October 2021 robotics investments and acquisitions

The Robot Report

Fabric raised $200 million in October 2021 for its ASRS systems. | Photo Credit: Fabric

The Robot Report tracked 39 robotics investments that totaled at least $1.14 billion in funding in October 2021. There was one merger and acquisition of two LiDAR companies for an undisclosed amount.

The largest round of the month went to Israel-based Fabric, which raised $200 million. Formerly known as CommonSense Robotics, the company develops AS/RS systems for micro-fulfillment. The Series C funding valued Fabric at more than $1 billion. The company has raised more than $336 million since it was founded in 2015.

The second-largest round went to Dexterity, a U.S.-based developer that raised $140 million to scale its full-stack picking robots for logistics applications. Dexterity founder Samir Menon recently appeared on The Robot Report Podcast to discuss the company’s technology and rapid growth.

Companies developing robots for logistics applications raised the most rounds with seven. Autonomous driving companies raised the second-most rounds at six, followed by sensors (five), industrial robots (three) and aerial drones (three).

Here is a breakdown of the funding types for October 2021, in order of most to least: Seed (11), Series C (8), Venture (7), Series A (5), Other (5), Series B (2), and post-IPO equity (1).

U.S.-based companies accounted for 19 funding rounds in October 2021, while China was second with six rounds. Israel and the U.K. each account for three rounds, while France and Germany each had two. The table below lists robotics company fundings in millions of U.S. dollars, where amounts were publicly available. If more of the funding amounts become available, we will update the chart.

Robotics Investments October 2021

Company Round Amount ($M) Tech Country
Wootzano Other 3.4 Logistics robots U.K.
Techman Robot Other Collaborative robots Taiwan
Virtual Incision Other 46 Surgical robots U.S.
Ganymed Robotics Other 2.8 Surgical robots France
GrayMatter Robotics Other 1 Industrial robots U.S.
Arbe Post-IPO Equity 100 Sensors Israel
Gongye Technology Seed 15.6 Recycling robots China
Rendered.ai Seed 6 Synthetic data U.S.
Poladrone Seed 4.3 Aerial drones Malaysia
Ishitva Robotic Systems Seed 1 Industrial robots India
Fox Robotics Seed 1 Logistics robots U.S.
Aquiline Drones Seed 1 Aerial drones U.S.
Leadgen Technology Seed Autonomous driving China
PhiGent Robotics Seed Autonomous driving China
Qinglei Technology Seed Sensors China
Esper Bionics Seed Medical robotics Ukraine
Sensory Robotics Seed Sensors U.S.
fruitcore robotics Series A 20 Logistics robots Germany
Humanising Autonomy Series A 11 Human robot interaction U.K.
Burro Series A 10.9 Agrobotics U.S.
RoboTire Series A 10.6 Industrial robots U.S.
BeBop Sensors Series A 1.4 Sensors U.S.
Dexterity Series B 140 Logistics robots U.S.
MainBot Series B 14 Educational robots France
Fabric Series C 200 Logistics robots Israel
Hailo Series C 136 Computing Israel
Saildrone Series C 100 Maritime drones U.S.
Reliable Robotics Series C 100 Unmanned aerial robots U.S.
Clarifai Series C 60 Deep learning U.S.
JIMU Intelligent Series C 31.2 Autonomous driving China
SimScale Series C 29.2 Simulation software Germany
Tactile Mobility Series C 27 Autonomous driving U.S.
Interlink Electronics Venture 3 Sensors U.S.
DroneBase Venture 20 Aerial drones U.S.
RightHand Robotics Venture 19 Logistics robots U.S.
Wayve Venture 13.5 Autonomous driving U.K.
Covariant Venture 9.5 Logistics robots U.S.
Cobot Nation Venture 3.4 Integration U.S.
UISEE Venture Autonomous driving China

Robotics mergers & acquisitions

The Robot Report tracked only one merger and acquisition in October 2021. Ouster announced it was buying fellow LiDAR maker Sense Photonics. After the acquisition, Sense Photonics will become the “Ouster Automotive” division of Ouster. The new group will be under the direction of Sense Photonics CEO Shauna McIntyre and will focus entirely on solid-state LiDAR sensing products for the automotive market.

Acquirer Acquired Company Amount ($M) Tech Story
Ouster Sense Photonic LiDAR Story

Editors’ note: What defines robotics investments? The answer to this simple question is central in any attempt to quantify them with some degree of rigor. To make investment analyses consistent, repeatable, and valuable, it is critical to wring out as much subjectivity as possible during the evaluation process. This begins with a definition of terms and a description of assumptions.

Investors and investing
Investment should come from venture capital firms, corporate investment groups, angel investors, and other sources. Friends-and-family investments, government/non-governmental agency grants, and crowd-sourced funding are excluded.

Robotics and intelligent systems companies
Robotics companies must generate or expect to generate revenue from the production of robotics products (that sense, analyze, and act in the physical world), hardware or software subsystems and enabling technologies for robots, or services supporting robotics devices. For this analysis, autonomous vehicles (including technologies that support autonomous driving) and drones are considered robots, while 3D printers, CNC systems, and various types of “hard” automation are not.

Companies that are “robotic” in name only, or use the term “robot” to describe products and services that that do not enable or support devices acting in the physical world, are excluded. For example, this includes “software robots” and robotic process automation. Many firms have multiple locations in different countries. Company locations given in the analysis are based on the publicly listed headquarters in legal documents, press releases, etc.

Funding information is collected from a number of public and private sources. These include press releases from corporations and investment groups, corporate briefings, industry analysts, and association and industry publications, including Crunchbase PitchBook and Tracxn. In addition, information comes from sessions at conferences and seminars, as well as during private interviews with industry representatives, investors, and others. Unverifiable investments are excluded.

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Source: therobotreport

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