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Latest News June/July’s Robotics funding’s, IPO’s and acquisitions.

July 27th 2015

Below is a synopsized list of robot and robotics related companies that have been in the spotlight over the past 60 days:

June/July’s Robotics funding’s, IPO’s and acquisitions.

Funding

  • Surgical device maker Transenterix raised $50 million from an IPO and market switch that transferred their stock from the over-the-counter market to the special small-cap MKT Exchange on the NYSE.
  • Corindus Vascular Robotics, which raised $42 million in late May by offering 11 million shares at $3.80 and then went public on the same NYSE MKT exchange.
  • Softbank along with O’Reilly AlphaTech and shasta Ventures invested $20M into Fetch Robotics, which recently demonstrated their Fetch and Freight robot system at ICRA in May.
  • Foxconn and Alibaba invested $118M each into Softbank Robotics in a strategic move sure to have long-term ramifications. Foxconn and Alibaba’s combined investment equals a 40% share of the new SoftBank Robotic Group, an entity which holds the France-based Aldebaran Robotics, the new Pepper social robot, and the Pepper SDK software group.
  • Orbotix, the maker of the Sphero line of toys, received $45M in equity funding from Walt Disney.
  • Robotic flatbread maker Zimplistic got $11.5M from two venture funds: a Southeast Asia private equity firm, NSI Ventures, and the venture arm of Robert Bosch GmbH, the global supplier of technology products and services for the auto and home.
  • Zymergen, which integrates robots, big data, and software to unlock the potential of biology of future materials, received $44 million in funding from Data Collective, True Ventures, Draper Fisher Jurvetson and other VCs.
  • Teledyne invested capital to increase their ownership stake to 37% in Ocean Aero; the San Diego based unmanned naval systems startup.

Acquisitions

  • Vecna, a robotic mobility provider for hospitals and warehouses, acquired VGo, a provider of mobile telepresence devices, for an undisclosed amount.
  • Bimba Manufacturing acquired Intek Products for an undisclosed amount. Both are American companies that manufacture actuators and other automation and motion components for robot makers and others.
  • Video compression and image processing semiconductor manufacturer Ambarella acquired VisLab, a lab within the University of Parma focused on perception systems, for $30M. VisLab has developed computer vision and intelligent control systems for automotive and other commercial applications including ADAS (Advanced Driver Assistance Systems) and several generations of autonomous vehicle driving systems.
  • Canadian sUAS developer Draganfly Innovations was acquired by TRACE Live Networks, a California company with operations in Calgary and Toronto.

The above information was excerpted from Robohub, if you would like more information please visit their website.

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