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We are entering a golden age of robotics startups — and not just because of AI
The robotics startup market has matured over the last decade and the cost to produce robots has gone down significantly.
“These are teams that had just finished their postdocs at Waterloo, or CMU, or MIT, and were starting robotics companies, and the refrain that I continually heard from the startups was, ‘hey, we’re having a really hard time raising institutional venture capital,’” Winterroth told TechCrunch. The real catalyst for the industry to start gaining momentum actually happened back in 2013, Winterroth said, when Kiva Systems, a small startup based out of Massachusetts, got acquired by Amazon. Falling hardware costs have also driven investor interest in the sector, Saad said, noting that it’s cheaper to build robots today than five years ago.
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