Listen to this article

May 2023 robotics funding equaled $686 million, the result of 61 investments. With the May investments, the 2023 robotics funding comes to approximately $4 billion.

Funding topped $1.63 billion in April, $526 million in March, $620 million in February and $521 million in January.

---

Table 1: May 2023 Robotics Funding and Investment

Company	Amount	Round	Country	Technology	Description
Abbott Robotics (Expert Robotics)	Estimate	Other	China	Automated Guide Vehicles	Abbot Robotics develops autonomus guided vehicles to clients in the photovoltaic, lithium battery and semiconductor industries.
ADASKY	$30,000,000	Series B	Israel	Sensors / Sensing Systems, Video / Vision / Imaging, Software	ADASKY builds far-infrared sensor and intelligent thermal sensing technologies for autonomous electric vehicles.
AirMatrix	Estimate	Other	Canada	Software	AirMatrix develops drone logistics software for the autonomous operation of commercial drones.
AMP Robotics	$8,000,000	Series C	USA	Articulated Robots, Sensors / Sensing Systems	AMP Robotics offers robotics solutions for sorting and other applications for the recycling industry sector.
ANYbotics	$55,780,288	Series B	Switzerland	Quadrupeds	ANYbotics specializes in the development of advanced legged robots for industrial inspection.
Ascento	$215,389	Other	Switzerland	Outdoor Mobile Platforms, Sensors / Sensing Systems	Ascento offers autonomous outdoor security patrol robots as a service.
AutoCore	Estimate	Series A	China	Software	AutoCore is a provider of intelligent middleware for automotive appliations, including autonomous vehicles.
Blue Ocean Robot	Estimate	Series B	China	Indoor Mobile Platforms, Software	Blue Ocean Robot is a provider of mobile robots and management systems for logistics operations.
Bosin Technology	Estimate	Series A	China	Gantry Robots	Bosin Technology is a producer of heavy-duty gantry robotic systems.
Candela	Estimate	Other	China	Indoor Mobile Platforms	Candela is a robotic hardware and software design company.
Changyao Innovation	Estimate	Other	China	Home Care / Lawn Care / Pool Care	Changyao Innovation manufacturers robotic lawn mowers.
Contoro Robotics	$6,000,000	Other	USA	Mobile/Fixed Telepresence, Human Robot Interaction \ Haptics	Contoro Robotics develops robotics teleoperation systems.
Didi Woya	Estimate	Other	China	Autonomous Transportation Systems, Sensors / Sensing Systems, Software	Didi Woya develops technologies for self-driving vehicles.
Drobot	$25,000	Other	USA	Indoor Mobile Platforms	Drobot is developing affordable autonomous mobile robots.
ecoRobotix	$51,673,897	Series B	Switzerland	Sensors / Sensing Systems	ecoRobotix provides AI powered plant-by-plant recognition and ultra-high precision crop treatment.
EnerComp Solutions	$316,684	Seed	India	Drones, Operator Services - UAVs, Data Acquisition / Processing / Management	EnerComp Solutions is a drone manufacturing, services, and AI tech startup.
Foretellix	$43,000,000	Series C	Israel	Sensors / Sensing Systems, Software	Foretellix develops intelligent automation and analytic tools to orchestrate and monitor driving scenarios including edge cases for deployment of ADAS & autonomous vehicles.
Freespace Robotics	$250,000	Pre-Seed	USA	Automated Storage & Retrieval Systems	Freespace Robotics is a warehouse automation company that provides automated storage and retrieval systems.
Gaussian Robotics	Estimate	Other	Singapore	Indoor Mobile Platforms	Gaussian Robotics produces autonomous floor cleaning robotics.
GITAI	$28,715,666	Series B	Japan	Sensors / Sensing Systems, Software, Controllers	GITAI develops remote controlled robots to replace astronaut's operations in commercial space stations.
Hanyang Technology	$20,000,000	Series A	China	Outdoor Mobile Platforms	Hanyang Technology produces autonomous mobile robots for consumer and commercial applications.
HKT Robot	Estimate	Other	China	SCARA Robots, Actuators / Motors / Servos	HKT Robot offers industrial robotis, servo drives, motors and more.
Hong Jing Drive	Estimate	Series B	China	Sensors / Sensing Systems, Software, Microcontrollers / Microprocessors / SoC	Hong Jing Drive provides a computing platform for autonomous vehicles.
Human in Motion Robotics	$10,000,000	Series A	Canada	Exoskeletons, Rehabilitation / Therapeutic Systems	Human in Motion Robotics develops a wearable lower-limb exoskeleton system.
Hydromea	$2,182,429	Other	Switzerland	Unmanned Underwater Vehicles, Operator Services - UUVs	Hydromea provides submerged asset inspections services using remote controlled underwater drone platforms.
i-KINGTEC	Estimate	Series C	China	Drones	i-KINGTEC is a developer of intelligent industrial drones and UAV systems.
ideaForge	Estimate	Other	India	Drones	IdeaForge is a drone manucaturing company for mapping, security, and surveillance applications.
Intramotev	$200,000	Other	USA	Outdoor Mobile Platforms, Sensors / Sensing Systems, Software	Intramotev manufactures autonomous battery-electric railcars.
KEMARO AG	Estimate	Other	Switzerland	Indoor Mobile Platforms	KEMARO AG produces autonomous mobile robots for industrial cleaning.
Kiwibot	$6,083,498	Other	USA	Outdoor Mobile Platforms	Kiwibot designs and manufactures a fleet of mobile robots used for food delivery on college campuses.
Kossi	$14,470,523	Series B	China	Controllers, Actuators / Motors / Servos, Articulated Robots	Kesi specializes in motion controllers and servo drives for robotics systems.
LoopX	Estimate	Other	Canada	Sensors / Sensing Systems, Controllers, Software	LoopX offers system solutions for autonomous vehicles, mining equipment manufacturers, and mining technology companies.
MeBotX	Estimate	Series A	China	Exoskeletons	MeBotX produces robotic exxoskeletons.
Miso Robotics	Estimate	Other	USA	Articulated Robots, Other Industrial	Miso Robotics provides robotics and intelligent automation solutions to the commercial foodservice industry.
Mocang Robot	$2,854,044	Seed	China	Indoor Mobile Platforms	Mocang Robotics produces intelligent storage robots for warehouse operations.
Moon Surgical	$55,400,000	Series B	France	Surgical Systems	Moon Surgical develops surgical robotics systems robotic featuring collaborative and adaptive robotics.
Pashoot Robotics	$1,500,000	Pre-Seed	Israel	Collaborative Robots	Pashoot Robotics is developing robots for manufacturing that understand and adapt to their environment, using computer vision and AI.
PuduTech	Estimate	Series C	China		PuduTech produces autonomous delivery, cleaning and disinfection robots for the home care, food service, and catering industries.
Quantum Systems	$20,000,000	Other	Germany	Drones	Quantum-Systems develops advanced multi-sensor, unmanned aerial vehicles that collect aerial intelligence.
Realman	Estimate	Series A	China	Collaborative Robots	Realman focuses on the research, development, manufacture, and marketing of ultra-lightweight humanoid robotic arms.
Saha Robotics	$3,000,000	Seed	Turkey	Indoor Mobile Platforms	Saha Robotics provides autonomous, cloud connected, mobile robots for delivery applications.
Seaweed Generation	$365,467	Other	UK	Unmanned Underwater Vehicles	Seaweed Generation is a developer of robotic technologies for seaweed cultivation systems..
Senior Automation	Estimate	Other	China	Autonomous Transportation Systems	Senior Automation focuses on the research and commercialization of driverless truck technology for logistics applications.
Slip Robotics	$10,646,078	Other	USA	Indoor Mobile Platforms	Slip Robotics produces autonomous mobile robots used for unloading trucks.
sliQue Robotics	Estimate	Seed	USA	Indoor Mobile Platforms	sliQue Robotics produces mobile autonomous robots for delivery and cleaning applications.
Sniffer Robotics	Estimate	Seed	USA	Operator Services - UAVs, Data Acquisition / Processing / Management	Sniffer Robotics provides drone based services for detecting land-based methane leaks and quantifying emissions.
Sphaira	Estimate	Other	Germany	Indoor Mobile Platforms	Sphaira Medical produces autonomous patient mobility platforms.
StreetDrone	$212,629	Other	UK	Software	StreetDrone is a full-stack software company with particular expertise in driverless solutions for low-speed and specialist operating domains.
Tefa Robotics	Estimate	Seed	South Korea	Software	Tefa Robotics creates low-code solutions for industrial robot control.
Urban Ray	Estimate	Pre-Seed	Germany	Drones, Batteries / Power Supplies	Urban Ray offers last-mile parcel deliveries by drones with automated landing and storage stations on the ground.
Vantage Robotics	$20,000,000	Other	USA	Drones	Vantage Robotics produces unmanned aerial vehicles for defense and industrial applications.
Vantage Robotics	Estimate	Other	USA	Drones	Vantage provides robust unmanned aerial vehicles for use in applications critical to national security and secure infrastructure management.
Vemcon	$6,435,351	Other	Germany	Sensors / Sensing Systems, Software, Controllers	Vemcon produces machine control solutions - joysticks, cover driver assistant systems, and virtual operator technologies - that enable autonomously operating machines.
Voyager Technology	$14,391,181	Series B	China	Sensors / Sensing Systems, Video / Vision / Imaging, Software	Voyager Technology is a provider of advanced driving assistant systems and autonomous driving systems solutions.
WARGdrones	Estimate	Seed	Germany	Drones	WARGdrones creates automated drone solutions for Explosive Ordnance Disposal and Counter-Improvised Explosive Device (C-IED) operations.
Wingcopter	$43,648,585	Other	Germany	Drones	Wingcopter is a manufacturer of unmanned, eVTOL, fixed-wing aircrafts for commercial and humanitarian applications.
Xianwei Medical	Estimate	Other	China	Surgical Systems	Xianwei Medical is a manufacturer of ophthalmic surgical robots.
Xin Yihua (Sineva Robot)	Estimate	Seed	China	Indoor Mobile Platforms	Xin Yihua (Sineva Robot) offers autonomus, mobile robots for a variety of commercial and industrial tasks.
Yunxiang Commercial	Estimate	Seed	China	Indoor Mobile Platforms	Yunxiang Commercial is a developer of commercial cleaning robots for indoor spaces.
Zhihui Robot	Estimate	Seed	China	Articulated Robots, Software	Zhihui Robot offer robotics systems for spray painting applications.
Zhiyuan Robotics	Estimate	Seed	China	Humanoids / Bipeds	Zhiyuan Robotics develops and produces general-purpose, intelligent, humanoid robots and other products.

---

Companies based in China received the most number of rounds (23) and the greatest investment amount ($257M). Swiss firms also received substantial funding ($111M), followed by Israel ($75M), Germany ($72M), and the USA ($70M).

Makers of autonomous mobile robots (AMRs) continue to attract new investment. May 2023 robotics investments were notable for the large number of rounds into producers of AMRs, with funding amounts ranging widely. Slip Robotics, Blue Ocean Robot System, PuduTech, Saha Robotics, Xin Yihua (Sineva Robot) and Candela serve as examples.

Providers of drones, drone-enabled services and enabling technologies continued to attract the attention of the investment community. For example, Vantage Robotics, i-KINGTEC and Quantum Systems each received $20 million in funding, with many other companies attracting lesser amounts.

---

Figure 1: May 2023 Robotics Investment by Country

---

Series B rounds accounted for many sizable investments (Figure 2, below). Moon Surgical ($55M), ecoRobotix ($52M), ADASKY ($30M), GITAI ($28M), Blue Ocean Robotics ($25M), AutoCore ($25M), Hanyang Technology ($20M), Kossi ($14M), Voyager Technology ($14M) and Human in Motion Robotics ($10M), serve as examples.

---

Figure 2: May 2023 Robotics Funding Amounts by Investment Type

---

Figure 3: May 2023 Robotics Funding Amounts by Investment Number and Amounts

---

Editor’s 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 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.

Verification
Funding information is collected from several public and private sources. These include press releases from corporations and investment groups, corporate briefings, market research firms, and association and industry publications. 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 and estimates are made where investment amounts are not provided or are unclear.