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Top 10 Robotics Transactions of May 2021


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Plus enters SPAC merger to accelerate autonomous trucking

​Speaking of SPAC mergers and acquisitions, the biggest robotics-related deal of May 2021 was Plus’ announcement that it will be merging with Hennessy Capital Investment Corp. V. The autonomous trucking company, formerly known as Plus.ai, said it expects the merger to provide $500 million, making its value at that point around $3.3 billion. Plus has retrofitted existing vehicles with autonomous capabilities and plans to mass-produce self-driving trucks with partners as it aims for Level 4 autonomy by the end of 2024.

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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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