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Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.

TracxnWorld’s Largest Startup Research Platform

2

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.3

Contents

Topic Page No.

Scope of Report 04

Entrepreneur Activity 06

Investment Trend 13

Who is Investing 24

Exit Outlook - IPO, Acquisitions 28

Sub Sector Analysis 33

Interesting Companies 51

Useful Links 58

Company List 61

Team 177

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.4

Sector Overview

Scope of report

The report covers companies that develop robots that perform automation in industrial sector or help professionals in carryingout their natural course of work.

Includes

Companies which develop robots that automate (sometimes perform intelligent automation of) a task primarily in industries.These industries include manufacturing (production lines, warehouse automation), healthcare (surgical robots, rehabilitationrobots, disinfection robots etc.), agriculture, space, defense, textile, unmanned inspection/monitoring & maintenance vehicles(water or land based) etc. The report also includes companies which develop software (machine vision, autopilot) or hardwaremodules (actuators, sensors) specifically for industrial robots.

Excludes

Robots aimed at consumers, unmanned aerial vehicles, 3D printers, semi-autonomous mechanical systems, semi-autonomousagricultural machinery such as tractors and combines, semi-autonomous heavy machinery such as cranes, trucks, andproduction line equipment such as packaging & palletizing machines, autonomous conveyors etc.

The report includes both equity and debt funding received by companies.

Disclaimer: The information and data in the report is based on global developments tracked in the sector till January 11, 2017. This is to categorically state that any eventsand relevant developments after the said date will not reflect in the report.

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Team

5

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.

50

43

62

56

86 84

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2010 2011 2012 2013 2014 2015 2016

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YoY – Number of companies founded

Moon Express GreyOrange Transcriptic Savioke Fetch Robotics Sarcos Tend.ai

Persimmon Tech Blue River Technology KB Medical SA US Ladar Cambridge Medical Robotics 6River Systems Ready Robotics

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.7

Large Upcoming Sectors

No. of Companies Founded

Average Age

No. of Companies Funded

Business ModelTotal

FundingExample

15 Feb-2012 6 Multi-Industry > Telepresence $1M swivl.com

Swivl2010, San Carlos

20 Jan-2011 5 Service Robots > Hospitality $17M yogorobot.com

YOGO Robot2016, Shanghai

22 Sep-2009 7Maritime > Unmanned Surface Vehicles

$100M liquid-robotics.com

Liquid Robotics2007, Sunnyvale

28 May-2009 9 Agriculture $76M bluerivert.com

Blue River Technology2011, Sunnyvale

40 May-2008 5Multi-Industry > Multipurpose Robotic Platforms

$59M plusonerobotics.com

PlusOne Robotics2015, San Antonio

22 Sep-2007 9 Healthcare > Rehabilitation $41M alterg.com

AlterG2005, Fremont

47 Feb-2006 37 Healthcare > Surgery $1.4B axilumrobotics.com

Axilum Robotics2011, Strasbourg

51 Apr-2005 14 Military > Unmanned Vehicle Systems $120M robo-team.com

Roboteam2009, Tel Aviv

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.8

Large Upcoming Sectors

No. of Companies Founded

Average Age

No. of Companies Funded

Business ModelTotal

FundingExample

68 Aug-2002 16 Manufacturing > Material Handling $44M mh-automation.eu

MH Automation2013, Thimister

56 May-2001 22 Logistics > Warehouse Automation $190M greyorange.com

GreyOrange2011, Gurgaon

17 Nov-2000 5Manufacturing > Material Handling > Grippers

$19M grabitinc.com

Grabit2011, Santa Clara

30 Aug-1995 8 Tech Enablers > Robot Vision $25M usladar.com

US Ladar2013, San Francisco

62 May-1987 19 Manufacturing > Multi-Utility Robots $28M parirobotics.com

Pari Robotics1990, Pune

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.9

Niche Upcoming Sectors

No. of Companies Founded

Average Age

No. of Companies Funded

Business ModelTotal

FundingExample

6 Jan-2015 4 Logistics > Last Mile Delivery $2M zhenrobot.com

ZhenRobotics2016, Beijing

2 Jan-2014 1 Textile $3M softwearautomation.com

SoftWear Automation2014, Atlanta

15 Jul-2011 5 Infrastructure Services > Construction $19M q-bot.co

Q-Bot2012, London

5 Feb-2010 4 Space $38M teamindus.in

Axiom Research Labs2010, Bangalore

54 May-2008 8Maritime > Automated Underwater Vehicles

$2M planystech.com

Planys2015, Chennai

8 Feb-2008 2 Tech Enablers > Sensing $680K accerion.tech

Accerion2015, Venlo

3 Jan-2008 1 Healthcare > Disinfection $48M xenex.com

Xenex2008, San Antonio

8 Jul-2007 3 Service Robots > Retail $23M bossanova.com

Bossa Nova Robotics2005, Pittsburgh

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.10

Niche Upcoming Sectors

No. of Companies Founded

Average Age

No. of Companies Funded

Business ModelTotal

FundingExample

13 Nov-2003 2Military > Unmanned Vehicle Systems > Explosive Ordnance Disposal

$4M resquared.com

RE2 Robotics2001, Pittsburgh

13 Jun-2002 5 Logistics > Internal Logistics $53M aethon.com

Aethon1997, Pittsburgh

23 Jun-1998 3Infrastructure Services > Asset Inspection

$55M redzone.com

RedZone1987, Pittsburgh

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Team

11

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.12

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.13

YoY – Number of Rounds and Total Funding

$137M

$184M

$130M

$187M$196M

$175M

$336M

$614M

$485M

19

24

26

30

38

51

61

8683

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100

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140

280

420

560

700

2008 2009 2010 2011 2012 2013 2014 2015 2016

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Funding Amount Number of Rounds

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.14

YoY – Number of Rounds by Stage

814

1823

19257

11

15

22

37

40

6

5

6

7

15

7

0

16

32

48

64

80

2011 2012 2013 2014 2015 2016

Nu

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Seed Early Late

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.15

YoY – Funding by Stage

$3M $16M $4M $16M $20M $31M$38M$50M

$55M

$109M

$182M

$265M

$108M $89M $86M

$131M

$319M $120M

0

120

240

360

480

600

2011 2012 2013 2014 2015 2016

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Seed Early Late

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.16

Average Ticket Size – Early Stage

$0.4M

$1.3M$0.4M $0.9M

$1.5M$2.1M

$4.3M

$5.1M

$6.1M $6.7M

$4.8M

$9.0M

$6.7M

$13.8M

$4.1M

$6.9M

$17.9M

$15.4M

0.0

4.0

8.0

12.0

16.0

20.0

2011 2012 2013 2014 2015 2016

Fun

din

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ns)

Seed Series A Series B

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.17

Top investments in last one year

CompanyFunding Amount

Round Name

Date Investors

robo-team.comRoboteam

(Tel Aviv, 2009)$50M Series B Sep-2016 Generali

aurisrobotics.comAuris Surgical Robotics

(San Carlos, 2009)$49M Series D Jul-2016 -

clearpathrobotics.comClearpath Robotics(Kitchener, 2008)

$30M Series B Oct-2016 Inovia Capital, Caterpillar, GE Ventures, Eclipse VC, RRE Ventures, Silicon Valley Bank

cmedrobotics.com

Cambridge Medical Robotics

(Cambridge, 2014)$20M Series A Jul-2016 ABB Group, Cambridge Innovation Capital, LGT

rethinkrobotics.comRethink Robotics(Boston, 2008)

$18M Series E Dec-2016Adveq, Bezos Expeditions, Charles River Ventures, Highland Capital Partners, Sigma Partners, Draper Fisher Jurvetson, Two Sigma Ventures, GE Ventures, Goldman Sachs

sarcos.comSarcos

(Salt Lake City, 2015)$16M Series A Jan-2017 Schlumberger

savioke.comSavioke

(Sunnyvale, 2013)$15M Series A Jan-2016 Intel Capital, EDBI, Northern Light Venture Capital

intouchhealth.comInTouch Technologies(Santa Barbara, 2002)

$15M Series C Jun-2016 -

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.18

Top investments in last one year

CompanyFunding Amount

Round Name

Date Investors

usladar.comUS Ladar

(San Francisco, 2013)$15M Series A Oct-2016 -

bossanova.comBossa Nova Robotics

(Pittsburgh, 2005)$14M Series A Apr-2016 Walden Riverwood Ventures

saildrone.comSaildrone

(Alameda, 2014)$14M Series A Sep-2016 Social Capital, Capricorn, Lux Capital

seegrid.comSeegrid

(Pittsburgh, 2003)$14M Series C Apr-2016 -

neurala.comNeurala

(Cambridge, 2006)$14M Series A Dec-2016 -

transcriptic.comTranscriptic

(Menlo Park, 2012)$13M Series A Nov-2016 Data Collective, Digital Science, WuXi AppTec, AME Cloud Ventures

seegrid.comSeegrid

(Pittsburgh, 2003)$12M Series C Aug-2016 Giant Eagle, Inc.

hibot.co.jpHiBot

(Tokyo, 2004)$11M Series B Mar-2016 Mitsubishi UFJ Capital

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.19

Top investments in last one year

CompanyFunding Amount

Round Name

Date Investors

sarcos.comSarcos

(Salt Lake City, 2015)$11M Series A Sep-2016 Caterpillar, Microsoft, GE Ventures, Cottonwood Technology Fund

rapyuta-robotics.comRapyuta Robotics

(Tokyo, 2014)$10M Series A Sep-2016 SBI Investment

liferobotics.jpLife Robotics(Tokyo, 2007)

$9M Series B Nov-2016 Global Brain, Mitsui Fudosan, Koden Holdings, Mizuho Capital

locusrobotics.comLocus Robotics

(Massachusetts, 2014)$8M Series A May-2016 -

redzone.comRedZone

(Pittsburgh, 1987)$7M Series D Jan-2016 -

6river.com6River Systems(Boston, 2015)

$7M Seed Feb-2016 Eclipse VC, iRobot

5drobotics.com5D Robotics

(Carlsbad, 2009)$6M Seed Feb-2016 -

moonexpress.comMoon Express

(Mountain View, 2010)$5M Series C Dec-2016 -

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.20

Top investments in last one year

CompanyFunding Amount

Round Name

Date Investors

optofidelity.comOptoFidelity

(Tampere, 2005)$4M Series A May-2016 VisionPlus Fund, Finnish Industry Investment

exotecsolutions.comExotec Solutions

(Paris, 2015)$4M Series A Dec-2016 360 Capital Partners, Breega Capital

carbon.aiCarbon

(San Francisco, 2014)$3M Series A Nov-2016 -

dobot.ccDobot

(Guangdong, 2014)$3M Series A Apr-2016 -

persimmontech.comPersimmon Tech(Wakefield, 2010)

$3M Series B Oct-2016 -

ecorobotix.com

ecoRobotix(Yverdon-les-bains,

2011)$3M Series A Nov-2016 Investiere, Business Angels

xenex.comXenex

(San Antonio, 2008)$3M Series B Aug-2016 -

q-bot.coQ-Bot

(London, 2012)$3M Seed Mar-2016 ClearlySo, European Commission

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.21

Top investments in last one year

CompanyFunding Amount

Round Name

Date Investors

kbmedical.comKB Medical SA

(Lausanne, 2012)$3M Series B Oct-2016 Kinled

astrobotic.comAstrobotic

(Pittsburgh, 2008)$3M Seed May-2016 Space Angels Network

eiratech.comEiraTech

(Dublin, 2014)$2M Angel Mar-2016 -

liferobotics.jpLife Robotics(Tokyo, 2007)

$2M Series A Mar-2016 Koden Holdings, Mitsubishi UFJ Capital, OMRON

dispatch.aiDispatch

(San Francisco, 2015)$2M Seed Apr-2016 Andreessen Horowitz

tend.aiTend.ai

(Bend, 2016)$2M Seed Jun-2016 True Ventures

automarinesys.com

Autonomous Marine Systems

(Arlington, 2008)$2M Seed Feb-2016

Clean Energy Venture Group, Fontinalis Partners, Industrial Investors, Signal Ventures, I2BF Global Ventures, Texas Halo Fund

ready-robotics.comReady Robotics

(Baltimore, 2016)$2M Seed Jun-2016 RRE Ventures, Eniac Ventures, Emerald Development Managers

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.22

Funnel view of Sector

Percent of Previous

31%

33%

46%

78

25

40

87

266

851

0 180 360 540 720 900

M&A & IPO

Late

Series B

Series A

Funded

Founded

Number of Companies

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Team

23

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.24

Most Active Investors in Sector

9

7

6

5 5 5

4 4 4 4

0

2

4

6

8

10

InnovationWorks

SOSV High-TechGrunderfonds

ABBGroup

Eclipse VC Techstars AME CloudVentures

National ScienceFoundation

OrkosCapital

Plug and PlayTech Center

Tota

l Nu

mb

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ou

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s

RedZone Carbon SynapticonCambridge Medical

RoboticsClearpathRobotics

Neurala Transcriptic Persimmon Tech Neurala Knightscope

Seegrid Dispatch Magazino Persimmon Tech 6River Systems Carbon Savioke BluHaptics Balyo Grabit Inc

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.25

Where are Top Investors investing

Innovation Works

SOSVHigh-Tech

GrunderfondsABB Group Eclipse VC Techstars

AME Cloud Ventures

National Science

Foundation

OrkosCapital

Plug and Play Tech

Center

Healthcare Blue Belt Tech OpenTronsMedineering,

Reactive Robotics

Cambridge Medical Robotics

TranscripticAndros

Robotics

LogisticsSeegrid,

Aethon, IAM Robotics

Dispatch Magazino6River

Systems, Marble

CtrlWorks Balyo

Manufacturing Titan RoboticsCarbon, Rational Robotics

Revobotik, Bionic Robotics

Persimmon Tech, Grabit, Soft Robotics

ModbotCarbon, Rational Robotics

ModbotPersimmon

TechGrabit

Military RE2 Robotics

Multi-Industry RovensoClearpath Robotics

Knightscope

Tech Enablers Hebi Robotics SynapticonKinema Systems

Neurala, Muse Robotics

Canvas Technology

BluHaptics, Energid

Neurala, ALCI SAS, ez-Wheel

SynTouch

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.26

Top Investor by Stage of Entry

Blume Ventures 2

Synergy Life Science Partner 2

Versant Ventures 2

3i Group 1

ABB Group 1

Acacia Venture Partners 1

Advent Venture Partners 1

Aisling Capital 1

Alafi Capital 1

Alloy Ventures 1

20/20 HealthCare Partners 1

ABS Capital Partners 1

Accel Partners 1

Advantage Capital 1

Advent Venture Partners 1

Adveq 1

Agate Medical investments 1

Allen & Company 1

Alloy Ventures 1

Alta Partners 1

Seed Series A Series B Later Stage

Innovation Works 3

ABB Group 2

Data Collective 2

Draper Triangle 2

Finnish Industry Investment 2

High-Tech Grunderfonds 2

Intel Capital 2

Lux Capital 2

Sequoia Capital 2

360 Capital Partners 1

High-Tech Grunderfonds 5

Techstars 4

AME Cloud Ventures 2

Almi 2

GV 2

Grishin Robotics 2

HAX 2

Qualcomm Robotics Accelerator

2

Space Angels Network 2

True Ventures 2

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Team

27

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.28

Top IPOs in last three years

IPO Date Company OverviewFunding Amount

Exch:Ticker

Jun-2015 fbr.com.auFastbrick Robotics

(Perth, 2005)Brick laying robotsHunter Hall

- ASX:FBR

Nov-2014 estun-robotics.comNanjing Estun Automation

(Nanjing, 1993)Developer of industrial robotic manipulators

- CH:002747

Aug-2014 corindus.comCorindus Vascular Robotics

(Waltham, 2001)Robotics for surgery20/20 HealthCare Partners, HealthCor Partners, Hobart Group

$90.51M NYSEMKT:CVRS

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.29

Major Acquisitions in last one year

Date Company Acquirer Deal Size OverviewTotal

Funding

Jan-2017 liquid-robotics.comLiquid Robotics

(Sunnyvale, 2007)Boeing Undisclosed

Develops unmanned surface vehicles propelled by wave energyRiverwood Capital, VantagePoint Capital Partners, Schlumberger

$82.14M

Dec-2016 autostoresystem.comAutoStore

(Amsosen, 1971)EQT Partners Undisclosed

Warehouse automation by using AGVs-

Sep-2016 mrmoco.comMark Roberts Motion Control

(Farnborough, 1966)Nikon Undisclosed

Develops high-speed motion camera robot-

Jul-2016 medtech.frMedtech

(Paris, 2002)Zimmer Biomet

UndisclosedDeveloper of surgical assistance robots and robotic armNewfund, Midi Capital, Ally Bridge Group

$20.99M

Jun-2016 gimatic.comGimatic

(Roncadelle, 1985)AGIC Group $112M

Developer of grippers and End-of-arm tooling for robotsXenon Private Equity

-

May-2016 kuka-robotics.comKUKA Robotics

(Augsburg, 1898)Midea Group $5B

Industrial robots and manipulatorsVoith

-

May-2016 svia.comSVIA

(Jonkoping, 1998)ABB Undisclosed Developer of industrial robot cells and machine vision products -

Apr-2016 hansenmedical.comHansen Medical

(Mountain View, 2002)Auris Surgical

Robotics$80M

Robotic catheter for complex proceduresProspect Venture Partners, Kearny Venture Partners, Skyline Ventures, De Novo Ventures, Catalyst Heath Ventures

-

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.30

Major Acquisitions in last one year

Date Company Acquirer Deal Size OverviewTotal

Funding

Apr-2016 jotautomation.comJOT Automation

(Oulu, 1988)

Wuxi Lead Intelligent

Equipment Co.Undisclosed

Automated test and assembly solutions for smart products.-

Mar-2016 ndcautomation.comNDC Automation

(Chatswood, 1999)Dematic Undisclosed

Developers of AGVs for warehouse automation-

Mar-2016 interactive-motion.comInteractive Motion(Watertown, 1998)

Bionik Laboratories UndisclosedRobotic help for neurorehabilitation and robotic gym

$300K

Feb-2016 bluefinrobotics.comBluefin Robotics(Quincy, 1997)

General Dynamics Mission Systems

UndisclosedAUVs and related technologies

-

Jan-2016 smd.co.uk

Soil Machine Dynamics

(Wallsend, 1971)

Zhuzhou CRRC Times Electric

CompanyUndisclosed

Developers of ROV for sub-sea exploration-

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Team

31

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.32

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.33

January 2017

Cumulative funding in the sectorPractice Area - Technology | Analyst: @kartickm

Tracxn BlueBox : Industrial Robotics850+ companies in the sector, 167 funded in last 5 years, $462M invested in 2016

Most Active Investors: Innovation Works, SOSV, High-Tech Gründerfonds, ABB & Eclipse VC

HEALTHCARE $1.3B

MILITARY

Unmanned Vehicle SystemsRoboteam (2009, $62M)

LOGISTICS $220MMANUFACTURING

Multi-Utility RobotsPari Robotics (1990, $9M)

Material Handling - Robotic

ArmsLife Robotics (2007, $13M)

Material Handling - GrippersGrabit (2011, 11M)

PaintingRational Robotics (1981, $145K)

DrillingRobotic Drilling Systems (2005)

$194M

Warehouse AutomationSeegrid (2003, $47M)

Internal LogisticsAethon (1997, $44M)

$101M

SurgeryAuris Surgical (2009, $233M)

DisinfectionXenex (2008, $48M)

TelepresenceInTouch Technologies (2002, $64M)

RehabilitationAlterG (2005, $23M)

Laboratory AutomationProtedyne (2000, $22M)

Pharmacy AutomationNewIcon (2007, $2.85M)

TECH ENABLERS $74M

Simulation & ProgrammingMujin (2011, $7M)

Navigation5D Robotics (2009, $5.5M)

Robot VisionUS Ladar (2013, $15M)

Control SystemsNeurala (2006, $16M)

SERVICE ROBOTS $45M

INFRASTRUCTURE SVC.

Asset InspectionRedZone Robotics (1987, $52M)

$58M

HospitalitySavioke (2013, $18M)

RetailBossa Nova Robotics (2005, $23M)

MARITIME

Unmanned Surface VehiclesLiquid Robotics (2007, $82M)

$102M

AGRICULTURE

Blue River Technology (2011, $30M)

$64M

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.34

Top Business Models by Funding

$1.4B

$220M $195M$117M $102M $84M $75M $64M $59M $45M

0

320

640

960

1280

1600

Healthcare Logistics Manufacturing Military Maritime Multi-Industry

Tech Enablers Agriculture InfrastructureServices

ServiceRobots

Tota

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(in

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s)

Avg. Age May-04 Aug-02 Aug-95 Jul-05 Nov-08 Aug-09 Sep-04 May-09 Sep-03 Nov-04

# Cos. 107 76 165 53 82 67 134 28 38 50

Auris Surgical Robotics Seegrid Rethink Robotics Roboteam Liquid Robotics Clearpath Robotics Neurala Blue River Technology RedZone Bossa Nova Robotics

Medrobotics Aethon Persimmon Tech Sarcos Saildrone HiBot US Ladar Harvest Automation Q-Bot Savioke

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.35

Healthcare – Business Model Description

Robotic systems to help in surgery, rehabilitation & other healthcare activities

Surgery Rehabilitation Laboratory Automation Pharmacy Automation Simulation Training

Robots used inrehabilitation of patients

Robots that help inautomating laboratoryactivities

Robots that help inautomated dispensing inpharmacies.

Robots providingsimulation training ofsurgery

Remotely controlled noninvasive surgical systems

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.36

Healthcare – Entrepreneur Activity and Investment Trend

$104M

$143M

$78M

$117M$93M

$60M

$240M

$365M

$156M8

1315

16

1213

20 19

14

0

5

10

15

20

25

0

80

160

240

320

400

2008 2009 2010 2011 2012 2013 2014 2015 2016N

um

ber o

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Fun

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YoY – Total Funding and No. of Rounds

6

10

4

67

5

10

6

0

2

5

7

10

12

2008 2009 2010 2011 2012 2013 2014 2015

Nu

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YoY – No. of Companies Founded

51

7 7 7 6 63 3

0

12

24

36

48

60

UnitedStates

France Israel Switzer-land

Germany UnitedKingdom

Canada Italy

Nu

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Distribution of Companies across Countries

$1.2B

$77M $58M

121

31

17

0

28

56

84

112

140

0

280

560

840

1120

1400

Surgery Telepresence LaboratoryAutomation

Nu

mb

er of C

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pan

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Fun

din

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n M

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ns)

BM wise Investment

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.37

Healthcare – Most Funded Companies

Company Overview Business ModelFunding Amount

aurisrobotics.comAuris Surgical Robotics

(2009, San Carlos)Robotic surgical system for ophthalmologyHighland Capital Partners, Lux Capital, NaviMed Capital, Mithril, Korea Investment Partners

Healthcare > Surgery $233.11M

medrobotics.comMedrobotics

(2005, Raynham)Flexible robotic surgical devices for laparoscopic proceduresHTGC, Pittsburgh Life Sciences Greenhouse, Rosetta Capital Corporation

Healthcare > Surgery $139.98M

restorationrobotics.comRestoration Robotics

(2002, San Jose)Robot based hair transplant solutionInterWest Partners, Sutter Hill Ventures, Alloy Ventures, Clarus Ventures

Healthcare > Surgery $116.03M

makosurgical.comMAKO Surgical

(2004, Lauderdale)

Robotic and implantable surgical solutionsZiegler Meditech Equity Partners, IvyCap Ventures, Alta Partners, Skyline Ventures, LumiraCapital, Aperture Venture Partners, Deerfield, Montreux Equity Partners, Sycamore Ventures, MDS Capital, MediTech Advisors

Healthcare > Surgery $110.1M

transenterix.comTransEnterix

(2006, Durham)

Develops robotic surgery platformsSaints Capital, Intersouth Partners, Quaker Partners, SV Life Sciences, Aisling Capital, Synergy Life Science Partner, Quaker Partners

Healthcare > Surgery $96M

orayainc.comOraya Therapeutics

(2007, Newark)

Robotic treatment to cure macular degeneration in eyeNational Institutes of Health, Scale Venture Partners, Essex Woodlands, HTGC, Domain Associates, Synergy Life Science Partner, Zeiss

Healthcare > Surgery $92.13M

corindus.com

Corindus Vascular Robotics

(2001, Waltham)

Robotics for surgery20/20 HealthCare Partners, HealthCor Partners, Hobart Group

Healthcare > Surgery $90.51M

intouchhealth.comInTouch Technologies(2002, Santa Barbara)

Proprietary communications and mobile robotic platformBeringea, Acacia Venture Partners, InvestMichigan, Galen Partners, iRobot

Healthcare > Telepresence

$63.69M

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.

Warehouse Automation Internal Logistics Last Mile Delivery

38

Logistics – Business Model Description

Robotic solutions related to automation of logistics and warehouse operations

Robots used in warehouses that help inorder fulfilment

Robots that solve internal logisticsproblems in commercial institutions

Robots that perform last mile deliveryoperations

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.39

Logistics – Entrepreneur Activity and Investment Trend

$18M$4M $9M $9M

$17M

$2M$19M

$88M

$50M

4

2 2 2

6

1

4

1612

0

4

7

11

14

18

0

20

40

60

80

100

2008 2009 2010 2011 2012 2013 2014 2015 2016N

um

ber o

f Ro

un

ds

Fun

din

g A

mo

un

t (i

n M

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ns)

YoY – Total Funding and No. of Rounds

12

3

5 54

1011

3

0

2

5

7

10

12

2008 2009 2010 2011 2012 2013 2014 2015 2016

Nu

mb

er o

f C

om

pan

ies

Fou

nd

ed

YoY – No. of Companies Founded

27

6 6 5 4 3 2 2

0

6

12

18

24

30

UnitedStates

France Germany China India Belgium Austria Canada

Nu

mb

er o

f C

om

pan

ies

Distribution of Companies across Countries

$170M

$48M

$2M

43

15

4

0

10

20

30

40

50

0

36

72

108

144

180

Warehouse Automation Internal Logistics Last Mile Delivery

Nu

mb

er of C

om

pan

ies

Fun

din

g A

mo

un

t (i

n M

illio

ns)

BM wise Investment

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.40

Logistics – Most Funded Companies

Company Overview Business ModelFunding Amount

seegrid.comSeegrid

(2003, Pittsburgh)Vision Guided Vehicles with auto-navigationInnovation Works, Giant Eagle, Inc.

Logistics > Warehouse Automation

$46.56M

aethon.comAethon

(1997, Pittsburgh)

Autonomous robots for internal logistics in hospitalsTrident Capital, Innovation Works, Draper Triangle, Robert Bosch Venture Capital, Radius Ventures, Nexus Medical Partners, Mitsui, Salix Ventures, Ascension Ventures

Logistics > Internal Logistics

$44.36M

greyorange.comGreyOrange

(2011, Gurgaon)Develops warehouse automation robotsTiger Global Management, Alps Venture, Blume Ventures

Logistics > Warehouse Automation

$38.58M

fetchrobotics.comFetch Robotics

(2014, San Jose)Robots for logistics and light industrial marketsO'Reilly AlphaTech Ventures, Shasta Ventures, Softbank

Logistics > Warehouse Automation

$23M

kivasystems.comKiva Systems

(2003, North Reading)Mobile-robotic Fulfilment SystemBain Capital Ventures,

Logistics > Warehouse Automation

$16.6M

locusrobotics.comLocus Robotics

(2014, Massachusetts)Warehouse fulfillment & automation through robots Logistics > Warehouse

Automation$14M

balyo.comBalyo

(2005, Moissy-cramayel)Mobile robotics for logisticsOrkos Capital, Bpifrance, Seventure Partners, Linde Material Handling, Robolution Capital

Logistics > Warehouse Automation

$10.7M

jtrobots.com

Jaten Robot & Automation

(2001, Foshan)

Automated guided vehicle manufacturer Logistics > Warehouse Automation

$7.45M

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.41

Manufacturing – Business Model Description

Robots designed to automate factory and manufacturing operations

Material Handling Multi-Utility Robots Welding Quality Control Painting

Robots used to performa host of industrialactivities

Robots used in weldingactivities

Robotic technology usedin quality check activities

Robots used in paintingactivities

Robots used in materialhandling activities

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.42

Manufacturing – Entrepreneur Activity and Investment Trend

$7M

$16M$20M

$33M

$22M$18M

$80M

$47M

2

3 12

4

109

17

10

0

4

7

11

14

18

0

18

36

54

72

90

2008 2009 2010 2011 2012 2013 2014 2015 2016N

um

ber o

f Ro

un

ds

Fun

din

g A

mo

un

t (i

n M

illio

ns)

YoY – Total Funding and No. of Rounds

6

89 9

11

7 76

2

0

2

5

7

10

12

2008 2009 2010 2011 2012 2013 2014 2015 2016

Nu

mb

er o

f C

om

pan

ies

Fou

nd

ed

YoY – No. of Companies Founded

54

2117

11 9 7 7 6

0

12

24

36

48

60

UnitedStates

China Germany India UnitedKingdom

Canada Switzer-land

Japan

Nu

mb

er o

f C

om

pan

ies

Distribution of Companies across Countries

$44M

$18M

36

15

0

8

16

24

32

40

0

10

20

30

40

50

Material Handling Multi-Utility Robots

Nu

mb

er of C

om

pan

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Fun

din

g A

mo

un

t (i

n M

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ns)

BM wise Investment

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.43

Manufacturing – Most Funded Companies

Company Overview Business ModelFunding Amount

rethinkrobotics.comRethink Robotics(2008, Boston)

Develops Baxter, a collaborative robot for manufacturing sectorGoldman Sachs, Highland Capital Partners, Charles River Ventures, Goldman Sachs, Draper Fisher Jurvetson, Sigma Partners, Bezos Expeditions, Sigma Prime Ventures, Two Sigma Ventures, Adveq, Wellington Management, GE Ventures

Manufacturing $113.5M

persimmontech.comPersimmon Tech(2010, Wakefield)

Developer of vacuum robotics and automation for semiconductor industryABB Group, Intel Capital, HTGC, National Science Foundation, Berwind Private Equity, NidecSankyo Corporation

Manufacturing $19M

liferobotics.jpLife Robotics(2007, Tokyo)

Collaborative robot armMizuho Capital, Mitsubishi UFJ Capital, Nippon Technology Venture Partners, Mitsui Fudosan, OMRON, Lead Capital Management, Global Brain, Koden Holdings

Manufacturing > Material Handling > Robotic Arms

$13.22M

grabitinc.comGrabit

(2011, Santa Clara)

Electroadhesion products for material handling and roboticsABB Group, Nike, Plug and Play Tech Center, Formation 8, Draper Nexus, Danhua Capital, flextronics

Manufacturing > Material Handling > Grippers

$10.6M

parirobotics.comPari Robotics(1990, Pune)

Manufacturer of precision automation and robotics products and technologiesAxis Holdings

Manufacturing > Multi-Utility Robots

$8.8M

carbon.aiCarbon

(2014, San Francisco)Developer of intelligent robotic armsTechstars, Qualcomm Robotics Accelerator, V1.VC, SOSV

Manufacturing > Material Handling > Robotic Arms

$5.63M

qkmtech.comQKM Tech

(2013, Shenzhen)Industrial robot automation technologySequoia Capital, SAIF Partners China, FutureCap

Manufacturing > Multi-Utility Robots

$4.5M

softroboticsinc.comSoft Robotics

(2013, Cambridge)Manufactures robotic grippers and control systemABB Group, In-Q-Tel, Haiyin Capital

Manufacturing > Material Handling > Grippers

$4.45M

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.44

Military – Business Model Description

Robotics solutions with military applications such as reconnaissance, explosive ordnance disposal etc.

Unmanned Vehicle Systems

Unmanned robotic platforms usedfor military operations

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.45

Military – Entrepreneur Activity and Investment Trend

$9M

$2M

$14M

$2M $3M

$62M

2

1

2

3 3 3

3

0

1

1

2

3

4

0

14

28

42

56

70

2010 2011 2012 2013 2014 2015 2016N

um

ber o

f Ro

un

ds

Fun

din

g A

mo

un

t (i

n M

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ns)

YoY – Total Funding and No. of Rounds

4

5

4

2 2

3

5

3

1

0

1

2

4

5

6

2008 2009 2010 2011 2012 2013 2014 2015 2016

Nu

mb

er o

f C

om

pan

ies

Fou

nd

ed

YoY – No. of Companies Founded

23

8

53

2 2 21

0

5

10

15

20

25

UnitedStates

Israel Canada France Russia SouthKorea

Spain Australia

Nu

mb

er o

f C

om

pan

ies

Distribution of Companies across Countries

$117M

21

0

5

10

15

20

25

0

28

56

84

112

140

Unmanned Vehicle Systems

Nu

mb

er of C

om

pan

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Fun

din

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mo

un

t (i

n M

illio

ns)

BM wise Investment

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.46

Military – Most Funded Companies

Company Overview Business ModelFunding Amount

robo-team.comRoboteam

(2009, Tel Aviv)Unmanned Ground Vehicles development and manufacturingGenerali, Crossroads Capital, F&H Fund Management

Military > Unmanned Vehicle Systems

$62M

sarcos.comSarcos

(2015, Salt Lake City)Developers of dexterous robotic systems for use in unstructured environmentsMicrosoft, Caterpillar, Schlumberger, Cottonwood Technology Fund, GE Ventures

Military > Unmanned Vehicle Systems

$26.13M

robotex.comRoboteX

(2007, Sunnyvale)Robots for military and law enforcementSubtraction Capital

Military > Unmanned Vehicle Systems

$25.09M

resquared.comRE2 Robotics

(2001, Pittsburgh)Developer of manipulation systemsInnovation Works, Draper Triangle, TATRC, Startbot, NIH SBIR, Riverfront Ventures

Military > Unmanned Vehicle Systems > Explosive Ordnance Disposal

$2.25M

introbot.ptIntroBot

(2009, Palmela)Robotic platform for reconnaissance missions Military > Unmanned

Vehicle Systems$578K

reconrobotics.comReconRobotics(2006, Edina)

Tactical micro-robot systems Military > Unmanned Vehicle Systems

$353k

targamite.comTargamite

(2013, Fort Wayne)Robotic programmable target systemElevate Ventures, Indiana Angel Network

Military > Unmanned Vehicle Systems

$325K

blackirobotics.comBlack-I Robotics

(2006, Tyngsboro)UGVs and rescue bots Military > Unmanned

Vehicle Systems$168k

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.47

Maritime – Business Model Description

Robots with marine applications such as ocean monitoring, weather data collection, ocean debris collection etc.

Automated Underwater Vehicles

Robotic technology applied tounderwater vehicles

Unmanned Surface Vehicles

Robotic technology applied tounmanned surface vessels

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.48

Maritime – Entrepreneur Activity and Investment Trend

$46M

$0.4M $2M

$17M

4

2

4

5

0

1

2

4

5

6

0

10

20

30

40

50

2013 2014 2015 2016N

um

ber o

f Ro

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ds

Fun

din

g A

mo

un

t (i

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ns)

YoY – Total Funding and No. of Rounds

3

56

3

8

4

1110

5

0

2

5

7

10

12

2008 2009 2010 2011 2012 2013 2014 2015 2016

Nu

mb

er o

f C

om

pan

ies

Fou

nd

ed

YoY – No. of Companies Founded38

8

4 3 3 3 3 3

0

8

16

24

32

40

UnitedStates

UnitedKingdom

China Canada France Italy Netherlands

Portugal

Nu

mb

er o

f C

om

pan

ies

Distribution of Companies across Countries

$100M

17

0

4

7

11

14

18

0

24

48

72

96

120

Unmanned Surface Vehicles

Nu

mb

er of C

om

pan

ies

Fun

din

g A

mo

un

t (i

n M

illio

ns)

BM wise Investment

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.49

Maritime – Most Funded Companies

Company Overview Business ModelFunding Amount

liquid-robotics.comLiquid Robotics

(2007, Sunnyvale)Develops unmanned surface vehicles propelled by wave energyRiverwood Capital, VantagePoint Capital Partners, Schlumberger

Maritime > Unmanned Surface Vehicles

$82.14M

saildrone.comSaildrone

(2014, Alameda)Develops autonomous unmanned surface vehicle (USV)Lux Capital, Capricorn, Social Capital, Schmidt Family Foundation

Maritime > Unmanned Surface Vehicles

$16.5M

automarinesys.comAutonomous Marine Systems

(2008, Arlington)

Self-righting catamaranFontinalis Partners, I2BF Global Ventures, Signal Ventures, Texas Halo Fund, Industrial Investors, SURGE Ventures, Virginia Velocity, Clean Energy Venture Group

Maritime > Unmanned Surface Vehicles

$1.6M

openrov.comOpenROV

(2010, Berkeley)Open-source underwater robotTrue Ventures, SK Ventures

Maritime > Automated Underwater Vehicles

$1.3M

riptideas.comRiptide Autonomous Solutions

(2015, Boston)Unmanned Maritime Vehicle production

Maritime $333K

harborwingtech.comHarbor Wing Tech

(2003, Seattle)Designs and develops AUSVs for various industrial applications Maritime > Unmanned

Surface Vehicles$186K

exocetussystems.comExocetus Autonomous Systems

(2016, Wallingford)Develops a marine underwater robot for research and exploration Maritime > Automated

Underwater Vehicles-

deepinfar.comDeepfar Ocean Technology Co.

(2013, Tianjin)Performs R&D and develops underwater robots Maritime > Automated

Underwater Vehicles-

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Team

50

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.51

Interesting Unfunded Companies

Company OverviewBusiness Model

Franka(2016, Munich)

Collaborative robot arm with intuitive app-based programming Manufacturing > Material Handling > Robotic Arms

Roboception(2015, Munich)

Develops sensors for visual perception in robotsTech Enablers > Robot Vision

Dibotics(2015, Paris)

Develops platform for enabling 3D SLAM technology Tech Enablers > Navigation

Verb Surgical(2015, Mountain View)

Developing surgical robots with better AIHealthcare > Surgery

Runner Robotics(2015, Toronto)

Developing surgical robots with better AI Logistics > Internal Logistics

Curated list of companies by the sector analyst are defined as Interesting

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.52

Interesting Seed Companies

Company Overview Business ModelTotal

Funding

teamindus.inAxiom Research Labs

(2010, Bangalore)Developing and building space rovers

Space $3M

astrobotic.comAstrobotic

(2008, Pittsburgh)Space robotics techSpace Angels Network, XPRIZE

Space $2.65M

yogorobot.comYOGO Robot

(2016, Shanghai)Service robot manufacturerIDG Capital Partners

Service Robots > Hospitality -

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.53

Interesting Series A Companies

Company Overview Business ModelTotal

Funding

transcriptic.comTranscriptic

(2012, Menlo Park)

Cloud-based remote robotic bio-labIA Venttures, 500 Startups, AME Cloud Ventures, Founders Fund, Silicon Valley Bank, GV, Data Collective, Boost VC, Digital Science, WuXi AppTec, Accelerator Tech, MITS Fund

Healthcare > Laboratory Automation

$27.7M

bossanova.comBossa Nova Robotics

(2005, Pittsburgh)Develops robots for retail storesRiverwood Capital, Innovation Works, Walden Riverwood Ventures

Service Robots > Retail $23.11M

zenrobotics.comZenRobotics

(2007, Helsinki)Robots for the recycling industryLifeline Ventures, Invus

Energy, Environment & Recycling

$17M

parirobotics.comPari Robotics(1990, Pune)

Manufacturer of precision automation and robotics products and technologiesAxis Holdings

Manufacturing > Multi-Utility Robots

$8.8M

vigilantrobots.comGamma 2 Robotics

(2012, Denver)Security robot based auto monitoring solutionsFoxlink, Han Hai Investment, Newgen Venture Partners

Multi-Industry > Surveillance

$3.55M

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.54

Interesting Series B Companies

Company Overview Business ModelTotal

Funding

greyorange.comGreyOrange

(2011, Gurgaon)

Develops warehouse automation robotsTiger Global Management, Alps Venture, Blume Ventures

Logistics > Warehouse Automation

$38.58M

bluerivert.comBlue River Technology

(2011, Sunnyvale)

Computer vision and robotics for agriculureKhosla Ventures, Steve Blank, Innovation Endeavors, Data Collective, Ulu Ventures, ATEL Capital Group, Stanford Angels and Entrepreneurs, Pontifax Agtech

Agriculture $30.1M

fetchrobotics.comFetch Robotics

(2014, San Jose)

Robots for logistics and light industrial marketsO'Reilly AlphaTech Ventures, Shasta Ventures, Softbank

Logistics > Warehouse Automation

$23M

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.55

Interesting Late Stage Companies

Company Overview Business ModelTotal

Funding

rethinkrobotics.comRethink Robotics(2008, Boston)

Develops Baxter, a collaborative robot for manufacturing sectorGoldman Sachs, Highland Capital Partners, Charles River Ventures, Goldman Sachs, Draper Fisher Jurvetson, Sigma Partners, Bezos Expeditions, Sigma Prime Ventures, Two Sigma Ventures, Adveq, Wellington Management, GE Ventures

Manufacturing $113.5M

intouchhealth.comInTouch Technologies(2002, Santa Barbara)

Proprietary communications and mobile robotic platformBeringea, Acacia Venture Partners, InvestMichigan, Galen Partners, iRobot

Healthcare > Telepresence

$63.69M

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.56

Top Funded Deadpooled Companies

Company Overview Business ModelTotal

Funding

Oraya Therapeutics( 2007, Newark)

Robotic treatment to cure macular degeneration in eyeNational Institutes of Health, Scale Venture Partners, Essex Woodlands, HTGC, Domain Associates, Synergy Life Science Partner, Zeiss

Healthcare > Surgery $92M

QBotix( 2010, Menlo Park)

Autonomous and rugged robot for solar power plants operationNEA, Draper Fisher Jurvetson, Siemens Venture Capital, Draper Nexus, E.on, FirelakeCapital, Iberdrola

Energy, Environment & Recycling

$23.5M

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Team

57

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.58

Useful Links

Slide Title Content Platform Link

List of All Companies in readable format Companies Link

Large Upcoming Sectors Entrepreneur Activity Link

Niche Upcoming Sectors Entrepreneur Activity Link

Top investments in last one year Investment Trend Link

Major Acquisitions in last one year Exit Outlook - Acquisitions Link

Top Funded Deadpooled Companies Companies Link

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.59

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Team

60

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.61

Industrial Robotics – Company List

Healthcare Logistics Manufacturing Military Maritime Multi-Industry Tech Enablers

AgricultureInfrastructure

Services Service Robots

Energy, Environment &

RecyclingSpace Electronics Textile

Media & Entertainment

266 FUNDED COMPANIES AND 585 UNFUNDED COMPANIES

COVERS THE FOLLOWING SECTORS

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.62

Healthcare (1/14)Company Overview Business Model Total Funding

Equine 4DDI(2015, New York City)

Develops robotically driven imagers for diagnostic imaging of pets (horses)

Xenex(2008, San Antonio)

Disinfection robots for healthcare facilitiesBattery Ventures, RK Ventures, Targeted Technology Funds, Brandon Point Industries

Disinfection $48.3M

Infection Prevention Technologies

(2009, Auburn Hills)

Robots for UV based disinfection in hospitals

Disinfection

Tru-D(2007, Memphis)

UV based bug slaying robot for use in hospitalsDisinfection

Transcriptic(2012, Menlo Park)

Cloud-based remote robotic bio-labIA Venttures, 500 Startups, AME Cloud Ventures, Founders Fund, Silicon Valley Bank, GV, Data Collective, Boost VC, Digital Science, WuXiAppTec, Accelerator Tech, MITS Fund

Laboratory Automation $27.7M

Protedyne(2000, Windsor Locks)

Develops robotic platform for laboratory automationVillage Ventures, Allen & Company, New Leaf Ventures, Sprout Group, Boston Community Capital, Meridian Venture Partners, Long River Ventures

Laboratory Automation $22M

Peak Analysis and Automation

(1992, Farnborough)

Laboratory automation robotics for the pharmaceutical & biotechnology industriesUCB

Laboratory Automation $5.6M

Go to BM List >> Logistics

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.63

Healthcare (2/14)Company Overview Business Model Total Funding

BioNex Solutions(2009, San Jose)

Laboratory Automation Robot for bio-pharmaceuticals and biotechLaboratory Automation $1.96M

Primadiag(2007, Romainville)

Robotics platforms for rapid automation of biology protocolsSmartAngels Laboratory Automation $639K

Sias(2000, Hombrechtikon)

Developer of lab automation and liquid handling robotsBioMedInvest Laboratory Automation

Ginolis(2010, Oulunsalo)

Liquid handling and lab automation robotsAlmi Laboratory Automation

OpenTrons(2014, Brooklyn)

Liquid handling robot for lab automationSOSV Laboratory Automation

aBioBot(2015, Columbus)

Liquid handling robot for laboratoriesLaboratory Automation

Dornier-LTF(, Lindau)

Develops a pippeting robotLaboratory Automation

Hudson Robotics(1983, Springfield Township)

Automation and robotic materials handling for LaboratoriesLaboratory Automation

Go to BM List >> Logistics

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.64

Healthcare (3/14)Company Overview Business Model Total Funding

Andrew Alliance(2011, Geneva)

Liquid handling robot for laboratoriesOmega Fund Laboratory Automation

NewIcon(2007, Kuopio)

Automated storage solutions for hospitals and pharmaciesEtera, Finnish Industry Investment Pharmacy Automation $2.85M

KIRO Robotics(2010, Mondragon)

Robots for automated compounding of intravenous treatmentsPharmacy Automation

Techcon Systems(1961, Garden Grove)

Automated dispensing systems for pharmaciesPharmacy Automation

Rowa Technologies | BD(1996, Kelberg)

Automated Pharmacy dispensing robotsPharmacy Automation

Parata Systems(2001, Durham)

Pharmacy dispensing solutionsPharmacy Automation

RxSafe(2008, Vista)

Pharmacy automation and dispensing solutionsPharmacy Automation

Innovation Associates(1972, Johnson)

Pharmacy automation solutionsPharmacy Automation

Go to BM List >> Logistics

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.65

Healthcare (4/14)

Go to BM List >> Logistics

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.66

Healthcare (5/14)

Go to BM List >> Logistics

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.67

Healthcare (6/14)

Go to BM List >> Logistics

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.68

Healthcare (7/14)

Go to BM List >> Logistics

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.69

Healthcare (8/14)

Go to BM List >> Logistics

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.70

Healthcare (9/14)

Go to BM List >> Logistics

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.71

Healthcare (10/14)

Go to BM List >> Logistics

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.72

Healthcare (11/14)

Go to BM List >> Logistics

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.73

Healthcare (12/14)

Go to BM List >> Logistics

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.74

Healthcare (13/14)

Go to BM List >> Logistics

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.75

Healthcare (14/14)

Go to BM List >> Logistics

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.76

Logistics (1/10)Company Overview Business Model Total Funding

Vecna(1999, Cambridge)

Waiting room solutions, patient portal and robotic solutions for logistics.

Aethon(1997, Pittsburgh)

Autonomous robots for internal logistics in hospitalsTrident Capital, Innovation Works, Draper Triangle, Robert Bosch Venture Capital, Radius Ventures, Nexus Medical Partners, Mitsui, Salix Ventures, Ascension Ventures

Internal Logistics $44.36M

Mobile Industrial Robots(2013, Odense)

Developers of robots for internal transport within a company, manufacturing floor or hospitals Internal Logistics $1.42M

CtrlWorks(2011, Singapore)

Makes robots with autonomous guidance systemsQualcomm, Techstars, National Research Foundation Singapore, Wavemaker Partners

Internal Logistics $1.4M

Unibap(2013, Uppsala)

Internal logistics robot for hospitals and enabling technologiesInternal Logistics $1.13M

Serva Transport Systems(2010, Bernau Am Chiemsee)

Developer of AGVs for intra-logistics needsInternal Logistics

Runners Robotics(2015, Toronto)

Robot for performing deliveries in a confined environmentInternal Logistics

Adam Robot | Cimcorp Oy(1986, Ulvila)

Mobile Robotic platform for transport of materialsInternal Logistics

Healthcare << Go to BM List >> Manufacturing

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Logistics (2/10)Company Overview Business Model Total Funding

Servus Intralogistics(2005, Dornbirn)

Developers of internal logistics solutionsInternal Logistics

Neobotix GmbH(1998, Heilbronn)

Robots for transportationInternal Logistics

MLR Group(2009, Ludwigsburg)

Develops AGVs for intralogistics and transportInternal Logistics

Savant Automation(2005, Grand Rapids)

Designs and develops automated guided vehiclesInternal Logistics

OPPENT SPA(1960, Milan)

Develops technologies for logistics industryInternal Logistics

Mobotech(2010, Auckland)

Develops Mobot which is a stand-on mini fork liftGlobal from Day One (GD1), Icehouse New Zealand, Sparkbox Internal Logistics

Dispatch(2015, San Francisco)

Self driven vehicles for last mile deliveryAndreessen Horowitz, SOSV Last Mile Delivery $2M

Marble(2015, San Francisco)

Stealth mode robotics company for performing deliveriesPromus Ventures, Eclipse VC, LemonLabs Last Mile Delivery

Healthcare << Go to BM List >> Manufacturing

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Logistics (3/10)Company Overview Business Model Total Funding

ZhenRobotics(2016, Beijing)

Machine learning and AI based logistics robotsCAS Star Last Mile Delivery

Robby Technologies(2015, Palo Alto)

Stealth mode company involved in the development of autonomous mobile robots Last Mile Delivery

Sidewalk Delivery(2015, Vilnius)

Develops automated robots for last mile deliveryStartup Sauna Last Mile Delivery

Starship Technologies(2014, Tallinn)

Self-driving delivery robotsLast Mile Delivery

Seegrid(2003, Pittsburgh)

Vision Guided Vehicles with auto-navigationInnovation Works, Giant Eagle, Inc. Warehouse Automation $46.56M

GreyOrange(2011, Gurgaon)

Develops warehouse automation robotsTiger Global Management, Alps Venture, Blume Ventures Warehouse Automation $38.58M

Fetch Robotics(2014, San Jose)

Robots for logistics and light industrial marketsO'Reilly AlphaTech Ventures, Shasta Ventures, Softbank Warehouse Automation $23M

Kiva Systems(2003, North Reading)

Mobile-robotic Fulfilment SystemBain Capital Ventures Warehouse Automation $16.6M

Healthcare << Go to BM List >> Manufacturing

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Logistics (4/10)

Healthcare << Go to BM List >> Manufacturing

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Logistics (5/10)

Healthcare << Go to BM List >> Manufacturing

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Logistics (6/10)

Healthcare << Go to BM List >> Manufacturing

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Logistics (7/10)

Healthcare << Go to BM List >> Manufacturing

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Logistics (8/10)

Healthcare << Go to BM List >> Manufacturing

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Logistics (9/10)

Healthcare << Go to BM List >> Manufacturing

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Logistics (10/10)

Healthcare << Go to BM List >> Manufacturing

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Manufacturing (1/21)Company Overview Business Model Total Funding

Rethink Robotics(2008, Boston)

Develops Baxter, a collaborative robot for manufacturing sectorGoldman Sachs, Highland Capital Partners, Charles River Ventures, Goldman Sachs, Draper Fisher Jurvetson, Sigma Partners, Bezos Expeditions, Sigma Prime Ventures, Two Sigma Ventures, Adveq, Wellington Management, GE Ventures

$113.5M

Persimmon Tech(2010, Wakefield)

Developer of vacuum robotics and automation for semiconductor industryABB Group, Intel Capital, HTGC, National Science Foundation, BerwindPrivate Equity, Nidec Sankyo Corporation

$19M

Kugar(2012, San Francisco)

Robotics platform developer for industrial automationAlchemist Accelerator

Hi-More Robot(1980, Taoyuan City)

Develops robots for injection molding operations

Prafly(2011, Shenzhen)

Robots for industries and smart kitchen solutionsIntel Capital

Flow Waterjet(1974, Kent)

Ultra high pressure waterjet technology with industrial applications

DST Robot(1998, Bucheon-si)

Makers of industrial robots and pet robots

Logistics << Go to BM List >> Military

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.87

Manufacturing (2/21)Company Overview Business Model Total Funding

Kawada Robotics(2013, Tokyo)

Develops humanoid robots for substituting manual labour

ATM Automation(1972, Leicester)

Developers of automation and robotics

Baumann Automation(1983, Amberg)

Develops automation solution for industrial usage

CAMotion(1996, Atlanta)

Manufacturer of robots (cranes) with motion control and automation equipment

ARC Specialities(1983, Houston)

Developer of PLCs, CNC controllers and 6-axis robots

Duhan Robotics(2011, Faridabad)

Manufacturers and suppliers of robotics and automation solutions.

Titan Robotics(2014, Pittsburgh)

Robotic platform for automation of manufacturing operationsInnovation Works

Symbio Robotics(2014, Berkeley)

Robotic systems for manufacturing needs

Logistics << Go to BM List >> Military

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.88

Manufacturing (3/21)Company Overview Business Model Total Funding

Core Robotics(2008, Glasgow)

Design multi-axis CAD CAM milling, material handling & processing equipment

Linyee Robotics(2015, Shanghai)

Industrial robots and service robots

Inventrom(2011, Panjim)

Robotics R&D and manufacturing for industrial applications

Blastman Robotics(1997, Oulu)

Robotic blast cleaning solutionProfita Group Cleaning

Mimic RoboticsCartesian robots with more than 3 Degrees of Freedom

Material Handling

BlueWorkforce(2012, Frederikshavn)

Develops a modular delta robot platformMaterial Handling

Asyril(2007, Villaz-saint-pierre)

Developers of industrial feeding systems and delta robotMaterial Handling

Penta Robotics(2011, Vreeland)

Developer of robotic solutions for pick and place operationsMaterial Handling

Logistics << Go to BM List >> Military

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Manufacturing (4/21)

Logistics << Go to BM List >> Military

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Manufacturing (5/21)

Logistics << Go to BM List >> Military

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Manufacturing (6/21)

Logistics << Go to BM List >> Military

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Manufacturing (7/21)

Logistics << Go to BM List >> Military

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Manufacturing (8/21)

Logistics << Go to BM List >> Military

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Manufacturing (9/21)

Logistics << Go to BM List >> Military

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Manufacturing (10/21)

Logistics << Go to BM List >> Military

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Manufacturing (11/21)

Logistics << Go to BM List >> Military

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Manufacturing (12/21)

Logistics << Go to BM List >> Military

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Manufacturing (13/21)

Logistics << Go to BM List >> Military

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Manufacturing (14/21)

Logistics << Go to BM List >> Military

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Manufacturing (15/21)

Logistics << Go to BM List >> Military

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Manufacturing (16/21)

Logistics << Go to BM List >> Military

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Manufacturing (17/21)

Logistics << Go to BM List >> Military

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Manufacturing (18/21)

Logistics << Go to BM List >> Military

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Manufacturing (19/21)

Logistics << Go to BM List >> Military

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Manufacturing (20/21)

Logistics << Go to BM List >> Military

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Manufacturing (21/21)

Logistics << Go to BM List >> Military

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Military (1/7)Company Overview Business Model Total Funding

Legion Robotics(2014, Gilbert)

Stealth mode defense robotics company

Duke Robotic Systems(2014, Tirat Karmel)

Robotic stabilization platform with defense applications

Roboteam(2009, Tel Aviv)

Unmanned Ground Vehicles development and manufacturingGenerali, Crossroads Capital, F&H Fund Management Unmanned Vehicle Systems $62M

Sarcos(2015, Salt Lake City)

Developers of dexterous robotic systems for use in unstructured environmentsMicrosoft, Caterpillar, Schlumberger, Cottonwood Technology Fund, GE Ventures

Unmanned Vehicle Systems $26.13M

RoboteX(2007, Sunnyvale)

Robots for military and law enforcementSubtraction Capital Unmanned Vehicle Systems $25.09M

IntroBot(2009, Palmela)

Robotic platform for reconnaissance missionsUnmanned Vehicle Systems $578K

ReconRobotics(2006, Edina)

Tactical micro-robot systemsUnmanned Vehicle Systems $353k

Targamite(2013, Fort Wayne)

Robotic programmable target systemElevate Ventures, Indiana Angel Network Unmanned Vehicle Systems $325K

Manufacturing << Go to BM List >> Maritime

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Military (2/7)Company Overview Business Model Total Funding

Black-I Robotics(2006, Tyngsboro)

UGVs and rescue botsUnmanned Vehicle Systems $168k

Automotive Robotic Industry(2010, Nazareth)

Develops UGV platform for defense forcesCompass Ventures General Group Ltd. Unmanned Vehicle Systems

Robowatch Technologies(2007, Berlin)

Develops mobile security robots for defense departmentUnmanned Vehicle Systems

Rotoconcept(2009, Mississauga)

Developer of tactical robot platform and video accessoriesUnmanned Vehicle Systems

Inrobtech(2005, Yavne)

Developed of unmanned ground vehicles for defense sectorUnmanned Vehicle Systems

Drona Dynamics(2014, Delhi)

Technology products in robotics and renewable energy.Unmanned Vehicle Systems

innoBots(2011, Ramla)

Developers of unmanned robotic platformsUnmanned Vehicle Systems

Marathon Targets(2010, Sydney)

Develops robotic targets for live-fire trainingUnmanned Vehicle Systems

Manufacturing << Go to BM List >> Maritime

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Military (3/7)Company Overview Business Model Total Funding

DoDaam(2000, Daejeon)

Developer of intelligent systems for defense and military fieldsUnmanned Vehicle Systems

Servosila(2015)

Mobile robotic solutions with industrial applicationsUnmanned Vehicle Systems

Collineo(2002, Boucherville)

Mobile robotics platform with defense applicationsUnmanned Vehicle Systems

Frontline Robotics(2001, Nepean)

Robots for security and defense applicationsUnmanned Vehicle Systems

TecDron(2013, La Rochelle)

Robotics for use in defenseUnmanned Vehicle Systems

General Robotics(2011, Van Nuys)

Develops a vehicle underbody surveillance robotUnmanned Vehicle Systems

General Robotics(2009, Shoham)

UGV robots for militarySingulariteam Unmanned Vehicle Systems

Robosoft(2010, Bidart)

Developers of service robots and military UGVsUnmanned Vehicle Systems

Manufacturing << Go to BM List >> Maritime

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Military (4/7)

Manufacturing << Go to BM List >> Maritime

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Military (5/7)

Manufacturing << Go to BM List >> Maritime

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Military (6/7)

Manufacturing << Go to BM List >> Maritime

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Military (7/7)

Manufacturing << Go to BM List >> Maritime

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Maritime (1/11)Company Overview Business Model Total Funding

Riptide Autonomous Solutions(2015, Boston)

Unmanned Maritime Vehicle production$333k

Stechoq(2015, Yogyakarta)

Industrial and Military Robotics Design and Manufacture

Chariot Robotics Portugal(2008, Setubal)

Robotic device to clean the exterior of ships and storage tanks

SeaRobotics Inc.(1999, Stuart)

Manufactures both unmanned surface and underwater vehicles

omnipresenttech(2010, Delhi)

Industrial robots and smart electronic devices

Blue Robotics(2014, Torrance)

Technology provider for marine robotics

OpenROV(2010, Berkeley)

Open-source underwater robotTrue Ventures, SK Ventures

Automated Underwater Vehicles

$1.3M

Exocetus Autonomous Systems

(2016, Wallingford)

Develops a marine underwater robot for research and explorationAutomated Underwater Vehicles

Military << Go to BM List >> Multi-Industry

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Maritime (2/11)Company Overview Business Model Total Funding

Deepfar Ocean Technology Co.

(2013, Tianjin)

Performs R&D and develops underwater robotsAutomated Underwater Vehicles

Fifish(2016, Guangzhou)

Unmanned underwater robotAngels Camp

Automated Underwater Vehicles

Hollund Industrial(2007, Blaine)

Underwater remote manipulator systemAutomated Underwater Vehicles

Ciscrea(2007, Toulon)

Develops ROVs and assorted componentsAutomated Underwater Vehicles

Subsea Tech(2005, Marseille)

Develops ROVs for underwater inspectionAutomated Underwater Vehicles

ROV Marine(2012, Scottsdale)

Develops unmanned surface vehicles and enabling technologiesAutomated Underwater Vehicles

Seahorse LIVE(2016, Andover)

Develops underwater robots and platform for control of the robotsAutomated Underwater Vehicles

Juice Robotics(2013, Cranston)

Designs and manufactures underwater unmanned vehiclesAutomated Underwater Vehicles

Military << Go to BM List >> Multi-Industry

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Maritime (3/11)Company Overview Business Model Total Funding

Keelcrab(2012, Como)

Develops underwater robots for boat hull cleaning Automated Underwater Vehicles

Balt Robotics(2014, Siedlce)

Design and development of AUVs for ocean explorationAutomated Underwater Vehicles

ROVEEE(2007, Cavite City)

Manufacturer of ROV - Remotely Operated Underwater VehicleAutomated Underwater Vehicles

CC ROV(2015, Shenzhen)

Develops underwater drone for 4K filmingAutomated Underwater Vehicles

VideoRay(1999, Pottstown)

Developers of MicroROV for inspections and other industrial operationsAutomated Underwater Vehicles

AC-CESS(2004, Aberdeen)

Developer of ROVs for remote visual inspectionAutomated Underwater Vehicles

AUS-ROV(2012, Currumbin)

Develops ROVs for visual underwater inspection and surveyAutomated Underwater Vehicles

Aquabotix(2011, Fall River)

Manufactures ROV & underwater cameras and develops smart technology applications for ROV

Automated Underwater Vehicles

Military << Go to BM List >> Multi-Industry

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Maritime (4/11)

Military << Go to BM List >> Multi-Industry

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Maritime (5/11)

Military << Go to BM List >> Multi-Industry

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Maritime (6/11)

Military << Go to BM List >> Multi-Industry

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Maritime (7/11)

Military << Go to BM List >> Multi-Industry

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Maritime (8/11)

Military << Go to BM List >> Multi-Industry

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Maritime (9/11)

Military << Go to BM List >> Multi-Industry

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Maritime (10/11)

Military << Go to BM List >> Multi-Industry

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Maritime (11/11)

Military << Go to BM List >> Multi-Industry

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Multi-Industry (1/9)Company Overview Business Model Total Funding

Introsys(2002, Palmela)

Unmanned robotics platforms and robotics service provider Multipurpose Robotic Platforms

Vishwa Robotics(, Boston)

Robotics R&D company developing robotic productsMultipurpose Robotic Platforms

Pitom(2011, Pisa)

Develops robotic offerings and hardware componentsMultipurpose Robotic Platforms

Willow Garage(2006, Menlo Park)

Develops robotic platforms for experimentationMultipurpose Robotic Platforms

PlusOne Robotics(2015, San Antonio)

Stealth mode company developing novel robotic applicationsMultipurpose Robotic Platforms

HOPE Technik(2006, Singapore)

Developer of unmanned vehicle systems and roboticsSingtel Innov8, Heliconia Capital

Multipurpose Robotic Platforms

FAST Robot AG(1998, Altendorf)

Robot for laying optical fibre cables in underground sewer networksMultipurpose Robotic Platforms

A&K Robotics(2015, Vancouver)

Mobile robotic platform for light industrial workMultipurpose Robotic Platforms

Maritime << Go to BM List >> Tech Enablers

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Multi-Industry (2/9)Company Overview Business Model Total Funding

Neural Ideas(2012, San Diego)

Modular robot that can take various shapes Multipurpose Robotic Platforms

Gridbots (2007, Ahmedabad)

Manufacturer of robotic technologies for consumer and industrial purposes

Multipurpose Robotic Platforms

4Front Robotics(2012, Calgary)

Developer of Unmanned Vehicle Systems(UVS)Multipurpose Robotic Platforms

Clearpath Robotics(2008, Kitchener)

Unmanned vehicle systems with multiple applicationsSilicon Valley Bank, RRE Ventures, Inovia Capital, BDC Capital, Keiretsu Forum, Canrock Ventures, Caterpillar, GTAN, GE Ventures, Eclipse VC

Multipurpose Robotic Platforms > Unmanned Ground Vehicles

$41.76M

HiBot(2004, Tokyo)

Robotic Solutions for Extreme EnvironmentsDraper Nexus, Mitsubishi UFJ Capital

Multipurpose Robotic Platforms > Unmanned Ground Vehicles

$16.8M

SP Robotic Works(2012, Chennai)

Technology company providing robotics products & servicesIndian Angel Network, The Chennai Angels

Multipurpose Robotic Platforms > Unmanned Ground Vehicles

$300k

REDI Technology(2013, Delhi)

Developing autonomous unmanned robots Multipurpose Robotic Platforms > Unmanned Ground Vehicles

Land Systems Corp(2013, Los Angeles)

Manufacturer of unmanned ground vehicles for infrastructure defense Multipurpose Robotic Platforms > Unmanned Ground Vehicles

Maritime << Go to BM List >> Tech Enablers

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Multi-Industry (3/9)Company Overview Business Model Total Funding

CITIC HIC Kaicheng Intelligence Equipment

(1991, Hebei)

Develops tracked robotic platforms for varied applications Multipurpose Robotic Platforms > Unmanned Ground Vehicles

Anybotics(2016, Zurich)

Develops technology and products in multi-legged robots domain Multipurpose Robotic Platforms > Unmanned Ground Vehicles

Ghost Robotics(2015, Philadelphia)

Develops multi-legged robot platform Multipurpose Robotic Platforms > Unmanned Ground Vehicles

Innok Robotics(Regensburg)

Develops UGV platform for assistance Multipurpose Robotic Platforms > Unmanned Ground Vehicles

IKAP Robotics(2011, Tehran)

Develops service robots and modular UGVs Multipurpose Robotic Platforms > Unmanned Ground Vehicles

Intelligent Marking(2013, Hjorring)

Robot for creating marking on Sports grounds Multipurpose Robotic Platforms > Unmanned Ground Vehicles

Generic Intelligent Machines(2014, Espoo)

Develops robots and enabling technologies Multipurpose Robotic Platforms > Unmanned Ground Vehicles

Aquajet(1988, Holsbybrunn)

Develops remotely controlled hydro-demolition robots Multipurpose Robotic Platforms > Unmanned Ground Vehicles

Maritime << Go to BM List >> Tech Enablers

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Multi-Industry (4/9)

Maritime << Go to BM List >> Tech Enablers

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Multi-Industry (5/9)

Maritime << Go to BM List >> Tech Enablers

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Multi-Industry (6/9)

Maritime << Go to BM List >> Tech Enablers

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Multi-Industry (7/9)

Maritime << Go to BM List >> Tech Enablers

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Multi-Industry (8/9)

Maritime << Go to BM List >> Tech Enablers

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Multi-Industry (9/9)

Maritime << Go to BM List >> Tech Enablers

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Tech Enablers (1/17)Company Overview Business Model Total Funding

Redtree Robotics(2012, Waterloo)

Computer platform for embedding in robotsReal Ventures, FounderFuel $350K

Telefactor Robotics(2013, Conshohocken)

Develops solutions for robots, tele-presence devices and human machine interfacesBen Franklin Technology Partners

$230K

KB-Avrora(2010, Ryazan)

R&D to develop autopilot systems and roboticsSkolkovo Foundation $100K

Agro Intelligence Aps(2015, Aarhus)

Develops technology for autonomous agricultural machines$16.36k

ISRA Vision(1985, Darmstadt)

Robotic vision and surface vision sensorsIBB Beteiligungsgesellschaft, Taaleri

ALCI(2007, Montpellier)

R&D into Robotic visionicsOrkos Capital

SynTouch(2008, Los Angeles)

Tactile sensor for various robotics platformsPlug and Play Tech Center

Visio Nerf3D Vision sensors for robotics

Multi-Industry << Go to BM List >> Agriculture

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Tech Enablers (2/17)Company Overview Business Model Total Funding

ATI Industrial Automation(1989, Apex)

Makers of robotic end effectors

Hine Automation(2009, Petersburg)

Develops robotic components

Cytron Technologies(2004, Simpang Empat)

Robotics and accessories manufacturer

Roboteq(2002, Scottsdale)

Makers of DC motor controllers and magnetic guide sensors

Jaybridge(2008, Cambridge)

Develops vehicle automation segment for heavy equipment

Holomni(2010, Los Angeles)

Omnidirectional robotic wheels

Simplex Motion(2013, Gothenburg)

Integrated motor drive solutionChalmers Ventures Actuators $154.3k

American Grippers(1997, Trumbull)

Develops pneumatic actuators and grippers for industrial robotsActuators

Multi-Industry << Go to BM List >> Agriculture

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Tech Enablers (3/17)Company Overview Business Model Total Funding

Macron Dynamics(1987, Philadelphia)

Develops actuators and drives for building robots and enabling industrial automation Actuators

Nuri Robot(2015, Seoul)

Developer of actuators for robotsActuators

Omniroll(2013, Interlaken)

Develops mecanum wheels for mobile platformsActuators

Omni Robot(2015, Dongguan)

Develops omni-directional wheels for developing roboticsActuators

Gimatic(1985, Roncadelle)

Developer of grippers and End-of-arm tooling for robotsXenon Private Equity Actuators

Robotools(1994, Turin)

Develops end-effectors for industrial robotsActuators

Hebi Robotics(2014, Pittsburgh)

Developers of smart actuators for integration into robotsInnovation Works Actuators

Harmonic Drive(2002, Peabody)

Developer of actuators and servos exclusively for use in robotsActuators

Multi-Industry << Go to BM List >> Agriculture

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Tech Enablers (4/17)

Multi-Industry << Go to BM List >> Agriculture

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Tech Enablers (5/17)

Multi-Industry << Go to BM List >> Agriculture

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Tech Enablers (6/17)

Multi-Industry << Go to BM List >> Agriculture

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Tech Enablers (7/17)

Multi-Industry << Go to BM List >> Agriculture

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Tech Enablers (8/17)

Multi-Industry << Go to BM List >> Agriculture

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Tech Enablers (9/17)

Multi-Industry << Go to BM List >> Agriculture

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Tech Enablers (10/17)

Multi-Industry << Go to BM List >> Agriculture

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Tech Enablers (11/17)

Multi-Industry << Go to BM List >> Agriculture

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Tech Enablers (12/17)

Multi-Industry << Go to BM List >> Agriculture

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.146

Tech Enablers (13/17)

Multi-Industry << Go to BM List >> Agriculture

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Tech Enablers (14/17)

Multi-Industry << Go to BM List >> Agriculture

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.148

Tech Enablers (15/17)

Multi-Industry << Go to BM List >> Agriculture

Industrial Robotics Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.149

Tech Enablers (16/17)

Multi-Industry << Go to BM List >> Agriculture

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Tech Enablers (17/17)

Multi-Industry << Go to BM List >> Agriculture

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Agriculture (1/4)Company Overview Business Model Total Funding

Blue River Technology(2011, Sunnyvale)

Computer vision and robotics for agriculureKhosla Ventures, Steve Blank, Innovation Endeavors, Data Collective, Ulu Ventures, ATEL Capital Group, Stanford Angels and Entrepreneurs, Pontifax Agtech

$30.1M

Harvest Automation(2007, Billerica)

Robot for automating labor intensive agricultural tasksFounder Collective, Entree Capital, MassVentures, Massachusetts Technology Development Corporation, Life Sciences Partners, CultivianVentures, Cultivian Sandbox

$27.9M

Naio Technologies(2011, Ramonville-saint-agne)

Robots to automate on-field operationsEmertec Gestion, WiSEED, CapAgro $3.2M

QualySense(2010, Dubendorf)

Robots for sorting agricultural products$2.9M

Hortimotion(2012, Delft)

Automated crop spraying robot for pest control

VitiRover Robots(2010, Saint-emilion)

Grass-cutting autonomous solar powered robots for vineyards

Green Robot Machinery(2014, Bangalore)

Robotic machine for picking cottonQualcomm, Villgro Innovations Foundation

Tech Enablers << Go to BM List >>Infrastructure

Services

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Agriculture (2/4)Company Overview Business Model Total Funding

Iota Technologies(2015, Victoria)

Developers of a tree planting robot

Vision Weeding(2006, Kirke Hvalso)

Products for autonomous farm operations

Virentes(2014)

Developer of robotic plant grafting machineThe Trendlines Group

FarmBot(2015, Vancouver)

Autonomous farm operations system

Evergreen Robotics(2012, Port Jefferson)

Robotic solution for fruit picking in orchards

Robotany(2016, Pittsburgh)

Solutions for automating vertical farming

Fennec Fox Tech(2012, Pune)

Develops a coconut plucking robot

Franklin Robotics(2015, Lowell)

Robotics for automating agricultural activities

Tech Enablers << Go to BM List >>Infrastructure

Services

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Agriculture (3/4)

Tech Enablers << Go to BM List >>Infrastructure

Services

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Agriculture (4/4)

Tech Enablers << Go to BM List >>Infrastructure

Services

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Infrastructure Services (1/5)Company Overview Business Model Total Funding

RedZone(1987, Pittsburgh)

Wastewater inspection technology providerInnovation Works, ABS Capital Partners, Smithfield Trust Company, Four Winds Capital, Meidlinger Partners

Asset Inspection $52M

RailPod(2014, Boston)

Robotic rail track inspection systemAsset Inspection $2.5M

Lab.E Robotics(2015, Kladno)

Develops robotic crawler and assorted sensors for pipe explorationAsset Inspection

SewerVUE(2009, Burnaby)

Develops robots and provides robotic pipe inspection servicesAsset Inspection

itRobotics(2000, Houston)

Develop Inspection robots for pipes and tubingAsset Inspection

Cyberia Robotics(1996, Montpellier)

Develops robots for remote asset inspectionAsset Inspection

Robotics Design(1997, Montreal)

Develops modular robotic technology for duct inspectionAsset Inspection

Aegion Coating Services(2016, Conroe)

Manufactures robots and uses them to provide robotic infrastructure protection services Asset Inspection

Agriculture << Go to BM List >> Service Robots

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Infrastructure Services (2/5)Company Overview Business Model Total Funding

Robotic Pipe Repair(2014, Longmont)

Develops robotic pipe rehabilitation equipmentAsset Inspection

Visatec(1994, Sulzberg)

Developers of automated crawlers, ROVs and assorted accessories for inspection Asset Inspection

Image Inspect(1986, Calgary)

Crawlers and equipment for remote image inspectionAsset Inspection

Recce Robotics(2013, Nanaimo)

Developer of tracked robots for inspection of sewersAsset Inspection

RIEZLER Inspektionssysteme(1976, Durach)

Robots for inspection in pipelinesAsset Inspection

Inspector Systems(, Frankfurt)

Robots for video inspection of pipelinesAsset Inspection

Envirosight(2001, Randolph)

Robotic crawlers for pipeline inspectionAsset Inspection

IMS Robotics(1992, Ottendorf-okrilla)

Robots that are used for sewer rehabilitationAsset Inspection

Agriculture << Go to BM List >> Service Robots

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Infrastructure Services (3/5)Company Overview Business Model Total Funding

IBAK(1945, Kiel)

Robots for inspection and maintenance of sewersAsset Inspection

RestoFlow(2014, Singapore)

Robotic centering and rehabilitation of pipelinesAsset Inspection

RapidView(1991, Fort Wayne)

Inspection robots for pipelinesAsset Inspection

Inuktun(1989, Nanaimo)

Remotely operated robotic crawlers for inspectionAsset Inspection

ProKASRO(2000, Karlsruhe)

Robots that clean the sewer systems and work inside pipesAsset Inspection

Invert Robotics(2010, Christchurch)

Robotic remote inspection technologyNZVIF, Powerhouse Ventures Asset Inspection

Robosoft Systems(2008, Mumbai)

Develops educational and inspection robotsAsset Inspection

Q-Bot(2012, London)

Develops robots that perform insulation below houses with timber floorsClearlySo, EcoMachines Ventures, European Commission

Construction $2.85M

Agriculture << Go to BM List >> Service Robots

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Infrastructure Services (4/5)

Agriculture << Go to BM List >> Service Robots

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Infrastructure Services (5/5)

Agriculture << Go to BM List >> Service Robots

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Service Robots (1/7)Company Overview Business Model Total Funding

Inka Robotics(2014, Haifa)

Developed a robotic tattoo artist

Precise Path Robotics(2006, Indianapolis)

Robotic lawn mowerCommercial Cleaning & Mowing

$4.5M

Avidbots(2014, Kitchener)

Commercial cleaning robotsReal Ventures, SOSV, HAX

Commercial Cleaning & Mowing

$25k

EDAS(2011, Taipei)

Wet-cleaning robot for glass facadesCommercial Cleaning & Mowing

Cub Cadet(1961, Snohomish)

Develops autonomous lawn mowers for golf coursesCommercial Cleaning & Mowing

Partnering Robotics(2007, Paris)

Develops robots for cleaning of indoor airCommercial Cleaning & Mowing

Aquatron(1980, Afula)

Develops automated pool cleaning robotsCommercial Cleaning & Mowing

Selftech(2008, Amora)

Develops an autonomous lawn mower for golf coursesCommercial Cleaning & Mowing

Infrastructure

Services << Go to BM List >>

Energy,

Environment &

Recycling

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Service Robots (2/7)Company Overview Business Model Total Funding

IBC Robotics(2010, Eskilstuna)

Develops robot for cleaning shipping containers Commercial Cleaning & Mowing

Fybots(2010, Guyancourt)

Cleaning robots for industrial sitesCommercial Cleaning & Mowing

CoboClean(2015, Lyon)

Automated cleaning robot called Mall-ECommercial Cleaning & Mowing

Combijet(2012, Limassol)

Develops robots for industrial cleaning needsCommercial Cleaning & Mowing

Bharati Robotic Systems India(2013, Pune)

Developers of Commercial robotsCommercial Cleaning & Mowing

Weda Poolcleaner(1919, Sodertalje)

Robotic pool cleaners for commercial establishmentsCommercial Cleaning & Mowing

Intellibot Robotics(1985, Richmond)

Hands free floor cleaning solutionsCommercial Cleaning & Mowing

Savioke(2013, Sunnyvale)

Delivery robot for the hospitality services industryAME Cloud Ventures, Felicis Ventures, Intel Capital, GV, EDBI, MoradoVentures, Northern Light Venture Capital, Recruit Holdings, Moment Ventures, Visionnaire Ventures, PreAngel Fund

Hospitality $17.6M

Infrastructure

Services << Go to BM List >>

Energy,

Environment &

Recycling

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Service Robots (3/7)Company Overview Business Model Total Funding

Solus Robots(2004, Vaughan)

Develops service robots for marketing and advertising purposesHospitality

Pangolin Robot(2004, Kunshan)

Develops humanoid service robots for the hospitality sectorHospitality

YOGO Robot(2016, Shanghai)

Service robot manufacturerIDG Capital Partners Hospitality

Yunji Technology(2014, Chaoyang)

Develops mobile robots for commercial applicationsHospitality

JH Robot(2012, Zhengzhou)

Develops humanoid service robotsHospitality

Slamtec(2013, Shanghai)

Builds robotics platform and a 2D-LiDAR scannerHospitality

Robotech(2004, Pisa)

Develops service robots with multiple applicationsHospitality

Engineered Arts(2004, Truro)

Develops humanoid robotsLloyds Bank Hospitality

Infrastructure

Services << Go to BM List >>

Energy,

Environment &

Recycling

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Service Robots (4/7)

Infrastructure

Services << Go to BM List >>

Energy,

Environment &

Recycling

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Service Robots (5/7)

Infrastructure

Services << Go to BM List >>

Energy,

Environment &

Recycling

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Service Robots (6/7)

Infrastructure

Services << Go to BM List >>

Energy,

Environment &

Recycling

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Service Robots (7/7)

Infrastructure

Services << Go to BM List >>

Energy,

Environment &

Recycling

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Energy, Environment & Recycling (1/3)Company Overview Business Model Total Funding

QBotix(2010, Menlo Park)

Autonomous and rugged robot for solar power plants operationNEA, Draper Fisher Jurvetson, Siemens Venture Capital, Draper Nexus, E.on, Firelake Capital, Iberdrola

$23.5M

ZenRobotics(2007, Helsinki)

Robots for the recycling industryLifeline Ventures, Invus $17M

Scrobby Robotics(2013, Groningen)

Developer of solar panel cleaning robot

Alion Energy(2008, Richmond)

Robotic installation and cleaning for solar energy installationsBright Capital

Snake Robots(1999, Los Altos)

Company involved in R&D and development of flexible robots

Solar Farm Cleaning(2011, Budapest)

Developers of autonomous Solar PV cleaning robots

Robigo(2015, Sofia)

Developed a robot for autonomous solar cleaning

Sun Effect(2011, Bet Shemesh)

Robotic device for solar panel cleaning.

Service Robots << Go to BM List >> Space

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Energy, Environment & Recycling (2/3)

Service Robots << Go to BM List >> Space

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Energy, Environment & Recycling (3/3)

Service Robots << Go to BM List >> Space

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SpaceCompany Overview Business Model Total Funding

Moon Express(2010, Mountain View)

Lunar transportation and mining servicesFounders Fund, Autodesk, SpaceFlorida, XPRIZE $28.68M

Axiom Research Labs(2010, Bangalore)

Developing and building space rovers$3M

Astrobotic(2008, Pittsburgh)

Space robotics techSpace Angels Network, XPRIZE $2.65M

ispace(2013, Tokyo)

Developing micro-robots locate the resources necessary to extend human life into outer space

Altius Space Machines(2010, Broomfield)

Hardware based capture of satellitesSpace Angels Network

Energy,

Environment &

Recycling

<< Go to BM List >> Electronics

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Electronics (1/2)Company Overview Business Model Total Funding

OptoFidelity(2005, Tampere)

Test and measurement automation and machine visionFinnish Industry Investment, VisionPlus Fund $4.02M

Tapster Robotics(2015, Chicago)

Robot based automated testing of apps on real devicesO'Reilly AlphaTech Ventures $100k

JEL Robot(1993, Yamato)

Develops multi-arm clean room and vacuum robots for semiconductor fabrication

Advanced Coating Robotics(2009, Barnsley)

Develops a conformal coating machine for use in PCB production

PKC Electronics(1986, Raahe)

Solutions for automated testing and power control

JOT Automation(1988, Oulu)

Automated test and assembly solutions for smart products.

Qualitas Technologies(2008, Bangalore)

Industrial automation solutions with expertise in machine learningSouthern Capital Group

Tactile Automation(2014, Monroe)

Automated test solution for manufacturing and production

Space << Go to BM List >> Textile

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Electronics (2/2)

Space << Go to BM List >> Textile

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Textile Company Overview Business Model Total Funding

SoftWear Automation(2014, Atlanta)

Robotic sewing machineSRI Capital, CTW Venture Partners, Ellis Capital, Georgia Tech VentureLab

$3M

Sewbo(2014, Seattle)

Develops a robotic offering for garment manufacturers

Electronics << Go to BM List >>Media &

Entertainment

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Media & Entertainment (1/2)Company Overview Business Model Total Funding

Mo-Sys Engineering(2012, London)

Develops robotic camera motion and control systems for the media industry

Electric Friends(2013, Oslo)

Develops robots and controlling software for media industry

AR+(2012, Bretagne)

Develops ARCAM System for robotic camera control

Eclipse Rover(2014, Kalispell)

UGVs for video capture

Motorized Precision(2015, Portland)

Develops robotic camera for professional video capture

Mark Roberts Motion Control(1966, Farnborough)

Develops high-speed motion camera robot

Blackcam(2012, Berlin)

Remotely controlled robot camera on tracks

Camerobot(2011, Bayreuth)

Developer of precision robotic technology for broadcast studios

Textile << Go to BM List

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Media & Entertainment (2/2)

Textile << Go to BM List

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Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Team

176

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Team

Kartick M

Lead Analyst – Technology

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