Rethink Robotics, Inc. develops collaborative, trainable robots for manufacturing companies. Series B. And robotics technology isn't merely applied to mundane or repetitive tasks; robots can now perform complicated procedures that have long been the domain of specially trained humans, including scouring dense forests to find missing hikers and even performing minimally-invasive heart surgery.. Rethink Robotics, Inc. manufactures industrial robots. Rethink Robotics has 40 employees and is ranked 8th among it's top 10 competitors. Nov 30, 2010. View all 9 funding rounds from this search. Crunchbase | Website | Twitter | Facebook | Linkedin. Since 2005, Rethink Robotics (previously named Heartland Robotics) has taken in $73.5 million from Boston-based VCs and Bezos Expeditions (the personal investment fund of Jeff Bezos), the most recent $11.5 million in November, 2013 (source: CrunchBase). See the drone companies that are on the rise! Series B - Rethink Robotics . The Boston-based company will use the funding to support global expansion initiatives and new product development. The Company develops and produces industrial robots that help businesses in manufacturing, automation, and outsourcing applications. Rethink Robotics. Rethink Robotics closes after acquisition plans fall through Brian Heater @bheater / 2 years I’ve said it right here on these very pages: If hardware is hard, robotics are next to impossible. The top 10 competitors average 16,780. Universal Robots was founded in 2005, and its headquarters is in Odense, South Denmark. Rethink Robotics shuttered its doors and closed for good on October 4, 2018. OB7 cobots provide safe, flexible, and cost effective solutions for automating thousands of industrial production tasks. In 2012, Rethink Robotics introduced their first collaborative robot Baxter and later introduced their second collaborative robot, Sawyer, in 2015.Both Baxtar and Sawyer are able to work side by side with human workers and can be programmed to perform various tasks and serve multiple purposes. But last week, the machine’s maker, Rethink Robotics, suddenly announced it was planning to fold, sales of its robots having come up short. Crunchbase Pro reveals the companies you need to know. Categories: Productive Robotics Inc. is an industrial robot manufacturer of 7 axis collaborative robot arms used in manufacturing automation. Rethink Robotics . When you upgrade to Crunchbase Pro, you can access unlimited search results, save to custom lists or to Salesforce, and get notified when … Here are 10 publicly traded companies where humans work hand-in-hand with robots to … $20,000,000. The use of robotics is already present in manufacturing environments, but today's robots are typically expensive, singularly purposed, challenging to reprogram, and … Rethink Robotics helps manufacturers meet the challenges of an agile economy with an integrated workforce, combining trainable, safe and cost-effective robots with skilled labor. According to Crunchbase, the average early-stage round for an AI startup in 2010 was about $4.8 million. Rethink Robotics makes industrial robots for production and research environments. In early October 2018, news broke that Rethink Robotics — the pioneering company behind the Baxter and Sawyer cobots — was shutting down. The announcement surprised many people, especially those who assumed since the automation sector is in such a growth phase, all the companies in it could stay safe from the dreaded possibility of ceasing their operations. Universal Robots is the biggest rival of Rethink Robotics. Universal Robots operates in the Technology Hardware industry.
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