Senior Electrical Engineer (Hybrid)
Standard Bots$120,000 - $180,000/year
- Full Time
- Senior (5 to 8 years)
About Standard Bots
Standard Bots offers robotic automation solutions for small to medium-sized enterprises (SMEs), with their main product being the RO1 collaborative robot. This robot can perform various tasks such as machine tending, pick and place operations, and inspection without requiring programming knowledge, making it user-friendly. The company stands out with its subscription model, starting at $500 per month, which includes the robot and comprehensive support services, allowing businesses to adopt automation without significant upfront costs. The goal of Standard Bots is to help SMEs improve efficiency and reduce labor costs through accessible and easy-to-use robotic solutions.
Glen Cove, New YorkHeadquarters
2016Year Founded
$84.6MTotal Funding
SERIES_BCompany Stage
Robotics & Automation, Industrial & ManufacturingIndustries
51-200Employees
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Company Match
Employee Stock Options
Paid Vacation
Risks
Competition from NVIDIA's advanced robotics simulation could challenge market position.
Significant funding by competitors like 1X may intensify sector competition.
Potential conflicts of interest with investors like Amazon and Samsung could arise.
Differentiation
Standard Bots offers a subscription model, making robotics accessible to SMEs.
Their RO1 robot is user-friendly, requiring no programming knowledge to operate.
Standard Bots provides comprehensive support and maintenance, ensuring a stress-free user experience.
Upsides
Recent $63M funding round boosts development of next-gen robots and platform enhancement.
Strong investor confidence from Amazon and Samsung supports innovation in AI-powered robotics.
Growing market demand for collaborative robots among SMEs enhances business opportunities.
Funding
Total raised$84.63 M
Latest valuation$315.00 M
StageSERIES_B
SERIES B
6/30/2024$63
$315.00 MSERIES A
9/30/2022$24
$120.00 M