Rethink Robotics

Empowering agile manufacturing with a blend of innovative robots and skilled labor for optimal productivity and competitive edge.

General Information
Company Name
Rethink Robotics
Founded Year
2008
Location (Offices)
Founders / Decision Makers
Number of Employees
-
Industries
Automation, Manufacturing, Robotics
Funding Stage
Series E
Social Media

Rethink Robotics - Company Profile

Rethink Robotics, with its slogan of "Empowering agile manufacturing with a blend of innovative robots and skilled labor for optimal productivity and competitive edge," focuses on integrating trainable, safe, and cost-effective robots with skilled labor to support manufacturers in adapting to the demands of an agile economy. The company's flagship product, Baxter robot, powered by the advanced Intera software platform, offers a significant advantage to leading manufacturers and distributors in sectors such as automotive, plastics, consumer goods, and electronics by optimizing their labor force. The company, founded in 2008 and headquartered in Boston, Massachusetts, has received significant support from investors including Bezos Expeditions, Charles River Ventures, Highland Capital Partners, Sigma Partners, Draper Fisher Jurvetson, and Two Sigma Ventures. Their latest investment of $18.00M in a Series E round was secured on 24 August 2017, with Brain Robotics Capital and Employee Stock Option Fund participating as investors. Rethink Robotics is dedicated to advancing robotics innovation in manufacturing and other fields. Its Baxter Research Robot offers a humanoid robot platform equipped with integrated sensors and an open software development kit for creating custom applications, targeting both academic and corporate research environments. By leveraging Rethink Robotics, manufacturers can enhance flexibility, reduce costs, and invest in skilled labor to drive continuous innovation and maintain a sustainable competitive edge within the rapidly evolving manufacturing landscape.

Taxonomy: agile manufacturing, robotics innovation, skilled labor, workforce optimization, advanced software platform, manufacturing robotics, integrated sensors, robotic technology, manufacturing automation, investors, startup, Boston-based company

Funding Rounds & Investors of Rethink Robotics (9)

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Funding Stage Amount No. Investors Investors Date
Series E $18.00M 2 Employee Stock Option Fund 24 Aug 2017
Series E $18.02M 9 05 Jan 2017
Series D $13.40M 3 16 Apr 2015
Series D $26.60M 8 05 Jan 2015
Series C $11.50M 6 01 Nov 2013

View All 9 Funding Rounds

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