202001 Nov

November 2020 robotics fundings and acquisitions drop from 2019


Despite an ongoing pandemic, a contentious U.S. presidential election, and stalled negotiations over the U.K.’s withdrawal from the European Union, investments in robotics and related technologies continued in November 2020, if at less than half the value as in the same period last year. Partly because of accelerated e-commerce demand, robotics for warehouses, distribution centers, and logistics operations had another strong year, raising about $319 million last month alone. Agricultural drone provider Guangzhou Jifei Technology Co., also known as XAG, raised $183 million from Baidu Capital and SoftBank Vision Fund II. Percepto, a Modi’in, Israel-based provider of industrial inspection systems that recently partnered with Boston Dynamics, raised $45 million in Series B funding. Cambridge, Mass.-based Home Tech Innovation Inc., which is developing the Suvie kitchen robot, raised $8.1 million in equity funding, according to an SEC filing.

Source: Therobotreport