The world is evolving at a faster pace, thanks to artificial intelligence and robotics. Technology has achieved much more in the past 10 years than it could do for centuries. Especially, the usage of robotics capabilities in real-world scenarios is changing the world for good. Starting from smart home robots to cobots and surgical robots, robotics has made a remarkable stance across many industry verticals. Owing to its increasing usage, robotics startups are mushrooming like never before. They are coming up with disruptive innovations to unleash futuristics robots in different sectors. These top robotics startups work to ease the human burden by unleashing innovative solutions. Given the current global trend, investments in robotics startups have surged drastically. Robotics and automation have increased investment opportunities, opening the door for more chances to top robotics startups funding. In this article, IndustryWired aims to recognize top robotics startups fundings that made a breakthrough in October 2021.
Top Robotics Startups Funding
Ishitva, an Ahmedabad-based robotics startup, has raised US$1 million in a pre-series funding round led by Inflection Point Ventures (IPV). As a dry waste managing company, Ishitva is using disruptive technologies like artificial intelligence, machine learning, robotics, IoT, etc to sort complex wastes. The company has also put out a statement that the raised fund will be used for growing sales and expanding its R&D team.
Fabric announced that the company has gained US$200 million in a funding round this October. Fabric is building robotics technology for retailers starting from small to big players that could help them perform end-to-end operations. The funding could help Fabric compete with tech giant Amazon on its market opportunities. Some of Fabric’s customers include Walmart, Instacart, and FreshDirect.
Wiingy has acquired US$400,000 funding in an angel funding round that saw participation from marquee investors such as Aroa Ventures (Ritesh Agarwa), Abhinav Sinha (OYO), Maninder Gulati (OYO), Ashish Goes (Urban Ladder), etc. The robotics startup is working to bring robotics kits to live classes. Besides, Wiingy is also working to improve coding and advanced science courses for children aged between 5-15.
Warehouse robotics firm, Dexterity, has raised US$56.2 million in a Series A funding round led by its existing investors Lightspeed Venture Partners and Kleiner Perkins. Other players like B37 Ventures and Presidio Ventures also participated in the funding round. During the Covid-19 pandemic lockdown times, Dexterity got attention from companies and people who realized the importance of automation in warehouses.
Fruitcore Robotics, a Constance-based startup developing HORST (Highly Optimized Robotic Systems Technology), has raised EURO 17 million in a Series A funding round from UVC Partners, btov Partners, and CNB Capital. The startup is currently working on intelligent software and innovative mechatronics.
In a big move to replace pilots with robots, Reliable Robotics has gained a big hand after acquiring US$100 million in funding. The company works with an aim to cut down the expensive aspects of cargo operations by introducing robotic pilots. Reliable Robotics’ technology is aimed at handling the taxi, takeoff, landing, and parking cargo flights.
A cloud-native logging and security analytics company, Devo Technology, has raised US$250 million at a Series E round led by TCV along with other investors like General Atlantic and Eurazeo and other existing investors. Devo Technology became the fourth cybersee=curity company from Massachusetts to acquire the billion-dollar valuation in 2021.