2012/05/30 Leave a comment
Travis Deyle at Hizook has some widely cited data about venture capital activity in robotics. I’ve sorted his data to make a cluster comparison.
- Pittsburgh is further behind in the venture capital race than first appearances would indicate if the $25 M growth round from ABS Capital is not included in venture capital. No other deal in the data would qualify as “late stage growth capital.”
- According to this data, the rest of the robotics world (not in Western PA, New England, or Silicon Valley) combined got $37.3M in venture capital funding– about 19% of total identified funding–or almost exactly what Boston got.
- Silcon Valley got 49% of total identified robotics funding …and they have the best weather. Not fair!