- VC fundraising
- Mobility
- Autonomous technologies
VC fundraising for autonomous technologies companies
Autonomy fundraising has narrowed to a small set of survivors. After a decade of heavy investment from OEMs, big tech and venture, the sector has seen high-profile shutdowns and consolidation - Argo, Embark and Cruise among them - alongside continued large rounds for remaining leaders in robotaxi and autonomous trucking. Investors that still write cheques underwrite on disengagement metrics, safety case progress and the credibility of the cash plan.
The investor mix in autonomy spans climate and deep tech funds (Lowercarbon, Breakthrough Energy, DCVC, Lux), mobility-specialist VCs (Maniv, Trucks VC), and OEM corporate venture arms (Toyota Ventures, Hyundai Motor Group, BMW i Ventures, GM Ventures, Volvo Cars Tech Fund). Flow has direct relationships with these investors and focuses outreach on partners who understand the safety, regulatory and capital-intensity framework required to move from pilot to commercial revenue.
Flow has experience running VC fundraising processes for autonomy companies across robotaxi and shared autonomous mobility, autonomous trucking and freight, autonomy software stacks and middleware, sensor and perception systems, and autonomous applications in mining, agriculture and industrial environments. Our extensive investor network spans early-stage seed funds, growth-stage investors, and strategic and corporate VC arms.




































"Autonomous technologies" KPIs VC investors look at
The metrics venture investors benchmark before pricing a round - in diligence, at the IC table, on the term sheet.
Kilometres driven autonomously
Disengagement rate
Km per disengagement
Test fleet size
Operational design domains live
OEM & customer contracts
Pilot revenue
R&D spend
Simulation hours
Safety incidents
Cash runway (months)
Autonomous technologies valuations in May 2026
Public autonomous technologies comps trade at 5.7x EV/Revenue. Median revenue multiple across autonomous technologies VC rounds was 28x in the last 12 months.
5.7x
Median EV/Revenue as of May 2026 for public autonomous technologies companies
16x
Tesla is the highest valued public autonomous technologies company based on EV/Revenue (excluding outliers)
1.1x
Median EV/Revenue across autonomous technologies M&A deals in the last 12 months
28x
Median EV/Revenue across autonomous technologies VC rounds in the last 12 months
Key recent autonomous technologies VC rounds
$16B Series D raised by Waymo was the largest autonomous technologies VC round completed in the last six months.
See all autonomous technologies VC rounds| Logo | HQ | Description | Investors | |||||
|---|---|---|---|---|---|---|---|---|
Feb-26 | Waymo | Waymo is a Mountain View-headquartered autonomous vehicle technology company that engineers Level 4 self-driving systems. Its sixth-generation hardware suite combines custom lidar, radar, cameras, and radar with AI software trained on billions of miles of real-world data. Waymo One delivers commercial driverless ride-hailing in Phoenix metropolitan area, San Francisco peninsula, and Los Angeles metro via Jaguar I-PACE and Zeekr EVs. Waymo Via conducts freight hauling pilots with partners like UPS and J.B. Hunt in Texas and Arizona. | Andreessen HorowitzBDT & MSD Partners+10 | $16B | $126B | Series D | ||
May-26 | Anduril Industries | Anduril Industries is a Costa Mesa-based defense technology company developing autonomous systems for national security. Founded in 2017, it produces AI-powered products including Lattice command software, Sentry surveillance towers, Ghost drones, and Roadrunner munitions. The company supplies U.S. Department of Defense branches, Customs and Border Protection, and allies like the UK Ministry of Defence and Australian Border Force. | Andreessen HorowitzThrive Capital | $5.0B | $61B | Series H | ||
Mar-26 | Shield AI | Shield AI is a San Diego-headquartered defense technology company that develops autonomous systems including V-BAT vertical takeoff aircraft, X-BAT unmanned systems, Hivemind Enterprise autonomy software, and Hivemind Vision sensors. Founded in 2015, Shield AI maintains nine offices across the U.S., Europe, the Middle East, and Asia-Pacific, supporting military operations with AI-driven drones and swarm intelligence. | Advent InternationalApandion+6 | $2.0B | $13B | Series G | ||
Mar-26 | Saronic | Saronic is an Austin-headquartered developer of autonomous surface vessels for maritime defense and surveillance. The company integrates hardware, software, and AI into scalable platforms like the Spyglass and Corsair models for naval operations. Saronic's vessels support intelligence gathering, patrol, and swarm tactics for U.S. Navy and allied forces. Founded in 2022, it collaborates with defense contractors on programs enhancing domain awareness in contested waters. | 8VCAdvent International+9 | $1.8B | $9.3B | Series D | ||
Jan-26 | Skild AI | 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. | 1789 CapitalAlpha Square Group+10 | $1.4B | $14B | Series C | ||
Feb-26 | Wayve | Wayve is a London-headquartered AI company building end-to-end machine learning software for self-driving vehicles. Founded in 2017, the technology enables mapless navigation by learning from driving data to handle diverse urban environments. Wayve collaborates with automakers like Nissan and has testing operations in the UK and US. | Baillie GiffordBalderton Capital+10 | $1.2B | $8.6B | Series D | ||
Jan-26 | Waabi | - | Abu Dhabi Investment AuthorityBDC Capital+10 | $750M | $3.8B | Series C | ||
Apr-26 | True Anomaly | True Anomaly is an Austin-based space technology company designing autonomous spacecraft and software for orbital security and resilience. The firm builds Jackal electronic warfare satellites and develops simulation platforms for space domain awareness. True Anomaly supports U.S. Space Force contracts and partners with defense primes to field counter-space capabilities. | AccelMenlo Ventures+10 | $600M | $2.2B | Series D | ||
Jan-26 | Zipline | Zipline is a Half Moon Bay-headquartered drone delivery company that manufactures and operates fixed-wing drones for transporting medical supplies such as blood and vaccines. It runs autonomous logistics networks in Rwanda, Ghana, Nigeria, and the United States, completing over 1 million deliveries since 2016. Zipline's Platform 2 drones achieve speeds up to 100 mph with parachute drops for precise landings. The company partners with health organizations like WHO and holds FAA approvals for beyond-visual-line-of-sight operations, expanding to Japan in 2023. | Baillie GiffordFidelity+2 | $600M | $7.6B | Undisclosed stage | ||
Feb-26 | Apptronik | 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. | AT&T VenturesB Capital+6 | $520M | $5.3B | Series A | ||
Nov-25 | Zhuoyu Technology | Zhuoyu Technology is a provider of high-end intelligent driving solutions for passenger cars across various price points and power types. It researches and develops intelligent driving systems along with self-made core components to support partners in mass production of advanced driving technologies. | FAW Group | $509M | $1.4B | Series B | ||
Mar-26 | Rhoda AI | Rhoda AI builds robot foundation models using internet-scale video pretraining and closed-loop predictive control to enable autonomous robots for manufacturing and logistics partners. | Capricorn Investment GroupJohn Doerr+8 | $450M | $1.7B | Series A | ||
Nov-25 | Apptronik | 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. | - | $331M | $5.3B | Undisclosed stage | ||
Apr-26 | Volant Aerotech | Volant Aerotech is a specialist in research, development, manufacturing, and servicing of passenger eVTOL aircraft. The company produces electric vertical takeoff and landing vehicles for urban air mobility, featuring modular designs and autonomous flight capabilities. Operations center in Shenzhen, China, with products showcased at www.volantaerotech.com. | FutureCapHongShan+3 | $300M | - | Series C | ||
Mar-26 | Vast | Vast is a Long Beach-headquartered space company engineering commercial space stations for low Earth orbit missions. Its Haven-1 outpost, set for 2025 launch via SpaceX Falcon 9, accommodates four crew members with Starlink connectivity and radiation shielding. Vast develops modular architectures supporting artificial gravity via rotation, in-space manufacturing bays, and science payloads, collaborating with NASA under CCSC-2 agreements for private astronaut flights. | Balerion Space VenturesEarthrise Ventures+9 | $300M | - | Series A |
VC investors active in autonomous technologies
Y Combinator is the most active VC investor across autonomous technologies, having invested in 63 startups in the last three years.
See all autonomous technologies VCs| Logo | HQ | Description | Key portfolio | |||
|---|---|---|---|---|---|---|
Y Combinator | Y Combinator is a San Francisco-headquartered startup accelerator that funds and mentors early-stage technology companies across sectors like software, biotechnology, and fintech. Since its inception in 2005, it has propelled alumni including Airbnb, Dropbox, and Stripe through intensive three-month programs featuring Demo Days and investor networks. | General AstronauticsAsimovCongruent+2 | 63 | Pre-seed | ||
Khosla Ventures | Khosla Ventures is a Menlo Park-headquartered venture capital firm investing in early-stage companies across AI, climate technologies, digital health, and enterprise software. Founded in 2004 by Vinod Khosla, it has backed over 1,000 startups including DoorDash, Square, and Impossible Foods, managing more than $15 billion in assets committed. | GlydwaysHermeusRhoda AI+2 | 26 | Series A | ||
Alumni Ventures | Alumni Ventures is a Manchester, New Hampshire-headquartered venture capital firm managing diversified portfolios for 10,000 accredited investors. Operations run 50 funds targeting seed through Series B stages in AI, biotech, and climate tech. Sourcing draws from 1,000 university alumni networks with co-investments alongside Sequoia and a16z across 1,400 portfolio firms. | Performance Drone WorksNeurophosPoint One Navigation+2 | 26 | Seed | ||
Sequoia Capital | Sequoia Capital is a venture capital firm headquartered in Menlo Park, California, with operations in the United States, China, India, and Southeast Asia. Founded in 1972, it invests in seed through growth-stage companies across sectors like consumer internet, enterprise software, healthcare, and semiconductors. The firm has backed transformative businesses including Apple, Google, WhatsApp, Airbnb, Stripe, NVIDIA, and DoorDash, achieving landmark returns from initial public offerings and acquisitions. Sequoia Capital maintains separate funds for U.S., China, and India ecosystems, supporting founders in building enduring technology leaders. | WaymoSkild AINeros Technologies+2 | 19 | Seed | ||
Gaingels | Gaingels is a venture syndicate investing in LGBT+ founded companies at all growth stages with a portfolio exceeding 130 firms. San Francisco-headquartered, the group has deployed $70 million in capital and supports diversity hiring for C-suite roles. Gaingels syndicates deals through its 2,000-member network across technology, fintech, and consumer sectors. | Odys AviationReliable Robotics CorporationNeurophos+2 | 17 | Seed | ||
Antler | Antler is a Singapore-headquartered global venture capital firm founded in 2017 that invests in early-stage tech companies. It operates day-zero programs in 27 cities, backing 1,000+ startups with $100 million deployed annually across AI, fintech, and sustainability. Portfolio includes unicorns like Hold One and Tiqets, with a network of 3,000 mentors and 700+ investors for follow-ons. | Refined RoboticsGrazeMateVoltrac+2 | 17 | Pre-seed | ||
Pioneer Fund | Pioneer Fund is a San Francisco-based venture capital firm that invests exclusively in Y Combinator batches. The fund deploys capital into early-stage startups from accelerator programs, with portfolio companies including DoorDash, Airbnb, and Stripe alumni. It manages over $100 million across multiple funds focused on software, fintech, and consumer tech sectors. | BootLoopFlywheel AIOmnara+2 | 17 | Pre-seed | ||
Andreessen Horowitz | Andreessen Horowitz is a Menlo Park-headquartered venture capital firm founded in 2009 that targets seed through late-stage investments in software infrastructure, consumer internet, enterprise applications, fintech, cryptocurrency, and biohealthcare. The firm has backed Airbnb, Coinbase, GitHub, Lyft, and Stripe, maintaining offices in San Francisco and Santa Clara. | Anduril IndustriesUlysses Ecosystem EngineeringSaronic+2 | 17 | Seed | ||
Shenzhen Capital Group | Shenzhen Capital Group is a Shenzhen government-established venture capital firm founded in 1999. Invests in small and medium enterprises, high-tech innovators, and emerging industries such as IT, internet, biopharma, new energy, and advanced manufacturing. Targets startups, growth-stage, and transforming companies aligned with national policies. Supports portfolio firms toward listings on domestic and international exchanges. Manages operations nationwide from its Shenzhen base. | Booster RoboticsKC RobotsUnbounded Dynamics+2 | 15 | Series A | ||
Puhua Capital | Puhua Capital is a Beijing-headquartered venture capital firm investing in early- and growth-stage tech startups across China in AI, biotech, and fintech. The fund manages RMB 5 billion across four vehicles, backing companies like Horizon Robotics, Rockchip, and Insilico Medicine. Portfolio spans 200-plus enterprises with exits via IPOs on STAR Market and NASDAQ. | DeepMindLuMing RoboticsGalaxea AI+2 | 14 | Seed |
Founders and investors we've worked with
We've supported winning builders across autonomous technologies and beyond.

MILES
We acted as exclusive fundraising advisor to MILES Mobility, Germany's largest independent car sharing provider, on its Series C growth round led by Crosslantic Capital.
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Orka
We advised Elysian Fields on its investment into Orka, a Reykjavik-based portfolio of online consumer lending platforms, supporting deal structuring and growth-capital deployment in the Icelandic fintech market.
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GoTrendier
We advised GoTrendier, the leading second-hand fashion marketplace in LatAm (Mexico and Colombia), on its $14m Series B fundraise led by IDB.
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Ziik
We acted as fundraising advisor to Ziik, a Copenhagen-based all-in-one social intranet and internal communication SaaS platform, on its growth funding round.
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Sentryc
We led the capital raising process for Sentryc, a Berlin-based AI-driven brand protection and IP software provider, on its growth round led by Seventure Partners.
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