RoboBusiness: a VC’s perspective on the state of robotics investment

By Mike Oitzman | October 2, 2023

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Robotics is a quickly evolving subject. During the last 5 years, the robotics {industry} has witnessed the rise and fall of autonomous autos as a class. On the identical time, we’ve seen the emergence of a brand new class referred to as “vertical robotics,” the place corporations concentrate on industry-specific vertical use instances. Early successes have centered round logistics, protection and safety, and medication. The autonomous autos class yielded a greater understanding of find out how to construct profitable robotics corporations and educated a brand new technology of skilled entrepreneurs and operators within the robotics house.

At RoboBusiness, which takes place in Santa Clara, CA, on October 18-19, Sanjay Aggarwal, a Enterprise Accomplice at F-Prime Capital, will focus on what to anticipate within the robotics {industry} within the coming 5 years, the way it will proceed to broaden, with an rising concentrate on vertical use instances, significantly in rising fields like agriculture, building, mining, meals, and lab and pharma. As well as, Sanjay will focus on the hurdles dealing with the autonomous automobile {industry} and the way M&A exercise from incumbent OEMs will probably be a key indicator of success for vertical robotics.

Previous to becoming a member of F-Prime Capital, Aggarwal was CEO of Unicel Applied sciences, an India-focused cell messaging firm. Aggarwal scaled Unicel to turn out to be a pacesetter within the Indian market and efficiently exited the enterprise to Karix Cell.

Earlier in his profession, Aggarwal labored at Devonshire Traders (the non-public fairness group of Constancy Investments), McKinsey and Firm of their US and India places of work, and at Berkeley Course of Management (acquired by Moog Inc), the place he constructed machine automation techniques. Aggarwal holds a B.S. in Mechanical Engineering from MIT, an M.S. in Mechanical Engineering from UC Berkeley, and an M.B.A. from the MIT Sloan Faculty of Administration.

RoboBusiness is the main occasion centered on creating business robots. There will probably be 60-plus audio system, 100-plus exhibitors and demos on the expo ground, networking receptions, the Pitchfire Robotics Startup Competition and extra. You may take a look at the current list of speakers, to which extra will probably be added.

RoboBusiness will probably be co-located with the Field Robotics Engineering Forum, an occasion centered on efficiently creating robots that function in wide-ranging, out of doors, dynamic environments.

Additionally co-located with RoboBusiness is DeviceTalks West, the premier {industry} occasion for medical expertise professionals, at the moment in its ninth 12 months. Each occasions appeal to engineering and enterprise professionals from a broad vary of healthcare and medical expertise backgrounds.