Is There A Case For Backing British Robotics Start-Ups?

The developing robotics sector presents an exciting opportunity for investors. Back in 2015, companies spent £55 billion globally on robotics; this figure is expected to double to nearly £105 billion by 2019, while the number of domestic household robots is set to increase to 31 million between 2016 and 2019, up from just 3,700 in 2015.

The reality is that many of us will in the next two – five years be working alongside a collaborative robot (cobot), whether that’s a physical robot or a virtual AI bot, such as British firm Botskill’s chatbot that mimics human conversation using artificial intelligence.

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