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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…

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Key facts

Founded
2008
Closed
2018
Headquarters
Boston, USA
Industry
Robotics
Employees
Revenue
Undisclosed

Related failures

Often compared with: Universal Robots, ABB Robotics.