The $2.1 billion is the highest monthly funding amount for the year and greatly exceeds the previous 12-month average.

Since its previous funding, Formic’s fleet of robotic equipment has completed 100,000 production hours at more than 99% uptime.

Shanghai-based Ronovo aims to use the funds to accelerate the commercialization and globalization of its proprietary Carina platform.

GrayMatter Robotics says its AI-based systems can double or quadruple productivity as its customer base grows and hires more staffers.

Vecna Robotics has more than doubled its valuation and hired a chief operating officer as it develops a case-picking system.

Waabi, which has been developing self-driving trucks using generative AI, plans to put its systems on Texas roads in 2025.

coboworx will use the funding to expand its team of robotics experts and software engineers, grow its product range, and tap into new markets.

igus says its acquisition of Atronia will enable cost-effective series production of smart plastics for predictive maintenance.

Korea-based Floatic plans to extend its R&D efforts and commercialize its warehouse robotics system in 2024.

Asensus Surgical has agreed to be acquired by KARL STORZ, an endoscopy expert that will continue developing its robotic systems.

Joby says its acquisition of Xwing will help it build leadership in aviation autonomy and fulfill existing and future defense contracts.

Cobalt AI is set to expand the use of its human-verified AI technology in various enterprise security applications.

In this episode, we learn what’s new in the world of food manufacturing with Chef Robotics.

Thirty-six robotics companies attracted $466 million in investment in April 2024, the smallest amount since November 2023.

Realtime Robotics will use the investment from its longtime partner to scale its robot optimization and control systems for market.

Gausium has sold over 8,000 units of its flagship Phantas all-in-one autonomous cleaning robot within the past year.

As Aptiv pulls back its support in Motional, Hyundai has invested nearly $1 billion in the driverless vehicle developer this year.

XTEND and its XOS operating system enable AI-powered robots and drones to communicate and interact with with humans.

Vogt said that the company has already raised $150 million but didn’t give many details on plans for service robots.

TerraClear raises $15 million in funding from existing investors to expand its sales channel and further commercialize its rock-clearing robots.

While most autonomous vehicles work by extensively mapping out the areas they drive in, Wayve uses deep learning techniques to allow its cars to drive anywhere.

Medrobotics boasted an FDA-cleared, CE-marked surgical robotic platform for several years. However, the company hit a number of stumbling blocks over the past several years.