Standard Bots

Standard Bots

Robotic automation solutions for businesses

About

Standard Bots offers robotic automation solutions for small to medium-sized enterprises (SMEs), with their main product being the RO1 collaborative robot. This robot can perform various tasks such as machine tending and pick and place operations without requiring programming knowledge, making it user-friendly. The company stands out by using a subscription model that includes support and maintenance, allowing businesses to adopt automation with minimal upfront costs. The goal is to help businesses improve efficiency and productivity through accessible robotic solutions.

Company Stage

Series B

Employees

11-50

Industries

Robotics & Automation, Industrial & Manufacturing

Total Funding

$84.6M

Headquarters

N/A

Founded

2016


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Simplify's Take

What believers are saying

  • The recent $63M Series B funding, led by General Catalyst and including Amazon Industrial Innovation Fund and Samsung Next, provides significant capital for expansion and innovation.
  • Standard Bots' focus on AI-powered robotics positions it at the forefront of the industrial automation revolution, offering substantial growth potential.
  • The company's commitment to making advanced robotics accessible to all businesses could lead to widespread adoption and market dominance.

What critics are saying

  • The competitive landscape in industrial automation is intense, with numerous well-funded players vying for market share.
  • Reliance on a subscription model may pose financial risks if customer acquisition and retention do not meet expectations.

What makes Standard Bots unique

  • Standard Bots offers a subscription-based model starting at $500 per robot, making advanced robotics accessible to SMEs without significant upfront costs.
  • The RO1 robot is designed to be user-friendly, requiring no programming knowledge, which sets it apart from more complex automation solutions.
  • Their focus on providing comprehensive support and maintenance services ensures a reliable and stress-free experience for clients, unlike competitors who may offer limited post-sale support.

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Growth & Insights
Headcount

6 month growth

39%

1 year growth

76%

2 year growth

206%

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