Work Here?
Industries
Robotics & Automation
Industrial & Manufacturing
Defense
Company Size
201-500
Company Stage
IPO
Total Funding
$307.5M
Headquarters
Salt Lake City, Utah
Founded
1983
Help us improve and share your feedback! Did you find this helpful?
Total Funding
$307.5M
Above
Industry Average
Funded Over
5 Rounds
In Episode 177 of The Robot Report Podcast, we feature an interview with Ben Wolff, co-founder and CEO of Palladyne AI.What is Palladyne AI?In the featured interview this week, Mike Oitzman and Gene Demaitre interview Ben Wolff, co-founder and CEO of Paladine AI.Ben discusses the company’s evolution from hardware-focused robotics to a software-centric approach.He shares insights on the challenges faced during this transition, the impact of SPAC acquisitions, and how Palladyne AI differentiates itself in the competitive landscape of AI for robotics.Ben also highlights the importance of government contracts and the company’s hardware-agnostic strategy, while looking ahead to future opportunities in automation and AI applications.Ben recognizing the immediate market potential for the software and AI algorithms developed by the company, pivoted from hardware development to a software-centric approach. This strategic shift, involving the layoff of hardware teams, significantly reduced their burn rate. Palladyne AI has developed software capable of teaching robots complex tasks in under 20 minutes.This agnostic software operates seamlessly on various third-party robots, accelerating iteration and development cycles. The company boasts contracts with the Pentagon, securing non-dilutive funding while navigating the inherent compliance challenges. This robust AI platform, built upon years of valuable hardware experience, positions Paladine AI for future growth and scaling their software solutions across diverse industries.To learn more, goto: https://www.palladyneai.com/Show timeline6:00 – News of the week27:00 – Interview with Ben WolffRegister today to save 40% on conference passes!News of the weekGM will no longer fund Cruise’s robotaxi development General Motors Co. today announced that it will no longer fund Cruise LLC’s robotaxi deployment work
SALT LAKE CITY--(BUSINESS WIRE)--Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC) (NASDAQ: STRCW) is pleased to announce that effective as of February 23, 2024, the company’s co-founder and former CEO, Ben Wolff, will resume the role of president and CEO as the Company pursues its next phase of innovation and growth, with a concerted focus on commercializing and deploying the robotic artificial intelligence (AI) and machine learning (ML) software platform that the Company began developing under Wolff’s leadership in 2019. Laura Peterson, who served as CEO of Sarcos for much of 2023, will assume the role of executive vice chairman and will continue to serve on the Company’s Board of Directors. “When Laura took on the CEO role last year, the Company was working on bringing eight different robotic hardware products to market and the Company’s AI platform was primarily being considered as a value add to the hardware. After a thorough analysis led by Laura, the Company has suspended the development of its hardware products, substantially extended its financial runway and narrowed its focus to leverage its unique AI platform to enhance the productivity of the large installed base of industrial robots around the world,” said Sarcos Chairman Dennis Weibling. “We can’t thank Laura enough for repositioning the Company for success.”. “It has been an honor to have served Sarcos during this crucial transition period,” said Laura Peterson
Sarcos welcomes back co-founder and former CEO Ben Wolff to lead company following pivot to industrial AI software focus.
Update: Comment from a Sarcos spokesperson has been added. (11/15/23, 2:40 p.m.). A Pittsburgh robotics success story has ended as the national firm that acquired a homegrown company less than two years ago shuts down its local presence. In 2022, Lawrenceville’s RE2 Robotics announced it would be going public via an $100 million acquisition by Salt Lake City-based Sarcos Technology and Robotics Corporation. The move marked a significant growth milestone for RE2, which specialized in the development of intelligent mobile manipulation systems, and was founded in 2001 by Jorgen Pedersen as a spinout from Carnegie Mellon University’s National Robotics Engineering Center
Also, Sarcos intends to close its Pittsburgh office and consolidate operations in Salt Lake City.
Find jobs on Simplify and start your career today
Industries
Robotics & Automation
Industrial & Manufacturing
Defense
Company Size
201-500
Company Stage
IPO
Total Funding
$307.5M
Headquarters
Salt Lake City, Utah
Founded
1983
Find jobs on Simplify and start your career today