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Full-Time

Bear Robotics

Posted on 6/21/2024

Bear Robotics

Bear Robotics

201-500 employees

Robotic food service delivery solutions

Food & Agriculture
Robotics & Automation
Automotive & Transportation
Hardware
AI & Machine Learning
Consumer Goods

Expert

Dallas, TX, USA

Category
Manufacturing Engineering
Mechanical Engineering
Requirements
  • Bachelor's degree in Business, Marketing, Engineering, or a related field
  • MBA or advanced degree is preferred
  • Proven track record of at least 10 years of successful experience in business development within the hospitality industry
  • Previous experience building/leading a business development department
  • B2B Sales experience
Responsibilities
  • Focus on current partnerships/building new partnerships and understanding organizations' goals
  • Evaluate and improve business models including sales and pricing strategy
  • Collaborate with the executive team to develop and refine the company's business development strategy
  • Conduct thorough market research to identify trends and opportunities
  • Lead negotiations and execute agreements with potential partners and customers
  • Work closely with the sales team to drive revenue growth
  • Create KPIs/metrics tracking to monitor department success
  • Build and lead a high-performing business development team

Bear Robotics develops robots specifically for the restaurant and hospitality industry, with its main product being Servi. Servi is designed to assist food service operations by carrying and delivering food and beverages to customers. This helps reduce the workload of human staff, allowing them to focus more on customer interaction, which can enhance the overall dining experience. The company sells its robots directly to businesses such as restaurants and hotels, operating on a business-to-business model. Bear Robotics aims to improve efficiency in food service operations and enhance customer experiences, while also potentially lowering labor costs for its clients.

Company Stage

Series C

Total Funding

$175.8M

Headquarters

Redwood City, California

Founded

2017

Growth & Insights
Headcount

6 month growth

-4%

1 year growth

-5%

2 year growth

2%
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Simplify's Take

What believers are saying

  • The recent $60M Series C funding from LG Electronics provides significant financial backing for further innovation and market expansion.
  • Servi Plus' recognition at the iF Design Award 2024 solidifies Bear Robotics' reputation as a leader in design and technology within the robotics industry.
  • Integration of advanced AI and intuitive features in Servi Plus can lead to widespread adoption and customer satisfaction in the hospitality sector.

What critics are saying

  • The niche focus on the restaurant and hospitality sectors may limit market opportunities compared to more versatile robotics companies.
  • High competition in the robotics and automation industry could pressure Bear Robotics to continuously innovate to maintain its market position.

What makes Bear Robotics unique

  • Bear Robotics focuses exclusively on the restaurant and hospitality sectors, unlike competitors who may target broader markets.
  • Their AI-powered robot, Servi, is designed to enhance customer experience and operational efficiency, setting them apart from generic automation solutions.
  • Winning the prestigious iF Design Award 2024 highlights their commitment to cutting-edge technology and visionary design.
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