Why Billions Keep Pouring Into Robotics and AI - TheStreet

Venture capital firms are eager to allocate money into robotics firms in a wide range of industries from shipping to healthcare as more automation became a focus during the global pandemic. In 2021, funding globally for robotics and drone companies rose to $14.9 billion, according to PitchBook. The amount of funding raised for robotics in 2022 has been steady. By January, VCs allocated $560 million of funding into robotics startups, excluding the round for Wandelbots, a German industrial robotics company that raised $84 million for its Series C round in January. The funding for the company's no-code platform came from U.S. investor Insight Partners, which led the round and was also supported by its existing backers - Microsoft (MSFT) - Get Microsoft Corporation Report, 83North, Next47, Paua, Atlantic Labs and EQT.