According to a new Silicon Valley Bank report, entrepreneurs have invested more in robotics than all other sectors combined.
In the report entitled The Future of Robotics, according to SVB, investment in robotics was far ahead of the rest of the ventures, making robotics one of the most popular sectors of the decade. Report data indicates that venture capital financing accounted for 55 percent of all venture financing.
According to SVB, investments in companies producing robots or related equipment have peaked in the last business cycle, which exceeded $ 2 billion in the first quarter of 2019.
Near the beginning of 2018, the increase in transactions stalled while the dollars invested continued to rise. This suggests that category leaders are beginning to be established.
Austin Badger, director of pioneering technological practice at SVB, argues that the ecosystem of increasingly aware and interconnected machines - often referred to as Industry 4.0 - leads to a rapid increase in global production. We owe it mainly to autonomous robots. Built by large international corporations, and increasingly by innovative companies supported by VC, these robots have already become well-established participants in many areas of the economy, from assembly lines to farms and restaurants.
Badger also added that in our opinion the social implications of this industry (automation) will be huge and will require constant research by those driving this technology.