Warehouse Robotics Investment Increases 57% In 2020

Warehouse Robotics Investment Increases 57% In 2020

Warehouse robotics and automation are the current trend for large scale warehouse operations. Minimizing overhead, improving efficiency and speed are all attractive aspects of warehouse automation. Amazon recently invested in a 200,000 sqm automated in Sydney

In the first quarter of 2020, despite a global economic slowdown due to the COVID-19 Pandemic, spending on robotics startups was $381 million USD. This is a 57% increase compared to the same period in 2019.

Although spending in warehouse and logistics robotics exploded during this period, it bucked the industry trend of a decrease in spending on logistics and warehouses in light of the COVID-19 Pandemic. There was a total of $1 Billion raised in venture capital for this period, compared to $1.4 Billion in 2019.

This shows there is confidence in the technology moving forward. In a post COVID-19 world, with social distancing measures in place and the “new normal” robotics can provide solutions to many problems.

In the past month, Third Wave Automation, a robotics startup in California, raised $15 million USD in venture capital funding. They are specialists in autonomous forklift truck technologies. SVT Robotics raised $3.5 million USD in seed investment for their company which aims at bringing software to simplify robotic deployments.

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