Welcome to “Robot Investments Weekly,” a new feature on Robotics Business Review that every Friday recaps the week that was in acquisitions, funding, IPOs and mergers and acquisitions in the robotics industry.
For more information about investing in robotics, RBR members can access our Transactions Database that keeps you updated on the key mergers and acquisitions, investments, sales, and government-funding initiatives taking place across the global robotics industry. Search, sort, and print by transaction type, date, or industry.
At press time, we tracked investments for 10 companies that raised more than $126 million. While the average raised this week for investments we tracked was $12.6 million, Kespry led the way with $33 million raised, followed by Ouster with a $27 million round.
This Week in Robotics Investments
Industrial drone company Kespry raises $33 million
Industrial drone platform provider Kespry raised $33 million in a series C round led by G2VP, with participation from Cisco Investments, Shell Technology Ventures, Lightspeed Venture Partners, DCM Ventures, Spectrum 28, ABB Ventures, and H. Barton Asset Management.
Founded out of Menlo Park in 2013, Kespry targets industries such as mining and construction with an automated system that uses drones to capture and process imagery of sites from the skies above. The system includes everything needed to complete the inspection, including the drone and an iPad, and the user can draw out an area for analysis with their finger.
Ouster raises $27 million in Series A for OS1 LiDAR
Ouster, a San Francisco-based developer of high performance LiDAR, emerged from stealth mode this week, announcing its OS1 LiDAR and $27 million in Series A funding. The round was led by Cox Enterprises, whose Cox Automotive division owns and offers a variety of auto services, including the well-known Kelley Blue Book and AutoTrader.com.