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About Rapid Robotics
Industries
Robotics & Automation
Industrial & Manufacturing
Company Size
11-50
Company Stage
Series B
Total Funding
$52.7M
Headquarters
San Francisco, California
Founded
2019
Overview
Rapid Robotics specializes in robotic automation solutions for manufacturers and logistics providers, automating tasks like case packing and injection molding machine tending. Their products are designed for easy deployment and operation, even for users without technical expertise, and include six fully productized solutions with all necessary components. Unlike competitors, Rapid Robotics offers 24/7 support and maintenance, ensuring clients receive comprehensive service. The company's goal is to enhance operational efficiency and reduce complexity in automation, allowing for quick deployment and cost savings.
Simplify's Take
What believers are saying
- Generative AI enhances robotic picking accuracy, improving logistics solutions.
- Partnership with Elementary boosts visual inspection capabilities, strengthening product offerings.
- Collaboration with Universal Robots expands market reach in North America.
What critics are saying
- Increased competition from companies like Universal Robots pressures Rapid Robotics to innovate.
- Reliance on partnerships may expose Rapid Robotics to strategic misalignments.
- Rapid deployment focus might lead to quality control issues affecting customer satisfaction.
What makes Rapid Robotics unique
- Rapid Robotics offers turnkey robotic solutions for manufacturing and logistics sectors.
- Their AI, vision-based platform handles diverse palletizing use cases efficiently.
- Rapid Robotics provides 24/7 support, becoming an extension of the client's team.
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Funding
Total Funding
$52.7M
Meets
Industry Average
Funded Over
3 Rounds
Tiger Global
Kleiner Perkins
New Enterprise AssociatesIndustry standards
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 3%Listen to this articleRapid iD uses 3D vision and generative AI to quickly identify new objects. Source: Rapid Robotics. Many companies are racing to apply the latest advances in artificial intelligence to robotics. Rapid Robotics this year announced Rapid iD, which it said uses generative AI, computer vision, and machine learning to enable robot arms to pick, inspect, and place items “with 100% certainty in end-of-line and logistics scenarios.”. Last month, the San Francisco-based company promoted Kimberly Losey from chief growth officer to CEO, as founder Jordan Kretchmer moved into the executive chairman role
Rapid Robotics created the Rapid Machine Operator (RMO) as an all-in-one robotic automation solution that is affordable and accessible to all major manufacturing sectors.
Moreover, In February, 2023, Schuler teamed up with AutoForm to develop new digital press shop solutions.
Elementary partnered with Rapid Robotics, Inc to provide a solution for this complex visual inspection.
Listen to this articleFrom seeing Boston Dynamics’ Stretch robot at work in a DHL facility to Alphabet closing down one of its robotics subsidiaries, there was no shortage of robotics news in February 2023. . Here are the top 10 most popular stories on The Robot Report in February 2023. Subscribe to The Robot Report Newsletter or listen to The Robot Report Podcast to stay updated on the robotics stories you need to know about. 10. Soft robotic wearable restores arm function for people with ALS
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About Rapid Robotics
Industries
Robotics & Automation
Industrial & Manufacturing
Company Size
11-50
Company Stage
Series B
Total Funding
$52.7M
Headquarters
San Francisco, California
Founded
2019
There are no jobs for Rapid Robotics right now.
Find jobs on Simplify and start your career today