Robotics scene continues to be bullish, but layoffs are looming – Nob6
This startup season is filled with goals of profitability, promises of higher margins and whispers about pivoting toward sustainability. So when it comes to robotics, a capital-intensive sector that has a longer sales time horizon and loads of infrastructure hurdles, tensions feel inevitable.
Or at least, you’d think. Crunchbase data shows that, despite a creaky market, venture funding for robotics startups remains strong. It’s a dissonance worth exploring, so that’s exactly what we did at TC Sessions: Robotics 2022 with investors Kelly Chen, partner at DCVC, Bruce Leak, founder of Playground Global and Helen H. Liang, founder of FoundersX Ventures. The trio of investors spoke about how the ambitious sector is surpassing some of the downturn’s harshest symptoms.
The answer includes a shift in investment strategy and Amazon.