March 2023 Robotics Investments Total US $526 Million

By Dan Kara | May 1, 2023

Robotics funding for the month of March 2023 totaled $526M (See Table 1, below or download Table 1 HERE), the result of 47 investments. The March investments bring the 2023 totals to approximately $1.66B.

Table 1: March 2023 Robotics Funding and Investment

Companies located in the China received the most rounds (15) and the greatest funding amounts ($205M). Investment into US firms totaled $176M (11 rounds total).

Figure 1: March 2023 Robotics Investment by Country

All funding types were well represented in the March 2023 investment survey (Figure 2), with Seed investments making  up most of the rounds. Approximately one-third of the March 2023 investment amounts came from Series C rounds, buoyed by investments into Flyability ($10M), Plus One Robotics ($52.7M) and Standard Robots ($86.5M).

Figure 2: March 2023 Robotics Funding Amounts by Investment Type

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

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.

Verification
Funding information is collected from a number of public and private sources. These include press releases from corporations and investment groups, corporate briefings, imarket 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.