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State of Robotics in 2024: The Rise of Vertical Robotics

  • The robotics industry is experiencing a shift from autonomous vehicles (AV) to vertical robotics companies.
  • Funding for AV companies has decreased, leading to a drop in venture capital investment in the robotics industry.
  • Vertical robotics companies, focusing on industrial use cases, have attracted talented founders and investment capital.
  • Despite the decline in funding, early-stage investment in robotics remains strong, fueled by advancements in AI and falling hardware costs.

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