There was a brief, beautiful moment for a few months in 2021 when it felt like robotic investments might be immune from broader market forces. We all fundamentally and implicitly understood this to not be the case, but it was a nice moment nevertheless.
Truth is, there was a bit of insulation in there. There was still enough forward momentum to keep cruising for a bit, even as headwinds grew. But everything comes down to Earth eventually. Now that we’re roughly a month into 2023, we can begin assessing the damage. Looking at these graphs collated by Crunchbase, things seems fairly stark.