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Over the last decade, annual installations of industrial robots have increased more than threefold. Yet, while this figure certainly signals the growing importance of automation to the manufacturing sector, startups and investors see something more to this market than the headline figures suggest. Why?… the latent demand for manufacturing automation dramatically outstrips what robotics suppliers have so far been able to deliver.
In recent years, entrepreneurs and investors have spotted an opportunity to address this mismatch and transform the role of automation by leveraging recent technological advances and novel approaches. The startup and venture capital ethos has permeated the field of industrial robotics. Innovators and entrepreneurs are now tackling the technological, economic, and human capital constraints that have historically…