According to The Robot Report, in July 2024, robotics companies raised approximately $1.3 billion through 47 investments, surpassing the 12-month average investment of $1.2 billion. This increase in funding reflects growing interest and confidence in robotic technologies and their applications across various sectors.
During the first seven months of 2024, investments in robotics totaled approximately $9.7 billion, favorably compared to the $8 billion raised during the same period in 2023. This growth highlights the importance of robotics in the global economy and its potential to transform entire industries.
Among the most notable investments in July, Applied Intuition and Skild AI, both software companies, secured $300 million each. Additionally, Saronic, a defense technology startup, raised $175 million for its autonomous surface vehicles, and Monarch Tractor obtained $133 million to develop its autonomous operations product, Autodrive.