Why Billions Kept Pouring into Robotics and AI?

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The Street

By Ellen Chang VCs are funding more robotics companies as industries seek more automation. Venture capital firms are eager to allocate money into robotics firms in a wide range of industries from shipping to healthcare as more automation became a focus during the global pandemic. In 2021, funding globally for robotics and drone companies rose to $14.9 billion, according to PitchBook. The amount of funding raised for robotics in 2022 has been steady. By January, VCs allocated $560 million of funding into robotics startups, excluding the round for Wandelbots, a German industrial robotics company…

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