The article also highlights several other robotics startups that have secured significant funding, including Figure, Nimble Robotics, and Fulfil. It also mentions later-stage funding recipients such as drone companies Zipline and Skydio, Elon Musk’s Neuralink, and Seoul-based autonomous mobility firm 42dot. Despite concerns about job losses due to automation, the article suggests that many people are willing to accept the risks associated with robotics for the convenience they offer.
Key takeaways:
- Matic, a startup developing an AI-enabled robot for vacuuming and mopping, has raised $24 million in a Series A funding round. Investors include former GitHub CEO Nat Friedman, and Stripe founders John and Patrick Collison.
- Despite a decrease in overall funding for robotics startups, the sector remains popular for venture dealmaking, particularly for those incorporating artificial intelligence (AI) into their products.
- Several robotics startups have secured significant funding rounds this year, including Figure, an AI robotics company that raised $70 million in Series A funding, and Covariant, which raised $75 million for its AI and robotics work in warehouse automation.
- Later-stage funding has been secured by well-known companies such as Zipline and Skydio, which raised $330 million and $230 million respectively, and Elon Musk's Neuralink, which closed a $280 million Series D round.