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About Standard Bots
Industries
Robotics & Automation
Industrial & Manufacturing
Company Size
51-200
Company Stage
Series B
Total Funding
$84.6M
Headquarters
Glen Cove, New York
Founded
2016
Overview
Standard Bots provides robotic automation solutions tailored for small to medium-sized enterprises (SMEs). Their main product, the RO1 collaborative robot, is equipped with a camera and is designed to perform various repetitive or hazardous tasks such as machine tending, pick and place operations, case packing, and more. The RO1 operates without the need for programming knowledge, making it user-friendly for businesses looking to streamline their operations. Standard Bots differentiates itself from competitors by offering a subscription-based model, starting at $500 per month, which includes the robot along with comprehensive support and maintenance services. This approach allows companies to adopt advanced robotics without a large upfront investment. The goal of Standard Bots is to make robotic automation accessible and affordable, enabling businesses to enhance productivity and reduce labor costs.
Simplify's Take
What believers are saying
- Recent $63M funding round boosts development of next-gen robots and platform enhancement.
- Strong investor confidence from Amazon and Samsung supports innovation in AI-powered robotics.
- Growing market demand for collaborative robots among SMEs enhances business opportunities.
What critics are saying
- Competition from NVIDIA's advanced robotics simulation could challenge market position.
- Significant funding by competitors like 1X may intensify sector competition.
- Potential conflicts of interest with investors like Amazon and Samsung could arise.
What makes Standard Bots unique
- Standard Bots offers a subscription model, making robotics accessible to SMEs.
- Their RO1 robot is user-friendly, requiring no programming knowledge to operate.
- Standard Bots provides comprehensive support and maintenance, ensuring a stress-free user experience.
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Funding
Total Funding
$84.6M
Above
Industry Average
Funded Over
2 Rounds
General Catalyst
BoxGroupIndustry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Company Match
Employee Stock Options
Paid Vacation
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 0%2 year growth
↑ 8%Listen to this articleAWS and Isaac Sim can help accelerate robotics development, says NVIDIA. NVIDIA Corp. today announced at AWS re:Invent enhanced tools for robotics developers, as well as the availability of NVIDIA DGX Cloud on Amazon Web Services and offerings for artificial intelligence and quantum computing. The company said that NVIDIA Isaac Sim is now available on NVIDIA L40S graphics processing units (GPUs) in Amazon Elastic Cloud Computing (EC2) G6e instances. It said this could double scaling robotics simulation and accelerate AI model training. Isaac Sim is a reference application built on NVIDIA Omniverse for developers to simulate and test AI-driven robots in physically based virtual environments
Standard Bots, an AI-powered robotics startup, has raised $39M in Series B funding from investors that include led by General Catalyst.
Listen to this articleStandard Robots’ RO1 collaborative robot is currently in production. | Source: Standard Bots. Standard Bots this week raised more than $63 million in total funding. Its new Series B round was led by General Catalyst and included participation from the Amazon Industrial Innovation Fund and Samsung Next. The Glen Cove, N.Y.-based company plans to use the fresh funding to expand its engineering team, accelerate the development of its series of next-generation robots in new sizes, and enhance the proprietary platform that makes these robots intuitive for everyday use
Artificial intelligence robotics startup Standard Bots has raised $63 million over a series of deals, the company plans to announce Friday.
Standard Bots, a robotics automation pioneer, has raised $63 million in Series B funding led by General Catalyst, with participation from Amazon Industrial Innovation Fund and Samsung Next. The company, known for its RO1 robotic arm, is developing AI-powered robots for complex tasks in various industries. CEO Evan Beard aims to make advanced robotics accessible to all businesses, highlighting the transformative potential of AI in robotics.
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About Standard Bots
Industries
Robotics & Automation
Industrial & Manufacturing
Company Size
51-200
Company Stage
Series B
Total Funding
$84.6M
Headquarters
Glen Cove, New York
Founded
2016
Standard Bots is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today