Robots are getting busier

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Hello reader,

The theme of today’s newsletter is robots.

Out of the five biggest deals this week, three are in the robotics space. Whether it’s medical robots or manufacturing ones, it’s clear that the idea of “embodied AI” – where we bring the tech into the physical world, not just the digital one – is getting a lot of attention.

There’s definitely a lot of opportunity for robots to make a difference, especially in jobs that are considered “dirty, dangerous, and demanding.” I’m pretty excited to see how much further we can take these robots, and what more we can do with them as new software and hardware solutions develop.

And if we can somehow build a robot that can clean my house, fold my laundry, and put away the dishes for me, that’d be perfect too.

You can find all other important investment deals from the last few days in our weekly funding news wrap-up.

Let’s dive into the biggest deals and M&As that have recently taken place.

— Stefanie

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The biggest deals by market

🇮🇳 Cred is a fintech company based in India. It has raised US$900 million in series H money from Meta Platforms (Facebook).

🇨🇳 Headquartered in China, DexForce develops 3D vision software and hardware products. It has bagged US$148 million in series B funding from Hengjian Holding, ICBC Asset Management, Lens Technology, Nanshan SEI Investment, Qianhai Fund of Funds, Shenzhen Capital Group, and Zhurui Capital.

🇰🇷 CarbonSix focuses on cutting-edge robotics automation for manufacturing. Based in South Korea, the firm has raised US$40 million in series A funding from Cortentia, DSC Investment, Foothill Ventures, IMM Investment, KDB Bank, LB Investment, SV Investment, Storm Ventures, Xquared, and Zeitgeist Capital.

🇦🇺 Sicona Battery Technologies, a battery materials tech and manufacturing company from Australia, has secured US$31 million in series A funding from the Australian Renewable Energy Agency.

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M&As

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Startup in the spotlight

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Behind the Glasswall

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