Top 10 Robotics and Automation Transactions in Q1 2021

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6. Momenta obtains $500M in Series C funding

On March 29, Momenta announced that SAIC Motor, Toyota, Daimler, and Bosch led its latest financing round. The Suzhou, China-based company claimed that its “flywheel” approach to data, algorithms, and closed-loop automation is helping it to build a “brain” and accelerating development for Level 4 autonomous vehicles. The Momenta GO robotaxi began pilot operations last year, and the company said it expects the first consumer cars with Mpilot to be mass-produced as early as this year. Momenta predicted that its robotaxi will be deployed in large scale and operate profitably and operate profitably by 2024.

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1. 10. WeRide raises $310M for autonomous vehicles

2. 9. AI processor provider Horizon Robotics finds $400M

3. 8. Berkshire Grey enters $413M SPAC merger

4. 7. Plus gets $420M for autonomous trucks

5. 6. Momenta obtains $500M in Series C funding

6. 5. Nuro receives $500M in Series C funding for delivery robo…

7. 4. VELO3D to undertake $500M SPAC merger

8. 3. Cruise gets $1B in equity funding from Microsoft, others

9. 2. 3D printing firm Markforged in $2.1B SPAC merger

10. 1. Teledyne acquires FLIR Systems for $8B

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