Industrial Robotics Market Report

DECEMBER 2017
INDUSTRIAL ROBOTICS

Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Industrial Robotics - Dec 2017
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 December 28, 2017.
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
$3.8B
Funding
42
Mega
Companies
3311366
FundedCovered on
Tracxn
-
Unicorns
12
Soonicorns
5
Minicorns
34
IPO’d Cos
126
Late Stage Cos
33
11
Acquisitions
18
DeadPooled
56
Acquihired
Series A+ Cos
Rethink Robotics
(2008, Boston, $150M)
Seegrid
(2003, Pittsburgh, $65.6M)
Starship Technologies
(2014, Tallinn, $17.2M)
Top Companies

Investment Trend Summary
Summary of Funding Activity in Industrial Robotics
5
$280M - Series D
Auris Surgical Robotics (2009, San Carlos,
$513M)
$49M - Series D
$513M)
$114M - Series C
Brain Corp (2009, San Diego, $114M)
$38M - Series D
Xenex (2009, San Antonio, $86M)
$90M - Series A
ispace (2013, Tokyo, $90M)
$36M - Series E
Rethink Robotics (2008, Boston, $150M)
$50M - Series D
Vicarious (2010, San Francisco, $138M)
$30M - Series B
Clearpath Robotics (2008, Kitchener, $42M)
$50M - Series B
Roboteam (2009, Tel Aviv, $62M)
$28M - Series B
Kindred (2014, San Francisco, $44M)
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
*YTD *YTD
Industrial Robotics > Feed Summary > Investment Trend Summary
Seed High-Tech Grunderfonds (#5), Almi (#3), AME Cloud Ventures (#3)
Series A/B Intel Capital (#4), Eclipse (#3), Lux Capital (#3)
Series C+
360 Capital Partners (#1), Agate Medical investments (#1), EW
Healthcare Partners (#1)
Incubators
Techstars (#6) 500 Startups (#3) Ben Franklin Technology
Partners (#3)
Corporate Investors SOSV (#8), ABB (#6), Innovation Works (#6)
Debt Investors
Hercules Capital (#3), Silicon Valley Bank (#3), Moscow Seed
Fund (#1)
Most Active InvestorsRecent Investments
89 84
130
143
117
40
2012 2013 2014 2015 2016 2017*
Y-o-Y # of Companies Founded 34 36 54 63 70 77
$195M $137M
$298M
$526M
$402M
$1.2B
2012 2013 2014 2015 2016 2017*
$ Funding # Rounds
$2.9B
$197M
$164M
$111M
$67.9M
US
Europe
Japan
Israel
Canada
$ 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)
Aperture Venture
Partners
1 MAKO Surgical (2004, Lauderdale, $54.6M)
Bain Capital
Ventures
1 Kiva Systems (2003, North Reading, $16.6M)
Sep 2017 Blue River Technology Acq by John Deere for $305M
May 2016 KUKA Robotics Acq by Midea for $5.0B
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 (Jan 2017)
Teradyne 1 Universal Robots (Jun 2015, $285M)
AGIC Capital 1 Gimatic (Jun 2016, $112M)
Recent IPOs Top Acquisitions
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: $1.5B
AB Dynamics May 2013
Develops testing solution for automobiles…
IPO MCap: $176k Current MCap: $174M
Chieftek Precision Dec 2012
Develops linear motion drives for industr…
IPO MCap: - Current MCap: -
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: $3.5M
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: -

December 2017Tracxn BlueBox – Industrial Robotics
1360+ companies in the sector, 222 funded in last 5 years, $1.6B invested in last 2 years
Most Active Investors: Innovation Works, SOSV, High-Tech Grunderfonds, Y Combinator, ABB Group 0
30
60
90
120
150
2013 2014 2015 2016 2017
No of Companies Founded
0
200
400
600
800
1000
2013 2014 2015 2016 2017
–YOY Funding Trend (in $M)
HEALTHCARE $1.9B
Surgery
Auris Surgical Robotics
(2009, San Carlos, $513.32M)
Disinfection
Xenex (2009, San Antonio, $86.3M)
Telepresence
InTouch Technologies
(2002, Santa Barbara, $63.69M)
Rehabilitation
AlterG (2005, Fremont, $23.14M)
Laboratory Automation
Transcriptic (2012, Menlo Park, $27.7M)
Pharmacy Automation
NewIcon (2007, Kuopio, $2.85M)
INFRASTRUCTURE SERVICES
Construction
Q-Bot (2012, London, $4.87M)
$61M
TECH ENABLERS
Robot Vision - Robot Vision Camera
3D Media (2000, Kusatsu, $10M)
$432M
Robot Vision - Vision Algorithm
Neurala (2006, Cambridge, $16.24M)
Control Systems - Cloud Based
SERVICE ROBOTS
Hospitality
Savioke (2013, Sunnyvale, $17.6M)
$84.3M
Retail
Bossa Nova Robotics
SPACE
Moon Express
(2010, Mountain View, $43.68M)
MANUFACTURING
Multi-Utility Robots
Rethink Robotics
(2008, Boston, $131.52M)
Material Handling
- Robotic Arms
Kinova (2006, Boisbriand, $25M)
Material Handling - Grippers
Grabit (2011, Santa Clara, $18.4M)
Welding
Novarc Technologies
(2013, North Vancouver, $1000K)
Painting
Rational Robotics
(1981, Edmonton, $145K)
$267M
$152M
LOGISTICS $333M
Warehouse Automation
GreyOrange (2011, Gurgaon, $38.58M)
Last Mile Delivery
Starship Technologies
(2014, Tallinn, $17.2M)
MILITARY
Unmanned Vehicle Systems
$117M
MARITIME
Automated Underwater Vehicles
Deepfar Ocean Technology Co.
(2013, Tianjin, $14.6M)
$107M
AGRICULTURE
Blue River Technology
(2011, San Francisco, $30.1M)
$99.3M
7
Cumulative funding in the market
Industrial Robotics > Feed Summary > BlueBox

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 $492M 17
Logistics >
Warehouse Automation 75 $118M 12
Tech Enablers >
Control Systems 51 $113M 10
Agriculture 56 $34.2M 8
Service Robots >
Retail 12 $34.6M 6
Tech Enablers > Control Systems >
Cloud-Based 10 $126M 3
Tech Enablers > Robot Vision >
Robot Vision Camera 20 $20.8M 5
Infrastructure Services >
Construction 26 $19.1M 6
Military >
Unmanned Vehicle Systems 46 $76.1M 3
Manufacturing > Material Handling >
Robotic Arms 47 $32.2M 4
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Healthcare
Companies developing robotic systems to help in
surgery, rehabilitation & other healthcare...
141 69 $1.9B
Tech Enablers
Companies developing technology, components or
software for Industrial robots
240 58 $432M
Logistics
Companies developing robotic solutions related to
automation of logistics and warehouse...
103 29 $333M
Manufacturing
Companies developing robots for automating factory
operations
233 46 $267M
Space
Companies developing robotic technology for space
applications
6 5 $152M
Military
Companies developing robotic solutions with military
applications
66 14 $117M
Maritime
Companies developing sailing or diving robots with
marine applications
122 16 $107M
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
Cyberdyne
(2004, Tsukuba)*
Intuitive Surgical
(1995, Sunnyvale, $47M)
Stereotaxis
(1990, St. Louis, $52M)
Balyo
(2005, Moissy-cramayel,
$10.7M)
Yujin Robot
(1988, Seoul)
Aquabotix
(2011, Fall River)
Azorean Aquatic
Technologies
(2012, Ponta Delgada)
AB Dynamics
(1982, Bradford)
Corindus Vascular
Robotics
(2001, Waltham, $90.5M)
Public
Titan Medical
(2008, Toronto, $55.6M)
Mazor Robotics
(2001, Caesarea, $6.3M)
Unibap
(2013, Uppsala, $1.1M)
ABB
(1883, Zurich)
Brooks Automation
(1978, Chelmsford)
Hyundai Robotics
(1984, Daegu)
ISRA Vision
(1985, Darmstadt)
Visio Nerf
(2013, Milano)
Yaskawa
(1915, Kitakyushu)
Chieftek Precision
(1998, Tainan)
Public
Boomerang Systems
(2006, Florham Park)
Cognex
(1981, Natick)
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)
Public
Microbot Medical
(2010, Nesher)
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)
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
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
MAKO Surgical (2004, Lauderdale, $54.6M)
Robotic and implantable surgical solutions
Stage: Acquired
Deerfield, Montreux Equity Partners, Skyline
Ventures and 8 Other Investors
Surgery
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, Mayfield, St. Cloud Capital
and 3 Other Investors
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
Microbot Medical (2010, Nesher)
Micro robotics for robot-assisted micro invasive
surgery
Stage: Public
Rehabilitation
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, Nissay Capital, Venture Laboratory
Investment and 1 Other Investors

12
Healthcare
Telepresence
InTouch Technologies (2002, Santa Barbara,
$63.7M)
Proprietary communications and mobile robotic
platform
iRobot, Invest Michigan, Galen Partners and 4 Other
Investors
Manufacturing
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
ABB (1883, Zurich)
Industrial robotic solutions
Stage: Public
Department of Energy (US), Investor
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

13
Manufacturing
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
Quality Control
AB Dynamics (1982, Bradford)
Develops testing solution for automobiles which
includes driving robots
Stage: Public
Logistics
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
Develops warehouse automation robots
Tiger Global Management, Blume Ventures, Silicon
Straits and 3 Other Investors
Kiva Systems (2003, North Reading, $16.6M)
Mobile-robotic fulfilment system
Stage: Acquired
Bain Capital Ventures, Meakem Becker Venture
Capital, Supply Chain Venture

14
Logistics
Balyo (2005, Moissy-cramayel, $10.7M)
Stage: Public
Seventure Partners, Bpifrance, Linde Material
Handling and 2 Other Investors
Transbotics Corp. (1982, Charlotte)
Develops automated guided vehicles for industries
Stage: Public
Last Mile Delivery
Starship Technologies (2014, Tallinn, $17.2M)
Self-driving delivery robots
Soonicorn. Stage: Seed
Daimler, Shasta Ventures, Matrix Partners and 6
Other Investors
Service Robots
Retail
Bossa Nova Robotics (2005, Pittsburgh,
$41.7M)
Develops robots for retail stores
Intel Capital, Cota Capital, Paxion Capital Partners

15
Service Robots
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
Maritime
Unmanned Surface Vehicles
Azorean Aquatic Technologies (2012, Ponta
Delgada)
Robots for research and exploration of marine
environments
Stage: Public

16
Maritime
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
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

17
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
Robot Vision
Unibap (2013, Uppsala, $1.1M)
Develops vision based robot navigation systems
Stage: Public
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
Cognex (1981, Natick)
Develops machine vision offerings for industrial
robots
Stage: Public
Venrock
Control Systems
Developing artificial intelligence for robots
Soonicorn. Stage: Series D
Khosla Ventures, Samsung Venture Investment,
Wipro Ventures and 33 Other Investors
Develops technology for autonomy of self-driving
robots
SoftBank Group

18
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
FD Robot
(2012, Sichuan)
Greatoo
(2001, Jieyang)
Nanjing Estun
Automation
(1993, Nanjing)
Siasun Robot
(2000, Shenyang)
Soonicorns
CloudMinds
(2015, Shenzhen, $130M)

Recent News in Industrial Robotics Sector
Recent News
20
Industrial Robotics > Feed Summary > Recent News
Dec 2017
40% Weight Reduction - ATOUN to Launch New Power Assist Suits
for the Hip, Suitable for Caregiving, Business Wire
Dec 2017
ABB unveils YuMi family’s newest member, robot with single arm,
at iREX, Food And Beverage News
Dec 2017 Jaws offer centrifugal force , Machinery Market
Dec 2017
ABB Technology Powers New Cable Car Zugspitze, Business Wire
India
Dec 2017
ABB bags Rs 134 crore contract from Indian Railways , Financial
Express
Dec 2017
FDA Grants De Novo Request for PROCEPT BioRobotics
AQUABEAM® System, Business Wire
Dec 2017
Steve Cashman, Former HealthSpot CEO, Joins InTouch Health to
Lead Marketing and Consumer Solutions, PR Newswire
Dec 2017
ABB : confirmed as the #1 in Distributed Control Systems globally,
4-Traders
Dec 2017
ABB, SNC-Lavalin joins forces for substation projects, Sector
Publishing Intelligence
Dec 2017 Ginolis tops in automation business magazine, GoodNewsfromFinland
Dec 2017
Titan Medical Reports First Use of SPORT Surgical System in Europe
at the Institute of Image-Guided Surgery of Strasbourg, BioSpace
Dec 2017
Wells Fargo & Company MN Acquires 296,797 Shares of Brooks
Automation, Inc (BRKS), The Cerbat Gem
Dec 2017 Robotics company Canvas Technology scores $15M Series A, PE Hub
Key Recent News Key Recent News
Dec 2017 ABB completes EPC business model change, PressReleasePoint
Dec 2017 Aquabotix Adds Global Distributors, Marine Technology News
Dec 2017 Riptide Expands UUV Payload, Marine Technology News
Dec 2017
FarmWise Raises $5.7M Seed Round for Vegetable Weeding Robot,
AgFunderNews
Dec 2017
Comau releases a new app to control robot operations., Automotive
World
Dec 2017
Radial SG and ABB introduce a new generation of asset data
collaboration solutions , PRWeb
Dec 2017
Aleron Subsea Technology in Salvage Operation, Scandinavian Oil-Gas
Magazine
Dec 2017 Making Mining Trucks smarter with MAX, PR Newswire
Dec 2017
TransEnterix Announces Global SurgiBot System Agreement,
OrthoSpineNews
Dec 2017
Survey finds non-intrusive inspection could deliver £242M benefit
to the UKCS, SBNN - Business news
Dec 2017
TransEnterix unloads ownership of FDA-rejected SurgiBot for
$29M, The Business Journals
Dec 2017
ABB to supply transformers for 2.8GW Mica hydropower plant in
Canada, Energy Business review
Dec 2017
Harrison Manufacturing Increases Throughput by Deploying
Rethink Robotics' Sawyer, PR Newswire

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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$116M
$152M
$195M
$137M
$298M
$526M
$402M
$1.2B
0
10
20
30
40
50
60
70
80
90
$0k
$200M
$400M
$600M
$800M
$1.B
$1.2B
$1.4B
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; 2010-2016
Global Funding Trends (1/2)
23
Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
*YTD
Industrial Robotics > Investment Trends > Global Funding Trends
#Rounds
$Funding
23% $ Funding
43% $ Funding
20% # of Rounds
25% # of Rounds

$4M $3M $10M $5M $17M $15M $36M $38M
$67M
$43M
$88M
$51M
$138M
$211M
$239M
$569M
$45M $106M $97M $80M $143M $300M $127M $546M
2010 2011 2012 2013 2014 2015 2016 2017 YTD
Seed Early Stage Late Stage
6 8 13 16 27 23 32 24
12
8 15
15 19
25
29
46
5 5 6 5 8 15 9 7
2010 2011 2012 2013 2014 2015 2016 2017 YTD
Seed Early Stage Late Stage
23
77
Total # 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; 2010-2016
Industrial Robotics > Investment Trends > Global Funding Trends
12
8
16
17
28
28
35 144
$3.6M
$2.3M
$0.0M
$0.5M
$1.0M
$1.5M
$2.0M
$2.5M
$3.0M
$3.5M
$4.0M
$4.5M
0
20
40
60
80
100
120
140
160
2001-2010 2011 2012 2013 2014 2015 2016 Total
Entrants in Funding Club Avg. Ticket Size
1 3 2 1 6 7 5 15 $3.6M $0.4M $3.1M $1.6M $0.8M $2.3M $4.2M $2.3M
$116M
$1.2B
Total $ Invested
$20M
$88M
$64M $45M
$191M
$332M
$173M
$817M
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 YTD
$ Funding # of Rounds

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 1.4B 112
Pittsburgh 220M 50
Boston 196M 18
Raynham 168M 11
Tokyo 154M 13
San Diego 114M 7
Durham 96M 4
Cambridge 90M 10
San Antonio 86M 5
Tel Aviv 68M 3
Total Funding
194
97
16
11
10
13
5
1
# Rounds
$2.9B
$197M
$164M
$111M
$67.9M
$51.2M
$16.9M
$4M
US
Europe
Japan
Israel
Canada
India
SEA
Australia
Note: Excludes funding information of China companies

Trend of Average Deal Size ($M)
$0.6 $0.5
$0.8
$0.4
$0.8 $0.9
$1.7
2010 2011 2012 2013 2014 2015 2016
$4.7
$3.2
$6.5
$4.5
$7.0
$5.0
$8.5
$12.5
$7.3
$5.8 $4.8
$13.5 $16.9 $17.0
$9.0
$21.2
$16.2 $16.1
$20.5
$27.3
$15.8
Industrial Robotics > Investment Trends > Median Deal Size and Trend
Median and Average Deal Size in $M (per Stage) in Industrial Robotics; 2010-2016
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: 172 companies with undisclosed funding amount are not included
27
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
45
66
54
15
6
No. of Companies
Industrial Robotics > Investment Trends > Distribution of companies by Funding Range
No. of companies by funding range in Industrial Robotics; as of Dec 2017
Distribution of companies by Funding Range
$16M
$221M
$1.2B
$1.1B
$1.2B
$ Investment

Stage No. of Companies
Funding
Funnel
100%
24%
9%
4%
2%
28
Note: Numbers in the brackets show the count of companies
Time to raise
next round
33
59
126
331
1366
Series C+
Series B
Series A
Funded
Founded
Next
Round
100M+
Valuation
Exits
Acqui-
Hired
Dead
Pooled
Others
24% 4%
(53)
3%
(42)
4%
(59)
1%
(18)
70%
(958)
38% 12%
(41)
9%
(30)
6%
(20)
1%
(3)
55%
(182)
47% 16%
(20)
8%
(10)
9%
(11)
2%
(2)
43%
(54)
56% 32%
(19)
15%
(9)
8%
(5)
3%
(2)
32%
(19)
- 39%
(13)
21%
(7)
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
14 Months
16 Months
16 Months
Investment backedBootstrapped
12
7
23
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; Dec 2015-Dec 2017
Notable Investments in last 24 months (1/3)
LATE STAGE
$280M - Series D Aug 2017
$513M)
Robotic surgical system for ophthalmology
Coatue Management, Highland Capital Management,
Viking Global Investors
$114M - Series C Jul 2017
Develops technology for autonomy of self-driving
robots
SoftBank Group
$50M - Series D Jul 2017
Khosla Ventures
$49M - Series D Jul 2016
$513M)
Robotic surgical system for ophthalmology
LATE STAGE
$38M - Series D Feb 2017
Xenex (2009, San Antonio, $86.3M)
Disinfection robots for healthcare facilities
Piper Jaffray, Tectonic Ventures
$36M - Series E Aug 2017
Collaborative robot for manufacturing sector
Schroder Adveq
$23.9M - Series D Aug 2016
Restoration Robotics (2002, San Jose, $140M)
Robot based hair transplant solution
$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
LATE STAGE
$14M - Series C Apr 2016
$12M - Series C Aug 2016
Giant Eagle
$8M - Series C Nov 2017
Anti-gravity treadmill and wearable bionic leg for
rehabilitation
Business Capital

EARLY STAGE
$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, Japan
Airlines, Shimizu Corporation, SPARX, Realtech
Fund, KDDI, Toppan Printing
$50M - Series B Sep 2016
Unmanned Ground Vehicles development and
manufacturing
Generali
$30M - Series B Oct 2016
Clearpath Robotics (2008, Kitchener, $41.8M)
Unmanned vehicle systems with multiple
applications
Caterpillar, GE Ventures, Eclipse, Silicon Valley Bank
Building robots with human like intelligence
Eclipse, First Round Capital
EARLY STAGE
$26M - Series A Sep 2017
Cambridge Medical Robotics (2014,
Cambridge, $46.3M)
Universal robotic system for minimal access surgery
LGT Capital Partners, Escala Capital, Watrium
$25M - Series B Dec 2017
Sway Ventures
$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
EARLY STAGE
$20.3M - Series A Jul 2016
Cambridge Medical Robotics (2014,
Cambridge, $46.3M)
Universal robotic system for minimal access surgery
ABB, LGT
$20M - Series B Jan 2017
Moon Express (2010, Mountain View, $43.7M)
Lunar transportation and mining services
Knightscope (2013, Sunnyvale, $32.3M)
Autonomous crime prevention technology robots
Seedinvest
$20M - Series B Aug 2017
SoftWear Automation (2014, Atlanta, $24.5M)
Robotic sewing machine
$17.5M - Series B Nov 2017
$41.7M)
Intel Capital, Cota Capital, Paxion Capital Partners,
Lucas Venture Group

EARLY STAGE
$14M - Series A Apr 2016
$41.7M)
Walden Riverwood Ventures
$14M - Series A Jan 2017
Develops software for drone and robot autonomy
Pelion Venture Partners, Sherpa Capital, Motorola
Solutions, Electranova Capital, Ecomobility Ventures
$13.4M - Series A Nov 2016
Transcriptic (2012, Menlo Park, $27.7M)
Cloud-based remote robotic bio-lab
WuXi AppTec
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
$1.2M - Seed Jun 2016
Develops software for drone and robot autonomy
Haiyin Capital
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
Shenzhen Capital Group, 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
SEED STAGE
$30M - Seed May 2016
CloudMinds (2015, Shenzhen, $130M)
Cloud robotics company
Walden International, Foxconn Electronics, SB China
Capital
Angel Jul 2017
ZhenRobotics (2016, Beijing)
Machine learning and AI based logistics robots
Iheima
Angel Aug 2016
ZhenRobotics (2016, Beijing)
Machine learning and AI based logistics robots
Star Technology Incubator

Most Active Investors (VC, PE) by Stage in Industrial Robotics; Last 5 years (Dec 2012-Dec 2017)
Most Active VC & PE Investors
33
Industrial Robotics > Investment Trends > Most Active VC & PE Investors
SEED STAGE
High-Tech Grunderfonds(5 Investments)
Magazino, Bionic Robotics, Adlatus
1
Almi (3 Investments)
CBot, Ginolis, Rotundus
2
AME Cloud Ventures(3 Investments)
Transcriptic, Savioke, Modbot
3
Y Combinator(3 Investments)
Gecko Robotics, Anybots, Robby Technologies
4
Comet Labs (2 Investments)
IAM Robotics, Transcend
5
Draper Associates (2 Investments)
Neurala, OttoRobotics
6
Eclipse(2 Investments)
Modbot, 6River Systems
7
GV (2 Investments)
Transcriptic, Savioke
8
Isomer Capital(2 Investments)
Automata, Automata Technologies
9
Morado Ventures(2 Investments)
Savioke, Modbot
10
EARLY STAGE
Intel Capital (4 Investments)
Savioke, Persimmon Tech, Bossa Nova Robotics
1
Eclipse(3 Investments)
Clearpath Robotics, Kindred, Marble
2
Lux Capital(3 Investments)
Auris Surgical Robotics, Saildrone, Veo Robotics
3
Mitsubishi UFJ Capital (3 Investments)
HiBot, 3D Media, Life Robotics
4
Fontinalis Partners (2 Investments)
Humatics, Autonomous Marine Systems
5
Formation 8 (2 Investments)
Vicarious, Grabit
6
GE Ventures(2 Investments)
Clearpath Robotics, Sarcos
7
GV (2 Investments)
Veo Robotics, Abundant Robotics
8
I2BF Global Ventures(2 Investments)
RoboCV, Autonomous Marine Systems
9
Finnish Industry Investment(2
Investments)
OptoFidelity, NewIcon
10
LATE STAGE
360 Capital Partners
Balyo
1
Agate Medical investments
Medical Surgical
Technologies
2
EW Healthcare Partners
Xenex
3
GE Ventures
Rethink Robotics
4
Hannover Finanz
IPR Robotics
5
Khosla Ventures
Vicarious
6
Next47
Magazino
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 (Dec 2012-Dec 2017)
Most Active Ecosystem Investors
INCUBATOR
Techstars(6 Investments)
Neurala, Carbon, CtrlWorks
1
500 Startups(3 Investments)
Transcriptic, COSY, Autonomous.ai
2
Ben Franklin Technology Partners(3
Investments)
COSY, Telefactor Robotics, Gecko Robotics
3
HAX(2 Investments)
Avidbots, Clean Robotics
4
Alchemist Accelerator
Kugar
5
Boost VC
Transcriptic
6
Chalmers Ventures
Simplex Motion
7
Entrepreneur First
Automata Technologies
8
NIH SBIR/STTR
RE2 Robotics
9
Startup Sauna
Sidewalk Delivery
10
OTHER NOTABLE INVESTORS
SOSV(8 Investments)
Carbon, Dispatch, Rational Robotics
1
ABB(6 Investments)
Vicarious, Grabit, Persimmon Tech
2
Innovation Works(6 Investments)
RedZone Robotics, Bossa Nova Robotics, RE2 Robotics
3
National Science Foundation(5
Investments)
Persimmon Tech, BluHaptics, Harvest Croo Robotics
4
Caterpillar(4 Investments)
Clearpath Robotics, 5D Robotics, Sarcos
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)
Balyo, Robocath, Stanley Robotics
8
Playground Global(3 Investments)
Canvas Technology, RightHand Robotics, Farmwise
9
Qualcomm(3 Investments)
CtrlWorks, Muse Robotics, Green Robot Machinery
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 (1/3)

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
39
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
Dec 2017
Consumer Robotics
Nov 2017
Industrial Internet of Things
Nov 2017

December 2017Tracxn BlueBox – Industrial Robotics
41
Industrial Robotics > Market Details > BlueBox

Key Sub Sectors (1/2)
42
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
TransEnterix (2005, Durham, Acquired)
$513M)
141 69 $1.9B
Tech Enablers
Companies developing technology, components or software for Industrial robots
Unibap (2013, Uppsala, Public)
240 58 $432M
Logistics
Companies developing robotic solutions related to automation of logistics and warehouse
operations
Kiva Systems (2003, North Reading,
Acquired)
103 29 $333M
Manufacturing
Companies developing robots for automating factory operations
Robotic Drilling Systems (2005, Sandnes,
Acquired)
233 46 $267M
Space
Companies developing robotic technology for space applications
ispace (2013, Tokyo, $90.2M)
Moon Express (2010, Mountain View,
$43.7M)
6 5 $152M
Military
Companies developing robotic solutions with military applications
Boston Dynamics (1992, Waltham,
Acquired)
66 14 $117M
Maritime
Companies developing sailing or diving robots with marine applications
Liquid Robotics (2007, Sunnyvale,
Acquired)
Saildrone (2014, Alameda, $16.5M)
122 16 $107M
Agriculture
Companies developing robots for automation of agricultural work
Blue River Technology (2011, San
Francisco, Acquired)
Harvest Automation (2007, Billerica,
$27.9M)
56 13 $99.3M
Industrial Robotics > Market Details > Key Sub Sectors

Key Sub Sectors (2/2)
43
Key Sub Sectors in Industrial Robotics
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Multi-Industry
Companies developing robots with application in multiple industries
MobileRobots (1995, Amherst, Acquired)
Clearpath Robotics (2008, Kitchener,
$41.8M)
120 22 $96.8M
Service Robots
Companies developing robots that provide a particular service at a commercial establishment
Precise Path Robotics (2006, Indianapolis,
Acquired)
$41.7M)
122 28 $84.3M
Industrial Robotics > Market Details > Key Sub Sectors

Detailed Sector Taxonomy (1/6)
44
Industrial Robotics > Market Details > Detailed Sector Taxonomy

45

46

47

48

49

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 $1.6B)
$492M
(+$80M)
17
(-4)
(2009, San Carlos, $513M)
2
(-)
Logistics > Warehouse Automation
Companies developing robots used in warehouse automation
(Companies covered 75 | Funded 20 | Total Funding $253M)
$118M
(+$28.2M)
12
(+2)
Fetch Robotics
(2014, San Jose, $48M)
3
(-)
Tech Enablers > Control Systems
Companies developing systems and software for robot control
$113M
(+$54.5M)
10
(+5)
Vicarious
(2010, San Francisco, $138M)
4
(-)
Agriculture
(Companies covered 56 | Funded 13 | Total Funding $99.3M)
$34.2M
(+$3M)
8
(+4)
QualySense
(2010, Dubendorf, $17.2M)
5
(+1)
Service Robots > Retail
Companies developing robots that provide assistance in retail sector
$34.6M
(+$25.3M)
6
(+4)
Bossa Nova Robotics
6
(+2)
Tech Enablers > Control Systems > Cloud-Based
Companies developing solutions that enable robot control by using Cloud
$126M
(+$123M)
3
(+2)
Brain Corp
(2009, San Diego, $114M)
7
(+2)
Tech Enablers > Robot Vision > Robot Vision Camera
Companies that develop camera or vision sensor modules for industrial robots
$20.8M
(+$18.4M)
5
(+4)
3D Media
(2000, Kusatsu, $10M)
50
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets of Investment Activity (1/2)
Top Markets by Funding in Industrial Robotics in last 2 years (December 2015 - November 2017)
Industrial Robotics > Market Details > Top Markets of Investment Activity

Top Markets of Investment Activity (2/2)
Industrial Robotics > Market Details > Top Markets of Investment Activity

Rank Market # Investments Key Investments
1
Service Robots > Retail
Companies developing robots that provide assistance in retail sector
(Companies created 12 | Funded 4 | Total Funding $45M )
1 Bossa Nova Robotics (2005, Pittsburgh,
$41.7M)
2
Service Robots > Hospitality > Delivery Robots
Companies developing robots that perform delivery within restaurants and hotels
(Companies created 2 | Funded 1 | Total Funding $17.6M )
1 Savioke (2013, Sunnyvale, $17.6M)
3
Agriculture
(Companies created 56 | Funded 13 | Total Funding $99.3M )
1 Abundant Robotics (2016, Menlo Park,
$10M)
4
Tech Enablers > Control Systems
Companies developing systems and software for robot control
(Companies created 51 | Funded 15 | Total Funding $225M )
1 Perrone Robotics (2001, Charlottesville, $0)
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
52
Top Markets of Early Stage Investors
Top Markets where Early Stage Investors are investing in last 2 years (December 2015 - November 2017)
Industrial Robotics > Market Details > Top Markets of Early Stage Investors

Rank Market
Last 2 Years
# of Comp Founded $ Invested # Round Top Funded Company
1
Service Robots > Hospitality > Greeting
Companies developing service robots that help in greeting and welcoming guests
(Companies covered 20 | Funded 3 | Total Funding $6.3M)
9 $0
(0)
0
(-)
Slightech
(2014, Santa Clara, $6.3M)
53
Other Notable Markets
Other Notable Markets with high Entrepreneurial Activity in Industrial Robotics in last 2 years (December 2015 - November 2017)
Industrial Robotics > Market Details > Other Notable Markets

Incubators
Seed Hoya (#1), Go Capital (#1)
Series A/B
Pittsburgh Life Sciences Greenhouse (#2), Synergy Life
Science Partner (#2)
Series C+ Clarus Ventures (#1), Investor Growth Capital (#1)
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
Mazor Robotics Jun - 2013
IPO'd on NASDAQ
NeoGuide Systems Jun - 2009
Acq by Intuitive Surgical
Titan Medical Aug - 2008
IPO'd on OTC
$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)
$280M - Series D
Auris Surgical Robotics (2009, San
Carlos, $513M)
$1M - Seed
AITREAT (2015, Singapore, $1M)
Dec 2017
FDA Grants De Novo Request for PROCEPT BioRobotics
AQUABEAM® System, Business Wire
Dec 2017
Titan Medical Reports First Use of SPORT Surgical System in
Europe at the Institute of Image-Guided Surgery of
Strasbourg, BioSpace
Dec 2017
TransEnterix Announces Global SurgiBot System Agreement,
OrthoSpineNews
Dec 2017
TransEnterix unloads ownership of FDA-rejected SurgiBot
for $29M, The Business Journals
Dec 2017
Microbot Receives Notice of Allowance for U.S. Patent
Covering its TipCAT Technology Platform, GlobeNewswire
Dec 2017
Corindus touts 1st Corpath GRX system installation outside
the US, The Robot Report
Dec 2017
InstruSafe and Senhance Surgical Robotic System partner to
launch instrument trays, WTWH Media
Dec 2017
P. (Laxmin) Laxminarain Appointed to Microbot Medical’s
Board of Directors, 4-Traders
Dec 2017
THINK Surgical, Inc. Receives CE Mark Approval for the
TSolution One® Surgical System for Total Knee
Arthroplasty, Newswire
Dec 2017
Intuitive Surgical, Inc. (ISRG) Stake Lowered by
Commerzbank Aktiengesellschaft FI, The Cerbat Gem
Dec 2017 Titan Medical closes upsized $18m round, MassDevice
Dec 2017
CMR named in UK’s top 10 business disruptors to watch,
Cambridge Network
Dec 2017
CEO of Mazor Robotics subject of insider trading
investigation in Israel, FierceBiotech
News
0
2
4
6
8
10
12
$0k
$100M
$200M
$300M
$400M
$500M
2013 2014 2015 2016 2017
YoY Funding Rounds
7
12
29
38
56
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Healthcare > Surgery: Market Factsheet
Market: Surgery
54
Exits
Most Active Investors
Recent Investments
YoY Funding and Rounds
Companies developing remotely
controlled minimally invasive
surgical robotic systems
(2009, San Carlos, $513M)
Medrobotics
(2005, Raynham, $168M)
Restoration Robotics
(2002, San Jose, $140M)
PROCEPT BioRobotics
(2009, Redwood Shores, $61.2M)
Cambridge Medical Robotics
(2014, Cambridge, $46.3M)
Top Companies
#1 Top Markets of Investment Activity
Industrial Robotics > Market Details > Market: Surgery
Companies Created 56 | Funded 38 | Total Funding $1.6B

Healthcare > Surgery: Top Companies
Market: Surgery
Analyst’s Pick
Intuitive Surgical (1995, Sunnyvale, $47M)
Editor's Pick. Stage: Public
Investor Growth Capital, Mayfield, St. Cloud Capital
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
56
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 TransEnterix 2005 Durham Acquired $96M - - - - 34 511k 1.2k - - -902k -64% - - 915 181%
4.9
Corindus
Vascular
Robotics
2001 Waltham Public $91M - - - - 22 1.2M 2.5k - - -958k -58% - - 73 3%
4.8 Medtech 2002 Paris Acquired $6M - - - - 3 2.6M 787 - - 468k 22% - - 40 5%
4.7
Mazor
Robotics
2001 Caesarea Public $6M - - - - 29 908k 3k - - -500k -36% - - 267 10%
4.6 Stereotaxis 1990 St. Louis Public $52M - - - - 5 4.2M 233 - - 829k 25% - - 22 10%
4.5
Cambridge
Medical
Robotics
2014 Cambridge Series A $46M - - - - 9 2M 649 - - 8k - - - 223 45%
4.4 Blue Belt Tech 2003 Pittsburgh Acquired $2M - - - - 1 10M 152 - - - - - - 3 2%
4.4 Think Surgical 2007 Fremont Series C $13M - - - 2 2 1.1M - - - -2M -65% - - - -
4.3 Robocath 2009 Rouen Series A $9M - - - - 4 7.3M 319 - - -2.7M -32% - - 26 8%
4.2
Intuitive
Surgical
1995 Sunnyvale Public $47M - - - - 19 203k 414 - - -56k -21% - - - -
4.1
NeoGuide
Systems
2000 San Jose Acquired $39M - - - - - 3.7M - - - 278k 8% - - - -
4.0
Restoration
Robotics
2002 San Jose Series D $140M - - - - 8 1.2M 429 - - -168k -12% - - -4 -1%
3.9 AITREAT 2015 Singapore Seed $1M - - - - - 6M 9 - - - - - - 3 42%

Incubators
Seed Blume Ventures (#1), Eclipse (#1)
Series A/B Innovation Works (#1), Bain Capital Ventures (#1)
Series C+ 360 Capital Partners (#1), Giant Eagle (#1)
Balyo Jun - 2017
IPO'd on EURONEXT
Kiva Systems Mar - 2012
Acq by Amazon for $775M
$25M - Series B
$25M - Series B
Locus Robotics (2014, Massachusetts,
$39M)
$500k - Seed
IAM Robotics (2012, Pittsburgh,
$500k)
$6M - Seed
CommonSense Robotics (2014, Tel
Aviv, $6M)
$15M - Series A
6River Systems (2015, Boston,
$21.7M)
$3.5M - Series A
Exotec Solutions (2015, Paris, $3.5M)
$12M - Series C
Seed
IAM Robotics (2012, Pittsburgh,
$500k)
$8M - Series A
Locus Robotics (2014, Massachusetts,
$39M)
Dec 2017
Exotec Solutions launches top-performing robots,
BusinessCloud
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
Dec 2017
World's Top Performing Robots For Order Preparation
Unveiled by French AI Robotics Startup, RoboticsTomorrow
Dec 2017
Sway Ventures Leads $25 Million Investment in Fetch
Robotics, Business Wire
Dec 2017
GreyOrange launches next-gen AI, GreyMatter, for robotics
warehouse automation in Nitori's new logistics centre in
Osaka, Medianet
Dec 2017
6 River Systems Selects Omnify Software for Seamless
Communication with Contract Manufacturing Partner,
GlobeNewswire
Dec 2017
DMW&H Appoints Jimmy A. Menoscal as Project Executive,
Citybizlist
Nov 2017
Locus Robotics announces $25 million Series B funding,
Reuters
Nov 2017
Locus Robotics Announces Supply Chain Services as New
Channel Partner, PR Newswire
Oct 2017
Dematic Announces Brand Consolidation Plan For Egemin
And Ndc Into Single Global Dematic Brand, PressReleasePoint
Sep 2017
Gurgaon-based GreyOrange Robotics Marks Its Entry into
Indonesia, IndianWeb2
Sep 2017
Mitsubishi in talks to pick up stake in GreyOrange Robotics,
Indiatimes
News
0
2
4
6
8
10
$0k
$20M
$40M
$60M
$80M
$100M
2013 2014 2015 2016 2017
YoY Funding Rounds
3
4
9
20
75
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Logistics > Warehouse Automation: Market Factsheet
Market: Warehouse Automation
57
Exits
Recent Investments
Companies developing robots
used in warehouse automation
Seegrid
Fetch Robotics
(2014, San Jose, $48M)
Locus Robotics
(2014, Massachusetts, $39M)
GreyOrange
(2011, Gurgaon, $38.6M)
6River Systems
(2015, Boston, $21.7M)
Top Companies
Industrial Robotics > Market Details > Market: Warehouse Automation
Companies Created 75 | Funded 20 | Total Funding $253M

Logistics > Warehouse Automation: Top Companies
Analyst’s Pick
Giant Eagle, Innovation Works
Sway Ventures, O'Reilly AlphaTech Ventures,
Shasta Ventures, SoftBank Group
Locus Robotics (2014, Massachusetts, $39M)
Warehouse fulfillment & automation through
robots
Editor's Pick. Stage: Series B
Scale Venture Partners
Develops warehouse automation robots
Tiger Global Management, Blume Ventures, Silicon
Straits and 3 Other Investors
Analyst’s Pick
Magazino (2014, Munich, $687k)
Develops robotics for warehousing industry
Editor's Pick. Stage: Seed
Next47, High-Tech Grunderfonds
Arkrobot (2015, Bangalore)
Warehouse automation robotic system
Qualcomm Ventures
inVia Robotics (2015, Los Angeles)
Develop and market automated solutions for E-
Commerce fulfiillment centers
Bonfire Ventures, Double M Partners
OTTO Motors (2016, Kitchener)
Autonomous AGVs for material movement

59
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 - - - 9.1M 985 75 1 - - - - 636 170%
4.9 GreyOrange 2011 Gurgaon Series B $39M - - - 4 6 196k 1.2k - - -79k -29% - - 128 13%
4.9
NextShift
Robotics
2016 Lowell Funded - - - - 4 - 10M 366 - - - - - - 980
-
193%
4.8 inVia Robotics 2015 Los Angeles Funded - - - - 4 3 2.1M 167 - - -1.8M -49% - - 63 54%
4.7 Seegrid 2003 Pittsburgh Series C $66M - - - - 7 1.6M 2k - - -625k -29% - - 233 13%
4.7 Locus Robotics 2014
Massachus
etts
Series B $39M - - - - 5 1.3M 357 - - -301k -19% - - 177 79%
4.6
Transbotics
Corp.
1982 Charlotte Public - - - - - - 3.4M 214 - - 231k 6% - - 7 3%
4.5 OTTO Motors 2016 Kitchener Funded - - - - - 2 198k 720 - - - - - - 306 68%
4.4 IAM Robotics 2012 Pittsburgh Seed $500K - - - - 1 1.5M 313 - - -713k -32% - - 218 153%
4.4 Gotting 1965 Lehrte Unfunded - - - - 4 - 7.4M 29 - - - - - - 4 13%
4.3 Kiva Systems 2003
North
Reading
Acquired $17M 5 - - - 3 1.2M 1.2k - - -1.1M -49% - - 24 2%
4.2 Magazino 2014 Munich Seed $687K - - - - - 1.1M 287 - - -289k -20% - - 56 22%
4.2 Balyo 2005
Moissy-
cramayel
Public $11M - - - - - 3M 194 - - 2M 67% - - - -
4.1 Symbotic 2007 Wilmington Unfunded - - - - - - 965k 789 - - -516k -35% - - 40 5%

Incubators
Seed Founders Fund (#1), Felicis Ventures (#1)
Series A/B Formation 8 (#1), Initialized Capital (#1)
Series C+ Khosla Ventures (#1), Samsung Venture Investment (#1) None
$525k - Series A
BluHaptics (2013, Seattle, $3M)
$28M - Series B
$12M - Series A
Veo Robotics (2016, Cambridge,
$12M)
$18M - Series A
Humatics (2015, Boston, $18M)
$50M - Series D
$1.4M - Series A
Series A
Perrone Robotics (2001,
Charlottesville)
$2M - Series A
Blue Vision Labs (2016, London,
$2M)
$845k - Seed
Seed
Jodone (2015, Framingham)
Series D
Dec 2017 Making Mining Trucks smarter with MAX, PR Newswire
Oct 2017
Tencent finds Kindred investment in $28m round, Global
Corporate Venturing
Oct 2017
Kindred Piloting Robots As a Service with Major Retail
Partners, Business Wire
Oct 2017
Ultra-Secretive Startup Company Kindred Closes $35 Million
Series-B Financing Led by Chinese investor Tencent,
bctechnology.com
Oct 2017
Google backs robotics software start-up Veo Robotics in
$12m Series A, The Robot Report
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
Apr 2017 BluHaptics Receives NASA Funding, FinSMEs
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
Jan 2017 VC-backed Kindred Systems hires Liefer as COO, PE Hub
News
0
1
2
3
4
5
6
7
$0k
$20M
$40M
$60M
$80M
$100M
$120M
2013 2014 2015 2016 2017
YoY Funding Rounds
-
1
9
15
51
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Tech Enablers > Control Systems: Market Factsheet
Market: Control Systems
60
Exits
Recent Investments
Companies developing systems
and software for robot control
Vicarious
Kindred
Humatics
(2015, Boston, $18M)
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
Soonicorn. Stage: Series D
Khosla Ventures, Samsung Venture Investment,
Wipro Ventures and 33 Other Investors
Editor's Pick. Stage: Series B
Eclipse, First Round Capital, Innovation Endeavors

62
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 2.5k 4k 29 -1k -3% 2 40% 433 20%
4.9 Veo Robotics 2016 Cambridge Series A $12M - - - 1 2 2.5M 2.8k - - - - - - 1.1k 61%
4.8 Intermodalics 2010 Heverlee Unfunded - - 5 - - - 10M - 750 5 - - 3 150% - -
4.7 KB-Avrora 2010 Ryazan Funded $100K - - - 4 - 10M - - - 6M 41% - - - -
4.6 DIDRIVERS 2016 London Unfunded - - - - 4 - 3.9M 145 - - - - - - 52 51%
4.5 Mujin 2011 Tokyo Series B $7M - - - - 1 866k 77 - - -88k -9% - - 26 48%
4.4 Vicarious 2010
San
Francisco
Series D $138M 5 - - 4 5 355k - - - -454k -57% - - - -
4.3 Energid 2001 Cambridge Funded $500K - - - - - 730k 464 - - -69k -9% - - 21 5%
4.2 Humatics 2015 Boston Series A $18M - - - 4 2 1.7M - - - - - - - - -
4.1 BluHaptics 2013 Seattle Series A $3M - - - - 4 3.4M 576 - - -958k -22% - - 36 6%
4.0 Synapticon 2010 Gruibingen Seed $1M - - - - 1 1.1M 382 - - -2.3M -69% - - 46 13%
3.9 SMRTRobots 2013 Brisbane Unfunded - - - - 3 - - 4 - - - - - - 1 33%
3.8 Neya Systems 2009 Wexford Acquired - - - - - 3 6.3M 314 - - 2M 41% - - 17 6%
3.7
Blue Vision
Labs
2016 London Series A $2M - - - - - 3.4M 50 - - - - - - 13 30%

Market: Agriculture
63
Industrial Robotics > Market Details > Market: Agriculture
Companies Created 56 | Funded 13 | Total Funding $99.3M

Market: Agriculture

Market: Retail
66
Industrial Robotics > Market Details > Market: Retail

Market: Retail

Market: Cloud-Based
69
Industrial Robotics > Market Details > Market: Cloud-Based

Market: Cloud-Based

Market: Robot Vision Camera
72
Industrial Robotics > Market Details > Market: Robot Vision Camera

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

Market: Construction
74
Industrial Robotics > Market Details > Market: Construction

Market: Construction
Industrial Robotics > Market Details > Market: Construction

Market: Unmanned Vehicle Systems
76
Industrial Robotics > Market Details > Market: Unmanned Vehicle Systems

Market: Robotic Arms
79
Industrial Robotics > Market Details > Market: Robotic Arms

Market: Vision Algorithm
82
Industrial Robotics > Market Details > Market: Vision Algorithm

Market: Last Mile Delivery
85
Industrial Robotics > Market Details > Market: Last Mile Delivery

Market: Unmanned Surface Vehicles
88
Industrial Robotics > Market Details > Market: Unmanned Surface Vehicles

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

Market: Delivery Robots
90
#2 Top Markets of Early Stage Investors
Industrial Robotics > Market Details > Market: Delivery Robots

Market: Delivery Robots
Industrial Robotics > Market Details > Market: Delivery Robots
#2 Top Markets of Early Stage Investors

Market: Greeting
92
#1 Other Notable Markets
Industrial Robotics > Market Details > Market: Greeting

Market: Greeting

Public Companies
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
95
Notable Acquisitions
Top Acquirers
Acqui-hires

Recently IPO’d Companies (1/4)
97
Performance indicators of recently public companies in Industrial Robotics
IPO Date Company
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Jun 2017
Balyo (2005, Moissy-cramayel)
$122M $122M $5.4B BALYO
Apr 2017
Aquabotix (2011, Fall River)
Manufactures ROV & underwater cameras and develops smart
technology applications for ROV
$3.5M $22.2M $221k ASX:UUV
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)
$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
$1.5B $36.4M NASDAQ:MZOR
May 2013
AB Dynamics (1982, Bradford)
Develops testing solution for automobiles which includes driving
robots
$174M $176k $26.9M 44.9 LON:ABDP
Dec 2012
Chieftek Precision (1998, Tainan)
Develops linear motion drives for industrial robots
$30.3M TPE:1597
Jun 2009
HIWIN Corporation (1989, Taichung)
Parallel robots and peripherals developer
$86.1B $497M 36.68 TPE:2049
Industrial Robotics > Exit Outlook > Recently IPO’d Companies

98
IPO Date Company
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Aug 2008
Titan Medical (2008, Toronto)
A surgeon-controlled robotic surgical system for MIS
$105M OTC:TITXF
Aug 2004
Stereotaxis (1990, St. Louis)
Non-invasive magnetically guided probes for treating heart
arrythmia
$18.9M NASDAQ:STXS
Nov 2001
Yujin Robot (1988, Seoul)
Makers of Domestic and Industrial usage robots
$50.9M $50.9M $49.9M KOSDAQ:56080
Apr 2001
ABB (1883, Zurich)
Industrial robotic solutions
$56.2B $33.8B 24.9 NYSE:ABB
Jun 2000
Intuitive Surgical (1995, Sunnyvale)
$40.4B $310M $2.7B 46.56 NASDAQ:ISRG
Apr 2000
ISRA Vision (1985, Darmstadt)
Robotic vision and surface vision sensors
$775M $145M 41.6 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
$1.7B $560M 27.22 NASDAQ:BRKS
Mar 1992
Microbot Medical (2010, Nesher)
Micro robotics for robot-assisted micro invasive surgery
$40.5M NASDAQ:MBOT
Jul 1989
Cognex (1981, Natick)
Develops machine vision offerings for industrial robots
$10.5B $521M 44.87 NASDAQ:CGNX

99
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
Yaskawa (1915, Kitakyushu)
Manufacturer of various industrial robots
6506
May 1949
Nachi Fujikoshi (1928, Toyoma)
Developers of various types of automation products and robotics
TYO:6474
Unibap (2013, Uppsala)
Develops vision based robot navigation systems
$402k STO:UNIBAP
Siasun Robot (2000, Shenyang)
Developer of industrial robots, automation equipment and
humanoids
Hyundai Robotics (1984, Daegu)
Developer of various types of industrial robots
$56.4M KOSDAQ:267250
FD Robot (2012, Sichuan)
Develops industrial robots with various applications
EPSON Robots (1975, California)
Developer of industrial robots, controllers and vision guidance
modules
Greatoo (2001, Jieyang)
Develops industrial robots with multiple applications

100
IPO Date Company
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Transbotics Corp. (1982, Charlotte)
Develops automated guided vehicles for industries
Nanjing Estun Automation (1993, Nanjing)
Developer of industrial robotic manipulators
DST Robot (1998, Bucheon-si)
Makers of industrial robots and pet robots
Innova Holdings (2004, Tema)
Develops robotic hardware and software for defense applications
Hyundai Robotics (1972, Pelham)
Develops automation robots for industrial purposes
Boomerang Systems (2006, Florham Park)
Automated robotic parking using AGVs
Visio Nerf (2013, Milano)
3D Vision sensors and PLCs for robots
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)
101
Notable Acquisitions in Industrial Robotics
Industrial Robotics > Exit Outlook > Notable Acquisitions
2017 YTD
Acquirer: John Deere Deal: $305M
Blue River Technology (2011, San Francisco,
$30.1M)
Computer vision and robotics for weed control in
agriculture
Acquirer: Boeing
Liquid Robotics (2007, Sunnyvale, $82.1M)
Develops unmanned surface vehicles propelled by
wave energy
2016
Acquirer: AGIC Capital Deal: $112M
Gimatic (1985, Roncadelle)
Developer of grippers and End-of-arm tooling for
robots
Acquirer: Midea Deal: $5.0B
KUKA Robotics (1898, Augsburg)
Industrial robots and manipulators
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

102
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

103
Before 2008
Acquirer: QinetiQ Deal: $163M
Foster-Miller (1956, Waltham)
Develops robotic solutions for military

Most Active Acquirers
104
Industrial Robotics > Exit Outlook > Most Active Acquirers

Date Target
Jul-15 Robotmaster Acq by Hypertherm
Jul-15 VGo Acq by Vecna
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
Jan-15 Precise Path Robotics Acq by Cub Cadet
Sep-14 KIRO Robotics Acq by Grifols
Jun-14 SeaBotix Acq by Teledyne
Apr-14
Robotic Drilling Systems Acq by Odfjell
Drilling Ltd
Feb-14 EOS Innovation Acq by Parrot
Dec-13 Bot & Dolly Acq by Google
Dec-13 Reis Robotics Acq by KUKA
Nov-13 CAMotion Acq by PAR Systems
Acqui-hires (1/2)
105
List of Acqui-hires in Industrial Robotics
Excludes all details for Chinese companies
Date Target
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
Jun-17
Boston Dynamics Acq by SoftBank
Group
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
Jul-16 Medtech Acq by Zimmer Biomet
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.
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 Sias Acq by Tecan
Nov-15
MLR Group Acq by ROFA Industrial
Automation
Sep-15
Cyberworks Robotics Acq by Great Rock
Development
Sep-15 Fastbrick Robotics Acq by DMY Capital
Sep-15 ALF-X Robot Acq by TransEnterix
Industrial Robotics > Exit Outlook > Acqui-hires

Acqui-hires (2/2)
106
List of Acqui-hires in Industrial Robotics
Excludes all details for Chinese companies
Date Target
Sep-13 Holomni Acq by Google
Aug-13 Industrial Perception Acq by Google
Jun-13 RedWood Robotics Acq by Google
Jun-13 Unified Robot Control Acq by Motoman
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
May-06 Parata Systems Acq by McKesson
Mar-03 Vinten Radamec Acq by Vitec Group
Jun-97 Weda Poolcleaner Acq by Eletta Group
Date Target
Xamla Acq by Provisio
Industrial Robotics > Exit Outlook > Acqui-hires
View all 56 Acqui-hired companies on Tracxn Platform

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
107
Details on VC & PE Investors
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 (Dec 2012 - Nov 2017)
Index of Most Active VC & PE Investors
SEED STAGE
High-Tech Grunderfonds (5 Investments)
AME Cloud Ventures (3 Investments)
Y Combinator (3 Investments)
Almi (3 Investments)
Eclipse (2 Investments)
GV (2 Investments)
Morado Ventures (2 Investments)
Draper Associates (2 Investments)
Comet Labs (2 Investments)
True Ventures (2 Investments)
Isomer Capital (2 Investments)
Walden International
Shasta Ventures
Data Collective
Intel Capital
EARLY STAGE
Intel Capital (4 Investments)
Lux Capital (3 Investments)
Eclipse (3 Investments)
Mitsubishi UFJ Capital (3 Investments)
GE Ventures (2 Investments)
Formation 8 (2 Investments)
GV (2 Investments)
Fontinalis Partners (2 Investments)
M Capital Partners (2 Investments)
I2BF Global Ventures (2 Investments)
Finnish Industry Investment (2 Investments)
SoftBank Group
Highland Capital Partners
DFJ
Realtech Fund
LATE STAGE
SoftBank Group
GE Ventures
Two Sigma Ventures
Khosla Ventures
Tectonic Ventures
EW Healthcare Partners
Schroder Adveq
360 Capital Partners
Next47
Agate Medical investments
SCP Vitalife
Triventures
Seventure Partners
Hannover Finanz
Samsung Venture Investment

High-Tech Grunderfonds
110
Portfolio in Industrial Robotics | Exits | Funds Link | Website | LinkedIn | Twitter
Industrial Robotics > Investors > High-Tech Grunderfonds
Investments
[Editor's Pick] Magazino (2014, Munich, $687k, Seed)
Develops robotics for warehousing industry
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] NFON (2007, Munich, $5.5M, Series C)
Cloud telephone systems provider
[Minicorn] Inventorum (2012, Berlin, $5.1M, Series A)
Business Management suite
[Minicorn] Thermosome (2014, Munich, $2.2M, Series A)
Developing thermosensitive drug-loaded nanocarriers to treat cancer.
[Minicorn] Bitwala (2013, Utrecht, $890k, Seed)
Bill payment via bitcoins
[Minicorn] Loopline Systems (2014, Berlin, Series A)
SaaS based solution for managing performance reviews
Other Notable Portfolio
Top Exits Recent News on Fund & Portfolio
Geographical Spread Stage of Entry
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
Nov 2016
SurgRob: Medineering secures Series A funding from
Brainlab, blogspot.in
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
-
-
-
-
Europe

AME Cloud Ventures
111
Industrial Robotics > Investors > AME Cloud Ventures
Investments
[Soonicorn] Vicarious (2010, San Francisco, $138M, Series D)
[Minicorn] Transcriptic (2012, Menlo Park, $27.7M, Series A)
[Editor's Pick] Kindred (2014, San Francisco, $44M, Series B)
[Editor's Pick] Canvas Technology (2015, Boulder, $15M, Series
A)
Stealth mode startup developing vision based autonomy for robots
[Unicorn] Wish Shopping (2011, San Francisco, $579M, Series F)
Mobile Social Shopping App
[Unicorn] Clover Health (2014, San Francisco, $425M, Series D)
Healthcare insurance for senior citizens
[Unicorn] Tango (2009, Mountain View, $367M, Series D)
Free video & voice calls app
[Unicorn] Illumio (2013, Sunnyvale, $267M, Series D)
Adaptive security platform based data center security for workloads
[Unicorn] Evernote (2004, Redwood City, $266M, Series E)
Note taking app for individuals and enterprise collaboration tools
[Unicorn] Docker (2008, San Francisco, $243M, Series E)
LXC based OS-level virtualization technology and PaaS
[Unicorn] Okta (2009, San Francisco, $228M, Public)
MFA & SSO-based cloud identity and mobility management and CIAM
platform
[Unicorn] Zoom (2011, Santa Clara, $146M, Series D)
Video conferencing with dropbox integration
Top Exits Recent News on Fund & Portfolio
Dec 2017
FCS, Savioke partner to integrate advanced guest
requests, Hotel Management
Nov 2017
Singapore Hotel Jen properties install Relay autonomous
robots, Hotel Management
Nov 2017
Savioke Partners with Bell and Howell for Service and
Support of its Relay Robots, RoboticsTomorrow
Oct 2017
Ginkgo Bioworks Taps Transcriptic’s Robotics Software to
Further Accelerate Automation in Organism Design, PR
Newswire
Jul 2017
Vicarious gets another $50 million to expand its research
team and build smarter robots, mmotimes.com
Nov 2016
Transcriptic Raises $13.4m to Fuel Further Expansion ,
Transcriptic
Jul 2016 Creating life through generative design, TechCrunch
Jan 2016
Savioke Announces $15 Million Series A Funding from
Intel Capital, EDBI, Northern Light Venture Capital,
Business Wire
Aug 2015
Wipro’s VC arm, others invest in AI firm Vicarious –
VCCircle, VCCircle
None
1 1
2
1
1
2012 2013 2014 2015 2016 2017
2
-
-
1
3
Undisclosed
Series C+
Series B
Series A
Seed5
1
-
-
-
US
Australia

Y Combinator
112
Industrial Robotics > Investors > Y Combinator
People
Investments
[Minicorn] Transcriptic (2012, Menlo Park, $27.7M, Series A)
[Unicorn] Airbnb (2008, San Francisco, $3.4B, Series F)
Marketplace for vacation rental accommodations
[Unicorn] Instacart (2012, San Francisco, $675M, Series D)
Marketplace for same-day grocery delivery
[Unicorn] Dropbox (2007, San Francisco, $607M, Series C)
Cloud-based file sharing and synchronization software
[Unicorn] Zenefits (2013, San Francisco, $584M, Series C)
SaaS HR Platform for SMBs
[Unicorn] Stripe (2010, San Francisco, $473M, Series D)
Web & Mobile Payments for Developers
[Unicorn] Ginkgo Bioworks (2008, Boston, $429M, Series D)
Designs microbes to produce cultured ingredients
[Unicorn] MZ (Machine Zone) (2008, Palo Alto, $263M, Series B)
Mobile game developer
[Unicorn] Docker (2008, San Francisco, $243M, Series E)
LXC based OS-level virtualization technology and PaaS
[Unicorn] Coinbase (2012, San Francisco, $217M, Series D)
Digital currency exchange & wallet provider
[Unicorn] Gusto (2011, San Francisco, $176M, Series C)
Cloud-based HRMS and payroll management solution
[Unicorn] Quora (2009, Mountain View, $141M, Series D)
Social Q&A community
[Soonicorn] LendUp (2012, San Francisco, $212M, Series C)
Payday loans direct lender
Top Exits
Recent News on Fund & Portfolio
Michael Seibel
CEO
Oct 2017
Ginkgo Bioworks Taps Transcriptic’s Robotics Software to
Further Accelerate Automation in Organism Design, PR
Newswire
Jan 2017
Double Robotics says it has sold 8,000 robots and
generated $20 million in sales since 2013, VentureBeat
Nov 2016
Transcriptic Raises $13.4m to Fuel Further Expansion ,
Transcriptic
Aug 2016
The 48 startups that launched at Y Combinator S16 Demo
Day 2, TechCrunch
Jul 2016 Creating life through generative design, TechCrunch
Jul 2016
First international Botathon picks up steam: Apply by
Friday, , VentureBeat
Jun 2016 Flipping the office telepresence model, TechCrunch
Jun 2016
Double Robotics now lets you turn your telepresence
robot into a 360 camera dolly, VentureBeat
Feb 2015
Cloud-Based Bio Lab Startup Transcriptic Lands $8.5
Million In Series A Funding To Help It Scale, TechCrunch
None
1 1 1
2
2012 2013 2014 2015 2016 2017
1
-
-
1
4
Undisclosed
Series C+
Series B
Series A
Seed6
-
-
-
-
US

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Industrial Robotics Market Report

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