Rapid Robotics, Inc
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Rapid Robotics, Inc

https://www.rapidrobotics.com/
Last activity: 25.11.2021
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Categories: Artificial IntelligenceAutomationCloudComputerHardwareITManufacturingMovingProductRobotics
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.
Mentions
17
Persons
17
Employees: 11-50
Total raised: $54.2M
Founded date: 2019
Founders name: Jordan Kretchmer; Ruddick Lawrence

Investors 4

Funding Rounds 3

DateSeriesAmountInvestors
18.08.2021Series B$36.7M-
07.04.2021Series A$12MNew Enterp...
18.11.2020Seed$5.5M-

Persons 17

DateFirst NameLast NameTitleLinkedInLocation
-GarrettGoldbergBoard Obse...linkedin.c...United Sta...
-DouglasTreadwell-linkedin.c...-
-SachinRaturi-linkedin.c...-
-JordanKretchmerCo-Founder...linkedin.c...-
-MatthewRobersonSenior Sof...linkedin.c...-
-MikeKramerSales Dire...linkedin.c...-
-RapidMachine Op...Rapid Mach...linkedin.c...-
-PinakParekhHead of UXlinkedin.c...-
-JoVoordecker...Director, ...linkedin.c...-
-PeterPaulson-linkedin.c...-
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Mentions in press and media 17

DateTitleDescription
08.09.2021Rapid Robotics Grows by Offering Manufacturers Affordable Options, Not Replacing WorkersMore than 2.6 million manufacturing workers are aiming for retirement within the next decade. And that’s just one challenge American manufacturing faces.
26.08.2021Bee Partners Portfolio Company Rapid Robotics Raises Third Funding Round in Less Than a YearInvestments 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.
19.08.2021Daily funding roundup - August 19th, 2021Postman 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 ...
19.08.2021Rapid Robotics Raises $36.7M in Series B FundingRapid 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...
18.08.2021Rapid 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...
18.08.2021Automation-as-a-service startup Rapid Robotics raises $36.7MThe 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 $...
18.08.2021Rapid 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,...
18.08.2021Rapid Robotics raises another $36.7MRapid 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...
18.08.2021An important takeaway from Maven Clinic’s $1 billion valuationThis 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...
18.08.2021An important takeaway from Maven Clinic’s $1 billion valuationThis 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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