Companies involved in the emerging self-driving industry accounted for most of the dollars invested thus far in 2017. SoftBank’s fund and Masayoshi Son’s grand plan, combined with auto companies grabbing talent through strategic acquisitions, partnerships and investments, are leading the way. Robotics-related agricultural and healthcare-related investments were a distant second and third. Fourth went to underwater drones, systems and components.




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.





Related posts :



Robot Talk Episode 128 – Making microrobots move, with Ali K. Hoshiar

  10 Oct 2025
In the latest episode of the Robot Talk podcast, Claire chatted to Ali K. Hoshiar from University of Essex about how microrobots move and work together.

Interview with Zahra Ghorrati: developing frameworks for human activity recognition using wearable sensors

and   08 Oct 2025
Zahra tells us more about her research on wearable technology.

Women in robotics you need to know about 2025

  06 Oct 2025
This global list celebrates women's impact across the robotics ecosystem and globe.

Robot Talk Episode 127 – Robots exploring other planets, with Frances Zhu

  03 Oct 2025
In the latest episode of the Robot Talk podcast, Claire chatted to Frances Zhu from the Colorado School of Mines about intelligent robotic systems for space exploration.

Rethinking how robots move: Light and AI drive precise motion in soft robotic arm

  01 Oct 2025
Researchers at Rice University have developed a soft robotic arm capable of performing complex tasks.

RoboCup Logistics League: an interview with Alexander Ferrein, Till Hofmann and Wataru Uemura

and   25 Sep 2025
Find out more about the RoboCup league focused on production logistics and the planning.

Drones and Droids: a co-operative strategy game

  22 Sep 2025
Scottish Association for Marine Science is running a crowdfunding campaign for educational card game.



 

Robohub is supported by:




Would you like to learn how to tell impactful stories about your robot or AI system?


scicomm
training the next generation of science communicators in robotics & AI


 












©2025.05 - Association for the Understanding of Artificial Intelligence