Startups

August 2020 Robotics Transactions Continue Strong Summer Pace

The COVID-19 pandemic has impeded business worldwide, but robotics research, development, and commercialization have continued through the summer. In August 2020, companies working on autonomous vehicles, industrial automation, and healthcare systems continued to receive significant investment. In August 2020, Robotics Business Review tracked 50 transactions worth a total of $2.3 billion (U.S.). In comparison, there were 47 deals worth about $1.9 billion in July 2020, and 43 transactions worth $2 billion in August 2019. As with last month, there was not a significant change year over year, despite the COVID-19 pandemic. Despite a 33% decline in global venture funding last month, according to Crunchbase, supply chain automation, aerial drones, and agricultural and service robot compani...