About Rapid Robotics
Rapid Robotics offers robotic automation solutions for manufacturers and logistics providers, focusing on automating tasks like case packing and injection molding machine tending. Their systems are designed to be easy to deploy and operate, even for users without technical expertise, and include six fully productized solutions with all necessary components. Unlike competitors, Rapid Robotics guarantees quick deployment and provides ongoing support, acting as an extension of the client's team. The company's goal is to enhance operational efficiency and simplify automation processes for their clients.
San Francisco, CaliforniaHeadquarters
2019Year Founded
$52.7MTotal Funding
SERIES_BCompany Stage
Robotics & Automation, Industrial & ManufacturingIndustries
11-50Employees
Risks
Increased competition from companies like Universal Robots pressures Rapid Robotics to innovate.
Reliance on partnerships may expose Rapid Robotics to strategic misalignments.
Rapid deployment focus might lead to quality control issues affecting customer satisfaction.
Differentiation
Rapid Robotics offers turnkey robotic solutions for manufacturing and logistics sectors.
Their AI, vision-based platform handles diverse palletizing use cases efficiently.
Rapid Robotics provides 24/7 support, becoming an extension of the client's team.
Upsides
Generative AI enhances robotic picking accuracy, improving logistics solutions.
Partnership with Elementary boosts visual inspection capabilities, strengthening product offerings.
Collaboration with Universal Robots expands market reach in North America.
Funding
Total raised$52.72 M
Latest valuation$183.50 M
StageSERIES_B
SERIES B
7/31/2021$37
$183.50 M$12
$60.00 MSEED
10/31/2020$6
$27.50 M