ICON Valuation, Funding & Investors

Mind Robotics is a Tel Aviv-headquartered venture specializing in industrial artificial intelligence and robotics solutions. The company develops AI-driven robotic systems for manufacturing automation, including vision-guided assembly and quality inspection tools. Launched in 2020, it serves sectors like electronics and automotive with deployments in Israel and Europe.

Sineva is a Shenzhen-based robotics manufacturer producing transfer robots, test handlers, and intelligent factory automation systems. The company supplies equipment for semiconductor assembly, electronics testing, and service robotics applications in Asia.

Roark Aerospace is a Washington-headquartered developer of autonomous defense systems. Products include drone detection radars, counter-UAS effectors, unmanned ground vehicles, and hyperspectral sensors. The firm deploys drone-for-robot swarms and edge-based C2 platforms for real-time warfare. Roark Aerospace serves US military and allies with persistent surveillance solutions.

Square Robot is a developer of autonomous underwater vehicles designed for inspecting ship hulls, oil storage tanks, and submerged infrastructure in the oil and gas sector. The Boston-headquartered company, founded in 2016, deploys compact robotic systems that navigate confined spaces to detect corrosion and structural issues without human divers. Square Robot's technology integrates advanced sensors and AI for real-time data analysis, serving petrochemical clients worldwide to enhance safety and reduce operational downtime.

Sharpa is an AI robotics company developing automated robotics for commercial food service, including a fully automated robot restaurant built in partnership with CFB Group's Dairy Queen franchise in China. Founded in 2024 by the three co-founders of Hesai Technology, CEO David Li, CTO Xiang Shaoqing, and chief scientist Sun Kai, the company is using its early capital to commercialize automated restaurant operations and expand into broader robotics applications.

Avathon is a Pittsburgh-based AI provider of cyber-physical software for industrial IT, OT, and IoT security. Its DeepArmor platform uses machine learning on real-time sensor data for malware detection and risk prediction in defense, manufacturing, and finance sectors. Award-winning since 2018, the technology prevents breaches for clients including energy utilities and financial institutions.

Relativity Space is a Long Beach-headquartered aerospace manufacturer pioneering 3D-printed rockets. Founded in 2015, it builds Terran 1 and Terran R vehicles using additive manufacturing, AI, and robotics for a supply chain with 100 times fewer parts. The company assembles rockets in under 60 days at its Florida launch site for satellite constellation missions.

Apptronik is an Austin-based developer of humanoid robots including the Apollo model for logistics, manufacturing, and service applications. The company builds general-purpose robots capable of handling repetitive tasks in warehouses and hazardous environments to boost human productivity. Apptronik collaborates with NASA and delivers systems through its manufacturing services division, focusing on bipedal mobility, dexterity, and AI-driven autonomy.

Physical Intelligence is a robotics firm developing foundation models and algorithms for general-purpose AI in physical tasks. Its technology enables robots to handle diverse applications across industries through simulation-to-reality transfer and dexterous manipulation.

NEURA Robotics is a developer of cognitive robots for industrial automation and service applications. Its systems feature 3D vision, tactile sensing, and AI for human-robot collaboration in assembly, logistics, and eldercare. Munich-headquartered and spun out from Fortiss in 2022, NEURA deploys humanoid arms in food production and medical labs across Germany and the US.

Skild AI is a San Francisco-headquartered startup building foundation models for robotics that enable spatial intelligence and adaptive manipulation in unstructured environments. The company trains multimodal AI on real-world data from humanoid robots to handle tasks like grasping and navigation without task-specific programming. Skild AI raised funding from investors including Benchmark and focuses on warehouse automation and manufacturing applications.

Figure is a robotics company developing general-purpose humanoid robots for industrial applications in manufacturing, logistics, warehousing, and retail. Sunnyvale-based and founded in 2022, it deploys the Figure 01 model equipped with AI-driven vision, manipulation, and mobility capabilities powered by OpenAI's large language models for natural interaction and task learning. The robots handle repetitive and hazardous tasks autonomously, integrating with existing warehouse management systems from partners like BMW for automotive production lines. Figure operates pilot programs in BMW's South Carolina facility to validate scalability across labor-intensive sectors.

Allen Control Systems is an Austin, Texas-based defense technology company that builds autonomous precision weapon systems for counter-drone defense. Its flagship product, Bullfrog, is an AI-powered robotic weapon station that uses computer vision and proprietary control systems to integrate with legacy and modern weapons, including the M240 and M2, for precision targeting against unmanned aerial threats. Founded by former U.S. Navy engineers, the company sells to the U.S. Department of Defense and allied militaries.

Proto Labs Inc is an on-demand manufacturer of custom parts for prototyping and short-run production. The company offers developers and engineers quick-turn production services to reduce the time to market. The Lab uses injection molding, computer numerical control machining, and 3-D printing, and sheet metal to manufacture custom parts for its clients. The company services clients' needs for prototype solutions, parts for testing procedures, bridge production capabilities during disruptions in manufacturing processes, limited-quantity requests, and end-of-life production support. Geographically, a majority of the company's revenue is derived from the United States and the rest from Europe.

Divergent is a creator of the Divergent Adaptive Production System, an end-to-end software-hardware platform for industrial digital manufacturing. System enables design, additive manufacturing, and automated assembly of complex structures for automotive, aerospace, and defense applications. Technology optimizes designs, reduces material usage, and eliminates traditional capital equipment requirements, transforming manufacturing economics and environmental impact.

Grenergy Renovables SA is a Spanish Independent Power Producer (IPP) that designs, develops, and executes renewable energy plants on a large scale. Its services are divided into different activities including the promotion, commercialization, and construction of renewable energy installations, the production and commercialization of electric energy as well as any complementary activities, and the management and operation of renewable energy installations. It operates in segments that include: Development and Construction which also generates key revenue for the company; Energy; Commercialization, and Services. Geographically, the company generates revenue from Chile, Mexico, Peru, Argentina, Colombia, Spain and other regions.

Infleqtion Inc develops and commercializes neutral atom-based quantum technology products through an integrated platform. Its offerings include quantum sensing, quantum computing, and related software solutions. The company's technologies are deployed across sectors such as defense and security, artificial intelligence, energy optimization, space applications, materials research, and cybersecurity. Its platform integrates core quantum technologies with hardware and proprietary software based on neutral atom systems.

Gibraltar Industries Inc manufactures and provides products and services for the Renewable energy, Residential, Agtech, and Infrastructure markets. The Renewables Segment is engaged in designing, engineering, manufacturing, and installing solar racking and electrical balance systems. Agtech Segment provides growing and processing solutions including the designing, engineering, manufacturing, full-scope construction, maintenance, and support of greenhouses and indoor growing operations, and botanical extraction systems. It derives key revenue from the Residential segment which offers roof and foundation ventilation products, single point and centralized mail systems electronic package solutions, and Retractable awnings and gutter guards, among other products.