The robotics industry is on the fast track to industrial automation, digitalization, and sustainability. With the market expected to surpass $200B by 2030, it is now backed by 80 top VC firms and over 1,000 investors who see robotics as the prime focus or part of a broader tech investment strategy.

Yet, having an innovative concept is just the beginning if you aim to raise funds in the space. Without a well-defined investor outreach strategy, your chances of success are limited. Our curated list of top venture capital firms in robotics will guide you through VC investment preferences, financial backgrounds, and key contacts.

Empower Investment
169 investments
Stage:
  • Seed
  • Series A
  • +2
Bee Partners
117 investments
Focus:
  • Sports & Fitness
  • AI & Deep Tech
  • +29
Stage:
  • Pre-Seed
  • Seed
  • +1
Check:
  • $0-$100K
  • $100K-$500K
  • +3
Grids Capital
46 investments
Focus:
  • Hardware, Robotics & IoT
  • Transportation & Mobility
  • +10
Stage:
  • Seed
  • Series A
Reinforced Ventures
47 investments
Stage:
  • Pre-Seed
  • Seed
  • +2
Grishin Robotics
41 investments
Focus:
  • Sports & Fitness
  • AI & Deep Tech
  • +25
Comet Labs
40 investments
Focus:
  • Hardware, Robotics & IoT
  • Software & Apps
  • +1
Stage:
  • Pre-Seed
  • Seed
  • +1
Lucas Venture Group
40 investments
Stage:
  • Pre-Seed
  • Seed
  • +3
Type One Ventures
30 investments
Focus:
  • Hardware, Robotics & IoT
  • VR & AR
  • +11
Stage:
  • Pre-Seed
  • Seed
  • +3
Check:
  • $0-$100K
  • $100K-$500K
  • +3
Asimov Ventures
33 investments
Focus:
  • Hardware, Robotics & IoT
  • Software & Apps
  • +1
Stage:
  • Pre-Seed
  • Seed
ITIC: Industrial Technology Investment Corporation
26 investments
Stage:
  • Seed
  • Series A
  • +2
PKSHA SPARX Algorithm Fund
21 investments
Catapult Ventures
100 investments
Focus:
  • Hardware, Robotics & IoT
  • Natural Resources
  • +14
Stage:
  • Seed
  • Series A
Check:
  • $0-$100K
  • $100K-$500K
  • +2
The Robotics Hub
12 investments
Stage:
  • Seed
  • Series A
  • +1
Invento Capital
10 investments
Stage:
  • Pre-Seed
  • Seed
Nabtesco Technology Ventures
13 investments
Stage:
  • Seed
  • Series A
  • +1
Covenant Venture Capital
9 investments
Stage:
  • Series B
  • Series C+
Robo Global
8 investments
Focus:
  • Hardware, Robotics & IoT
  • Transportation & Mobility
  • +5
Stage:
  • Seed
  • Series A
  • +2
Check:
  • $500K-$1M
  • $1M-$3M
Alley Robotics Ventures
7 investments
Focus:
  • Hardware, Robotics & IoT
  • Sports & Fitness
  • +9
Cybernetix Ventures
6 investments
Focus:
  • Hardware, Robotics & IoT
  • AI & Deep Tech
  • +4
Stage:
  • Pre-Seed
  • Seed
  • +1
Check:
  • $0-$100K
  • $100K-$500K
Grep VC
6 investments
Focus:
  • Hardware, Robotics & IoT
Stage:
  • Seed
  • Series A
  • +1

Most active VC funds in Robotics

One of the leading VCs in robotics is Intel Capital, with over $12.5B invested in 1 500+ companies globally. Intel Capital actively supports robotics startups like PrecisionHawk (whose $75M Series D round included Intel Capital), focusing on AI and machine learning integration.

The next is GV (formerly Google Ventures), with over $5B in AUM, which has invested in more than 300 companies and is actively investing in robotics. It has backed notable companies like Boston Dynamics (acquired for $1.1B) and Savioke (raised $17M in Series A).

Toyota’s venture capital arm, Toyota AI Ventures, has a $200M fund and invests in AI and robotics startups like Nauto and SLAMcore, propelling advancements in autonomous mobility and intelligent robotics.
With a proven portfolio, including Rethink Robotics’ $130M acquisition and Zymergen’s $500 million IPO, DFJ Growth invests in robotics companies aiming to redefine industries through transformative tech.

Top robotics startups

As of 2024, there are approximately 26 notable robotics unicorns worldwide, with approximately 38% based in the U.S. 

Fanuc, ABB, KUKA, and Yaskawa have dominated the robotics industry for decades, controlling over half (56%) of the market. But the tide is turning. New innovative robotics startups are making waves, capturing investor attention, and challenging the established order. New robotics companies to watch:

  • Sota Robotics tackles the growing issue of waste management. Their robots are designed for automated waste sorting, likely using a combination of sensors and AI to efficiently categorize different types of waste. 
  • Blue River Technology develops robots that use computer vision to identify weeds in organic fields and eliminate them using targeted blasts of hot oil. This helps organic farmers reduce their reliance on herbicides. 
  • Saildrone builds uncrewed surface vehicles (USVs) for various applications, including oceanographic research, maritime security, and oil and gas exploration.

Top robotics accelerators

Robotics startups often benefit from accelerators that provide prototyping facilities, industry expertise, and critical funding to speed up development and gain access to investors and customers. Worth noticing accelerators are:

  • HAX is a world-renowned accelerator for robotics and hard tech startups. It provides a six-month program with $250K in funding, mentorship, and prototyping facilities. With locations in Shenzhen, China, and Newark, New Jersey, USA, it has supported over 250 startups, including Simbe Robotics and Particle.
  • San Diego-based Qualcomm Robotics Accelerator nurtures robotics and intelligent systems startups and provides up to $120K in funding, alongside tech support and access to Qualcomm’s industry expertise.
  • Boston’s MassRobotics, a non-profit with a startup escalator program, equips robotics companies with shared workspace, prototyping facilities, and industry connections, fostering local innovation like RightHand Robotics’ solutions.
  • Global accelerator network Techstars fosters robotics startups through programs like the IoT Accelerator, providing up to $120K in funding, mentorship, and industry connections. With successful stories in the portfolio, like Sphero and Roam Robotics.

Robotics angel investors

Among the 1092 robotics seed and angel investors, the most notable is Scott Hassan, a managing partner at Sutter Hill Ventures. He has backed Flexivety and drone delivery startup Zipline with over $483 million in funding. Boston-based Louis Beryl stands out with investments through FourCities Capital and focuses on robotics alongside AI and enterprise software. Finally, Eric Klein, from San Francisco, invests through Lemnos VC, hugely focusing on robotics startups alongside substantial stakes in hardware startups and manufacturing technology.

Recent robotics VC exits

Despite a funding decline for tech startups in 2023, early-stage robotics investment held up better than later stages, with AI advancements, lower hardware costs, and labor shortages fueling continued interest from accelerators like Y Combinator. Recently, developers of workplace robots, robotic surgery technologies, and even humanoid models have all raised large rounds in the past six months.

Figure led the charge in humanoid robotics startup investment, securing a whopping $675M Series B, significantly boosting overall funding. This was followed by a noteworthy $100M investment by Norwegian firm 1X, which has OpenAI as an early backer.

Another big round saw Silicon Valley’s Collaborative Robotics secure a hefty $100M Series B funding round led by General Catalyst. The round focused on cobots, robots designed to collaborate with humans on tasks like carrying boxes.

This February, the biggest round of a $110M Series C funding went to MMI by Fidelity. The developer of robotic-assisted microsurgery technology took home the biggest haul. Their tech promises to mimic human hand movements at a microscopic level, potentially expanding treatment options for soft tissue open surgery patients.

Top robotics conferences

Keep an eye on the paramount must-attend robotics events and conferences.

  • IEEE International Conference on Robotics and Automation (ICRA) is the most prestigious Japan robotics conference, hosted annually by the IEEE Robotics and Automation Society. It features high-quality research from top academics and industry professionals.
  • BioRob — is a leading international conference on biomedical robotics and biomechatronics that fosters collaboration between researchers and practitioners in robotics, engineering, and medicine.
  • RSS conference — brings together researchers in all areas of robotics worldwide for an engaging and focused week of single-track presentations, workshops, poster sessions, and tutorials. RSS Conference 2024 robotics will be held at the Delft University of Technology, Netherlands, from July 15 to 19.

Robotics Venture Capital ecosystem

The robotics industry is highly driven by global labor shortages and increasing labor costs, which push other sectors to adopt robotic solutions to maintain operational efficiency. In the U.S. alone, labor costs increased by 4.5% in 2023. In sectors like manufacturing and logistics, adopting robotics is seen as a viable solution, driving VC interest and investments in the startup robotics space.

As a result, China, already a leader in the industrial robot market with a 20% global market share and a revenue of USD 2.9 billion, is likely to see even further growth.

Industry 4.0 transforms manufacturing with robotics and creates more “smart factories.” Advanced robots with sensors and AI can work alongside humans, performing tasks with greater precision, flexibility, and speed, making these smart factories a reality.

Robotics thrives in healthcare as the aging population adds more value to robotics and increases demand for assistive robots in-home care, robotic assistance in surgery, and 

E-commerce growth requires advanced robotic solutions for warehousing, sorting, and delivery processes. Thus, only 40% of warehouses globally are automated, highlighting the promising niche in robotics.

Robots are the key to sustainability. Their ability to reduce waste across various industries brings benefits beyond factories. For instance, advanced sorting robots can revolutionize recycling by separating different materials in streams with up to 99% accuracy. On the other hand, robots can be deployed in hazardous environments after natural disasters to assist with cleanup efforts, minimizing the risks faced by human crews. 

AI and ML fundamentally change how robots function across sectors. From manufacturing with predictive maintenance (robots learning from sensor data to prevent breakdowns) to logistics with autonomous robots in warehouses, humanoids, and cobots for healthcare. Thus, only the robotic-assisted surgery market could hit $14B globally by 2026.

Government initiatives highly support robotics. For instance, the National Robotics Initiative in the United States provides funding to support research projects that advance the development of collaborative robotics systems. This support allows startups to explore new ideas, refine their prototypes, and bring their products to market faster. 

On the other hand, Europe creates a legal framework for robotics with ethical and legal considerations to address liability, transparency, and accountability issues. Which provides startups with a clear understanding of the legal requirements and helps build trust among potential customers and investors.

In addition, giant corporations like Amazon and Tesla are hugely backing robotics, investing heavily in automation and advanced robotics for their warehouses and factories.

Robotics has a robust collaborative ecosystem with partnerships between academia, industry, and government. Thus, in 2023, academic institutions globally received over $2B in grants for robotics research from various governmental and private sources.

Innovate and adapt now

If you’re planning to join the robotics league and raise funds shortly, focus on creating increasingly intelligent, adaptable, and integrated solutions. You must also prove your ability to capitalize on this solution by having a solid business plan, robust GTM strategy, and a compelling pitch deck that effectively communicates your product’s story in an investor-attractive way.

With Waveup’s assistance, clients raised over $505M in 2023. We’re ready to help you succeed as well. Contact our team for expert advice!

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Anastasiia

CONTENT WRITER

Hey there! I'm Anastasiia, a Content Writer at Waveup. With my marketing expertise and storytelling magic, I turn complex data and industry insights into your startup playbook, making the business world a breeze for you! At Waveup, I work with brilliant folks who make insights a never-ending flow. So, join, read, and enjoy!