Robotics, ever since its advent, has only been on the trajectory of improvement and advancement, raising its demand amongst traders.
Robotics and automation in machines are now the trendsetters as they mimic human intelligence. The business domain goes gaga over the innovations that robotics brings along and this is reason why robotics has high value when talking of artificial intelligence-driven approaches.
Companies and business organisations are now more passionate and enthusiastic to invest their capital in robotics. Here are 10 robotics companies that have raised funding and investment in April.
1. Miko
Fund raised- INR 50 crores
Purpose- To expand on business operations and development strategies.
Miko is dubbed a robotics company that has strong offerings in advanced AI and machine learning and it dedicates itself in crafting efficient solutions for its clients and consumers.
2. Ambi Robotics
Fund raised- $6.1 million
Purpose- Ambi Robotics wishes to utilise the fund amount in expanding operations and business reach.
Ambi Robotics creates end-to-end solutions for supply chains and aids manufacturing to effectively handle supply chain. The funding round was led by Bow capital.
3. National Robotarium
Fund raised- unspecified
Purpose- National Robotarium is a Scottish university that has been awarded a substantial amount to facilitate research on robotics and to curate innovation that can substitute human labour at times of crises. The primary objective is to develop technology of under-water bomb disposal and dismantling of nuclear materials.
National Robotarium is a university which is based at Heriot-Watt University, Edinburgh facilitating in-depth research on new technology – AI and Big Data to drive students towards innovation and explore the many offerings of technology.
4. Rapid Robotics
Fund Raised- $ 12 million
Transaction Type- Series A
Purpose- The fund collected will be directed towards performance of common machine operating tasks namely-injection modelling and pick-and-place.
Rapid robotics is a company that’s specialises in common machine operator tasks to aid manufacturers and manufacturing companies to handle labour shortages, scale business and gain the companies effective edges over their competitors.
5. Canvas
Fund raised- $ 24 million
Purpose- Canvas aims to direct the collected fund amount in robotics in the built environment, including drywall finishing.
Canvas is a K12 education platform that deals with imparting creative educational solutions for students. The company collaborates with schools and educational institutions to extend its innovative technological educational solutions to them.
6. Pickle
Fund raised- $ 5.75 million
Transaction type: Series B
Purpose- The fund raised will be used to work on the diligence of robots in efficacious packaging and delivery.
Pickle is a start-up that specialises in pickles and gherkins, sets benchmarks in terms of creativity, attractiveness and competitiveness. Pickle is making its visibility known by it’s unique product packaging and delivery.
7. Gaussian Robotics
Fund raised- $ 100 million
Transaction type- Series B
Purpose- The fund raised will focus on an increased production of cleaner robots that that Gaussian Robotics specialises in.
Gaussian Robotics is a China-based company that deals with robotics technology, producing sweeping robots. These robots are mainly produced to commercial ends.
8. Cavendish
Funding raised- $ 83, 600
Purpose- The fund raised by the company aims to focus on the improvement of algorithms and machine learning systems for technical research and development feasibility study.
Cavendish corporate finance is UK’s leading M&A advisors, which specialises in provides end-to-end and effective s marketing and sales solutions to their clients.
9. EDDA technology
Funding raised- $150 million
Purpose- The company wishes to utilise the funds for curbing major diseases in fast growing cities like China.
EDDA technology is a surgery robotics company, a solution provider in health care imaging and analyses.
10. Tangram vision
Funding Raised- Amount unspecified
Purpose- The funds raised aims to be used for making robotics simpler when implemented from drones, factory automation, and autonomous vehicles like self-driving cars.
Tangram vision builds infrastructure that is conducive for machine-enabled robots, drone and automation vehicles used by business enterprises.
The post Top 10 Robotics Funding in April 2021 appeared first on Analytics Insight.
