LATEST NEWS AND DEVELOPMENTS
It was a busy and abundant year for seed, crowd, series A,B,C,D and VC funding of robotics-related startups. 128 companies got funded, some multiple times. $1.95 billion, 50% more than 2015 which was also a phenomenal year with over $1.32 billion funded.
Ten robotics-related companies got funded in December for a combined total of $94 million; down from $225 million in November. Four more got acquired. Over $2 billion was involved. No companies went public.
In a world where futuristic & financial developments roll out on the regular, ROBO Global takes the time to find the need to know robotics news for investors. Here are the highlights from the week of November 27 - December 2 in the world of robotics & automation:
Seventeen robotics-related companies got funded for a combined total of over $225 million. Four more got acquired. Three went public to raise funds. And one failed.
October fundings for robotics-related startups totaled $306.75 million bringing the year-to-date funding figure very close to $1.5 billion. For acquisitions, three of the six companies acquired reported that $390.5 million traded hands. All in all another strong month for robotics.
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