Top 10 Robotics Transactions of May 2021

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Innovusion to expand lidar R&D with Series B funding

​Sunnyvale, Calif.-based Innovusion Inc., which has been developing lidar sensors for autonomous vehicles and other applications, raised $64 million last month. The company claimed that its systems combine a wide viewing angle, a long detection range, and high-resolution perception, even in low-light conditions. Innovusion supplies its technology to Chinese self-driving company NIO.

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1. 4D radar provider Oculii obtains Series B funding

2. Path Robotics raises $56M for autonomous welding

3. Innovusion to expand lidar R&D with Series B funding

4. Drone pioneer American Robotics picked up for $70.6M

5. PuduTech to use Series C funds to develop more service robot…

6. Mech-Mind builds funding to more than $100M for machine visi…

7. Einride to use Series B to expand autonomous freight

8. 3D printing firm Formlabs doubles valuation to $2B

9. SPAC merger yields $435M for Bright Machines

10. Plus enters SPAC merger to accelerate autonomous trucking

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