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.

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%.

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

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.

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.

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

GreyOrange has raised $135 million to continue helping retailers and warehouses automate and orchestrate fulfillment.

Skyline Robotics, which won a 2023 RBR50 Robotics Innovation Award, has raised more funding for its Ozmo window-cleaning robot.

The company expects the new capital to drive key initiatives, such as R&D, regulatory milestones and commercialization.

The funding will help Verve scale its SafeLift soft exoskeleton, which was originally developed at Harvard University.

New funding is part of German Bionic’s plan to intensify its relationship with its industrialization partner, Mubea, a German automotive supplier.

Rightbot said its robot can address a longstanding challenge for the logistics sector: the unloading of trucks, trailers, and containers.

Mujin, which has raised a total of $178 million, plans to make its MujinController more accessible to developers.

Founders should be aware the era of exiting a business based on little more than “promising technology” is over — you must eventually build a real business.

LIG Nex1 and a partner have offered to acquire 60% of industrial and defense supplier Ghost Robotics, which is valued at $400 million.

Instock, a developer of customer fulfillment robots, has brought in $3.2 million in an expanded seed funding round.

Gecko Robotics, which provides climbing robots and AI to inspect critical infrastructure, has obtained funding and added board members with defense expertise.

Surgical robotics pioneer Intuitive Surgical launched Intuitive Ventures three years ago to lower the barriers to healthcare.