March 2024 robotics funding was buoyed by significant investment into software and drone suppliers.

Partners Cybernetix and PRN aim to aid Pittsburgh’s robotics startups and bring the cluster’s investment opportunities to global markets.

Magna International’s relationship with Sanctuary is threefold: as an investor, a contract manufacturer, and an end user.

Walmart has taken a stake in Fox Robotics after the successful rollout of 19 FoxBot autonomous forklifts at a Florida distribution center.

Collaborative Robotics has raised $100M to commercialize its cobot, starting with automating warehouse operations.

From events like MODEX and GTC to new product launches, there was no shortage of robotics news to cover in March 2024. 

Accenture said it sees “huge potential” for humanoids in post and parcel, manufacturing, retail, and logistics warehousing operations.

Viam says the funding will enable it to accelerate partnerships, drive commercial innovation, and further develop its platform.

LG said its investment into Bear Robotics follows its roadmap for standardized service platforms and software-defined robotics.

RIOS has gotten investment from Yamaha and others to continue developing machine vision-driven robotics for manufacturers.

Cambrian will use the funding to continue its mission of giving industrial robots human-level capabilities for complex tasks.

Glacier has also announced that it will be collaborating with Amazon to enhance traceability and recovery processes for recyclables.

The funding total was substantially lower than the trailing twelve-month average, but in line with January 2023’s figure of $523 million.

February 2024 robotics investments rose, with 51 companies obtaining $1.9 billion, the most in almost a year.

Figure AI has raised funding from Amazon, Microsoft, NVIDIA, Open AI, and others to accelerate humanoid development, AI training, manufacturing, and hiring.

RobCo develops flexible robotic hardware kits for various applications in SME manufacturing, including machine loading and palletizing. 

Omnirobotic plans to use the funding to commercialize robots using its AutonomyOS AI platform for applications such as sanding.

Medical Microinstruments said in a news release that it marks the largest-ever investment in microsurgery innovation.

Monumental said its robots can move freely around building sites to help contractors address labor shortages and rising costs.

Nauticus has announced a new funding round and change in executives to support a new focus on commercializing its technology.

Project 3 Mobility’s ecosystem will be made up of an autonomous electric vehicle, specialized infrastructure, and a mobility service. 

The first recipients of funding in the MassRobotics and MassTech accelerator program discussed their innovative projects.