Rapid’s mission is to provide manufacturers a robotic solution that can be deployed against simple tasks in hours rather than weeks, and at a fraction of the cost of other automation solutions that require extensive manual programming. Our product is a fully integrated robotic arm work cell that is trained to perform tasks out of the box, and learns new tasks via our cloud infrastructure, AI, and Computer Vision.
Rapid’s software provides our customers with an intuitive interface that gives them the tools to deploy and redeploy Rapid’s automated work cells on their manufacturing lines without having to be a robotics expert. To enable accessible and simple user-facing controls requires an extensive and specialized technology stack. Rapid’s platform is powered by AI and Computer Vision that drastically reduces the complexity, cost, and time typically required to set up a robotic arm. In short, we are automating the process for deploying manufacturing automation.
Rapid’s solution is already deployed with customers, and is proven to deliver increased profits and decreased costs, making our solution indispensable for the future of manufacturing.
Rapid’s software provides our customers with an intuitive interface that gives them the tools to deploy and redeploy Rapid’s automated work cells on their manufacturing lines without having to be a robotics expert. To enable accessible and simple user-facing controls requires an extensive and specialized technology stack. Rapid’s platform is powered by AI and Computer Vision that drastically reduces the complexity, cost, and time typically required to set up a robotic arm. In short, we are automating the process for deploying manufacturing automation.
Rapid’s solution is already deployed with customers, and is proven to deliver increased profits and decreased costs, making our solution indispensable for the future of manufacturing.
Employees: 11-50
Total raised: $54.2M
Founded date: 2019
Founders name: Jordan Kretchmer; Ruddick Lawrence
Investors 4
| Date | Name | Website |
| - | New Enterp... | nea.com |
| - | SQN Ventur... | sqnvp.com |
| - | Bee Partne... | beepartner... |
| 25.11.2021 | Greycroft | greycroft.... |
Funding Rounds 3
| Date | Series | Amount | Investors |
| 18.08.2021 | Series B | $36.7M | - |
| 07.04.2021 | Series A | $12M | New Enterp... |
| 18.11.2020 | Seed | $5.5M | - |
Persons 17
| Date | First Name | Last Name | Title | Location | |||
| - | Garrett | Goldberg | Board Obse... | linkedin.c... | - | - | United Sta... |
| - | Douglas | Treadwell | - | linkedin.c... | - | d*****s@ra... | - |
| - | Sachin | Raturi | - | linkedin.c... | - | s****n@rap... | - |
| - | Jordan | Kretchmer | Co-Founder... | linkedin.c... | - | j****n@rap... | - |
| - | Matthew | Roberson | Senior Sof... | linkedin.c... | - | s***s@rapi... | - |
| - | Mike | Kramer | Sales Dire... | linkedin.c... | - | M**e@rapid... | - |
| - | Rapid | Machine Op... | Rapid Mach... | linkedin.c... | - | i**o@rapid... | - |
| - | Pinak | Parekh | Head of UX | linkedin.c... | - | p***k@rapi... | - |
| - | Jo | Voordecker... | Director, ... | linkedin.c... | - | J*o@rapidr... | - |
| - | Peter | Paulson | - | linkedin.c... | - | p***r@rapi... | - |
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Mentions in press and media 17
| Date | Title | Description |
| 08.09.2021 | Rapid Robotics Grows by Offering Manufacturers Affordable Options, Not Replacing Workers | More than 2.6 million manufacturing workers are aiming for retirement within the next decade. And that’s just one challenge American manufacturing faces. |
| 26.08.2021 | Bee Partners Portfolio Company Rapid Robotics Raises Third Funding Round in Less Than a Year | Investments in robotics and automation have only accelerated during the pandemic as companies look for alternatives to “non-essential” workers and a solution for manufacturing bottlenecks. |
| 19.08.2021 | Daily funding roundup - August 19th, 2021 | Postman raised $225M, MobileCoin secures $66M, One landed $40M; Rapid Robotics picks up $36.7M Postman: Postman is a San Francisco-based collaboration platform for API development. Postman has raised $225 million in Series D funding led by ... |
| 19.08.2021 | Rapid Robotics Raises $36.7M in Series B Funding | Rapid Robotics, a San Francisco, CA-based creator of a ready-to-work robotic machine operator, raised $36.7M in Series B funding. The round was led by Kleiner Perkins and Tiger Global, with participation from existing investors NEA, Greycro... |
| 18.08.2021 | Rapid Robotics raises $36.7M for its AI-powered industrial robots Show your support for our mission by joining our Cube Club and Cube Event Community of experts. Join the community that includes Amaz... | Kleiner Perkins and Tiger Global have led a $36.7 million funding round for Rapid Robotics Inc., a startup developing artificial intelligence-powered robots aimed at the industrial sector. San Francisco-based Rapid Robotics announced the fu... |
| 18.08.2021 | Automation-as-a-service startup Rapid Robotics raises $36.7M | The Transform Technology Summits start October 13th with Low-Code/No Code: Enabling Enterprise Agility. Register now! Rapid Robotics, a startup providing out-of-the-box automation solutions for manufacturers, today announced it has raised $... |
| 18.08.2021 | Rapid Robotics Collects $36.7M in Series B | SAN FRANCISCO, CA, Rapid Robotics announced $36.7M in Series B funding led by Kleiner Perkins and Tiger Global. >> Click here for more funding data on Rapid Robotics >> To export Rapid Robotics funding data to PDF and Excel,... |
| 18.08.2021 | Rapid Robotics raises another $36.7M | Rapid Robotics announced a $12 million Series A all the way back in April 2021. Four months later, the Bay Area-based robotic manufacturing firm is back with a $36.7 million Series B, led by Kleiner Perkins and Tiger Global. The round, whic... |
| 18.08.2021 | An important takeaway from Maven Clinic’s $1 billion valuation | This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox. Paid Content How one company is leading in computer vision technology From Telus International Th... |
| 18.08.2021 | An important takeaway from Maven Clinic’s $1 billion valuation | This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox. Paid Content How Optimizely is improving the marketer experience From Optimizely The venture capi... |
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