Embodied Inc. (Moxie) is routed directly to the Graveyard on the strength of its December 2024 shutdown — a lead investor pulled out of a late-stage round, the company ceased operations, and cloud-dependent Moxie units were bricked. Remains visible as a sector case study rather than an active tracked company.
SourceThe inaugural Robotics roster was assembled from editorial research across humanoid, warehouse, drone, cobot, service, defense, industrial, consumer, and healthcare robotics. Automated signal tracking begins this week; the first quarterly review — where promotions and demotions happen based on capital, news volume, hiring velocity, valuation, age, and exec stability — is scheduled for May 15, 2026, anchoring a recurring Feb/May/Aug/Nov 15 cadence aligned with US earnings-season closes.
Venture capital deployed · 2026 YTD
Sector market cap
Largest raise · trailing 12mo
Catalysts ahead · next 12mo
Companies tracked
Nothing on the calendar yet.
Mega-rounds ($500M+) dominate 2025–2026, with Figure ($1.0B), Zipline ($600M), Physical Intelligence ($600M), and Apptronik ($520M) leading. Seed/A rounds have shrunk to $7–$105M, signaling a widening gap. Median growth-stage round now exceeds $300M, double the 2022 median of $100M.
Late-stage capital concentrates heavily in unicorns and near-IPO candidates. Series B–C rounds average $150–$400M in 2025–2026, while seed activity remains thin. Two IPOs in 2026 (UBTECH, Unitree) and three in 2024–2025 signal liquidity push at cap table top. Balanced ecosystem evaporating.
SoftBank, Brookfield, and CapitalG anchor mega-deals. Parkway Venture Capital, B Capital, and Valor Equity Partners emerged as Series C–Growth specialists. Toyota (Woven Capital), LG Electronics, and Microsoft-aligned funds signal strategic corporate entry. Traditional VCs (Sequoia, Andreessen) largely absent from latest rounds.
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As of 2026-08-01
A lead investor pulled out of a critical funding round at the last minute, Embodied could not find a replacement, and the company ceased operations in December 2024. Because Moxie relied on Embodied's cloud backend, the shutdown bricked every unit in the field and most refund requests were declined — the defining cautionary tale for cloud-dependent consumer robots.