Robohub.org
 

March fundings, acquisitions, IPOs and failures

by
04 April 2016



share this:
Source: cbinsights.com

Source: cbinsights.com

Funding for robotics startup companies rose dramatically in 2015 reaching record highs in deals and dollars. CB Insights, a VC database provider, reported similar findings as seen in their quarterly financing chart.

Listed below are the results for March including two billion dollar acquisitions.

March fundings:

  • 6 River Systems raised $6 million in seed funding from VC firms Eclipse and iRobot Ventures. Founded in 2015 by former Kiva Systems and Mimio executives and based in Boston, 6 River is developing next-gen mobile robot fulfilment solutions for distribution centers.
  • SkySquirrel Technologies got $1 million in seed funding. The Halifax Nova Scotia startup is focusing on agricultural crop analytics.
  • nuTonomy, a spin out from MIT with offices in Singapore and Cambridge, received $3.6 million in seed funding in January for the development of autonomous vehicle technology to be initially tested in urban driving situations such as encountered by taxis.
  • Restoration Robotics, the robotic hair transplant company, got $4.82 million equity funding in January says Octa Finance, a Belize-based news company after researching Restoration’s SEC filed Form D. CB Insights reported $7 million. So maybe there were other investors that will show up on later Form Ds.
  • Airware, the San Francisco UAS autopilot maker, got $30 million in a round that included former Cisco CEO John Chambers as an investor. Chambers will join the Airware board of directors.
  • Aarav Unmanned Systems, a spinoff from the Indian Institute of Technology Kanpur, received an unknown amount to enable the company to focus on GIS survey, precision agricultural and industrial inspections using UAS.
  • Aurora Flight Sciences, a Virginia-based developer of UAS tech for defense as well as commercial customers, has raised an undisclosed amount from Enlightenment Capital, a Chevy Chase, MD investor in aerospace companies. Earlier this month Aurora was awarded an $89 million contract for a vertical takeoff and landing X-plane for the DoD.

March acquisitions:

  • ThermoFisher Scientific is acquiring Affymetrix for $1.3 billion. Adding Affymetrix’s products will help ThermoFisher expand its array of lab equipment and robots into biosciences and genetic analysis workflows.
  • General Motors acquired Cruise Automation, a startup that develops autopilot systems for existing cars, for an undisclosed sum but, according to Fortune magazine, a figure “north of $1 billion.”
  • Pasco Scientific, a provider of educational robots, acquired Ergopedia, the maker of the ErgoBot educational bot, for an undisclosed amount.
  • PCS Edventures, a provider of STEM, robotic and UAS educational tools and programs, acquired the assets, IP and inventory of Thrust UAV, an Idaho startup, for $109,000. Shortly thereafter Thrust, a service provider with a racing drone, announced an $825,000 contract to provide their drones to a reseller.

IPOs and failures:

  • None


tags: , ,


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 :



ep.

352

podcast

Robotics Grasping and Manipulation Competition Spotlight, with Yu Sun

Yu Sun, previous chair of the Robotics Grasping and Manipulation Competition, speaks on the value that this competition brought to the robotics community.
21 May 2022, by
ep.

351

podcast

Early Days of ICRA Competitions, with Bill Smart

Bill Smart, one fo the early ICRA Competition Chairs, dives into the high-level decisions involved with creating a meaningful competition.
21 May 2022, by

New imaging method makes tiny robots visible in the body

Microrobots have the potential to revolutionize medicine. Researchers at the Max Planck ETH Centre for Learning Systems have now developed an imaging technique that for the first time recognises cell-​sized microrobots individually and at high resolution in a living organism.
20 May 2022, by

A draft open standard for an Ethical Black Box

Within the RoboTIPS project, we have developed and tested several model of Ethical Black Boxes, including one for an e-puck robot, and another for the MIRO robot.
19 May 2022, by

Unable to attend #ICRA2022 for accessibility issues? Or just curious to see robots?

There are many things that can make it difficult to attend an in person conference in the United States and so the ICRA Organizing Committee, the IEEE Robotics and Automation Society and OhmniLabs would like to help you attend ICRA virtually.
17 May 2022, by
ep.

350

podcast

Duckietown Competition Spotlight, with Dr Liam Paull

Dr. Liam Paull, cofounder of the Duckietown competition talks about the only robotics competition where Rubber Duckies are the passengers on an autonomous driving track.
17 May 2022, by





©2021 - ROBOTS Association


 












©2021 - ROBOTS Association