Standard Bots Raises $63 Million in Funding for AI-Powered Robotics Innovation
Standard Bots Secures $63 Million in Funding to Revolutionize Robotics Industry
In a groundbreaking move for the robotics industry, Standard Bots has announced the successful completion of its Series B funding round, raising a total of $63 million. The round was led by General Catalyst, with participation from the Amazon Industrial Innovation Fund and Samsung Next.
Standard Bots, a company known for its innovative robotic arm technology, has already made waves with the successful launch of its RO1 robotic arm. Now, the company is gearing up to introduce its new AI-powered robots to the market, targeting industries and use cases that have previously been untouched by traditional robotics.
Based in the United States, Standard Bots designs and assembles collaborative robotic arms that are set to transform sectors such as manufacturing. The company is also working on a transformer-based model that harnesses the power of AI to enhance robotic capabilities.
One of the key features of Standard Bots’ technology is its ability to observe human demonstrations and empower robots to master intricate tasks with unprecedented precision. This advancement marks a significant moment in the industry, opening up new possibilities that were once considered beyond the reach of robotics.
The company’s RO1 and RO2 robotic arms are currently in production and are designed to handle high variability and challenging real-world applications. Unlike traditional robots that are pre-programmed and struggle to navigate unpredictable conditions, Standard Bots’ robots are equipped to adapt to dynamic environments and unexpected obstacles.
Evan Beard, co-founder and CEO of Standard Bots, expressed his vision for the company, stating, “We’re on a mission to make advanced, adaptable robots accessible to all. Standard Bots makes it easy for any company, from small businesses to Fortune 500 companies, to harness the power of robotics.”
With a focus on democratizing robotics and making the technology more accessible, Standard Bots’ intuitive software allows users to program its robots without the need for coding expertise. This approach not only fosters innovation but also encourages diverse contributions to the field of robotics.
The new funding will be used to expand Standard Bots’ engineering team, accelerate the development of its next-generation robots in new sizes, and enhance the proprietary platform that makes these robots intuitive for everyday use. With the support of investors like General Catalyst and the Amazon Industrial Innovation Fund, Standard Bots is poised to revolutionize the robotics industry and redefine the possibilities for automation in manufacturing.
