Robotics investments reach $620M in February 2023
Robotics funding for February 2023 totaled $620 million as the result of 36 investments. See Table 1 below or download Table 1 here . The February investments bring the 2023 total to approximately $1.14B. Investments in January 2023 totaled $521 million . Companies offering unmanned aerial drones, usually coupled with drone-enabled data and analytics services, were particularly strong in February 2023, with firms receiving sizable mid- to late-stage funding rounds. These providers typically focus on surveying and inspection applications, with construction, agriculture, utilities and energy sectors as the target markets. Examples include Skydio ($230M Series E), Fulfil Solutions ($60M Series B), Garuda Aerospace ($22M Series A) and i-KINGTEC ($20M Series C). UK-based DRONAMICS landed $40M in Seed funding. Table 1: February 2023 Robotics Funding and Investment COMPANY AMOUNT TYPE COUNTRY TECH, PROD & SERVICES DESCRIPTION AirGo $2,700,000 Seed Oman Operator Servic...