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US research dollars keep flowing

June 16, 2011

U.S. DoD to spend $41.7 billion on unmanned aerial vehicles and systems in 2012-2014 (that’s $13.9 billion per year!) says research firm focused on the aerospace/defense sector.
Defense spending towers over venture capital investments, eg:
  –  Aldebaran Robotics (of Nao fame) raised $13 million from Intel Capital, CDC Innovation, iSource and Crédit Agricole Private Equity
  –  Liquid Robotics (wave gliders) got $22 million from VantagePoint Capital and Schlumberger
  –  Estonian (robotic mannequin) received $1.75 million from the Estonian Development Fund

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

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