Venture Capital (VC) Funding for Robotics in 2015

2015 was an insane year for robotics companies; they raised $922.7M in VC funding -- 170% more than in 2014. I'm almost certain that it exceeds $1 Billion, especially if you account for funding events in Asia (opaque to me) or if you take into account companies at the periphery of robotics (sensing, software, 3D printing, etc). Similar to previous years, a large portion of the funding went to medical companies and drone companies, but we also saw a lot of late-stage consumer robot financings this year (such as Jibo and Sphero) -- but comparatively few agricultural or service robots. Still, I think it's safe to say: 2015 was the year of the robotics startup!

 

2011: $193.6 Million

2012: $219.7 Million

2013: $250.7 Million

2014: $341.3 Million

===> 2015: $922.7 Million <===

 

Auris Surgical

$150.0 Million

Drone Deploy

$9.0 Million

DJI

$75.0 Million

Wonder Workshop

$6.9 Million

3D Robotics

$64.0 Million

Bionik Labs

$6.2 Million

Aeryon Labs

$60.0 Million

Squadrone Systems

$5.0 Million

Yuneec Electric

$60.0 Million

PetNet

$4.0 Million

Jibo

$52.3 Million

Sky Futures

$3.8 Million

Sphero

$45.0 Million

Gamma2 Robotics

$3.5 Million

Zymergen

$44.0 Million

RightHand Robotics

$3.3 Million

EHANG

$42.0 Million

Osaro

$3.3 Million

Rethink Robotics

$40.0 Million

Naio Technologies

$3.3 Million

GreyOrange Robotics

$30.0 Million

Soft Robotics

$3.0 Million

Medrobotics

$25.0 Million

RoboCV

$3.0 Million

Xenex

$25.0 Million

SkySpecs

$3.0 Million

CyPhy Works

$22.0 Million

Rapyuta Robotics

$3.0 Million

Fetch Robotics

$20.0 Million

Harvest Automation

$2.9 Million

Blue River Tech.

$17.0 Million

SynTouch

$2.5 Million

Peloton Technology

$17.0 Million

Flyability

$2.5 Million

Lily Robotics

$14.0 Million

Dronomy

$1.5 Million

Cruise

$12.5 Million

Catalia Health

$1.5 Million

Zimplistic

$11.5 Million

Mobile Indust. Robots

$1.4 Million

Clearpath Robotics

$11.2 Million

Dash Robotics

$1.4 Million

Virtual Incision Tech

$11.2 Million

 

 

 

Total: > $922.7 Million†*

 

* I only included funding events with public sources, and I opted to leave off any funding that was under $1 Million. I also ignored crowdfunding, since these arrangements do not typically involve equity transfer. Furthermore, it is harder and harder to determine "what constitutes a robotics company." I used my own dictatorial judgment; feel free to disagree in the comments.  For example, I generally don't include 3D printers in my robotics tally, so that meant I didn't count Carbon3D's massive $100M round. I also don't count corporate "spinouts" or "joint ventures" such as Toyata's $1B Robotics R&D Efforts in Silicon Valley or Softbank's $236M Robotics Holding Group. Finally, I almost always miss a few funding rounds; let me know in the comments (with a credible source!).

† Many thanks to Frank Tobe and Tim Smith for providing me some lists of their own. In fact, Frank does such a good job that I may pass the torch off to him in future years.  There's little sense in duplicating our efforts... plus then I can spend the 10(ish) hours it takes to prepare this list on something more personally fulfilling -- like hacking on robots or writing more techy Hizook articles. ;)

 

 

Auris Surgical ($150 Million)

 

Auris is developing a microsurgical robot for eye surgeries, such as cataract removal.  They raised $150 Million this year.

 

DJI ($75 Million)

 

DJI is the leader in the drone space.  They were predicting $1B in sales in 2015, and they raised $75 Million this year -- those are insane numbers (large revenue and small funding). 

 

3D Robotics ($64 Million)

 

3DR is another big player in the drone (esp consumer drone) space.  They raised a total of $64 Million this year in two parts: a $50 Million initial funding and a $14 Million follow-on.  I know they're located nearby me in SFBA... and despite a warm invitation by CEO Chris Anderson to come visit, I still haven't seen their facilities.  I'll have to remedy that in 2016, assuming the invite is still on the table. :)

 

Aeryon Labs ($60 Million)

 

More drones. I'm not familiar with Aeryon's products... but they must be pretty big, as they raised $60 Million this year.

 

Yuneec Electric Aviation ($60 Million)

 

Still more drones. Yuneec is a Chinese drone manufacturer, and they received $60 Million from Intel this year. 

 

Jibo ($52.3 Million)

 

It was a bit confusing, but it seems like Jibo raised $52.3 Million this year across three events: $11 Million,  $16 Million, and $25.3 Million (confirmed via Crunchbase).  To be honest, I'm really worried for Jibo. Depending on how they did their financing... they're either valued upwards of $250M or they took on massive dilution.  Either one of those could be really precarious if their product doesn't have a massive showing in the next 18 months (or if the economic climate turns); while their Kickstarter went really well... it wasn't that goodRaising so much before shipping a product can be dangerous...

 

Orbotics / Sphero ($45 Million)

 

Sphero, formerly Orbotics, raised $45 Million this year. Partnering with Disney and Starwars was exactly what this company needed!  Their BB-8 toy will be a big hit (cool teardown), and it's a great riff on their original Sphero product!  

 

Zymergen ($44 Million)

 

Zymergen is using robot automation to help automate chemistry and biology lab experimentation; they raised $44 Million in 2015.

 

EHANG ($42 Million)

 

Ehang, the makers of the "Ghost Drone" raised $42 Million.

 

Rethink Robotics ($40 Million)

 

Confirmed on Crunchbase, Rethink Robotics raised $40 million in two installments: $26.6 million and $13.4 million. That takes their total to $113.5 Million.  I've heard they're having growing pains (good product, but lagging sales).... which may not bode well.

 

GreyOrange ($30 Million)

 

Grey Orange is essentially a Kiva knockoff targeting the rest of the world outside the US.  They raised $30 Million this year. Given the striking similarities between their system and the one now owned and operated by Amazon, I imagine they'll have a hard time operating in the US due to IP restrictions.

 

Medrobotics ($25 Million)

 

Medrobotics raised another $25 Million this year for it's "Flex" medical robot. 

 

Xenex ($25 Million)

 

This is one of my favorite medical robot companies, because their UV-disinfecting robot is just so simple, pragmatic, and effective!  They raised $25 Million this year. 

 

CyPhy Works ($22 Million)

 

CyPhy Works, the "tethered drone" startup cofounded by Helen Greiner, raised another $22 Million this year after a rather successful Kickstarter to enter the consumer drone space.  It will be interesting to see how things evolve for CyPhy with the recent FAA rule changes, which seem to indicate that tethered drones (formerly powered kites) will now be subject to the same restrictions as normal drones. 

 

Fetch Robotics ($20 Million)

 

Melonee and my friends at Fetch Robotics raised $20 Million this year to put a new, more-modern spin on the pick, pack, and ship warehouse operation space.  Congrats y'all!

 

Blue River Technologies ($17 Million)

 

Blue River technologies is the only major agricultural robot company on this year's list.  They raised $17 Million this year and continue to grow healthily. One thing I really like about Blue River: They demonstrated that the "lean startup" method is also applicable to hardware and robotics -- the article about their beginnings should be a must-read for robotics entrepreneurs.  I should dedicate a Hizook post to this topic some time...

 

Peloton Technology ($17 Million)

 

Peloton Technologies raised $17 Million to build "follow the leader" style autonomous big-rigs. This will eventually exist, so I'm rooting for them.

 

Lily Robotics ($14 Million)

 

Now this is how you do pre-orders!  Lily Robotics managed to get $34 Million in preorders for its personal drones, and then went on to raise just $14 Million in funding.  This is a much more sane amount of fundraising... (I'm looking at you, Jibo.)

 

Cruise ($12.5 Million)

 

My friends at Cruise managed to raise $12.5 Million to retrofit cars for autonomy. They definitely have an up-hill battle to compete against all the big boys; at this point, basically every single major auto manufacturer has an autonomous car program.

 

Zimplistic ($11.5 Million)

 

I almost didn't include this one on the list... but Zimplistic, who makes a "robotic" flatbread machine, managed to raise $11.5 Million this year. They have insane traction, and something like $72 Million in backorders.  I wonder if a tortilla machine would be equally viable...? 

 

Clearpath Robotics ($11.2 Million)

 

Clearpath Robotics makes a whole suite of academic and industrial robots.  This year they raised $11.2 Million, and are supposedly planning to enter the warehouse-style material transport space. 

 

Virtual Incision Technologies ($11.2 Million)

 

Virtual Incision makes an incredibly cool robot surgery platform: check it out! They raised $11.2 Million this year. 

 

Drone Deploy ($9 Million)

 

I'm including Drone Deploy on this list too, since they work almost exclusively with robots (though their product seems to be almost exclusively software).  They raised $9 Million this year for their SaaS product. 

 

Wonder Workshop / Play-i ($6.9 Million)

 

Formerly Play-I, Wonder Workshop raised $6.9 Million for their small programmable toy products.  I'm really curious to hear how many units they've sold to date. 

 

Bionik Labs ($6.2 Million)

 

Bionik raised $6.2 Million to bring their medical exoskeleton products to market. 

 

Squadrone System ($5 Million)

 

Squadrone also makes a drone platform. They raised $5 Million to bring their HEXO+ platform to market.

 

PetNet ($4 Million)

 

I wasn't sure about including this one... but I did anyway. We're going to see a lot of consumer robots in the next two years targeting pet owners, and PetNet is one of the early entrants to the market. So here it is; they raised $4 Million this year. 

 

Sky Futures ($3.8 Million)

 

More drones, more money. Sky Futures wants to use drones for oil and gas inspections -- a very legit market I've looked at a bit myself. They raised $3.8 Million this year. 

 

Gamma2 Robotics ($3.5 Million)

 

Gamma2 makes physical security robots for server farms and whatnot, and the closed their $3.5 Million Series A this year. 

 

RightHand Robotics ($3.3 Million)

 

Righthand Robotics raised $3.3 Million to do automated bin picking. 

 

Osaro ($3.3 Million)

 

Osaro is another borderline case, since their primary product is software-only AI and perception; they raised $3.3 Million

 

Naio Technologies ($3.3 Million)

 

Naio is a smaller agricultural robot out of France that aims to reduce the amount of chemicals used for crop production; they raised $3.3 Million.

 

Soft Robotics ($3 Million)

 

Soft Robotics makes soft grippers for industrial applications; they raised $3 Million.

 

RoboCV ($3 Million)

 

RoboCV makes robotic forklifts -- another promising application that I've studied a bit in the past. Hailing from Russia, they raised $3 Million this year. 

 

SkySpecs ($3.0 Million)

 

SkySpecs raised $3 Million to do drone-based visual inspections of infrastructure, such as wind turbines. 

 

Rapyuta Robotics ($3 Million)

 

Rapyuta is an ETH Zurich spinout, which raised $3 Million to build robots for physical security purposes. 

 

Harvest Automation ($2.9 Million)

 

Harvest Automation is well known (and has raised a lot of money) to automate tree nurseries. They recently raised $2.9 Million to enter the industrial (warehouse) material transport sector. 

 

SynTouch ($2.5 Million)

 

SynTouch makes a unique type of tactile sensor for robots.  I've seen them used to some effect in academic contexts.  With $2.5 Million in new funding, they're hoping to land some more industry sales.

 

Flyability ($2.5 Million)

 

Another drone company, Flyability is targeting the visual inspection space and recently raised $2.5 Million

 

Dronomy ($1.5 Million)

 

Dronomy does aerial image capturing for drones and raised $1.5 Million.

 

Catalia Health ($1.5 Million)

 

Catalia is building personal healthcare robots (tabletop?) that interact with patients and doctors. It seems that it's the successor to Intuitive Automata, as it was also founded by Cory Kidd.  They recently raised $1.5 Million.

 

MiR: Mobile Industrial Robots ($1.4 Million)

 

MIR is a Danish logistics company, which raised $1.4 Million.

 

Dash Robotics ($1.4 Million)

 

Dash Robotics is a spinout of a UC Berkeley robotics lab that did research on unique construction methods. After a successful $60k in preorders via Kickstarter, they raised $1.4 Million.  Given the low COGS, I imagine Dash could be insanely profitable if they can nail the distribution deals -- sort of like HexBugs. I like their prospects if they can keep burn low.

 

 

Comments

Hmmm... I'd be curious to see what it looks like with drones and cars broken out.

—Hai

@Anonymous,

Parrot is a publicly traded company, so its funding was not "venture capital" per se. In fact, there were a number of publicly traded companies that received cash infusions (eg. additional stock offerings) this year, but those are not considered VC either.

—Travis Deyle

Hi Travis,

Thanks for the kind words about The Robot Report.

You had Syntouch for $2.5M but that was government grants. It's not equity; it's business income.

Cordially,

@Frank,  Oops!  You're absolutely correct.  Since it's a relatively-small funding (ie. in the noise), I'll probably just leave the post as-is.  But you're right, they shouldn't be on the list.

—Travis Deyle

Hi, Travis!  Thank you for your article(s).  I am the new Chief Operating Officer for TelepresenceRobots.com and was wondering if you may have any stats or figures corresponding to how much has been invested in telepresence robotics in particular.  However, even if not, thanks for your work in compiling this information! 

I forgot PreNav, who raised $1.2M in 2015 to build drone localization systems.

—Travis Deyle

Thank you very much for the time and organization you have put into the list above.  My brother and I have an Engineering firm based out of So Cal. called Kohlex.  We have a project that is 2 years in the making of which we have just filed our patent documents.

My question is this, what is the best way to find the VC groups that are focusing on and understand what the Robotics industry is and where it is headed.  We are looking for funding and feel a group already in the know of Robotics may be helpful.

Again thanks for your let me know if you can help me.

 

 

 Sean Mackin

 949-371-3600

New kick ass photo blog http://hotpic.erolove.in/?entry.jayde interactive sex with bree olson xem phim sex hiep dam kiem hiep short peoms on my school fake college degree italian mom rapid

maecu4

That’s what I was looking for. Very nice blog indeed, thank you admin

python quiz

—Anonymous

The blog or and best that is extremely useful to keep I can share the ideas of the future as this is really what I was looking for, I am very comfortable and pleased to come here. Thank you very much. animal jam five nights at freddy's | hotmail login

Thank you so much for the information you have given on this blog. This information is very useful to broaden the knowledge of the readers

paket umroh Ramadhan I paket umroh Ramadhan 2017 I Promo umroh Ramadhan  

Hope you can give good information and interesting again as the information that you post on your own blog

Biaya umroh Ramadhan I paket umroh Ramadhan I umroh Ramadhan 2017 I umroh Ramadhan Murah  

Obat Sinusitis Paling Mujarab 100% Herbal Alami dan yang baik untuk penyakit sinusitis adalah dengan Obat Sinusitis Dan Polip Hidung Tanpa Operasi yang terbuat dari herbal karena dengan mengkonsumsi Obat Sinusitis Kronis Akut Yang Aman Dan Ampuh yang terbuat dari herbal ini sangat aman dan bagus jika dikonsumsi oleh semua kalangan. Obat Sinusitis Mujarab Kualitas Paling Bagus Alami yang terpercaya dan ampuh adalah Obat Sinusitis Tradisional Terbaik Paling Ampuh dengan kualitas yang terbaik. Ramuan Untuk Obat Sinusitis Alami Tradisional Ampuh yang terbuat dari tumbuhan tradisional yang diracik dengan modern,sehingga menjadi Obat Sinusitis Kronis 100% Tradisional Alami yang bagus untuk mengobati pentyakit sinusitis. Keunggulan lai dari Obat Sinusitis Ampuh Herbal Tradisional Tanpa Operasi herbal yaitu Obat Sinusitis Tanpa Operasi Dari Bahan Alami herbal tidak mempunyai efek samping, sehingga Obat Sinusitis Kronis Yang Paling Aman Dikonsumsi aman dan cocok untk dikonsumsi oleh siapa saja. itu adalahkeutamaan Obat Alami Sinusitis Maksilaris Yang Aman Dan Ampuh herbal

Obat asma tradisional aman untuk digunakan adalah salah satu obat yang banyak dicari penderita asma. Obat Asma Paling Ampuh Dari Bahan Alami yang terbuat dari herbal adalah salah satu Obat Asma Ringan Dan Kronis Bahan Tradisional Mujarab yang dicari karena khasiatnya. Obat Asma Kronis Menahun Paling Mujarab yang terbuat dari herbal dipercaya dapat mengobati asma dengan aman. Lalu apa Obat Asma Herbal Alami Ampuh Terpercaya apa yang bagus untuk dikonsumsi? Obat Asma Sesak Nafas Asli Herbal Tradisional yang aman dan bagus dikonsumsi adalah Obat Asma Paling Ampuh Untuk Anak Dan Dewasa herbal pilihan yang kaya akan manfaatnya, yaitu dengan Obat Asma Alternatif Paling Ampuh Yang Alami yang tidak mempunyai efek samping, sehingga Obat Asma Alami Paling Ampuh Yang Dicari dapat dikonsumsi oleh anak-anaks ekalipun. Banyakmanfaat dari Obat Asma Mengi Yang Ampuh 100% bahan Dari Herbal tradisional, salahsatunya Obat Asma Untuk Anak Herbal Aman Tanpa Efek Samping tradisional ini sangat cepat dalam mengatasiasma. ituadalah manfaat dari Obat asma terbaik 100% herbal tradisional yang terbuat dari tradisional Resep Obat Asma Dari Herbal Alami Dan Tradisional

penyakit ambeien yang di biarkan sangatlah di khawatirkan menimbulkan dampak negatif yang tidak di inginkan maka dari itu segera cari pengobatan ambeien dengan Obat Ambeien Wasir Alami Terbuat Dari Herbal yang di jamin kualitasnya,  Obat Ambeien Luar Paling Mujarab Terkini kini banyak di temukan, namun kita hatus tahu Ramuan Obat Ambeien Menahun Paling Ampuh dan Obat Ambeien Yang Aman Tanpa Efek Samping serta Obat Ambeien Tradisional Murni Dari Herbal Alami . sejak kini haruslah kita pintar dalam memilih Obat Ambeien Alternatif Paling Ampuh Tanpa Operasi yang aman bagi kesehatan tubuh kita jangan sampai  Obat Ambeien Menahun Dari Herbal Yang Manjur itu hanya sekedar ucapan saja tanpa khasiat apapun. Obat Ambeien Yang Aman Dengan Pengobatan Herbal sangatlah banyak di cari karena Obat Ambeien Cara Baru Ampuh Dari Bahan Herbal yang berkualitas bukan cuma sebatas sebagai obat penenang rasa sakit seketika. Obat Ambeien Alternatif Tanpa Operasi Paling Mujarab kini hadir dan merupakan Obat Ambeien Tradisional Paling Ampuh Di Tahun Ini yang memberi khasiat asli , jika anda tahu bahwa  Obat Ambeien Tradisional Herbal Cara Alami mengatasi masalah penyakit ambeien yang sangat akut. Obat Ambeien Menahun Alami Sembuh Tanpa Operasi ini sangatlah perlu diperhatikan dalam segi komposisi dan Obat Ambeien Alami Ampuh Dari Bahan Herbal merupakan salah satunya pengobatan yang alami.

—obat ambeien

Saya akan memberikan Tips Sehat Dengan Obat Darah Tinggi Secara Alami Ampuh serta Obat Tradisional Darah Tinggi Dan Kolesterol Alami bagi mereka yang memiliki penyakit komplikasi, harus mengetahui  Obat Darah Tinggi Dan Apa Saja Jenis Pantangannya selain itu Cara Atasi Darah Tinggi Dengan Obat Darah Tinggi Merupakan solusi bagi mereka yang menginginkan Sembuh Dengan Obat Darah Tinggi Yang Ampuh karena dengan mengkonsumsi Obat Darah Tinggi Tradisional Yang Ampuh penyakit darah tinggi atau hhipertensi Anda akan kembali normal. Lalu Obat Manjur Untuk Penyakit Darah Tinggi Yang Alami ? . obat yang manjur untuk penyakit darah tinggi yaitu dengan Obat Darah Tinggi Alami Yang Bekerja Cepat Menyembuhkan darah tinggi, dengan mengkonsumsi Obat Darah Tinggi Herbal Alami Tanpa Efek Samping tekanan darah ANda akan kembali normal. Selain dengan obat darah tinggi tanpa efek samping Obat Penurun Tekanan Darah Tinggi Dengan Cepat menjadi incaran penderita hipertensi larena mereka menginginkan pengobatan yang cepat dengan Obat Untuk Penyakit Tekanan Darah Tinggi Herbal

—sasa

Obat Stroke Tradisional 100% Dari Bahan Alami yaitu obat herbal yang terbuat dari ramuan herbal sangat ampuh untuk dijadikan Obat Herbal Yang Mampu Untuk Mengobati Penyakit Stroke. Dengan ramuan herbal yang terkandung dari Obat Stroke Ampuh 100% Dari Bahan Tradisional Alami insya allah penyakit stroke Anda akan sembuh karena Obat Stroke Iskemik Herbal Alami 100% Tradisional sangat ampuh dalam mengobati stroke. banyak manfaat dari Obat Stroke Herbal Ampuh Atasi Penyakit Stroke Menahun salah satu dari manfaatnya yaitu Obat Stroke Ampuh Aman Tanpa Efek Samping juga yang bagus Obat Stroke Ringan Yang Manjur Secara Tradisional bisa menggunakan Obat Stroke Alami Untuk Mengobati Yang Benar Keampuhannya bisa untuk stroke akut ataupun stroke ringan dengan Obat Stroke Ringan Dan Berat Alami Herbal kandungannya menjadikan Obat Alami Untuk Mencegah Penyakit Stroke  dan juga untuk Obat Untuk Menyembuhkan Penyakit Stroke

—sasa

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <p>
  • HTML tags will be transformed to conform to HTML standards.

More information about formatting options