Twenty-eight different startups were funded in October cumulatively raising $862 million, up from $507 million in September. Three of the top four fundings were for startups involved in the self-driving process. An additional five lower-amount startups were also funded for self-driving applications or components along with two of the six acquisitions.
Six acquisitions were reported during the month including Delphi Automotive’s buying nuTonomy for $450 million and Boeing’s acquisition of 550-employee Aurora Flight Sciences.
On the IPO front, Altair Engineering raised $156 million and Restoration Robotics raised $25 million when both went live on the NASDAQ stock exchange this month.
By: Frank Tobe, ROBO Global Strategic Advisor, The Robot Report