We break down the advanced manufacturing tech landscape across funding trends, regional activity, top deals, and more.
Amid widespread market uncertainty, manufacturing tech funding soared to $4.3B in Q3’23 — more than triple the previous quarter and far outpacing growth in the overall venture market.
This surge was driven by multiple billion-dollar deals to sustainability-focused industrial tech players. A global push among governments to invest in areas like clean energy has helped ignite private investor enthusiasm.
Using CB Insights data, we assess the landscape for advanced manufacturing technologies. Below, we cover:
- The second highest quarterly funding level on record
- Leading deals to sustainability-focused industrial firms
- The rise in average & median deal sizes
- The decline in early-stage deal activity
- Which countries lead in advanced manufacturing tech investment
Let’s dive in.
Equity funding to advanced manufacturing tech increased 258% quarter-over-quarter (QoQ) to $4.3B, the second highest level on record, following Q3’21 ($5B). Deals remained flat at 119 in Q3’23.
This significant funding was driven primarily by 2 rounds worth $1B+ a piece. But even without these rounds, funding still would have hit $1.7B — growth of 42% QoQ.
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