March 2023 Total Robotics Investment US$526 Million

By And Kara | May 1, 2023

Robotics funding for March 2023 totaled $526 million (See Table 1, below or download Table 1 HERE), the yield of 47 investments. The March investment brings the 2023 total to about $1.66 billion.

Table 1: March 2023 Robotics Funding and Investment

Companies located in China received the most rounds (15) and the largest amount of funding ($205 million). Investments into US companies totaled $176 million (11 rounds in total).

Figure 1: March 2023 Robotics Investment by Country

All types of funding are well represented in the March 2023 investment survey (Figure 2), with seed investments making up the bulk of the round. About a third of the March 2023 investment amount will come from Series C rounds, backed by inward investment Fly ($10M), Plus One Robotics ($52.7 million) and Standard Robots ($86.5 million).

Figure 2: March 2023 Robotics Funding Amount by Type of Investment

Figure 3: March 2023 Robotics Funding Amount by Total and Investment Amount

Editors Note: What defines a robotics investment? The answer to this simple question is essential in any attempt to measure it with some degree of precision. To make investment analysis consistent, repeatable, and valuable, it is important to exclude as much subjectivity as possible during the evaluation process. It begins with definitions of terms and descriptions of assumptions.

Investors and investments
Investments must come from venture capital firms, corporate investment groups, angel investors, and other sources. Friends-and-family investments, governmental/non-governmental agency grants, and crowd-sourced funding are excluded.

Robotics and intelligent systems company
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 technology for robots, or services that support robotics devices. For this analysis, autonomous vehicles (including technologies supporting autonomous driving) and drones are considered robots, while 3D printers, CNC systems and various types of “hard” automation are not.

Companies that simply have the name “robot”, or use the term “robot” to describe products and services that do not enable or support devices that work in the physical world, are excluded. For example, these include “software robots” and robotic process automation. Many companies have multiple locations in different countries. Company locations given in the analysis are based on their publicly listed head offices in legal documents, press releases, etc.

Verification
Funding information is collected from a number of public and private sources. This includes press releases from companies and investment groups, corporate briefings, research firm imarket, and association and industry publications. In addition, information comes from sessions at conferences and seminars, as well as during personal interviews with industry representatives, investors and others. Investments that cannot be verified are excluded and estimates are made if the investment amount is not given or is not clear.