Rethink Robotics
RoboticsUSAClosed 2018
Total Raised
$149M
Peak Valuation
Undisclosed
Employees
—
Year Collapsed
2018
Business model
Collaborative robots (Baxter and Sawyer) designed to work safely alongside humans on factory floors, targeting small and mid-sized manufacturers.
In brief
Founded by a renowned MIT robotics professor, it pioneered genuinely safe, easy-to-program collaborative robots aimed at making automation accessible to smaller manufacturers who couldn't afford traditional industrial robotics. Despite building critically respected products and r…
See the What Happened tab for the full account.
Key facts
- Founded
- 2008
- Closed
- 2018
- Headquarters
- Boston, USA
- Industry
- Robotics
- Employees
- —
- Revenue
- Undisclosed
- Founders
- Rodney Brooks
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Often compared with: Universal Robots, ABB Robotics.