When Seth Winterroth left his job at GE Ventures to help launch Eclipse Ventures in 2015, he noticed a lack of interest in early-stage robotics startups. However, fast forward 10 years, and Winterroth, along with other investors like Kira Noodleman and Fady Saad, are seeing a surge in investor interest in robotics.
Thanks to advancements in hardware, software, and falling hardware costs, the robotics startup market has matured, attracting engineers and helping companies figure out product-market fit. While AI has played a role in advancing robotics tech, the real catalyst for the industry gaining momentum can be traced back to Kiva Systems’ acquisition by Amazon in 2013.