By: Frank Tobe, ROBO Global Strategic Advisor, The Robot Report
Twenty-two different startups were funded in November cumulatively raising $782 million, down a bit from the $862 million in October. The big $400 million funding for UBTech and the $55 million for TuSimple were the only two fundings over $50 million and they were both for Chinese startups with funding from Chinese VC firms.
Six acquisitions were reported during the month including another takeover of a European robotics company by a Chinese one.
On the IPO front, three existing publicly-traded stocks announced additional shares to raise additional funds.