Tracxn - Industrial Robotics Startup Landscape

MARCH 2018
INDUSTRIAL ROBOTICS

Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Industrial Robotics - Mar 2018
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
2
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Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
3
Feed Summary
Investment Trend Summary
Exit Outlook Summary
BlueBox
Summary of Key Markets
Notable Companies in the Sector
Recent News

Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on March 28, 2018.
Industrial Robotics Feed Summary
4
Industrial Robotics > Feed Summary
Robots bought by businesses or professionals, that help in performing a core business activity.
• Inclusions: Companies which develop robots that automate
(sometimes intelligent automation) a task primarily in industries. These
industries include manufacturing (production lines, warehouse
automation), healthcare (surgical robots, rehabilitation robots etc.),
Agriculture, Space, Defense, unmanned inspection/maintenance
vehicles (water and land based). The feed also includes companies
which develop software (computer vision, autopilots, etc) or hardware
modules (sensors, actuators, etc) specifically for industrial robots.
• Exclusions: Robots aimed at consumers, aerial unmanned vehicles, 3D
Printers, semi-autonomous mechanical systems (conveyors), semi-
autonomous agricultural machinery such as tractors, combines. Semi -
autonomous heavy machinery such as cranes, excavators, dump-trucks,
etc.
• Excludes funding information of Chinese companies
Feed in Numbers
Overview
$4.1B
Funding
42
Mega
Companies
3481403
FundedCovered on
Tracxn
-
Unicorns
16
Soonicorns
8
Minicorns
33
IPO’d Cos
137
Late Stage Cos
33
12
Acquisitions
35
DeadPooled
60
Acquihired
Series A+ Cos
Knightscope
(2013, Sunnyvale, $57.9M)
Rethink Robotics
(2008, Boston, $150M)
Titan Medical
(2008, Toronto, Public)
Top Companies

90 88
132
146
125
44
2012 2013 2014 2015 2016 2017
Y-o-Y # of Companies Founded
$195M
$137M
$306M
$548M
$406M
$1.1B
2012 2013 2014 2015 2016 2017
$ Funding # Rounds
Investment Trend Summary
Summary of Funding Activity in Industrial Robotics
5
$280M - Series D
Auris Surgical Robotics (2009, San Carlos,
$513M)
$50M - Series D
Vicarious (2010, San Francisco, $138M)
$118M - Series C
PROCEPT BioRobotics (2009, Redwood
Shores, $187M)
$50M - Series B
Roboteam (2009, Tel Aviv, $62M)
$114M - Series C
Brain Corp (2009, San Diego, $114M)
$49M - Series D
$513M)
$92M - Series A
Nuro.ai (2016, Menlo Park, $92M)
$40M - Series D
Xenex (2009, San Antonio, $88M)
$90.2M - Series A
ispace (2013, Tokyo, $90M)
$36M - Series E
Rethink Robotics (2008, Boston, $150M)
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
Industrial Robotics > Feed Summary > Investment Trend Summary
Seed High-Tech Grunderfonds (#4), Almi (#3), AME Cloud Ventures (#3)
Series A/B Intel Capital (#4), Eclipse (#3), GV (#3)
Series C+
360 Capital Partners (#1), Agate Medical investments (#1), Antea
Participaties(#1)
Incubators SOSV (#8) Comet Labs (#6) Techstars (#6)
Other Notable
Investors
ABB (#6), Innovation Works (#6), Playground Global (#5)
Debt Investors
Hercules Capital (#3), Silicon Valley Bank (#3), Moscow Seed
Fund (#1)
Most Active InvestorsRecent Investments
36 37 56 67 76 82
$3.2B
$260M
$164M
$131M
$72.6M
US
Europe
Japan
Israel
India
$ Funding

Summary of exit outlook in Industrial Robotics
Exit Outlook Summary
66
Most Active AcquirersTop Investors in Exits
SBI Investment 1 Cyberdyne (2004, Tsukuba)
Growth Fund 1 Universal Robots (2005, Odense, $1.8M)
Alafi Capital 1 Stereotaxis (1990, St. Louis, $52M)
Alloy Ventures 1 Restoration Robotics (2002, San Jose, $140M)
Aperture Venture
Partners
1 MAKO Surgical (2004, Lauderdale, $54.6M)
Sep 2017 Blue River Technology Acq by John Deere for $305M
Jul 2016 KUKA Robotics Acq by Midea for $5.1B
Sep 2015 Adept Acq by Omron for $200M
Jun 2015 Universal Robots Acq by Teradyne for $285M
Dec 2013 MAKO Surgical Acq by Stryker for $1.7B
Mar 2012 Kiva Systems Acq by Amazon for $775M
Sep 2004 Foster-Miller Acq by QinetiQ for $163M
Industrial Robotics > Feed Summary > Exit Outlook Summary
Stryker 1 MAKO Surgical (Dec 2013, $1.6B)
Amazon 1 Kiva Systems (Mar 2012, $775M)
Boeing 1 Liquid Robotics (Dec 2016)
Zimmer Biomet 1 Medtech (Jul 2016, $132M)
Teradyne 1 Universal Robots (Jun 2015, $285M)
Recent IPOs Top Acquisitions
Azorean Aquatic Technologies Feb 2016
Robots for research and exploration of ma…
IPO MCap: $3.7M Current MCap: $3.7M
Corindus Vascular Robotics Aug 2014
Robotics for surgery
IPO MCap: - Current MCap: $279M
Cyberdyne Mar 2014
Develops robotic assistive technology and…
IPO MCap: $393M Current MCap: $393M
Mazor Robotics Jun 2013
Semi-robotic bone mounted positioning sys…
IPO MCap: - Current MCap: $1.6B
Restoration Robotics Oct 2017
Robot based hair transplant solution
IPO MCap: - Current MCap: $200M
Balyo Jun 2017
Mobile robotics for logistics
IPO MCap: $122M Current MCap: $122M
Aquabotix Apr 2017
Manufactures ROV & underwater cameras and…
IPO MCap: $22.2M Current MCap: $2M
Hyundai Robotics Mar 2017
Developer of various types of industrial…
IPO MCap: - Current MCap: $5.8B

Marketmap: Industrial Robotics
HEALTHCARE
HEALTHCARE
Overview
Companies 1403
Funded 348 Series A+ 137
Funding $4.1B Last 2 yrs $1.5B
Most Active Investors
Seed High-Tech Grund. (4)
Series A/B Intel Capital (4)
Series C+ 360 Capital Ptrs. (1)
Others ABB (6)
Incubators SOSV (8)
FACTSHEET
Top Cities
Bay Area 91 Cos $1.6B
Pittsburgh 19 Cos $220M
Top Companies
Titan Medical (2008, Toronto, IPO)
Rethink
Robotics
(2008, Boston, $150M)
Knightscope (2013, Sunnyvale, $57.9M)
Exits
IPOs 33 Restoration Robotics
Acquisitions 12 Blue River Technology
Top Acquirers Stryker, Amazon, Boeing
* Denotes Upcoming Business Models in Industrial Robotics market
DEFENCE, MARINE & SPACE
MILITARY
SPACE
TECH ENABLERS
CONTROL SYSTEMS ROBOT VISION
LOGISTICS
LOGISTICS
MULTI INDUSTRY
SURGERY*
WAREHOUSE AUTOMATION*
MANUFACTURING
MANUFACTURING
AGRICULTURE
AGRICULTURE*
MARITIME
COLLABORATIVE*
Feed in Numbers
Soonicorns 15 Minicorns 8
Editor Picks 76 Acquihired 61
Deadpooled 33
Industrial Robotics > Feed Summary > BlueBox
7
Funding data excludes Debt, Grants and Post-IPO rounds.Excludes all details for chinese companies

Key Sub Sectors in Industrial Robotics Sector
Summary of Key Markets
8
Top Markets of Investment Activity
# Cos on
Platform
Last 2 Years
$ Invested # Round
Healthcare >
Surgery 56 $610M 19
Logistics >
Warehouse Automation 78 $191M 14
Tech Enablers >
Control Systems 50 $106M 10
Logistics >
Last Mile Delivery 16 $115M 5
Multi-Industry >
Surveillance 22 $46.6M 6
Agriculture 56 $34.2M 8
Service Robots >
Retail 12 $34.6M 6
Tech Enablers > Robot Vision >
Vision Algorithm 22 $41M 5
Tech Enablers > Control Systems >
Cloud-Based 10 $126M 3
Military >
Unmanned Vehicle Systems 45 $76.1M 3
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Healthcare
Companies developing robotic systems to help in
surgery, rehabilitation & other healthcare...
143 70 $2B
Logistics
Companies developing robotic solutions related to
automation of logistics and warehouse...
111 31 $498M
Tech Enablers
Companies developing technology, components or
software for Industrial robots
242 60 $421M
Manufacturing
Companies developing robots for automating factory
operations
240 51 $280M
Space
Companies developing robotic technology for space
applications
6 5 $155M
Multi-Industry
Companies developing robots with application in
multiple industries
131 24 $130M
Military
Companies developing robotic solutions with military
applications
65 14 $117M
Industrial Robotics > Feed Summary > Summary of Key Markets

List of Notable Companies in Industrial Robotics
Notable Companies in the Sector
9
Note: *(Founded Year, Location, Total Funding)
Industrial Robotics > Feed Summary > Notable Companies in the Sector
Public
Hyundai Robotics
(1984, Daegu)*
Cyberdyne
(2004, Tsukuba)
Intuitive Surgical
(1995, Sunnyvale, $47M)
Stereotaxis
(1990, St. Louis, $52M)
Restoration Robotics
(2002, San Jose, $140M)
Balyo
(2005, Moissy-cramayel,
$10.7M)
Yujin Robot
(1988, Seoul)
Aquabotix
(2011, Fall River)
Azorean Aquatic
Technologies
(2012, Ponta Delgada)
Public
Corindus Vascular
Robotics
(2001, Waltham, $90.5M)
Titan Medical
(2008, Toronto, $55.6M)
Mazor Robotics
(2001, Caesarea, $6.3M)
Unibap
(2013, Uppsala, $1.1M)
Cognex
(1981, Natick)
Brooks Automation
(1978, Chelmsford)
ISRA Vision
(1985, Darmstadt)
Visio Nerf
(2013, Milano)
Yaskawa
(1915, Kitakyushu)
Chieftek Precision
(1998, Tainan)
Public
Boomerang Systems
(2006, Florham Park)
DST Robot
(1998, Bucheon-si)
EPSON Robots
(1975, California)
Fanuc
(1956, Yamanashi)
HIWIN Corporation
(1989, Taichung)
Hollund Industrial
(2007, Blaine)
Hyundai Robotics
(1972, Pelham)
Innova Holdings
(2004, Tema)
Inrobtech
(2005, Yavne)
Microbot Medical
(1988, Nesher)
Public
Nachi Fujikoshi
(1928, Toyoma)
Toshiba Machine
(1938, Elk Grove Village)
Transbotics Corp.
(1982, Charlotte)
Unitronics
(1989, Tel Aviv)
Acquired
KUKA Robotics
(1898, Augsburg)
MAKO Surgical
(2004, Lauderdale, $54.6M)
Kiva Systems
(2003, North Reading, $16.6M)
Blue River Technology
(2011, San Francisco, $30.1M)
Universal Robots
(2005, Odense, $1.8M)
Adept
(1983, Pleasanton)
Foster-Miller
(1956, Waltham)
Medtech
(2002, Paris, $6M)
Gimatic
(1985, Roncadelle)

List of Notable Companies by Market in Industrial Robotics
Notable Companies by Market (1/8)
11
Industrial Robotics > Feed Summary > Notable Companies by Market
Healthcare
Surgery
Restoration Robotics (2002, San Jose, $140M)
Stage: Public
InterWest Partners, Alloy Ventures, Sutter Hill
Ventures and 1 Other Investors
Corindus Vascular Robotics (2001, Waltham,
$90.5M)
Stage: Public
Boston Scientific, BioStar Ventures, Consonance
Capital and 3 Other Investors
Titan Medical (2008, Toronto, $55.6M)
A surgeon-controlled robotic surgical system for
MIS
Stage: Public
Ningbo Longtai Medical Technology
Surgery
MAKO Surgical (2004, Lauderdale, $54.6M)
Robotic and implantable surgical solutions
Stage: Acquired
Deerfield, Montreux Equity Partners, Skyline
Stereotaxis (1990, St. Louis, $52M)
Non-invasive magnetically guided probes for
treating heart arrythmia
Stage: Public
HealthCare Royalty Partners, Advantage Capital,
Mitsubishi and 6 Other Investors
Intuitive Surgical (1995, Sunnyvale, $47M)
Robot for minimally invasive surgery
Editor's Pick. Stage: Public
Investor Growth Capital, St. Cloud Capital, Skyline
Surgery
Mazor Robotics (2001, Caesarea, $6.3M)
Semi-robotic bone mounted positioning systems for
spinal surgeries
Stage: Public
Medtronic, Johnson & Johnson, ProSeed Venture
Capital Fund and 2 Other Investors
Medtech (2002, Paris, $6M)
Developer of surgical assistance robots and robotic
arm
Stage: Acquired
Ally Bridge Group, M Capital Partners, Newfund
Capital and 1 Other Investors
Microbot Medical (1988, Nesher)
Micro robotics for robot-assisted micro invasive
surgery
Stage: Public

12
Healthcare
Disinfection
Xenex (2009, San Antonio, $88.3M)
Disinfection robots for healthcare facilities
Soonicorn. Stage: Series D
Piper Jaffray, Malin PLC, Tectonic Ventures and 5
Other Investors
Rehabilitation
AlterG (2005, Fremont, $31.1M)
Anti-gravity treadmill and wearable bionic leg for
rehabilitation
Soonicorn. Stage: Series C
Business Capital, Oxford Finance, Silicon Valley
Bank and 5 Other Investors
Cyberdyne (2004, Tsukuba)
Develops robotic assistive technology and
commercial cleaning robots
Stage: Public
SBI Investment, Venture Laboratory Investment,
JAFCO and 2 Other Investors
Telepresence
InTouch Technologies (2002, Santa Barbara,
$63.7M)
Proprietary communications and mobile robotic
platform
iRobot, Invest Michigan, Galen Partners and 4 Other
Investors

13
Manufacturing
Multi-Utility Robots
Collaborative robot for manufacturing sector
Soonicorn. Stage: Series E
Bezos Expeditions, Charles River Ventures,
Highland Capital Partners and 9 Other Investors
Universal Robots (2005, Odense, $1.8M)
Maker of Collaborative robot arms
Editor's Pick. Stage: Acquired
Growth Fund, Science Ventures, Syddansk
Innovation
Hyundai Robotics (1984, Daegu)
Developer of various types of industrial robots
Stage: Public
Yaskawa (1915, Kitakyushu)
Manufacturer of various industrial robots
Stage: Public
Yujin Robot (1988, Seoul)
Makers of Domestic and Industrial usage robots
Stage: Public
Adept (1983, Pleasanton)
Industrial robotics solutions
Stage: Acquired
Hales Capital Partners, Crosslink Capital
DST Robot (1998, Bucheon-si)
Makers of industrial robots and pet robots
Stage: Public
EPSON Robots (1975, California)
Developer of industrial robots, controllers and
vision guidance modules
Stage: Public
Fanuc (1956, Yamanashi)
Industrial robots and robotic arms
Stage: Public
HIWIN Corporation (1989, Taichung)
Parallel robots and peripherals developer
Stage: Public
Hyundai Robotics (1972, Pelham)
Develops automation robots for industrial purposes
Stage: Public
KUKA Robotics (1898, Augsburg)
Industrial robots and manipulators
Stage: Acquired
Voith
Nachi Fujikoshi (1928, Toyoma)
Developers of various types of automation products
and robotics
Stage: Public
Toshiba Machine (1938, Elk Grove Village)
Developers of various types of industrial
automation solutions
Stage: Public

14
Logistics
Warehouse Automation
Seegrid (2003, Pittsburgh, $65.6M)
Vision Guided Vehicles with auto-navigation
Giant Eagle, Innovation Works
Fetch Robotics (2014, San Jose, $48M)
Robots for logistics and light industrial markets
Soonicorn. Stage: Series B
Sway Ventures, O'Reilly AlphaTech Ventures,
Shasta Ventures and 1 Other Investors
Kindred (2014, San Francisco, $44M)
Building robots with human like intelligence
Eclipse, First Round Capital, Eleven Two Capital and
5 Other Investors
GreyOrange (2011, Gurgaon, $38.6M)
Develops warehouse automation robots
Tiger Global Management, Blume Ventures, Silicon
Straits and 3 Other Investors
Warehouse Automation
Kiva Systems (2003, North Reading, $16.6M)
Mobile-robotic fulfilment system
Stage: Acquired
Bain Capital Ventures, Meakem Becker Venture
Capital, Supply Chain Venture
Balyo (2005, Moissy-cramayel, $10.7M)
Seventure Partners, Bpifrance, Linde Material
Handling and 3 Other Investors
Transbotics Corp. (1982, Charlotte)
Develops automated guided vehicles for industries
Stage: Public
Last Mile Delivery
Self-driving delivery vehicle for local commerce
Soonicorn. Stage: Series A
Greylock Partners, Banyan Capital Partners
Starship Technologies (2014, Tallinn, $17.2M)
Self-driving delivery robots
Soonicorn. Stage: Seed
Daimler, Shasta Ventures, Matrix Partners and 7
Other Investors

15
Service Robots
Retail
Bossa Nova Robotics (2005, Pittsburgh,
$41.7M)
Develops robots for retail stores
Intel Capital, Cota Capital, Paxion Capital Partners
and 5 Other Investors
Valet Parking
Boomerang Systems (2006, Florham Park)
Automated robotic parking using AGVs
Stage: Public
Unitronics (1989, Tel Aviv)
Robotic parking solutions provider
Stage: Public
Military
Unmanned Vehicle Systems
Foster-Miller (1956, Waltham)
Develops robotic solutions for military
Stage: Acquired
Innova Holdings (2004, Tema)
Develops robotic hardware and software for
defense applications
Stage: Public
Inrobtech (2005, Yavne)
Developed of unmanned ground vehicles for
defense sector
Stage: Public

16
Maritime
Unmanned Surface Vehicles
Azorean Aquatic Technologies (2012, Ponta
Delgada)
Robots for research and exploration of marine
environments
Stage: Public
Automated Underwater Vehicles
Aquabotix (2011, Fall River)
Manufactures ROV & underwater cameras and
develops smart technology applications for ROV
Stage: Public
Hollund Industrial (2007, Blaine)
Underwater remote manipulator system
Stage: Public
Agriculture
Agriculture
Blue River Technology (2011, San Francisco,
$30.1M)
Computer vision and robotics for weed control in
agriculture
Soonicorn. Stage: Acquired
Pontifax Agtech, Syngenta Ventures, Monsanto and
7 Other Investors

17
Multi-Industry
Multipurpose Robotic Platforms
Clearpath Robotics (2008, Kitchener, $41.8M)
Unmanned vehicle systems with multiple
applications
Inovia Capital, Caterpillar, GE Ventures and 8 Other
Investors
Surveillance
Autonomous crime prevention technology robots
Konica Minolta, Bright Capital, Seedinvest and 9
Other Investors
Tech Enablers
Actuators
Chieftek Precision (1998, Tainan)
Develops linear motion drives for industrial robots
Stage: Public
Gimatic (1985, Roncadelle)
Developer of grippers and End-of-arm tooling for
robots
Stage: Acquired
Xenon Private Equity

18
Tech Enablers
Robot Vision
Unibap (2013, Uppsala, $1.1M)
Develops vision based robot navigation systems
Stage: Public
Cognex (1981, Natick)
Develops machine vision offerings for industrial
robots
Stage: Public
Venrock
ISRA Vision (1985, Darmstadt)
Robotic vision and surface vision sensors
Stage: Public
Taaleri, IBB Beteiligungsgesellschaft
Visio Nerf (2013, Milano)
3D Vision sensors and PLCs for robots
Stage: Public
Control Systems
Developing artificial intelligence for robots
Khosla Ventures, Samsung Venture Investment,
Wipro Ventures and 34 Other Investors
Develops technology for autonomy of self-driving
robots
SoftBank Group
Electronics
Electronics
Brooks Automation (1978, Chelmsford)
Develops vacuum robots for wafer handling
operations
Stage: Public
Western Technology Investment

List of Notable Companies in Industrial Robotics in China
Notable Companies in the Sector in China
19
Industrial Robotics > Feed Summary > Notable Companies in the Sector in China
Public
CSG Smart Science &
Technology
(2010, Hefei)
FD Robot
(2012, Sichuan)
Greatoo
(2001, Jieyang)
Siasun Robot
(2000, Shenyang)
Soonicorns
CloudMinds
(2015, Shenzhen, $130M)
Geek+
(2015, Chaoyang, $81.7M)

Recent News in Industrial Robotics Sector
Recent News
20
Industrial Robotics > Feed Summary > Recent News
Mar 2018
Global Wireless Network Infrastructure Ecosystem Market 2018 –
ABB, Cisco, Ericsson, Huawei, ZTE, Nokia, Fujitsu, truthweek.com
Mar 2018
Global Box-type Substation Market Outlook 2018- ABB, Schneider
Electric, Siemens, GE, Toshiba, Lucy Electric, truthweek.com
Mar 2018
Chinese Warehouse Robot Maker to Advance Production With
USD1.6 Million Funding, Yicai Global
Mar 2018 Universal Robots Focuses on SMEs in India, Entrepreneurs of India
Mar 2018
Opentrons Releases Next-Gen Lab Robot, Closes $10M Seed Funding
Round, PR Newswire
Mar 2018 ABB introduces remote service centres to UAE market, Utilities ME
Mar 2018
ABB bags contract to upgrade two HVDC transmission links in
Australia, Energy Business review
Mar 2018
Güdel Introduces TMF-6 TrackMotion Floor for FANUC M2000iA
Robot Family, RoboticsTomorrow
Mar 2018
OTTO Motors Introduces API Integration Solution, Enabling
Connected Industrial Automation for Manufacturers,
PressReleasePoint
Mar 2018
OSU robotics spinoff secures $8 million in new funding,
RoboticsTomorrow
Mar 2018
ABB to enhance power reliability in U.S. capital,
WindpowerEngineering
Mar 2018
Subsea Tech unveils automatic seafloor classification system, Your
Subsea News
Key Recent News Key Recent News
Mar 2018
ABB’s New ClimaECO Improves Efficiency of HVAC with KNX
Automation Solution, SMAhome
Mar 2018
ABB’s new solar power storage solution achieves 90 percent energy
self-reliance, PV Magazine
Mar 2018 Riptide Launches Second Generation µUUV, Marine Technology News
Mar 2018
Sarcos Teams with Leading Industrial Innovators to Form
Exoskeleton Technical Advisory Group, Business Wire
Mar 2018 Sea Machines Opens Office in Hamburg, MarineLink
Mar 2018
ASV Global Wins Contract to Supply Unmanned Surface Vehicle to
The University of Southern Mississippi, The American Surveyor
Mar 2018 ABB to Equip AET's New Shuttle Tankers, Maritime Activity Reports
Mar 2018
ABB Delivers Virtual Flow Meters Powered by Arundo Analytics,
Business Wire
Mar 2018
Global Connected Mining Market 2017-2023: Major Players are
Cisco, ABB, Trimble Navigation, Rockwell Automation, Hexagon,
Symboticware and SAP - ResearchAndMarkets.com, Business Wire
Mar 2018 Sepro posts fifth consecutive year of record sales, Canadian Plastics
Mar 2018
ABB launches its most economical charging solution for electric
vehicles, ParkNews
Mar 2018
ASV Global Develops Containerised Autonomous Marine Laboratory
for Developing Countries, The American Surveyor

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
21
Funding Trends
Median Deal Size and Trend
New Entrants in Funding Club
Distribution of companies by Funding Range
Funding Funnel of the Sector
Top Investments and Investors
Investors in Unicorn club

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$119M
$154M
$195M
$137M
$306M
$548M
$406M
$1.1B
0
10
20
30
40
50
60
70
80
90
$0k
$200M
$400M
$600M
$800M
$1.B
$1.2B
2010 2011 2012 2013 2014 2015 2016 2017
$ Funding # Rounds
3 Year CAGR
6 Year CAGR
Investments ($M) and number of rounds in Industrial Robotics; 2011-2017
Global Funding Trends (1/2)
23
Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Industrial Robotics > Investment Trends > Global Funding Trends
#Rounds
$Funding
23% $ Funding
44% $ Funding
20% # of Rounds
27% # of Rounds

8 12 15 18 28 25 36 28
13
8 15
14 20
29
30
48
5 5 6 5 8 13 10
6
2010 2011 2012 2013 2014 2015 2016 2017
Seed Early Stage Late Stage
26
82
Total # of Rounds
$4M $4M $10M $6M $17M $15M $40M $45M
$69M
$44M
$88M
$51M
$146M
$234M
$239M
$568M
$45M $106M $97M $80M $143M $299M $127M $508M
2010 2011 2012 2013 2014 2015 2016 2017
Seed Early Stage Late Stage
$20M
$88M $64M $45M
$191M
$332M
$173M
$779M
0
2
4
6
8
10
12
14
16
0
100000000
200000000
300000000
400000000
500000000
600000000
700000000
800000000
900000000
2010 2011 2012 2013 2014 2015 2016 2017
$ Funding # of Rounds
24
Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Stage-wise Number of RoundsStage-wise $ Invested
New Entrants in Funded ClubMega Rounds
Global Funding Trends (2/2)
Investments ($M) and number of rounds in Industrial Robotics; 2011-2017
Industrial Robotics > Investment Trends > Global Funding Trends
10
15
17
27
29
38
35 171
$0.3M $3.3M
$0.0M
$2.0M
$4.0M
$6.0M
$8.0M
$10.0M
$12.0M
$14.0M
0
20
40
60
80
100
120
140
160
180
2001-2011 2012 2013 2014 2015 2016 2017 Total
Entrants in Funding Club Avg. Ticket Size
1 3 2 1 6 7 5 14 $0.3M $3M $1.6M $1.1M $1.9M $3.9M $11.5M $3.3M
$119M
$1.1B
Total $ Invested

Industrial Robotics > Investment Trends > Funding Trends by Geography
Investments ($M) and number of rounds in Industrial Robotics
Funding Trends by Geography
Funding Trends by Geography Top Cities of Funding
City $ Funding # Rounds
Bay Area 1.6B 118
Pittsburgh 220M 50
Boston 203M 19
Redwood Shores 187M 5
Raynham 168M 11
Tokyo 154M 13
San Diego 114M 7
Durham 96M 4
Cambridge 90.3M 10
San Antonio 88.3M 5
Total Funding
328
116
16
12
23
11
5
1
# Rounds
$3.2B
$260M
$164M
$131M
$72.6M
$68.2M
$16.9M
$4M
US
Europe
Japan
Israel
India
Canada
SEA
Australia
Note: Excludes funding information of China companies

Trend of Average Deal Size ($M)
$0.4
$0.7 $0.4
$0.8 $0.8
$1.6
$2.0
2011 2012 2013 2014 2015 2016 2017
$2.6
$6.5
$4.5
$7.1
$5.4
$8.1
$11.2
$7.3
$5.8 $4.8
$13.5 $15.9 $17.0 $16.5
$21.2 $16.2 $16.1 $20.5
$29.9
$15.8
$84.7
Industrial Robotics > Investment Trends > Median Deal Size and Trend
Median and Average Deal Size in $M (per Stage) in Industrial Robotics; 2011-2017
Median Deal Size and Trend
Note: Excludes funding information of Chinese companies. *Graph not to scale
Median Deal Size and Range
$5K* $11M
$50K $31M
$92K $80M
$50K $1B
$22M
$7M
$2.8M
$0.3M
Series C+
Series B
Series A
Seed
Stage

Note: 174 companies with undisclosed funding amount are not included
27
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
51
72
57
16
7
No. of Companies
Industrial Robotics > Investment Trends > Distribution of companies by Funding Range
No. of companies by funding range in Industrial Robotics; as of Mar 2018
Distribution of companies by Funding Range
$17M
$260M
$1.3B
$1.1B
$1.4B
$ Investment

Stage No. of Companies
Funding
Funnel
100%
25%
10%
4%
2%
28
Note: Numbers in the brackets show the count of companies
Time to raise
next round
33
60
136
348
1403
Series C+
Series B
Series A
Funded
Founded
Next
Round
100M+
Valuation
Exits
Acqui-
Hired
Dead
Pooled
Others
25% 4%
(57)
3%
(42)
4%
(63)
2%
(35)
68%
(957)
39% 13%
(45)
9%
(30)
6%
(21)
1%
(5)
53%
(186)
44% 19%
(26)
9%
(12)
7%
(10)
1%
(2)
47%
(64)
55% 38%
(23)
17%
(10)
8%
(5)
3%
(2)
33%
(20)
- 45%
(15)
24%
(8)
9%
(3)
6%
(2)
36%
(12)
Industrial Robotics > Investment Trends > Funding Funnel
Number of companies progressing to subsequent funding stages in Industrial Robotics
Funding Funnel
15 Months
16 Months
20 Months
Investment backedBootstrapped
16
11
22
1
11
Soonicorns
Unicorns
Acquisitions
IPOs

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Industrial Robotics > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Industrial Robotics; Mar 2016-Mar 2018
Notable Investments in last 24 months (1/5)
LATE STAGE
$280M - Series D Aug 2017
$513M)
Robotic surgical system for ophthalmology
Coatue Management, Mithril, Lux Capital, Highland
Capital Management, Viking Global Investors
$118M - Series C Feb 2018
PROCEPT BioRobotics (2009, Redwood
Shores, $187M)
Robotic water-based therapy for prostate tissue
removal
Viking Global Investors, Perceptive Advisors,
Physicians Management Group
$114M - Series C Jul 2017
Develops technology for autonomy of self-driving
robots
SoftBank Group
LATE STAGE
$50M - Series D Jul 2017
Khosla Ventures
$49M - Series D Jul 2016
$513M)
Robotic surgical system for ophthalmology
$40M - Series D Feb 2018
Piper Jaffray, Malin PLC, Tectonic Ventures, EW
Healthcare Partners
$36M - Series E Aug 2017
Collaborative robot for manufacturing sector
Bezos Expeditions, Charles River Ventures, Highland
Capital Partners, Sigma Partners, DFJ, Two Sigma
Ventures, GE Ventures, Goldman Sachs, Schroder
Adveq
LATE STAGE
$23.9M - Series D Aug 2016
Restoration Robotics (2002, San Jose, $140M)
$20M - Series H Jan 2017
Medrobotics (2005, Raynham, $168M)
Flexible robotic surgical devices for laparoscopic
procedures
$15M - Series C Jun 2016
InTouch Technologies (2002, Santa Barbara,
$63.7M)
Proprietary communications and mobile robotic
platform
$14M - Series C Apr 2016
$12M - Series C Aug 2016
Giant Eagle

LATE STAGE
$8M - Series C Nov 2017
AlterG (2005, Fremont, $31.1M)
Anti-gravity treadmill and wearable bionic leg for
rehabilitation
Business Capital
$3M - Series C Aug 2016
EARLY STAGE
$92M - Series A Jan 2018
Self-driving delivery vehicle for local commerce
Greylock Partners, Banyan Capital Partners
$90.2M - Series A Dec 2017
ispace (2013, Tokyo, $90.2M)
Developing micro-robots that locate the resources
necessary to extend human life into outer space
Innovation Network Corporation of Japan,
Development Bank of Japan, Japan Airlines, , Konica
Minolta, Shimizu Corporation, SPARX, DENTSU,
Realtech Fund, KDDI, Toppan Printing
$50M - Series B Sep 2016
Unmanned Ground Vehicles development and
manufacturing
Generali
EARLY STAGE
$30M - Series B Oct 2016
Clearpath Robotics (2008, Kitchener, $41.8M)
Unmanned vehicle systems with multiple
applications
Inovia Capital, Caterpillar, GE Ventures, Eclipse, RRE
Ventures, Silicon Valley Bank
Eclipse, First Round Capital
$26M - Series A Sep 2017
Cambridge Medical Robotics (2014,
Cambridge, $46.3M)
Universal robotic system for minimal access surgery
Cambridge Innovation Capital, LGT Capital Partners,
Escala Capital, ABB, Watrium
$25M - Series B Jan 2018
Konica Minolta, Bright Capital

EARLY STAGE
$25M - Series B Dec 2017
Sway Ventures, O'Reilly AlphaTech Ventures, Shasta
Ventures, SoftBank Group
$25M - Series B Nov 2017
Locus Robotics (2014, Massachusetts, $39M)
Warehouse fulfillment & automation through robots
Scale Venture Partners
$25M - Series A Sep 2017
Kinova (2006, Boisbriand, $25M)
Personal robotics for assistive and service purposes
Fonds Manufacturier Quebecois, KTB Network,
Foxconn Electronics, BDC Capital
$24.8M - Series B Feb 2018
Magazino (2014, Munich, $687k)
Develops robotics for warehousing industry
Fiege Logistics, Körber AG, Cellcom, Zalando SE
EARLY STAGE
$20.3M - Series A Jul 2016
Cambridge Medical Robotics (2014,
Cambridge, $46.3M)
Universal robotic system for minimal access surgery
ABB, LGT, Cambridge Innovation Capital
Seedinvest
$20M - Series B Jan 2017
Moon Express (2010, Mountain View, $44.1M)
Lunar transportation and mining services
$20M - Series B Aug 2017
SoftWear Automation (2014, Atlanta, $24.5M)
Robotic sewing machine
EARLY STAGE
$20M - Series A Feb 2018
CommonSense Robotics (2014, Tel Aviv,
$26M)
Robotic micro fulfillment solutions for online
grocery
Playground Global, Aleph Venture Capital,
Innovation Endeavors
$17.5M - Series B Nov 2017
$41.7M)
Intel Capital, Cota Capital, Paxion Capital Partners,
Walden Riverwood Ventures, Lucas Venture Group
$15.6M - Series A Jan 2017
Sarcos (2015, Salt Lake City, $26.1M)
Developers of dexterous robotic systems for use in
unstructured environments
Schlumberger

EARLY STAGE
$14M - Series A Apr 2016
$41.7M)
Walden Riverwood Ventures
$14M - Series A Jan 2017
Neurala (2006, Cambridge, $16.2M)
Develops software for drone and robot autonomy
Pelion Venture Partners, Sherpa Capital, Motorola
Solutions, 360 Capital Partners, Draper Associates,
SK Ventures, BYU Cougar Capital, Electranova
Capital, Ecomobility Ventures, Idinvest Partners
$13.4M - Series A Nov 2016
Transcriptic (2012, Menlo Park, $27.7M)
Cloud-based remote robotic bio-lab
Data Collective, Digital Science, WuXi AppTec, AME
Cloud Ventures
EARLY STAGE
$10.5M - Series A Sep 2016
Sarcos (2015, Salt Lake City, $26.1M)
Developers of dexterous robotic systems for use in
unstructured environments
Caterpillar, Microsoft, GE Ventures, Cottonwood
Technology Fund
$8M - Series A May 2016
Warehouse fulfillment & automation through robots
$1M - Series A Jun 2017
Konica Minolta
$555k - Series B Feb 2018
Series A Jun 2017
Brandhaus Capital
SEED STAGE
$17.2M - Seed Jan 2017
Starship Technologies (2014, Tallinn, $17.2M)
Self-driving delivery robots
Daimler, Shasta Ventures, Matrix Partners, ZX
Ventures, Morpheus Ventures, Grishin Robotics,
Playfair Capital
$6M - Seed Aug 2017
$26M)
grocery
Aleph Venture Capital, Innovation Endeavors
$1.4M - Angel Nov 2016
Axiom Research Labs (2010, Bangalore,
$18.1M)
Developing and building space rovers
$1.2M - Seed Jun 2016
Neurala (2006, Cambridge, $16.2M)
Develops software for drone and robot autonomy
Draper Associates, Haiyin Capital

SEED STAGE
Seed May 2016
Clean Robotics (2015, Pittsburgh)
Develops intelligent smart bins that recycles
automatically
HAX

Industrial Robotics > Investment Trends > Notable Investments in last 24 months in China
Notable Investments in last 24 months in China
LATE STAGE
$22M - Series C Jul 2017
Slamtec (2013, Shanghai, $22M)
Builds robotics platform and a 2D-LiDAR scanner
China Equity Group, ChinaVest
EARLY STAGE
$100M - Series A Feb 2017
CloudMinds (2015, Shenzhen, $130M)
Cloud robotics company
SB China Capital, Bojang Capital Management,
Shenzhen Capital Group, Walden International,
Keytone Ventures,
$60M - Series B Jul 2017
Geek+ (2015, Chaoyang, $81.7M)
Warehouse automation robots
Volcanic Capital, Warburg Pincus
$29M - Series B Mar 2017
Flashhold (2014, Shanghai, $35M)
Develops AGVs for warehouse automation
SB China Capital, Cainiao Logistics
$14M - Series B Mar 2017
Vertex Ventures China, Banyan Capital
EARLY STAGE
$7.7M - Series A May 2016
Banyan Capital

Most Active Investors (VC, PE) by Stage in Industrial Robotics; Last 5 years (Mar 2013-Mar 2018)
Most Active VC & PE Investors
35
Industrial Robotics > Investment Trends > Most Active VC & PE Investors
SEED STAGE
High-Tech Grunderfonds(4 Investments)
Magazino, Adlatus, Medineering
1
Almi (3 Investments)
Ginolis, CBot, Rotundus
2
AME Cloud Ventures(3 Investments)
Transcriptic, Savioke, Modbot
3
Draper Associates (2 Investments)
Neurala, OttoRobotics
4
Eclipse(2 Investments)
Modbot, 6River Systems
5
Isomer Capital (2 Investments)
Automata, Automata Technologies
6
Morado Ventures(2 Investments)
Savioke, Modbot
7
True Ventures (2 Investments)
OpenROV, Tend.ai
8
1517 Fund
Maidbot
9
360 Capital Partners
Neurala
10
EARLY STAGE
Intel Capital (4 Investments)
Savioke, Persimmon Tech, Bossa Nova Robotics
1
Eclipse(3 Investments)
Clearpath Robotics, Kindred, Marble
2
GV (3 Investments)
Blue Vision Labs, Veo Robotics, Abundant Robotics
3
Lux Capital (3 Investments)
Auris Surgical Robotics, Saildrone, Veo Robotics
4
Mitsubishi UFJ Capital (3 Investments)
HiBot, Life Robotics, 3D Media
5
Fontinalis Partners (2 Investments)
Humatics, Autonomous Marine Systems
6
Formation 8 (2 Investments)
Vicarious, Grabit
7
GE Ventures(2 Investments)
Clearpath Robotics, Sarcos
8
I2BF Global Ventures(2 Investments)
RoboCV, Autonomous Marine Systems
9
Idinvest Partners (2 Investments)
Neurala, Stanley Robotics
10
LATE STAGE
Balyo
1
Agate Medical investments
Medical Surgical
Technologies
2
Antea Participaties
5BY2 Parking
3
EW Healthcare Partners
Xenex
4
GE Ventures
Rethink Robotics
5
Hannover Finanz
IPR Robotics
6
Khosla Ventures
Vicarious
7
Samsung Venture Investment
Vicarious
8
Schroder Adveq
Rethink Robotics
9
SCP Vitalife
Medical Surgical
Technologies
10

Industrial Robotics > Investment Trends > Most Active Ecosystem Investors
Top Ecosystem Investors in Industrial Robotics; Last 5 years (Mar 2013-Mar 2018)
Most Active Ecosystem Investors
INCUBATOR
SOSV(8 Investments)
Carbon, Dispatch, Rational Robotics
1
Comet Labs(6 Investments)
Abundant Robotics, Maidbot, IAM Robotics
2
Techstars(6 Investments)
Carbon, CtrlWorks, Sea Machines
3
Y Combinator(5 Investments)
Transcriptic, Gecko Robotics, Anybots
4
500 Startups(3 Investments)
Transcriptic, COSY, Autonomous.ai
5
Ben Franklin Technology Partners(3
Investments)
COSY, Telefactor Robotics, Gecko Robotics
6
HAX(2 Investments)
Avidbots, Clean Robotics
7
Entrepreneur First(2 Investments)
Automata, Automata Technologies
8
Venture Kick(2 Investments)
Rovenso, Lambda Health System
9
Alchemist Accelerator
Kugar
10
OTHER NOTABLE INVESTORS
ABB(6 Investments)
Vicarious, Grabit, Persimmon Tech
1
Innovation Works(6 Investments)
RedZone Robotics, Bossa Nova Robotics, RE2 Robotics
2
Playground Global(5 Investments)
CommonSense Robotics, Canvas Technology, RightHand Robotics
3
Caterpillar(4 Investments)
Clearpath Robotics, 5D Robotics, Sarcos
4
National Science Foundation(4
Investments)
BluHaptics, Harvest Croo Robotics, SynTouch
5
Plug and Play Tech Center(4 Investments)
Knightscope, Grabit, Fellow Robots
6
BDC Capital(3 Investments)
Clearpath Robotics, Kinova, Novarc Technologies
7
Bpifrance(3 Investments)
Robocath, Balyo, Stanley Robotics
8
Qualcomm(3 Investments)
CtrlWorks, Muse Robotics, Green Robot Machinery
9
Autodesk(2 Investments)
Moon Express, Modbot
10
DEBT INVESTORS
Hercules Capital(3 Investments)
Medrobotics, Oraya Therapeutics, Persimmon Tech
1
Silicon Valley Bank(3 Investments)
Clearpath Robotics, AlterG, Transcriptic
2
Moscow Seed Fund
ExoAtlet
3

Industrial Robotics > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (1/4)

Industrial Robotics > Investment Trends > Unicorn Investors in the Sector
Unicorn Investors in the Sector

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
42
BlueBox
Key Sub Sectors
Detailed Sector Taxonomy
Top Markets of Investment Activity
Top Markets of Early Stage Investors
Other Notable Markets
Market Deep Dive

Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
3D Printing
Mar 2018
Internet of Things
InfrastructureMar 2018
Consumer Robotics
Feb 2018

Marketmap: Industrial Robotics
44
Industrial Robotics > Market Details > BlueBox

Key Sub Sectors (1/2)
45
Key Sub Sectors in Industrial Robotics
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Healthcare
Companies developing robotic systems to help in surgery, rehabilitation & other healthcare
activities
Restoration Robotics (2002, San Jose,
Public)
$513M)
143 70 $2B
Logistics
Companies developing robotic solutions related to automation of logistics and warehouse
operations
Kiva Systems (2003, North Reading,
Acquired)
111 31 $498M
Tech Enablers
Companies developing technology, components or software for Industrial robots
5D Robotics (2009, Carlsbad, Acquired)
242 60 $421M
Manufacturing
Companies developing robots for automating factory operations
Robotic Drilling Systems (2005, Sandnes,
Acquired)
240 51 $280M
Space
Companies developing robotic technology for space applications
ispace (2013, Tokyo, $90.2M)
Moon Express (2010, Mountain View,
$44.1M)
6 5 $155M
Multi-Industry
Companies developing robots with application in multiple industries
MobileRobots (1995, Amherst, Acquired)
131 24 $130M
Military
Companies developing robotic solutions with military applications
Boston Dynamics (1992, Waltham,
Acquired)
65 14 $117M
Maritime
Companies developing sailing or diving robots with marine applications
Liquid Robotics (2007, Sunnyvale,
Acquired)
Saildrone (2014, Alameda, $16.5M)
124 18 $110M
Industrial Robotics > Market Details > Key Sub Sectors

Key Sub Sectors (2/2)
46
Key Sub Sectors in Industrial Robotics
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Agriculture
Companies developing robots for automation of agricultural work
Blue River Technology (2011, San
Francisco, Acquired)
Harvest Automation (2007, Billerica,
$27.9M)
56 13 $99.4M
Service Robots
Companies developing robots that provide a particular service at a commercial establishment
Precise Path Robotics (2006, Indianapolis,
Acquired)
$41.7M)
128 30 $96.3M
Industrial Robotics > Market Details > Key Sub Sectors

Detailed Sector Taxonomy (1/6)
47
Industrial Robotics > Market Details > Detailed Sector Taxonomy

48

49

50

51

52

Rank Market
Last 2 Years
$ Invested # Round Top Funded Company
1
(-)
Healthcare > Surgery
Companies developing remotely controlled minimally invasive surgical robotic systems
(Companies covered 56 | Funded 38 | Total Funding $1.7B)
$610M
(+$190M)
19
(-2)
Auris Surgical Robotics
(2009, San Carlos, $513M)
2
(-)
Logistics > Warehouse Automation
Companies developing robots used in warehouse automation
(Companies covered 78 | Funded 21 | Total Funding $326M)
$191M
(+$92.3M)
14
(+2)
Kindred
(2014, San Francisco, $44M)
3
(-)
Tech Enablers > Control Systems
Companies developing systems and software for robot control
$106M
(+$88.2M)
10
(+5)
Vicarious
4
(+10)
Logistics > Last Mile Delivery
Companies developing robots that perform last mile delivery operations in urban environments
$115M
(+$115M)
5
(+4)
Nuro.ai
(2016, Menlo Park, $92M)
5
(+1)
Multi-Industry > Surveillance
Companies developing robots used for perimeter surveillance and enforcing security
(Companies covered 22 | Funded 6 | Total Funding $61.6M)
$46.6M
(+$32.8M)
6
(+3)
Knightscope
(2013, Sunnyvale, $57.9M)
6
(-1)
Agriculture
(Companies covered 56 | Funded 13 | Total Funding $99.4M)
$34.2M
(+$13M)
8
(+5)
QualySense
(2010, Dubendorf, $17.3M)
7
(+2)
Service Robots > Retail
Companies developing robots that provide assistance in retail sector
$34.6M
(+$25.3M)
6
(+4)
Bossa Nova Robotics
(2005, Pittsburgh, $41.7M)
53
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets of Investment Activity (1/3)
Top Markets by Funding in Industrial Robotics in last 2 years (March 2016 - February 2018)
Industrial Robotics > Market Details > Top Markets of Investment Activity

Rank Market # Investments Key Investments
1
Tech Enablers > Control Systems
Companies developing systems and software for robot control
(Companies created 50 | Funded 14 | Total Funding $204M )
2
Blue Vision Labs (2016, London, $17M)
Perrone Robotics (2001, Charlottesville, $0)
2
Logistics > Last Mile Delivery
Companies developing robots that perform last mile delivery operations in urban environments
1 Nuro.ai (2016, Menlo Park, $92M)
3
Service Robots > Retail
Companies developing robots that provide assistance in retail sector
1 Bossa Nova Robotics (2005, Pittsburgh,
$41.7M)
4
Agriculture
(Companies created 56 | Funded 13 | Total Funding $99.4M )
1 Abundant Robotics (2016, Menlo Park,
$10M)
Note: Investors considered - Sequoia Capital, Accel Partners, Andreessen Horowitz, NEA, Greylock Partners, General Catalyst Partners, Benchmark Capital, KPCB, Khosla Ventures, Redpoint Ventures, Founders Fund, SV Angel, Index Ventures, Bessemer
Venture Partners, Lightspeed Venture Partners, Venrock, Draper Fisher Jurvetson, Institutional Venture Partners, Intel Capital, Battery Ventures
56
Top Markets of Early Stage Investors
Top Markets where Early Stage Investors are investing in last 2 years (March 2016 - February 2018)
Industrial Robotics > Market Details > Top Markets of Early Stage Investors

Incubators Venture Kick (#2)
Seed Hoya (#1), Go Capital (#1)
Series A/B
Pittsburgh Life Sciences Greenhouse (#2), Synergy Life
Science Partner (#2)
Series C+ Viking Global Investors (#2), Clarus Ventures (#1)
Restoration Robotics Oct - 2017
IPO'd
Medtech Jul - 2016
Acq by Zimmer Biomet for $132M
Corindus Vascular Robotics
Aug - 2014
IPO'd on AMEX
MAKO Surgical Dec - 2013
Acq by Stryker for $1.7B
TransEnterix Sep - 2013
Acq by SafeStitch
$118M - Series C
PROCEPT BioRobotics (2009,
Redwood Shores, $187M)
$86.7k - Series A
Houston Medical Robotics (2009,
Houston, $2.3M)
$18M - Series B
Virtual Incision (2006, Lincoln,
$31.2M)
$2M - Series A
Robocath (2009, Rouen, $9.4M)
$10.1M - Series B
Riverfield (2014, Tokyo, $12.1M)
$26M - Series A
Cambridge Medical Robotics
(2014, Cambridge, $46.3M)
Mar 2018
Corindus Announces $25M Private Placement of Series A
Convertible Preferred Shares and Warrants, Citybizlist
Mar 2018 Titan Medical Announces Director Resignation, GlobeNewswire
Mar 2018
Corindus Reports Fourth Quarter and Full Year 2017 Results,
Business Wire
Mar 2018 James R. Tobin Joins Corindus Board of Directors, BioSpace
Mar 2018 Stereotaxis reports Q4 results, Seeking Alpha
Feb 2018
Titan Medical Granted Patent Related to Instrument End-
Effector for Use in Robotic Surgery, Sector Publishing
Intelligence
Feb 2018
Procept BioRobotics Raises $118M for Robotic Prostate
Surgery, The Robot Report
Feb 2018
Corindus Receives FDA Clearance for CorPath® GRX System
in Peripheral Vascular Interventions, Medical Device News
Magazine
Feb 2018
Mazor Robotics Reports Record Fourth Quarter & Full Year
2017 Financial Results, OrthoSpineNews
Feb 2018 Titan Medical Reports 2017 Financial Results, Euroinvestor
Feb 2018
Intuitive Surgical Settles Shareholder Suits For USD 12
Million, Medical Buyer
Jan 2018
Preclinical Mayo Clinic study to investigate off-site, robotic-
assisted coronary procedures, MobiHealthNews
Dec 2017
Mazor Subject to Israeli Securities Investigation, Orthopedics
This Week
Dec 2017
TransEnterix unloads ownership of FDA-rejected SurgiBot
for $29M, The Business Journals
News
0
2
4
6
8
10
12
$0k
$100M
$200M
$300M
$400M
$500M
2013 2014 2015 2016 2017
YoY Funding Rounds
11
13
30
38
56
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Healthcare > Surgery: Market Factsheet
Market: Surgery
57
Exits
Recent Investments
YoY Funding and Rounds
Companies developing remotely
controlled minimally invasive
surgical robotic systems
Auris Surgical Robotics
(2009, San Carlos, $513M)
PROCEPT BioRobotics
(2009, Redwood Shores, $187M)
Medrobotics
(2005, Raynham, $168M)
Cambridge Medical Robotics
(2014, Cambridge, $46.3M)
NeoGuide Systems
(2000, San Jose, $39M)
Top Companies
#1 Top Markets of Investment Activity
Industrial Robotics > Market Details > Market: Surgery
Companies Created 56 | Funded 38 | Total Funding $1.7B

Healthcare > Surgery: Top Companies
Market: Surgery
Analyst’s Pick
Intuitive Surgical (1995, Sunnyvale, $47M)
Investor Growth Capital, St. Cloud Capital, Skyline
Axilum Robotics (2011, Strasbourg)
Developer of robot for assisting healthcare
professionals
Editor's Pick. Stage: Funded
Inserm Transfert Initiative
Magnebotix (2014, Zurich)
Research into microrobots
Editor's Pick. Stage: Unfunded
MicroSure (2014, Eindhoven)
Robot assisted Microsurgery
Preceyes (2011, Eindhoven)
Robotic solutions to assist in eye surgery

Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
59
Healthcare > Surgery: Leaderboard
Market: Surgery
Better than Market Average
Overall
Rating
Company
Name
Foun
ded
Year
Location Stage Funding Team
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0
Corindus
Vascular
Robotics
2001 Waltham Public $91M - - - - 29 1.5M 2.5k - - -22k -1% - - 73 3%
4.9 TransEnterix 2005 Durham Acquired $96M - - - - 37 782k 1.4k - - -1.6M -69% - - 856 155%
4.8
PROCEPT
BioRobotics
2009
Redwood
Shores
Series C $187M - - - 4 6 2.5M 118 - - -3.3M -58% - - - -
4.7 Think Surgical 2007 Fremont Series C $13M - - - 2 2 3.1M - - - 2M 158% - - - -
4.6
Mazor
Robotics
2001 Caesarea Public $6M - - - - 28 796k 3.1k - - -176k -23% - - 283 10%
4.5 Medtech 2002 Paris Acquired $6M - - - - 3 3M 807 - - 2M 84% - - 36 5%
4.4 Stereotaxis 1990 St. Louis Public $52M - - - - 8 1.5M 289 - - -2.9M -67% - - 67 29%
4.4
Cambridge
Medical
Robotics
2014 Cambridge Series A $46M - - - - 8 1.3M 709 - - -144k -10% - - 193 33%
4.3
Restoration
Robotics
2002 San Jose Public $140M - - - - 10 1.8M 422 - - 277k 25% - - -7 -2%
4.2 Blue Belt Tech 2003 Pittsburgh Acquired $2M - - - - 1 10M 153 - - - - - - 2 1%
4.1
Freehand
Surgeon
1996 Guildford Series A $1M - - - - 1 10M 82 - - 11M 548% - - 36 60%
4.0
Intuitive
Surgical
1995 Sunnyvale Public $47M - - - - 21 200k 414 - - -39k -16% - - - -

Incubators Comet Labs (#1)
Seed Blume Ventures (#1), Aleph Venture Capital (#1)
Series A/B Innovation Works (#1), Eclipse (#1)
Series C+ 360 Capital Partners (#1), Giant Eagle (#1)
Balyo Jun - 2017
IPO'd on EURONEXT
$24.8M - Series B
$20M - Series A
CommonSense Robotics (2014, Tel
Aviv, $26M)
$9M - Series A
inVia Robotics (2015, Los Angeles,
$9M)
$25M - Series B
$25M - Series B
Locus Robotics (2014, Massachusetts,
$39M)
$28M - Series B
$500k - Seed
IAM Robotics (2012, Pittsburgh,
$500k)
$6M - Seed
CommonSense Robotics (2014, Tel
Aviv, $26M)
$15M - Series A
6River Systems (2015, Boston,
$21.7M)
Mar 2018
OTTO Motors Introduces API Integration Solution, Enabling
Connected Industrial Automation for Manufacturers,
PressReleasePoint
Mar 2018
Otto Motors’ solution enables connected industrial
automation for OEMs, ept.ca
Mar 2018
GreyOrange launched AI-powered Butler PickPal to
revolutionise autonomous fulfilment in logistics centers,
RoboticsTomorrow
Mar 2018
API Connects Industrial Machines Built by Different Venders,
MMSOnline
Mar 2018 Alstef, BA Robotic Systems to merge, PE Hub
Mar 2018
Cresa Manages Corporate Relocation for NextShift Robotics,
PR Newswire
Feb 2018
Robo-logistics company Magazino raises $25M for its
warehouse bots, TechCrunch
Feb 2018
inVia Robotics Gets $9M For Warehouse Automation, Signs
Hollar, TexasTechPulse
Feb 2018
GreyOrange unleashes autonomous order fulfillment range
at LogiMat 2018, Enterprise It World
Jan 2018
Company to use robots to make online orders profitable, The
Packer
Jan 2018
Kindred Announces Spin-off of AGI Research Division,
Business Wire
Dec 2017
Exotec Solutions unveils ‘3D’ robotic retail order system,
Internet of Business
Dec 2017
Faster, taller, denser, more profitable warehouse robots and
Interview with the CEO, New Big Future
News
0
2
4
6
8
10
$0k
$20M
$40M
$60M
$80M
$100M
$120M
2013 2014 2015 2016 2017
YoY Funding Rounds
3
3
12
21
78
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Logistics > Warehouse Automation: Market Factsheet
Market: Warehouse Automation
60
Exits
Recent Investments
Companies developing robots
used in warehouse automation
Seegrid
(2003, Pittsburgh, $65.6M)
Fetch Robotics
(2014, San Jose, $48M)
Kindred
Locus Robotics
(2014, Massachusetts, $39M)
GreyOrange
(2011, Gurgaon, $38.6M)
Top Companies
Industrial Robotics > Market Details > Market: Warehouse Automation
Companies Created 78 | Funded 21 | Total Funding $326M

Logistics > Warehouse Automation: Top Companies
Analyst’s Pick
Giant Eagle, Innovation Works
Sway Ventures, O'Reilly AlphaTech Ventures,
Shasta Ventures, SoftBank Group
Eclipse, First Round Capital, Eleven Two Capital and
5 Other Investors
Warehouse fulfillment & automation through
robots
Minicorn. Stage: Series B
Scale Venture Partners
Analyst’s Pick
GreyOrange (2011, Gurgaon, $38.6M)
Develops warehouse automation robots
Tiger Global Management, Blume Ventures, Silicon
Straits and 3 Other Investors
$26M)
grocery
Minicorn. Stage: Series A
Playground Global, Aleph Venture Capital,
Balyo (2005, Moissy-cramayel, $10.7M)
Seventure Partners, Bpifrance, Linde Material
Handling and 3 Other Investors
Analyst’s Pick
inVia Robotics (2015, Los Angeles, $9M)
Robotic automation solutions for e-commerce
fulfilment
Editor's Pick. Stage: Series A
Upfront Ventures, Bonfire Ventures, Double M
Partners
Editor's Pick. Stage: Series B
Fiege Logistics, Körber AG, Cellcom and 3 Other
Investors
Arkrobot (2015, Bangalore)
Warehouse automation robotic system
Qualcomm Ventures
OTTO Motors (2016, Kitchener)
Autonomous AGVs for material movement

62
Logistics > Warehouse Automation: Leaderboard
Overall
Rating
Company
Name
Foun
ded
Year
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0
Voodoo
Robotics
2012 Plano Unfunded - - 5 - - - 7.5M 1.2k 75 1 - - - - 261 28%
4.9 GreyOrange 2011 Gurgaon Series B $39M - - - 4 7 253k 1.3k - - -22k -8% - - 127 12%
4.9 inVia Robotics 2015 Los Angeles Series A $9M - - - 4 5 2.3M 599 - - -612k -25% - - 772 542%
4.8
NextShift
Robotics
2016 Lowell Funded - - - - 4 1 8.6M 969 - - - - - - 1.5k
-
8410
%
4.7 Seegrid 2003 Pittsburgh Series C $66M - - - - 5 3.2M 2.1k - - 2M 86% - - 129 7%
4.7 Locus Robotics 2014
Massachus
etts
Series B $39M - - - - 6 1.2M 555 - - 226k 23% - - 254 79%
4.6 IAM Robotics 2012 Pittsburgh Seed $500K - - - - 1 2.9M 365 - - 782k 39% - - 194 89%
4.5 Magazino 2014 Munich Series B $687K - - - - 1 1.2M 347 - - 279k 31% - - 82 30%
4.5
Savvy
Analytics
2015 Singapore Unfunded - - - - 4 - - 9 - - - - - - 1 8%
4.4 Kiva Systems 2003
North
Reading
Acquired $17M 5 - - - 3 1.5M 1.2k - - -24k -2% - - 15 1%
4.3 Art Robotics 2016 Atlanta Unfunded - - - - 2 - - 11 - - - - - - 1 10%
4.3 Balyo 2005
Moissy-
cramayel
Public $11M - - - - - 10M 194 - - 7M 139% - - - -
4.2
Transbotics
Corp.
1982 Charlotte Public - - - - - - 2.9M 219 - - 2M 75% - - 8 3%

Incubators
Seed Founders Fund (#1), Felicis Ventures (#1)
Series A/B GV (#2), Formation 8 (#1)
Series C+ Khosla Ventures (#1), Samsung Venture Investment (#1)
None
$14.5M - Series A
Blue Vision Labs (2016, London,
$17M)
$7.2M - Series A
Humatics (2015, Boston, $25.2M)
$525k - Series A
BluHaptics (2013, Seattle, $3M)
$12M - Series A
Veo Robotics (2016, Cambridge,
$12M)
$18M - Series A
Humatics (2015, Boston, $25.2M)
$50M - Series D
$1.4M - Series A
Series A
Perrone Robotics (2001,
Charlottesville)
$2M - Series A
Blue Vision Labs (2016, London,
$17M)
$845k - Seed
Mar 2018
Blue Vision Labs, which builds ‘collaborative’ AR, emerges
from stealth with $14.5M led by GV, technewsfan.com
Mar 2018
NAI Hunneman Represents Waverley Oaks Park in
Transaction with Veo Robotics, Citybizlist
Mar 2018
Simulation Meets Automation to Enhance ROV Training and
Analysis, Marine Technology News
Feb 2018
Humatics Accelerates Microlocation Innovation with
Acquisition of 5D Robotics and Time Domain, Business Wire
Dec 2017 Making Mining Trucks smarter with MAX, PR Newswire
Oct 2017
Veo Robotics raises $12 million for its vision of a harmonious
human-robot workplace, TechCrunch
Sep 2017
Polaris-ARA-Neya Systems Team to Offer Army Multimission
Ground Vehicle Platform, ExecutiveBiz
Jun 2017
BluHaptics and J2 Subsea Forge New Sales and Distribution
Partnership, Scandinavian Oil-Gas Magazine
May 2017
500A brushless motor controller targets EVs and heavy duty
robots, European Business Press
May 2017
Applied Research Associates, Inc. Acquires Neya Systems
LLC, EconoTimes
Mar 2017 BluHaptics raises $1.36M in Series A , FundingSMEs
Mar 2017
Embedded Solutions for Robotic Control Technology -
Synapticon Presents New Modules and Encoders at
Embedded World, RoboticsTomorrow
Nov 2014
Vicarious raises another $12M for ambitious plan to create
'human-level intelligence in vision', VentureBeat
News
0
1
2
3
4
5
6
$0k
$20M
$40M
$60M
$80M
$100M
2013 2014 2015 2016 2017
YoY Funding Rounds
-
1
8
14
50
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Tech Enablers > Control Systems: Market Factsheet
Market: Control Systems
63
Exits
Recent Investments
Companies developing systems
and software for robot control
Vicarious
Humatics
(2015, Boston, $25.2M)
Blue Vision Labs
(2016, London, $17M)
Veo Robotics
(2016, Cambridge, $12M)
Mujin
(2011, Tokyo, $6.6M)
Top Companies
Industrial Robotics > Market Details > Market: Control Systems

Tech Enablers > Control Systems: Top Companies
Analyst’s Pick
Khosla Ventures, Samsung Venture Investment,
Wipro Ventures and 34 Other Investors

65
Tech Enablers > Control Systems: Leaderboard
Overall
Rating
Company
Name
Foun
ded
Year
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0
Robot
Operating
System
2014
San
Francisco
Unfunded - - 4 - - - 16k 2.7k 4k 32 2k 12% 5 98% 422 18%
4.9 Veo Robotics 2016 Cambridge Series A $12M - - - 1 2 2.1M 2.8k - - - - - - 154 6%
4.8 Intermodalics 2010 Heverlee Unfunded - - 5 - - - 10M - 750 6 - - 2 45% - -
4.7 Vicarious 2010
San
Francisco
Series D $138M 5 - - 4 3 782k - - - 343k 78% - - - -
4.6
Blue Vision
Labs
2016 London Series A $17M - - - - 1 1.5M 141 - - - - - - 106 226%
4.5 Energid 2001 Cambridge Funded $500K - - - - - 1.8M 495 - - 708k 71% - - 39 8%
4.4 Synapticon 2010 Gruibingen Seed $1M - - - - 1 2.6M 397 - - 708k 38% - - 26 7%
4.3 Mujin 2011 Tokyo Series B $7M - - - - - 583k 96 - - -429k -43% - - 40 57%
4.2 DIDRIVERS 2016 London Unfunded - - - - 4 - 7.2M 145 - - - - - - 17 13%
4.1 BluHaptics 2013 Seattle Series A $3M - - - - 4 3M 588 - - -3.8M -52% - - 41 7%
4.0 Humatics 2015 Boston Series A $25M - - - 4 2 3.5M - - - - - - - - -
3.9
Brain
Corporation
2009 San Diego Series B - - - - - 1 6.2M 824 - - - - - - 181 26%
3.8 KB-Avrora 2010 Ryazan Funded $100K - - - 4 - 10M - - - -3M -21% - - - -
3.6 Roboteq 2002 Scottsdale Unfunded - - - - - 2 302k 5.4k - - -259k -46% - - 891 20%

Market: Last Mile Delivery
66
Industrial Robotics > Market Details > Market: Last Mile Delivery

Market: Surveillance
69
Industrial Robotics > Market Details > Market: Surveillance
Companies Created 22 | Funded 6 | Total Funding $61.6M

Market: Agriculture
72
Industrial Robotics > Market Details > Market: Agriculture

Market: Agriculture

Market: Retail
75
Industrial Robotics > Market Details > Market: Retail

Market: Retail

Market: Vision Algorithm
78
Industrial Robotics > Market Details > Market: Vision Algorithm

Market: Cloud-Based
81
Industrial Robotics > Market Details > Market: Cloud-Based

Market: Cloud-Based

Market: Unmanned Vehicle Systems
84
Industrial Robotics > Market Details > Market: Unmanned Vehicle Systems

Market: Robotic Arms
87
Industrial Robotics > Market Details > Market: Robotic Arms

Market: Collaborative
90
Industrial Robotics > Market Details > Market: Collaborative

Market: Laboratory Automation
93
Industrial Robotics > Market Details > Market: Laboratory Automation

Market: Unmanned Surface Vehicles
96
Industrial Robotics > Market Details > Market: Unmanned Surface Vehicles

Market: Unmanned Surface Vehicles
Industrial Robotics > Market Details > Market: Unmanned Surface Vehicles

Market: Robot Vision Camera
98
Industrial Robotics > Market Details > Market: Robot Vision Camera

Public Companies
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
101
Notable Acquisitions
Top Acquirers
Acqui-hires

Public companies (1/4)
103
Performance indicators of public companies in Industrial Robotics
IPO Date Company
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Oct 2017
Restoration Robotics (2002, San Jose)
$200M HAIR
Jun 2017
Balyo (2005, Moissy-cramayel)
$122M $122M $5.4B
EURONEXT:BAL
YO
Apr 2017
Aquabotix (2011, Fall River)
Manufactures ROV & underwater cameras and develops smart
technology applications for ROV
$2M $22.2M $221k ASX:UUV
Mar 2017
Hyundai Robotics (1984, Daegu)
Developer of various types of industrial robots
$5.8B $56.4M KOSDAQ:267250
Feb 2016
Azorean Aquatic Technologies (2012, Ponta Delgada)
Robots for research and exploration of marine environments
$3.7M $3.7M
EURONEXT:MLA
AT
Aug 2014
Corindus Vascular Robotics (2001, Waltham)
$279M $2.8M AMEX:CVRS
Mar 2014
Cyberdyne (2004, Tsukuba)
Develops robotic assistive technology and commercial cleaning
robots
$393M $393M $14.8M TYO:7779
Jun 2013
Mazor Robotics (2001, Caesarea)
Semi-robotic bone mounted positioning systems for spinal surgeries
$1.6B $36.4M MZOR
Dec 2012
Chieftek Precision (1998, Tainan)
Develops linear motion drives for industrial robots
$30.3M TPE:1597
Industrial Robotics > Exit Outlook > Public Companies

104
IPO Date Company
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Jun 2009
HIWIN Corporation (1989, Taichung)
Parallel robots and peripherals developer
$3.7B $497M 46.17 TPE:2049
Aug 2008
Titan Medical (2008, Toronto)
A surgeon-controlled robotic surgical system for MIS
OTC:TITXF
Aug 2004
Stereotaxis (1990, St. Louis)
Non-invasive magnetically guided probes for treating heart
arrythmia
$213M $213M $32.2M NASDAQ:STXS
Nov 2001
Yujin Robot (1988, Seoul)
Makers of Domestic and Industrial usage robots
$50.9M $50.9M $49.9M KOSDAQ:56080
Jun 2000
Intuitive Surgical (1995, Sunnyvale)
$46.8B $310M $2.7B 48.59 NASDAQ:ISRG
Apr 2000
ISRA Vision (1985, Darmstadt)
Robotic vision and surface vision sensors
$971M $145M 37.47 FRA:ISR
May 1999
Fanuc (1956, Yamanashi)
Industrial robots and robotic arms
TYO:6954
Feb 1995
Brooks Automation (1978, Chelmsford)
Develops vacuum robots for wafer handling operations
$2B $560M 31.83 NASDAQ:BRKS
Mar 1992
Microbot Medical (1988, Nesher)
Micro robotics for robot-assisted micro invasive surgery
$28.4M NASDAQ:MBOT
Jul 1989
Cognex (1981, Natick)
Develops machine vision offerings for industrial robots
$9.4B $521M 54.92 NASDAQ:CGNX

105
IPO Date Company
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Aug 1949
Toshiba Machine (1938, Elk Grove Village)
Developers of various types of industrial automation solutions
TYO:6104
May 1949
Nachi Fujikoshi (1928, Toyoma)
Developers of various types of automation products and robotics
TYO:6474
May 1949
Yaskawa (1915, Kitakyushu)
Manufacturer of various industrial robots
$3.5B TYO:6506
Unibap (2013, Uppsala)
Develops vision based robot navigation systems
$402k STO:UNIBAP
Siasun Robot (2000, Shenyang)
Developer of industrial robots, automation equipment and
humanoids
Greatoo (2001, Jieyang)
Develops industrial robots with multiple applications
FD Robot (2012, Sichuan)
Develops industrial robots with various applications
DST Robot (1998, Bucheon-si)
Makers of industrial robots and pet robots
Transbotics Corp. (1982, Charlotte)
Develops automated guided vehicles for industries
EPSON Robots (1975, California)
Developer of industrial robots, controllers and vision guidance
modules

106
IPO Date Company
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Innova Holdings (2004, Tema)
Develops robotic hardware and software for defense applications
CSG Smart Science & Technology (2010, Hefei)
Provider of multi-industry intelligent systems
Hyundai Robotics (1972, Pelham)
Develops automation robots for industrial purposes
Visio Nerf (2013, Milano)
3D Vision sensors and PLCs for robots
Boomerang Systems (2006, Florham Park)
Automated robotic parking using AGVs
Inrobtech (2005, Yavne)
Developed of unmanned ground vehicles for defense sector
Hollund Industrial (2007, Blaine)
Underwater remote manipulator system
Unitronics (1989, Tel Aviv)
Robotic parking solutions provider

Notable Acquisitions (1/3)
107
Notable Acquisitions in Industrial Robotics
Industrial Robotics > Exit Outlook > Notable Acquisitions
2017
Acquirer: John Deere Deal: $305M
Blue River Technology (2011, San Francisco,
$30.1M)
Computer vision and robotics for weed control in
agriculture
2016
Acquirer: Boeing
Liquid Robotics (2007, Sunnyvale, $82.1M)
Develops unmanned surface vehicles propelled by
wave energy
Acquirer: Midea Deal: $5.1B
KUKA Robotics (1898, Augsburg)
Industrial robots and manipulators
Acquirer: Zimmer Biomet Deal: $132M
Medtech (2002, Paris, $6M)
Developer of surgical assistance robots and robotic
arm
Acquirer: AGIC Capital Deal: $112M
Gimatic (1985, Roncadelle)
Developer of grippers and End-of-arm tooling for
robots
2015
Acquirer: Omron Deal: $200M
Adept (1983, Pleasanton)
Industrial robotics solutions
Acquirer: Teradyne Deal: $285M
Universal Robots (2005, Odense, $1.8M)
Maker of Collaborative robot arms

108
2013
Acquirer: Stryker Deal: $1.7B
MAKO Surgical (2004, Lauderdale, $54.6M)
Robotic and implantable surgical solutions
Acquirer: SafeStitch
TransEnterix (2005, Durham, $96M)
Develops robotic surgery platforms
2012
Acquirer: Amazon Deal: $775M
Kiva Systems (2003, North Reading, $16.6M)
Mobile-robotic fulfilment system
2009
Acquirer: Intuitive Surgical
NeoGuide Systems (2000, San Jose, $39M)
Robotic endoscopic technology

109
Before 2008
Acquirer: QinetiQ Deal: $163M
Foster-Miller (1956, Waltham)
Develops robotic solutions for military

Most Active Acquirers
110
Industrial Robotics > Exit Outlook > Most Active Acquirers

Date Target
Jul-15 Robotmaster Acq by Hypertherm
Jul-15 VGo Acq by Vecna
Jun-15 Fastbrick Robotics Acq by DMY Capital
May-15
Rowa Technologies | BD Acq by
CareFusion
Apr-15 Intellibot Robotics Acq by Sealed Air
Apr-15 GomTec Acq by ABB
Apr-15
Motum Acq by SSI Schäfer System
International AB
Mar-15 Axiome Acq by AXELLIANCE
Nov-14 SeaBotix Acq by Teledyne
Sep-14 KIRO Robotics Acq by Grifols
Apr-14
Robotic Drilling Systems Acq by Odfjell
Drilling Ltd
Feb-14 EOS Innovation Acq by Parrot
Dec-13 Reis Robotics Acq by KUKA
Dec-13 Holomni Acq by Google
Acqui-hires (1/2)
111
List of Acqui-hires in Industrial Robotics
Excludes all details for Chinese companies
Date Target
Feb-18 5D Robotics Acq by Humatics
Feb-18
ABB Acq by McMenon Engineering
Services
Aug-17
OptoFidelity Acq by Changyuan Group
Co., Ltd.
Aug-17 KB Medical Acq by Globus Medical
Jun-17 OC Robotics Acq by GE Aviation
Apr-17 Neya Systems Acq by ARA
Apr-17 XPerception Acq by Baidu
Mar-17 OceanServer Acq by L3 Technologies
Mar-17 Ryonic Robotics Acq by Reunert
Mar-17 Aquajet Acq by Brokk
Dec-16 AutoStore Acq by EQT Venutres
Sep-16
Mark Roberts Motion Control Acq by
Nikon
Sep-16 Hybrid Robotics Acq by ChyronHego
May-16 SVIA Acq by ABB
Date Target
Apr-16
Hansen Medical Acq by Auris Surgical
Robotics
Apr-16
JOT Automation Acq by Wuxi Lead
Intelligent Equipment Co.
Apr-16
Endeavor Robotics Acq by Arlington
Capital Partners
Mar-16 NDC Automation Acq by Dematic
Mar-16
Interactive Motion Acq by Bionik
Laboratories
Feb-16
Bluefin Robotics Acq by General
Dynamics Mission Systems
Feb-16
Soil Machine Dynamics Acq by Zhuzhou
Times Electric Technology Co.,Ltd.
Jan-16
Pulsed Light Acq by Garmin
International
Dec-15 Oxford Technologies Acq by Kurion
Nov-15
MLR Group Acq by ROFA INDUSTRIAL
AUTOMATION
Oct-15 Sias Acq by Tecan
Sep-15
Cyberworks Robotics Acq by Great Rock
Development
Sep-15 ALF-X Robot Acq by TransEnterix
Industrial Robotics > Exit Outlook > Acqui-hires

Acqui-hires (2/2)
112
List of Acqui-hires in Industrial Robotics
Excludes all details for Chinese companies
Date Target
Dec-13 CAMotion Acq by PAR Systems
Dec-13 Boston Dynamics Acq by Google
Dec-13 Bot & Dolly Acq by Google
Aug-13 Industrial Perception Acq by Google
Jun-13 Unified Robot Control Acq by Motoman
Jun-13 RedWood Robotics Acq by Google
Feb-13 APS Technology Group Acq by ABB
Jul-12
Gostai Acq by Aldebaran - Softbank
Group
Apr-12
Schilling Robotics Acq by FMC
Technologies
Dec-11
Blue Belt Tech Acq by
HealthpointCapital
Mar-11 Aquatron Acq by Fluidra
Oct-10 Acrobot Acq by Stanmore Implants
Jun-10 MobileRobots Acq by Adept
Jan-10
Opteq Robotics Acq by DAC
International
Date Target
Mar-03 Vinten Radamec Acq by Vitec Group
Jun-97 Weda Poolcleaner Acq by Eletta Group
Precise Path Robotics Acq by Cub Cadet
Flow Waterjet Acq by SafeWorks
Infection Prevention Technologies Acq by
Skytron
Industrial Robotics > Exit Outlook > Acqui-hires
View all 60 Acqui-hired companies on Tracxn Platform

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
113
Details on VC & PE Investors
Seed Stage
Early Stage
Late Stage
Details on Top Ecosystem Players

Industrial Robotics > Investors > Index of Most Active VC & PE Investors
Index of Top Investors (VC, PE) by Stage in Industrial Robotics; Last 5 years (Mar 2013 - Feb 2018)
Index of Most Active VC & PE Investors
SEED STAGE
High-Tech Grunderfonds (4 Investments)
AME Cloud Ventures (3 Investments)
Almi (3 Investments)
Eclipse (2 Investments)
Morado Ventures (2 Investments)
Draper Associates (2 Investments)
True Ventures (2 Investments)
Isomer Capital (2 Investments)
Walden International
Khosla Ventures
Shasta Ventures
Data Collective
Intel Capital
O'Reilly AlphaTech Ventures
EARLY STAGE
Intel Capital (4 Investments)
Lux Capital (3 Investments)
Eclipse (3 Investments)
GV (3 Investments)
Mitsubishi UFJ Capital (3 Investments)
GE Ventures (2 Investments)
Formation 8 (2 Investments)
next47 (2 Investments)
Fontinalis Partners (2 Investments)
Idinvest Partners (2 Investments)
I2BF Global Ventures (2 Investments)
Finnish Industry Investment (2 Investments)
SoftBank Group
Highland Capital Partners
DFJ
LATE STAGE
SoftBank Group
GE Ventures
Two Sigma Ventures
Khosla Ventures
Tectonic Ventures
EW Healthcare Partners
Schroder Adveq
Agate Medical investments
SCP Vitalife
Triventures
Seventure Partners
Antea Participaties
Hannover Finanz
Samsung Venture Investment

High-Tech Grunderfonds
116
Portfolio in Industrial Robotics | Exits | Funds Link | Website | LinkedIn | Twitter
Industrial Robotics > Investors > High-Tech Grunderfonds
Investments
[Editor's Pick] Magazino (2014, Munich, $687k, Series B)
Industrial Robotics Notable Portfolio
[Soonicorn] Heliatek (2006, Dresden, $117M, Series D)
Manufactures organic solar films.
[Soonicorn] Windeln (2010, Munich, $72.7M, Public)
Online Baby Shop in Germany
[Soonicorn] Mister Spex (2007, Berlin, $69.6M, Series E)
Online eye-wear retailer
[Soonicorn] Outfittery (2012, Berlin, $59.8M, Series D)
Curated shopping service for men’s clothing
[Soonicorn] JUNIQE (2014, Berlin, $22.2M, Series B)
Online marketplace for independent designers
[Minicorn] Immunic Therapeutics (2016, Martinsried,
$35.9M, Series A)
German, clinical-stage immunotherapy biotech developing small
molecule immunomodulators for auto-immune diseases
[Minicorn] Fazua (2011, Munich, $11.2M, Series B)
Developer of e-bike drive system
[Minicorn] NFON (2009, Munich, $5.3M, Series B)
Cloud telephony services provider
[Minicorn] Inventorum (2012, Berlin, $5.1M, Series A)
Business Management suite
[Minicorn] contentbird (2012, Berlin, $2.5M, Seed)
Content marketing workflow platform
[Minicorn] Thermosome (2014, Munich, $2.2M, Series A)
Developing thermosensitive drug-loaded nanocarriers to treat cancer.
Other Notable Portfolio
Top Exits Recent News on Fund & Portfolio
Geographical Spread Stage of Entry
Feb 2018
Robo-logistics company Magazino raises $25M for its
warehouse bots, TechCrunch
Sep 2017 Reactive Robotics Receives Second Seven, FinSMEs
Mar 2017
Embedded Solutions for Robotic Control Technology -
Synapticon Presents New Modules and Encoders at
Embedded World, RoboticsTomorrow
Jan 2017 Adlatus Robotics Raises Seed Financing Round, FinSMEs
Jan 2017
Robotic med device start-up Medineering Series A led by
Brainlab, The Robot Report
Jul 2016 ESA business incubation center Bavaria, ESA BIC Bavaria
Mar 2015
Bionic Robotics Closes Seven-Digit EUR Series A Funding,
FinSMEs
Sep 2014 medineering Closes First Funding Round, FinSMEs
None
1 11 1
2
1
1
1
2012 2013 2014 2015 2016 2017
Follow On New Investments
-
-
-
1
6
Undisclosed
Series C+
Series B
Series A
Seed7
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-
-
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Europe

Tracxn - Industrial Robotics Startup Landscape

Tracxn - Industrial Robotics Startup Landscape

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