20 Thriving Robotics Companies & Startups (2024)
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The global robotics industry is projected to reach a combined revenue of over $70.6 billion in 2028.
Robotics companies have been increasingly introducing advanced robotics systems that utilize machine learning and artificial intelligence. Meanwhile, improved mechanics, dexterity, and industrial automation have helped the robotics ecosystem grow exponentially.
We’ve rounded up some of the best robotics startups to keep an eye on.
1. Dreame Technology
5-year search growth: 1,057%
Search growth status: Exploding
Year founded: 2015
Location: Suzhou, China
Funding: $578.1M (Series C)
What they do: Dreame is a Chinese smart home appliance and robotic vacuum cleaner startup. The company has 785+ filed patents, including 248 invention patents, for various technologies like monocular machine vision and multi-cone cyclone separation systems. Their products have been used in over 21 million households across 120 countries.
2. Anduril Industries
5-year search growth: 813%
Search growth status: Exploding
Year founded: 2017
Location: Irvine, CA
Funding: $3.7B (Series F)
What they do: As an autonomous aerospace robotics company, Anduril helps mitigate national security challenges for the US and its allies. With multiple software and hardware products, such as the Lattice Platform and Sentry Tower, the company offers a robotics solution for oversight, scanning, and command management. In August 2024, the company raised $1.5 billion in Series F funding at a valuation of $14 billion.
3. Robust AI
5-year search growth: 922%
Search growth status: Exploding
Year founded: 2019
Location: San Carlos, CA
Funding: $42.5M (Series A)
What they do: Robust AI is a robotics technology startup that helps reduce the time it takes to set up robotics systems. They use a cognitive engine, along with common sense AI to develop robot software more efficiently. This helps the robotic systems become more reliable and robust in unpredictable environments. Robust AI raised a $20 million Series A round in April 2023 to scale robot deliveries.
4. Voliro
5-year search growth: 1,000%
Search growth status: Regular
Year founded: 2019
Location: Zurich, Switzerland
Funding: $2.3M (Seed)
What they do: Improving how drones are utilized in construction, Voliro provides various advanced flying robots. Voliro’s unmanned flying robots can efficiently work at heights while protecting and maintaining site infrastructure. The company provides a robotics platform that is backed by various company-owned and third-party applications.
5. Shield AI
5-year search growth: 433%
Search growth status: Exploding
Year founded: 2015
Location: San Diego, California
Funding: $1.1B (Debt Financing)
What they do: Shield AI is an aerospace and defense company that specializes in developing AI-powered robotics for military applications. The company's flagship product, Hivemind, is pilot technology that allows for the autonomous operation of aircraft and drones without needing GPS. Some of their customers include the US Marine Corps, the US Navy, and the US Air Force.
6. United Robots
5-year search growth: 19%
Search growth status: Peaked
Year founded: 2016
Location: London, England
Funding: Undisclosed (Seed Round)
What they do: United Robots is a London-based tech startup developing autonomous industrial cleaning and cargo transporting robots for large enterprise buildings. This company has developed three primary products, including the UR\ Cleaner, UR\ UV-C Disinfectant, and UR\ Carrier. On a single charge, these robots can cover an area equivalent to two football fields on a single charge and are designed to work harmoniously with humans in real-time.
7. AMP Robotics
5-year search growth: 100%
Search growth status: Peaked
Year founded: 2015
Location: Louisville, CO
Funding: $175.1M (Series C)
What they do: AMP Robotics provides AI-powered powered robots to improve recycling operations. The robots use a smart vision system to identify waste material based on color, shape, opacity, and other parameters. This helps differentiate recyclable material from other waste. AMP Robotics deployed its first recycling robots in the UK and Ireland in September 2021 with the help of Recyco.
8. Simbe Robotics
5-year search growth: 26%
Search growth status: Exploding
Year founded: 2014
Location: San Francisco, CA
Funding: $54M (Series B)
What they do: Simbe Robotics is a robotics platform that automates repetitive tasks in the retail space. The company’s flagship product, Tally, is an autonomous power tool that uses advanced sensor systems to gather data and provide meaningful insights. Recently, St. Louis-based grocery giant Schnucks deployed Simbe Robotics’ technology across 111 stores.
9. Harvest Automation
5-year search growth: 1,100%
Search growth status: Peaked
Year founded: 2009
Location: Groton, MA
Funding: $33.6M (Debt Financing)
What they do: Harvest Automation is a robotics company that builds robots to solve material handling challenges in the agricultural industry. Specifically, their robots are used in nurseries, greenhouses, and for various e-commerce fulfillment applications. The company’s robots are designed to automate labor-intensive and physically demanding tasks with little need for human input.
10. Unbox Robotics
5-year search growth: 300%
Search growth status: Regular
Year founded: 2019
Location: Bangalore, India
Funding: $9.1M (Series A)
What they do: Unbox Robotics is a startup that develops autonomous mobile robots for warehouses and distribution centers. Their robots can navigate through dynamic environments and perform tasks such as picking, packing, and sorting. By using AI and computer vision, Unbox Robotics aims to improve efficiency and accuracy in the logistics industry.
11. HYPR
5-year search growth: 108%
Search growth status: Regular
Year founded: 2020
Location: San Francisco, California
Funding: Undisclosed (Seed)
What they do: As an AI robotics company, HYPR builds intelligent autonomous mobility robots that improve in-house efficiency. Their robots continuously learn as they go, building upon previous versions. Rather than replacing prior data, new data is adjusted to maximize productivity by learning about dynamic conditions.
12. Tailos
5-year search growth: 131%
Search growth status: Regular
Year founded: 2015
Location: Austin, Texas
Funding: Undisclosed (Series B)
What they do: Tailos, formerly known as Maidbot, provides commercial robot vacuums for hotels and residential buildings. Their flagship product, Rosie, is a robotic vacuum cleaner that utilizes AI technology to autonomously operate in complex indoor environments, such as hallways, guest rooms, and meeting spaces. Tailos products have cleaned more than 1.5 million square feet inside customer properties.
13. Rewst
5-year search growth: 99x+
Search growth status: Exploding
Year founded: 2020
Location: Tampa, Florida
Funding: $124M (Secondary Market)
What they do: Rewst offers Robotic Process Automation (RPA) solutions for Managed Service Providers (MSPs). The company's platform includes a robotic operations center, pre-built automations (Crates), and integrations with 40+ MSP tools. In August 2024, the startup raised $45 million after recently announcing 182% YoY growth in ARR.
14. FORT Robotics
5-year search growth: 18%
Search growth status: Regular
Year founded: 2017
Location: Philadelphia, Pennsylvania
Funding: $38M (Series B)
What they do: FORT Robotics company provides a safety and security platform for smart machines and autonomous systems. Smart machine operators can increase productivity and safety because of the platform's wireless emergency stopping and dynamic controls. Currently, FORT Robotics has 300+ customers, including many Fortune 500 industry leaders.
15. Vecna Robotics
5-year search growth: -30%
Search growth status: Peaked
Year founded: 2018
Location: Waltham, MA
Funding: $128.5M (Series C)
What they do: Vecna Robotics provides logistical automation and workflow optimization using autonomous mobile robots. Their robots learn and adapt in real-time to adjust to workplace changes and challenges. Self-driving vehicles require little to no human interaction and come with learning capabilities to consistently improve productivity over time. Vecna Robotics’ latest release earned them the title of the fastest autonomous mobile robots in the industry.
16. Energy Robotics
5-year search growth: 79%
Search growth status: Regular
Year founded: 2019
Location: Darmstadt, Germany
Funding: $4.9M (Grant)
What they do: As a “RaaS” company, Energy Robotics provides fleets or robots to improve inspection, cloud systems, and management. The robots are designed to offer predictive maintenance and smooth integration in operation management systems. With multiple onboard sensors, their robots work autonomously in all sorts of environments. Energy Robotics has worked closely with Boston Dynamics and Merck to launch a pilot program.
17. Rapid Robotics
5-year search growth: 2,000%
Search growth status: Regular
Year founded: 2019
Location: San Francisco, CA
Funding: $54.2M (Series B)
What they do: Rapid Robotics helps companies automate common machine operator tasks to solve labor shortages. They provide robotic arms that can automate tasks like heat staking, pad printing, and injection molding, among others. The robots are used by companies that are facing labor shortages and need 24/7 production. In August 2021, Rapid Robotics raised another $36.7M in Series B financing, led by Tiger Global and Kleiner Perkins.
18. ANYbotics
5-year search growth: 162%
Search growth status: Exploding
Year founded: 2016
Location: Zurich, Switzerland
Funding: $80M (Series B)
What they do: ANYbotics develops four-legged robots that help improve reliability in automated routine industrial inspections. They’re mostly used by companies that deal with hazardous work, materials, and infrastructure. ANYbotics recently upgraded their robots with Velodyne Lidar sensors, improving inspection capabilities.
19. Bedrock Ocean Exploration
5-year search growth: 113%
Search growth status: Regular
Year founded: 2020
Location: Brooklyn, NY
Funding: $33.5M (Series A)
What they do: Bedrock provides smart robots to map the ocean floor and collect and manage seafloor data. Their portable autonomous underwater vehicles (AUVs) provide high-resolution marine surveys, including hydrographic and geophysical surveys. A mix of survey services and a well-designed data platform allow the company to accurately collect seafloor data. In March 2021, Bedrock raised $8M in seed funding in a round led by Eniac Ventures, R7, Quiet Capital, and Primary Venture Partners.
20. Company Six
5-year search growth: 6%
Search growth status: Regular
Year founded: 2019
Location: Boulder, CO
Funding: $6.9M (Series Unknown)
What they do: A drone technology company, Company Six develops small reconnaissance drones that let users scout their surroundings. The portable robots are designed to cross most terrains, have unlimited range due to LTE capabilities, and have a powerful battery. They are designed for first responders and professionals working in high-risk environments.
Conclusion
That concludes our list of the top robotics startups with strong potential for growth in 2024 and beyond.
With an abundance of artificial intelligence companies and robotics companies, we’ll be seeing a lot more robotics startups. Most of them will target specific industries, such as the e-commerce and healthcare industries.
Meanwhile, there has been a steady improvement in industrial robots and unmanned autonomous mobility robots.
We’ll be seeing similar innovations in the robotics industry as new technologies and software are developed over the next decade.
