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 :



Tesla’s Optimus robot isn’t very impressive – but it may be a sign of better things to come

Musk has now unveiled a prototype of the robot, called Optimus, which he hopes to mass-produce and sell for less than US$20,000 (A$31,000).
04 October 2022, by

Bipedal robot achieves Guinness World Record in 100 metres

Cassie the robot, developed at Oregon State University, records the fastest 100 metres by a bipedal robot.
03 October 2022, by and

Breaking through the mucus barrier

A capsule that tunnels through mucus in the GI tract could be used to orally administer large protein drugs such as insulin.
02 October 2022, by

Women in Tech leadership resources from IMTS 2022

There’ve been quite a few events recently focusing on Women in Robotics, Women in Manufacturing, Women in 3D Printing, in Engineering, and in Tech Leadership. One of the largest tradeshows in the US is IMTS 2022. Here I bring you some resources shared in the curated technical content and leadership sessions.
29 September 2022, by and

MIT engineers build a battery-free, wireless underwater camera

The device could help scientists explore unknown regions of the ocean, track pollution, or monitor the effects of climate change.
27 September 2022, by

How do we control robots on the moon?

In the future, we imagine that teams of robots will explore and develop the surface of nearby planets, moons and asteroids - taking samples, building structures, deploying instruments.
25 September 2022, by , and





©2021 - ROBOTS Association


 












©2021 - ROBOTS Association