Elon Musk, the founder of Tesla, has his eye on a new sector.
He thinks it’s going to big.
In fact, he said it could potentially be “more significant than the vehicle business.”
Jack Ma is excited, too. Ma is the billionaire founder of Alibaba, China’s version of Amazon. He believes this sector will create some of the world’s most important companies.
If Musk and Ma are right, this sector’s earliest investors are going to make fortunes.
So today, I’ll tell you all about it…
And then I’ll show you a startup investment you can make in it right now.
Here Come the Robots
What’s this sector I’m referring to?
Currently, the market for Robotic Technologies is worth about $60 billion. But by 2027, it’s expected to be worth $189 billion.
One of the most fascinating segments of this market is the development of human-like robots for our homes.
Not just smart speakers like Alexa that can play music or order groceries…
But assistants that feel human — the type of assistant that can help us take care of our kids or elderly parents, the type of friend we can play games with.
The thing is, there’s a major problem holding this market back…
Forming an emotional connection with any of the robots on the market today is challenging.
My smart speakers from Google and Amazon do their jobs well. And these devices have a voice, which is a good start.
But still, they’re just pieces of plastic that I hide under the table. They don’t offer any visual “clues” that I’m interacting with something other than a cold piece of technology.
But now something new is taking shape…
Introducing: Destiny Robotics
Destiny Robotics is an AI and Robotics company.
It’s building a home-assistant robot that’s a humanoid — in other words, it has human features.
By building something that blurs the lines between humans and machines, Destiny is aiming to provide 500+ million people not just with a home assistant, but with companionship.
In other words, this isn’t just a robot. It’s also AI, engineering, art, and design.
This is what technologists call the 4th Industrial Revolution. 4IR consists of advances in AI, robotics, the Internet of Things (IoT), genetic engineering, and quantum computing.
The goal of this era is for the boundaries between the physical, biological, and digital worlds to disappear. But to make it work, there needs to be seamless communication between humans and robots.
And that’s where Destiny shines…
A humanoid robot like Destiny can express feelings.
And through Natural Language Processing (NLP), she can communicate conversationally. She can even react to your facial expressions and physical gestures.
That’s why Destiny can be used for everything from childcare to elderly care, and from someone to play games with, to someone who can act as one’s therapist.
As mentioned earlier, the robotics market is expected to be worth $189 billion by 2027.
That explains why the professional early-stage investors known as Venture Capitalists are jumping in with two feet.
In the last quarter alone, venture investments into AI companies — the lifeblood of the robotics trend — hit a record for the fourth consecutive quarter, at nearly $18 billion.
When VCs meaningfully ramp up their investing around a specific technology, we know development and deployment for that tech is about to accelerate rapidly.
And now we have the opportunity to make an investment in this sector, too…
Destiny’s Funding Round
Destiny Robotics is currently raising about $1 million in a funding round.
This round is open to all investors, regardless of net worth or income. The valuation is $20 million, and the minimum investment is $250.
Should you consider an investment?
The Pros and Cons of an Investment
On the “pro” side:
- Enormous market opportunity. Again, the future market for Robotics Tech is estimated at $189 billion.
- Goal-oriented. Destiny has an aggressive growth plan. The company aims to bring in $20 million in revenues by 2024, $110 million by 2025, and $370 million by 2026.
- Strong Team. The team has relevant experience from Huawei, Microsoft, U.S. Department of Defense, HSBC, and Motorola.
But on the “con” side…
Although Destiny has built an early prototype, it will need to attract considerable capital in the future to fund its Research and Development budget.
After all, it’s not bringing in any revenue yet. Pre-orders might start this year. But its full prototype isn’t expected until next year. And a commercial version of its product won’t be available until sometime after that.
That helps explain why I’m not recommending that you run out and blindly invest in Destiny. This is a risky venture, and it requires substantial investment research to understand how things might play out.
But if you believe — like Elon Musk and Jack Ma — that robotics will become one of the world’s most important sectors, it might be worth a look.
Please note: Crowdability has no relationship with any of the startups we write about. We’re an independent provider of education and research on startups and alternative investments.