Cybernetix Ventures has announced a new $100 million fund to invest in robotics and automation startups with artificial intelligence applications across various industries.
The fund has already made 23 investments in early-stage companies developing systems for manufacturing, logistics, construction, agriculture, climate, and healthcare.
Cybernetix Ventures co-founders, Mark Martin and Fady Saad, with 50 years of combined experience in robotics, are actively building an investment portfolio of leading robotics and physical AI startups.
The global market for AI-enabled robotics is projected to grow significantly by 2030, and Cybernetix Ventures aims to expand its focus to agriculture and climate with the new fund.