Advanced manufacturing funding soared in Q1’24, rebounding 47% QoQ to reach $2.2B.

Driving the upswing: Humanoid robot funding has reached a record annual level just 4 months into the year, while investment in the operational technology (OT) security tools that can help protect them has already outpaced the previous 2 years combined.

Despite the gains, sector-wide deal count fell to its lowest quarterly level since 2016. This mirrors the broader pullback in venture dealmaking globally. 

Using CB Insights data, we assess the landscape for advanced manufacturing technologies, including:

1. Equity funding and deal trends
2. Top equity deals in Q1’24
3. Unicorn birth rate over time
4. Regional funding leaders
5. Median deal sizes across the globe

Let’s dive in.

Advanced manufacturing funding increased 47% quarter-over-quarter (QoQ) to $2.2B in Q1’24.

However, manufacturing tech firms are now competing for a shrinking pool of deals. In Q1’24, deal volume in the sector dropped to 109, the lowest quarterly level since Q4’16.