We anticipate that established robotics leaders will likely enter this market as it matures and clear paths to monetization emerge. However, it’s important to note that many current startups in this space may not survive, and their intellectual property value could be limited. The excitement surrounding humanoid robots is palpable and increasingly justified. In July, I discussed the humanoid market on Cheddar TV, addressing Elon Musk’s projections of a trillion-dollar humanoid market. However, I emphasized that this excitement should extend to the entire automation ecosystem, not just humanoids. It’s crucial to recognize that humanoid robots are not the only, or necessarily the best, form factor for many tasks. Humans have limitations in size, strength, and speed. A key development in this space is the rise of Autonomous Mobile Robots (AMRs). AMRs are versatile, self-navigating robots that can adapt to changing environments without requiring fixed routes or extensive infrastructure. These robots are finding applications in warehouses, factories, hospitals, and even public spaces. Examples include self-navigating forklifts, inventory management robots, and even robotic guides in retail or hospitality settings. Beyond AMRs, we’re now able to equip various robotic forms (such as drones and shape-shifting or size-shifting robots with telescopic capabilities) with advanced AI “brains”, sophisticated communication abilities, dexterous manipulation skills, and near limitless end-effectors and tools. An example portfolio company involved in both humanoids and general new-age and classical robotics is Novanta. Their work exemplifies the advancement and versatility in modern robotics, particularly in the crucial areas of actuation and controls. Novanta’s technologies, currently heavily used in surgical robots, demonstrate the incredibly precise control, dexterity, and reliability required for advanced robotics applications.