Welcome back to Robotics Roundup, a look at the robotics industry’s most important venture deals. March was a bumper month for robotics investment (as you’ll see from the sheer length of this month’s newsletter) with big announcements for companies building autonomous military tech, plus a large number of deals in the warehousing and logistics space.
The Deals
Epirus raised $250M in Series D funding led by 8VC and Washington Harbour Partners LP, alongside Oppenheimer’s Private Market Opportunities Vista VI Fund, NightDragon, Manhattan Venture Partners, Centaurus Capital LP, Center15 Capital, and other new investors. The Los Angeles company creates solid-state, high-energy, high-power microwave tech to counter military drones.
Shield AI raised a $240M strategic funding round led by L3Harris and Hanwha Aerospace, with participation from Andreessen Horowitz, U.S. Innovative Technology, and Washington Harbour. The Washington, D.C. company builds autonomous aircraft and associated software for the defense sector.
Lila Sciences raised $200M in Seed funding from Flagship Pioneering, which founded the startup in its labs in 2023. The Cambridge, Massachusetts company seeks to build “the world’s first scientific superintelligence platform and fully autonomous labs for life, chemical, and materials sciences.”
The Bot Company raised $150M in funding led by Greenoaks, according to media reports. There are still few public details available about this company, but the San Francisco company is led by Cruise founder Kyle Vogt and reportedly focused on automating household chores.
Terabase Energy raised a $130M Series C led by SoftBank. The Bay Area company is building robotics-assisted assembly lines and other products for the development, construction, and operation of solar panel power plants at utility scale.
Dexterity raised $95M in funding from Lightspeed and Sumitomo Corporation. The Silicon Valley company is building “superhumanoid” robots capable of loading and unloading trucks, sorting and moving parcels, and performing other warehouse tasks.
Aescape raised $83M in strategic funding led by Valor Equity Partners, with participation from existing investors including Alumni Ventures, and NBA player Kevin Love. The New York-based company has created a massage robot capable of creating personalized recovery treatments.
Zeitview raised $60M in funding led by Climate Investment, with participation from Valor Equity Partners, Union Square Ventures, Upfront Ventures, Euclidean Capital, Energy Transition Ventures, Hearst Ventures, and Y Combinator. The Los Angeles company builds inspection robots for critical infrastructure.
Novarc Technologies raised a $50M Series B round led by Export Development Canada with participation from Graham Partners, Seaspan, and InBC Investment Corp. The Vancouver company builds robotic welding technology for a wide range of industries.
Allen Control Systems raised $30M in Series A funding led by Craft Ventures with participation from Inspired Capital and Rally Ventures. The Austin company is building autonomous robotic gun turrets.
Manna raised $30M in a funding round led by Molten Ventures and Tapestry VC, with participation from Enterprise Ireland, Coca-Cola HBC, Dynamo VC, and Radius Capital. The Dublin company builds delivery drones.
Viam raised a $30M Series C round led by Union Square Ventures, with participation from Battery Ventures, Neurone, and others. The New York company’s platform allows hardware and software engineers in the robotics industry to collaborate on solutions that can be implemented across devices and smart machines in the physical world.
Dyna Robotics raised $23.5M in a Seed funding round led by CRV and First Round Capital. The Silicon Valley company builds robotic arms capable of learning a number of tasks, including folding and food preparation.
Chef Robotics raised $20.6M in Series A funding (plus another $22.5M in equipment financing debt). The equity round was led by Avataar Ventures. The San Francisco company is building meal assembly robots for prepackaged foods.
SkySpecs raised $20M in a strategic funding round led by Goldman Sachs Alternatives, with participation from Statkraft and Equinor Ventures, among others. The Ann Arbor, Michigan-based company uses autonomous drones to inspect wind turbines.
Rerun raised $17M in Seed funding led by Point Nine, with participation from Sunflower Capital. The Stockholm company combines open-source visualization tools with commercial databases to build a “multimodal data stack” custom-built for robotics, AVs, spatial computing, and other “physical AI” applications.
CaPow raised a $15M Series A round led by Toyota Ventures with participation from Elements VC. The Be’er Sheva, Israel-based company is building an in-motion power delivery solution for robotic fleets.
Contoro Robotics raised $12M in Series A funding from Doosan Investment, Coupang, Amazon Industrial Innovation Fund, IMM, and existing investors. The Austin company is building robotic unloading systems for logistics.
Anyware Robotics raised a $12M Seed round led by GFT Ventures with participation from Foothill Ventures, Black Forest Ventures, Alumni Ventures, and others. The Bay Area company is developing mobile manipulators designed for logistics use cases.
Alpine Eagle raised €10.25M in Seed funding IQ Capital with participation from HTGF, Expeditions Fund Sentris Capital, General Catalyst, and HCVC. The Munich-based company is building an air-to-air counter-drone system.
Galam Robotics raised a €10M Series A round led by Supernova Invest (via its CAIT fund) and Bpifrance Amorçage Industriel. The Paris company builds modular warehouse robots.
Tera AI raised $7.8M in Seed funding led by Felicis and Inovia Capital, with participation from Caltech + Wilson Hill, and Naval Ravikant. The San Francisco company is developing general-purpose navigation software for robots.
Cartesian Kinetics raised an undisclosed amount from F-Prime, Celesta Capital, and Clear Ventures. The Silicon Valley company helps warehouse operators convert existing facilities to use their robotics solutions with minimal disruption, while meeting growing e-commerce demand.
Finally, we should acknowledge that March was a tough month for agricultural robotics companies, with Farmwise, advanced.farm, and Plenty all shutting down, while Oisshi purchased Tortuga’s IP.
Do you have questions, feedback, or a funding round to announce? Get in touch at stateofrobotics@fprimecapital.com
Access the latest F-Prime Capital State of Robotics report here.