Top 10 Robotics and Drones Capital Raises in the U.S. – December 1st-15th, 2024
Several interesting transactions closed in the Robotics and Drones sector over the past two weeks. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
Merger/Acquisition
- OhmniLabs, developer of personal robots designed to connect people over long distances via video telepresence, acquired by Symbotic.
- Skytec, provider of geospatial data analytics services through the use of drone mapping and scanning based out of Chattanooga, United States, acquired by SmartDrone.
Later Stage VC
- AMP Robotics, operator of a recycling infrastructure platform intended to apply artificial intelligence and automation to increase rates and economically recover recyclables, raised $194.93 million of Series D venture funding in a deal led by Congruent Ventures.
- ARIX Technologies, developer of a robotics and data analytics platform designed to offer field inspection services, raised $534,222 of venture funding.
- FarmWise, developer of farming robots designed to facilitate autonomous cultivation and organic farming, raised $13.7 million of venture funding in the form of convertible debt from Riverstone Ventures and other investors.
Early Stage VC
- TerraHaptix, operator of a robotics company intended to offer unmanned support systems for civic, military, surveillance, payload operations, and other core industries, raised venture funding from Tofino Capital.
- Maple Advanced Robotics, developer of robotics technology designed for automotive manufacturer company, raised venture funding from China Canada Angels Alliance.
Seed Round
- CODE19 Racing, operator of an artificial intelligence multi-platform intended to focus on the commercialization of dual-use applications, raised $1.75 million of seed funding in the form of SAFE notes.
- Vatn Systems, developer of autonomous underwater vehicles designed to operate in cooperative swarms, raised $15.5 million of seed funding through a combination of Seed-1, Seed-3, and Seed-4 funding in a deal led by DYNE Asset Management.
Accelerator/Incubator
- Xplorobot, developer of a robotics and live digital twin analysis platform designed for workers in industrial facilities to optimize inspection processes through autonomous robots, joined Elemental Impact.
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Gary Levy
Managing Director
Over 30 years in financial services, including senior roles at Citi, Ivy Asset Management (an Affiliate of BNY) and TIAA. Founder and President of Biltmore Savings Consultants, a provider of B2B technology solutions to improve operations. Author of published book "21 Ways to Improve Your Business Operations." MBA - Strategic Business Management from Hofstra University’s Frank G. Zarb School of Business. BS (with a concentration in Business, Management and Economics) from SUNY Empire State College. Series 7, 63 and 79 licenses.
- Email: glevy@castleplacement.com
- (C) (516) 457-0104
 Gary LevyManaging Director |
Please contact me if you have any questions or would like to discuss your capital raise:
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Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.
