Median Series A post-money valuation, defense vs. non-defense robotics ($M), 2015–2026. Defense robotics companies have commanded consistently higher valuations since 2021, reaching a 2× premium over non-defense peers by 2025.
| Year | Defense robotics ($M) | Non-defense robotics ($M) |
|---|---|---|
| 2015 | 4.3 | 24.3 |
| 2016 | 34.0 | 29.6 |
| 2017 | 48.0 | 25.3 |
| 2018 | 38.0 | 36.8 |
| 2019 | 74.5 | 26.5 |
| 2020 | 19.6 | 21.8 |
| 2021 | 53.9 | 42.7 |
| 2022 | 113.5 | 56.1 |
| 2023 | 97.0 | 41.5 |
| 2024 | 63.0 | 38.0 |
| 2025 | 105.0 | 50.0 |
| 2026 (partial) | 172.8 | 112.0 |