Standard Bots, a trailblazer in robotics automation, has successfully raised $63 million in a Series B funding round. This latest round, spearheaded by General Catalyst with notable contributions from the Amazon Industrial Innovation Fund and Samsung Next, marks a significant milestone for the company as it gears up to expand its innovative solutions across American manufacturing.
Founded in 2021, Standard Bots is making waves in the robotics sector with its advanced AI-powered robotic arms. The company’s flagship products, the RO1 and RO2, are designed to tackle complex industrial tasks—from intricate assembly operations to food preparation and dishwashing. By integrating AI with cutting-edge robotics, Standard Bots is opening new possibilities for automation in sectors previously considered beyond reach.
Evan Beard, co-founder and CEO of Standard Bots, expressed enthusiasm about the impact of the new funding: “Historically, robotics required extensive resources and expertise, but our mission is to make sophisticated, adaptable robots accessible to businesses of all sizes. With this investment, we’re set to revolutionize how companies interact with robotics, from small enterprises to major corporations.”
David Golden, another co-founder, highlighted the technological breakthrough: “Robotics is experiencing a transformation akin to the ChatGPT moment in AI. Our focus on real-time adaptability allows our robots to perform complex tasks previously deemed impossible.”
The funding will accelerate the development of Standard Bots’ next-generation robotics and expand their engineering team. The company’s technology, which includes a user-friendly platform that eliminates the need for coding expertise, aims to democratize access to advanced automation, thereby enhancing productivity and operational efficiency across various industries.
Quentin Clark from General Catalyst commented, “Standard Bots is poised to drive significant advancements in American manufacturing. Their innovative approach addresses critical barriers in robotics, promising to transform industrial processes and deliver substantial value.”
Franziska Bossart of the Amazon Industrial Innovation Fund added, “Standard Bots’ solutions align with our goal of enhancing operational efficiency and cost reduction. We are excited about their potential to redefine manufacturing automation.”
Lachy Groom of Quiet Capital, 468 Capital, Lightscape Partners, and Box Group also participated in the funding, reflecting strong confidence in Standard Bots’ future. The new capital will support the company’s expansion and enhance its proprietary platform, solidifying its position at the forefront of robotic automation.
As Standard Bots continues to push the boundaries of what is possible with robotics, its advancements promise to reshape industries and address labor shortages, offering a glimpse into the future of manufacturing technology.
For further information, visit Standard Bots.
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