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.
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 |
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