Robotics fundings, acquisitions and IPOs: May 2018

Twenty-seven startups were funded in May for a total of $2.5 billion. This month's $2.5 billion in fundings doubles the January thru April total of $2.5 billion. Four acquisitions occurred in May. The most notable was SPX Corp., the large inspection equipment components manufacturer, which acquired CUES, a Florida robotic pipeline video inspection and rehab company, for $189 million. Look at all those LiDARs!