EP23: Robotics Mega-Rounds — Why $18.8B in 2026 Doesn't Mean Deployment
Drew and Reese unpack why robotics raised $18.8B in 2026 — already more than all of 2025 — but most portfolios still feel like science projects two years later. The risk isn't the model. The risk is manufacturing yield, safety certification, fleet ops, and customer concentration. Four-step playbook for tech investors evaluating frontier-tech allocations without pretending to be operators in robotics, AI-infra, or deeptech. Historical parallel: the late-90s industrial-automation buildout and how operator-LP underwriting separated the survivors. Educational content only.
The skinny
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