Credit: Handout Over the past six years, the US and China have dominated 75% of the total venture capital investment in the robotics funding sector, allowing for a fast-paced business, according to a report by research firm GlobalData.
GlobalData’s research, “US, China dominate global robotics VC landscape with around 75% share of investments raised during 2018-2024″ discuses the scale of the robotic investment funds into US and Chinese robotics startups between 2018 to 2024.
The wave of heavy investments into robotics highlights how the powerhouses are “emerging as dominant forces” and “reinforcing their leadership in driving innovation, attracting investor interest, and shaping the future of automation and intelligent systems”, according to the London-based firm, GlobalData.
During that period, venture capital investment in robotics startup funding amounted to $100.9 billion, with the US accounting for $49.9 billion and China capturing $24.4 billion.
Although the pandemic caused a slowdown, nearly 6,000 venture capital deals in the robotic investment funds were announced globally over six years, with over 2,000 targeted US startups, while 1,532 involved Chinese firms.
China has invested heavily in robotics funding over the past decade, where the bulk of venture capital, as part of its efforts to upgrade its massive manufacturing base. Robotics is one of ten strategic emerging technologies included in Beijing’s “Made in China 2025” strategy, with industrial automation seen as a solution to counter the long-term effect of the country’s plunging birth rate.
What About US Chinese Political Tensions?
Despite political tensions, the US and China share common ground in dominating robotics funding, with both investing billions in automation and intelligent systems – a common interest – driving technologies that endorse economic growth and global competitiveness.
The mutual commitment to diligent robotics funding opens a rare channel for collaborative research and control, on different levels, even amid geopolitical tension.
Through a common interest in technological development, especially in a field with global impact like built robotics funding, there is potential to calm down tensions and build communication. Shared interests in creating more productive, automated bases of manufacturing might not be able to end political disputes but could create some ground for other means of communication and cooperation.
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