Deeptech
Q1 202408.02.2024

Robotics

Picture of Shubham Jaipuria

Shubham Jaipuria

at Sifted

The automation revolution has begun: robots have entered factories, operating theatres, recycling centres, nursing homes and battlefields. Their makers fetched over $2bn from VCs in 2023, which is not a major dip from the $2.6bn and $2.4bn they raised during the tech boom years of 2021 and 2022. Investor sentiment is bullish: the 2023 slowdown has not been so harsh on Europe’s cyborgs.

Service robots — the ones that assist humans by doing repetitive tasks — appear to be getting more attention than industrial robots lately: their market share increased from 51% in 2016 to 71.8% in 2023. For industrial robots, look no further than Germany: the country has the third highest robot adoption in the world, with 415 robots for every 10k employees.

Will robots steal our jobs? Some might, though fears around this topic are perhaps not as pervasive here as they once were: a recent Gallup poll found that only 10% of Germans believe they are at risk of losing out to automation. And there are still some industries where robots don’t offer significant promise. For example, while robots are slowly making their way onto farms, the industry’s thin margins are acting as a deterrent to growth.

20 most promising early-stage robotics startups

  • Gideon logo

    Sifted score

    8.48
    -

    Gideon

    Building flexible autonomous mobile robots

    • Strong investor(s)
    • Serial founder(s)
    • Year founded

      2017

    • HQ

      Zagreb, Croatia

    • Latest round

      Series A
      28.2m / Jun 2021

    • Total funding

      32.7m

  • Nomagic logo

    Sifted score

    8.28
    -

    Nomagic

    Automated warehouse robots for e-commerce

    • Strong investor(s)
    • Hiring
    • Year founded

      2017

    • HQ

      Warsaw, Poland

    • Latest round

      Series A
      20m / May 2022

    • Total funding

      27.8m

  • Energy Robotics logo

    Sifted score

    7.78
    -

    Energy Robotics

    Automated inspection robots for industrial facilities

    • Strong investor(s)
    • Serial founder(s)
    • Hiring
    • Year founded

      2019

    • HQ

      Darmstadt, Germany

    • Latest round

      Grant
      2.5m / Oct 2022

    • Total funding

      4.5m

  • Daedalus logo

    Sifted score

    7.07
    -

    Daedalus

    Platform for companies to order parts manufactured by robots

    • Strong investor(s)
    • Hiring
    • Year founded

      2019

    • HQ

      Karlsruhe, Germany

    • Latest round

      Seed
      5.5m / Feb 2023

    • Total funding

      17.9m

  • Enchanted Tools logo

    Sifted score

    6.91
    -

    Enchanted Tools

    Developer of "social logistics" robots

    • Serial founder(s)
    • Hiring
    • Year founded

      2021

    • HQ

      Paris, France

    • Latest round

      Seed
      15m / Feb 2022

    • Total funding

      15m

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