Top 10 Robotics Transactions of May 2021

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SPAC merger yields $435M for Bright Machines

Bright Machines Inc., which provides modular “microfactories” and “software-defined manufacturing,” announced in May 2021 that it will raise $435 million in a merger with special-purpose acquisition company (SPAC) SCVX. Such SPAC deals have been a trend lately, giving robotics startups a new source of capital. San Francisco-based Bright Machines said it hopes to revolutionize manufacturing and is also planning an IPO for later this year.

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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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