Attack of the robotic SPACs

Attack of the robotic SPACs

3 years ago
Anonymous $4BDEsVAtYS

https://techcrunch.com/2021/04/22/attack-of-the-robotic-spacs/

That thing I said the other week about robotics SPACs being relatively few and far between is becoming less and less true. It’s like someone walked down to the local robotics club, explained the admittedly somewhat convoluted methods around robotics mergers and the rest of the industry decided that they, too, wanted to get in on this action.

Joining the list that already includes warehouse automation firm Berkshire-Gray and exoskeleton company Sarcos is Vicarious Surgical. The surgical category is definitely one to keep an eye on going forward for these deals. Not only is it a massive industry with intricate and expensive procedures, it’s one that’s been proven out for several decades now, thanks in no small part to players like Intuitive, which received FDA approval more than 20 years ago for its da Vinci system.