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BOSTON, Sept. 25, 2019 /PRNewswire/ — The investment in robotics is growing at an exponential rate in Massachusetts for both established and startup companies. Between acquisitions and venture capital funding, Massachusetts companies have seen more than $1.2B in transactions in just the first nine months of this year.  

Massachusetts has the ideal business climate to start and grow robotics companies, and the activity that’s happened already this year is another proof point that we are indeed the hub of robotics,” said Tom Ryden, Executive Director, MassRobotics. “From resident and partner activities at MassRobotics to innovative startups to a robust investment and acquisition climate, this is the place for the robotics industry to thrive. We are excited to see so many of the startups we house or have recently graduated participate in this growth.”

Investments have occurred across the board, from startups to established players as well as across markets, from warehouse automation to medical robotics. Investments include:

VC investments 

  • $3.7M for Pickle Robots 
  • $8M for XYZ Robotics 
  • $13M for Activ Surgical 
  • $15M for Veo Robotics 
  • $20M for Ori Living
  • $26M for Locus Robotics 
  • $28M for Humatics

read more here:

https://www.prnewswire.com/news-releases/massachusetts-surpasses-the-1-billion-mark-for-robotics-investments-in-2019-300925349.html

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