Rapid Robotics

Rapid Robotics

Turnkey robotic solutions for automation

About Rapid Robotics

Simplify's Rating
Why Rapid Robotics is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

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.

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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

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Meet Average

Industry standards

$35M
$36.7M
Rapid Robotics
$45M
Linktree
$65M
Substack
$100M
ClickUp

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

3%
The Robot Report
Aug 13th, 2024
Rapid Robotics’ New Ceo Explains The Use Of Ai To Accelerate Accurate Picking

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

Core77
Feb 26th, 2024
Embrace Design Heritage, Reframe for the Future

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.

Automobile
Aug 7th, 2023
Post navigation

Moreover, In February, 2023, Schuler teamed up with AutoForm to develop new digital press shop solutions.

Elementary ML
Jul 5th, 2023
Unleashing AI + robotics: Elementary's ai-powered vision systems and Rapid Robotics partnership

Elementary partnered with Rapid Robotics, Inc to provide a solution for this complex visual inspection.

The Robot Report
Mar 2nd, 2023
Top 10 Robotic Stories Of February 2023

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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