Robotics investments are gaining speed after post-pandemic slowdown

Robotics investments are rebounding with $4.2B in 2024 so far, led by Figure's $675M Series B and OpenAI-backed 1X's $100M raise.

: Robotics investments are recovering with $4.2 billion invested in the first half of 2024, set to surpass 2023's $6.8 billion total. Major players include Figure with a $675 million Series B and 1X gaining $100 million, backed by OpenAI. The surge is driven by labor replacement needs and AI investment enthusiasm.

Robotics investments have seen a rebound with $4.2 billion invested in the first six months of 2024, indicating this year will likely surpass 2023’s $6.8 billion total. Although these figures are still below the 2021 peak of $17.7 billion, the trend marks a recovery from the economic challenges and post-pandemic effects.

The humanoids category remains particularly strong, with notable contributions from Figure's $675 million Series B funding round, marking a significant influence. Another important investment came from 1X, a Norwegian firm backed by OpenAI, raising $100 million.

Medical robots have also experienced significant growth, particularly driven by MMI and Rono Surgical. However, the primary driver remains labor replacement in areas like warehouses and factories, a need that continues to drive investments and interest in robotic startups. Enthusiasm around AI technologies is expected to further enhance this growth.