Israel was in the top 3 in the number of investments made worldwide in July 2018 in robotics and intelligent systems, ahead of Japan.
According to the Robot Report, robotics and intelligent systems received in July investments of $1.6 billion worldwide, in a total of from 34 investments. Most investments went to Chinese and US firms (respectively 11 and 10) followed by Israel (3) and Japan (2). However, in total amount invested, Israel arrives fourth with $68 million, behind USA, China and Singapore.
The three Israeli robotics and intelligent systems that received investments are:
Mantis Vision – $83 million
Based in Petah Tikva, the company specialises in 3D content capture and sharing tech. Mantis Vision raised $55M in July bringing its total funding to $83 million to date. Luenmei Quantum (China) and Samsung Catalyst Fund (USA/Korea) led the round. Mantis Vision’s technology can be used in a variety of applications including 3D cameras for smartphones, and 3D scanners. Amihai Loven and Gur Arie Bittan founded Mantis Vision founded in 2005.
Arbe Robotics – $10 million
The Tel Aviv startup raised $10 million in July, bringing the total funding to $23 million to date. European venture capital firm 360 Capital Partners led the round, followed by Canaan Partners Israel, iAngels, Maniv Mobility, OurCrowd, O.G. Tech Ventures, and Taya Ventures. Founded in 2015, Arbe Robotics is the world’s first company to demonstrate 4D high-resolution imaging radar.
OrthoSpin – $3 million
Founded in 2014, Misgav-based Orthopedics robotics company OrthoSpin raised $3 million in July from Johnson & Johnson Innovation for its smart, robotic external fixation system for orthopedic treatments. The company’s technology makes pre-programmed adjustments automatically and continuously, without the need for patient involvement, for a variety of orthopedic treatments.
For full report read July 2018 Robotics and Intelligent Systems Investments