New data from Crunchbase indicates another annual decline for 2023, with year-to-date investments in the U.S. market at $2.7 billion, down from $5 billion in 2022, $9.1 billion in 2021, and $3.4 billion in 2020. Despite the slowdown in VC investments, the robotics sector has remained steady relative to the rest of the landscape, with the rise in interest in AI helping to maintain its position.
Key takeaways:
- Robotics startups experienced a high level of interest in 2021 due to the global pandemic, but eventually faced investment slowdowns.
- 2022 was the second-worst year for robotics investments in the past five years, second only to 2020.
- New numbers from Crunchbase indicate another annual decline for 2023, with year-to-date investments in the U.S. market at $2.7 billion, down from $5 billion last year.
- Robot sales have also recently decreased due to economic headwinds following the initial pandemic surge.