The Food and Drug Administration granted Travere Therapeutics full approval for FILSPARI in focal segmental glomerulosclerosis on April 13, 2026, the drug’s second full approval after a 2023 clearance for IgA nephropathy. Travere’s stock rose 43 percent the next day, closing at $43.81. [Read more…] about Travere Therapeutics Turns a Rare Disease Approval into Two Quarters of Accelerating Sales
Financials & Investments
FORT Robotics to go public via business combination with Newbury Street II Acquisition Corp
FORT Robotics, a safety platform developing a “trust layer” for physical AI, and Newbury Street II Acquisition Corp, a special purpose acquisition company, have entered into a definitive business combination agreement that will result in the combined company becoming a publicly traded company.
Upon closing of the business combination, the combined company will be named FORT Robotics Holdings, Inc. and is expected to be listed on the Nasdaq Stock Market (Nasdaq) under the new ticker symbol “FROB”, subject to regulatory approvals.
The transaction values the combined company at a pro-forma enterprise value of $556.6 million (pre-money equity value of $500.0 million). [Read more…] about FORT Robotics to go public via business combination with Newbury Street II Acquisition Corp
Unitree IPO oversubscribed more than 5,000 times as investors pile into humanoid robotics
Unitree Robotics’ initial public offering has reportedly been oversubscribed more than 5,000 times as investors scramble for shares in one of China’s best-known humanoid robot manufacturers.
The Hangzhou-based company priced its IPO at 150.8 yuan ($22.4) per share, raising approximately $900 million and giving Unitree a valuation of around $9 billion, according to CNBC.
Demand for the online retail tranche of the Shanghai STAR Market offering exceeded the number of available shares by more than 5,000 times, resulting in an allocation rate of just 0.018 percent. [Read more…] about Unitree IPO oversubscribed more than 5,000 times as investors pile into humanoid robotics
Unitree targets $9 billion valuation in landmark IPO as humanoid robot race accelerates
Chinese robotics company Unitree has priced its initial public offering at a valuation of approximately $9 billion, becoming the country’s first mainland-listed humanoid robot manufacturer and highlighting growing investor interest in AI-powered robotics despite rising geopolitical tensions.
The Hangzhou-based company said it has priced its Shanghai STAR Market IPO at 150.8 yuan ($22.34) per share, giving it a valuation of around 61 billion yuan ($9.04 billion).
This is according to reports on the CNBC and Investor’s Business Daily websites.
The company is selling 40.45 million new shares, representing 10 percent of its enlarged share capital, with plans to raise about 6.1 billion yuan ($900 million). IPO subscriptions are scheduled to open on August 10. [Read more…] about Unitree targets $9 billion valuation in landmark IPO as humanoid robot race accelerates
SoftBank-backed Agile Robots expects revenue to double this year
German robotics company Agile Robots expects to double its revenue this year as demand for industrial automation continues to grow, according to an interview with the company’s chief executive published by the Wall Street Journal.
CEO Zhaopeng Chen told the newspaper that Agile Robots generated revenue of €300 million (approximately $346 million) in 2025 and expects that figure to reach around €600 million this year.
According to the report, the company has already signed customer contracts supporting its 2026 revenue forecast and expects to reach profitability within the next two to three years. [Read more…] about SoftBank-backed Agile Robots expects revenue to double this year
Humanoid raises $152 million at $1.35 billion valuation, becoming ‘Europe’s first pure-play humanoid robotics unicorn’
Humanoid, a UK-based AI and robotics company building industrial humanoid robots, today announced a $152 million Series A financing at a $1.35 billion post-money valuation.
This funding brings the total amount raised to date to $270 million.
The round was led by Prime Movers Lab, a venture capital firm focused on investments in breakthrough scientific startups working to revolutionize the world’s most important industries and transform billions of lives, with participation from Schaeffler, Bosch, Fubon Financial Holding Venture Capital, and Aglaé Ventures. [Read more…] about Humanoid raises $152 million at $1.35 billion valuation, becoming ‘Europe’s first pure-play humanoid robotics unicorn’
Emesent secures $17 million to accelerate autonomous intelligence platform
Emesent, an autonomous mapping and robotics company, has announced $17 million in total new funding to accelerate development of its Cortex AI autonomy platform, expand its Aura cloud software offering, and deepen its operations across the mining, defense, and architecture, engineering and construction (AEC) sectors.
The raise comprises a $7 million venture debt facility from the National Reconstruction Fund Corporation (NRFC) – Australia’s sovereign investor in advanced manufacturing – and a $10 million equity round.
The equity round was supported by a syndicate including Main Sequence, QIC Ventures, Orion Resource Partners, Hostplus, and NGS Super. [Read more…] about Emesent secures $17 million to accelerate autonomous intelligence platform
Fieldwork Robotics secures SEED Innovations investment to scale berry harvesting robots
Fieldwork Robotics, developers of selective, adaptive and modular harvesting robots, has agreed an investment from SEED Innovations, the AIM-quoted investing company chaired by prominent British businessman Jim Mellon.
The investment forms part of a £2.5 million Seed+ fundraise and combined investment and grant funding announced in April 2026.
Jim Mellon is one of the UK’s most prominent early-stage investors, with a long track record of identifying and backing transformative technology businesses. [Read more…] about Fieldwork Robotics secures SEED Innovations investment to scale berry harvesting robots
Cognibotics selected for €6.5 million in EU accelerator funding
Cognibotics, a Swedish deep-tech robotics company, has been selected for €6.5 million in blended finance from the European Innovation Council Accelerator under the Horizon Europe programme of the European Union. The funding includes a €2.5 million grant and €4 million in equity financing.
The funding will support the next stage of development and industrialisation of HKM1800, Cognibotics’ robot platform for logistics and manufacturing.
The breakthrough combines a new hybrid kinematic design with advanced motion control, making it possible to deliver delta-class speed with a 10 times larger workspace, while using around one-third less energy than traditional robots. [Read more…] about Cognibotics selected for €6.5 million in EU accelerator funding
Agility Robotics to go public through $2.5 billion SPAC merger
Agility Robotics has agreed to go public through a merger with special purpose acquisition company Churchill Capital Corp XI, in a deal that values the humanoid robotics developer at a pre-money equity value of $2.5 billion.
The transaction is expected to generate more than $620 million in gross proceeds, including approximately $200 million from a private investment in public equity (PIPE) financing led by Foxconn, alongside existing and new institutional investors.
Once the deal closes, the combined company is expected to operate as Agility and trade on a major North American stock exchange under the ticker symbol AGLT. [Read more…] about Agility Robotics to go public through $2.5 billion SPAC merger