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

Starship Technologies plans to use the funding to expand its delivery services around the world.

Forty-one robotics companies raised $749 million in December 2023. Total robotics funding for 2023 equals approximately $12.9 billion.

Program will focus on expansion of research and development, testing, commercialization, and workforce development for the Massachusetts robotics cluster.

GM-backed Cruise will see its budget cut by $1 billion and one of Motional’s two leading backers will no longer fund the company.

Despite having a signed term sheet, the awaited investment failed to materialize before the company’s financial runway ran out.

The Canadian Robotics Council entered into a funding partnership with Next Generation Manufacturing Canada to build visibility for Canadian robotics capabilities, both at home and abroad.

According to the Chapter 7 bankruptcy filing, RoboTire has $12.7 million in liabilities and $12.3 million in assets.

See a revenue breakdown for both Universal Robots and Mobile Industrial Robots, which are both owned by Teradyne.

Marc Kermisch from CNHI provides an update on how autonomy and digitization are developing to help automation.

Bluewhite plans to use the funding to expand into new markets with its autonomous tractor system, which could reduce crop production costs by up to 75%.

Acieta, a FANUC Authorized System Integrator, said it has installed more than 5,500 robots since it was founded in 1983.

farm-ng has raised funding to accelerate production of its modular, electric Amiga agricultural robot, which includes NVIDIA Jetson.

Synopsys is adding Ansys’ simulation to its testing and electric design tools to help developers engineer more complex systems.

Neocis plans to use its funding for further development and marketing of the Yomi surgical robot approved by the FDA for dental implants.

1X says its NEO android is being developed with embodied AI to handle household tasks and be safe to operate around consumers.

Sevensense, which has developed Visual Simultaneous Localization and Mapping for mobile robots, has grown from a partner to a unit of ABB.

Dextrous Robotics, which developed chopstick-like robotic arms for truck unloading, encountered impatient investors and stiff competition.

Forty robotics companies received funding in November 2023, pulling in a total of $418 million. Robotics investments for the first 11 months of 2023 topped $12.1 billion.

Instead of selling or leasing its painting robots, PaintJet provides a comprehensive service inclusive of its robots and proprietary paint.

PrecisionHawk was once a promising drone company. Now it’s shutting down with $17 million in debt and $3.8 million in assets.

We covered 25 mergers and acquisitions in 2023 worth billions of dollars. These 8 stood out from the rest.