Listen to this articleNumerous attendees met MassRobotics startups and partners at RoboSource earlier this month. Credit: Eugene Demaitre. BOSTON — One measure of success for a robotics cluster is how much funding its member companies obtain. MassRobotics this month announced that resident startups have raised more than $1 billion since its founding in 2017. “This remarkable achievement underscores the vital role MassRobotics plays in accelerating robotics innovation, commercialization, and adoption of advanced technologies,” stated the organization

Listen to this articleRobotics investments for January 2023 totaled $521 million as a result of 41 investments. Investments in firms working on autonomous vehicles and autonomous driving technologies were particularly in January 2023. Example companies include Oxbotica, Outrider, FERNRIDE and Ottopia. Companies providing unmanned aerial drones and drone-enabling technologies, as well as drone services for search and rescue, public safety, industrial inspection, mapping and surveying, also attracted funding for Terra Drone, SwissDrones, SentinelSky and Nautical Wings, for example. Robotics investments for December 2022 totaled $1.14B as a result of 55 investments. That represented a 7.7% increase over December 2021’s funding total of $1.06B (representing 65 investments).Table 1: January 2023 Robotics Funding and Investment