Standard Bots raises $63M to bring cobot arms to market

Identical outdated Bots this week raised more than $63 million in total funding. Its recent Series B spherical was as soon as led by Identical outdated Catalyst and integrated participation from the Amazon Industrial Innovation Fund and Samsung Subsequent.

The Glen Cove, N.Y.-essentially based entirely mostly firm plans to make employ of the fresh funding to lengthen its engineering crew, bound up the pattern of its series of next-generation robots in recent sizes, and lend a hand the proprietary platform that makes these robots intuitive for day to day employ.

“Historically, robotics projects required a crew of PhDs, plenty of years of compare, and deep pockets—and even despite all the pieces that, employ cases had been typically little. We’re on a mission to kind improved, adaptable robots accessible to all,” Evan Beard, co-founder and CEO of Identical outdated Bots, said. “Identical outdated Bots makes it easy for any firm, from itsy-bitsy mother-and-pop retailers to Fortune 500 firms, to harness the facility of robotics.”

Identical outdated Bots designs hardware and machine. The firm already launched its RO1 collaborative robotic arm and is preparing to bring its recent AI-powered robots to market. The firm says these robots will unlock employ cases and industries that hold been largely untouched by feeble robotics, love advanced assembly, food preparation, and dishwashing.

Lachy Groom, Unexcited Capital, 468 Capital, Lightscape Companions, and Box Neighborhood offered extra endeavor capital pink meat up within the spherical. As portion of the funding agreement, Max Rimpel of Identical outdated Catalyst will be part of the firm’s board alongside present board member and lead seed investor Itai Tsiddon.

Inner Identical outdated Bots’ skills

The RO1 cobot arm affords an 18 kg payload with a 1.3m reach, 3m/s linear bound and +/-0.025 mm repeatability.

To boot to to its robots, the firm can even be making a transformer-essentially based entirely mostly model that leverages AI to lend a hand robotic capabilities. The firm says that watching human demonstrations empowers robots to be taught intricate initiatives. These can range from loading advanced welding fixtures to folding clothing.

“Robotics is having its ChatGPT moment. Fresh advances in AI allow robots to ‘understand’ and react to actions in actual-time, which system they would possibly be able to take care of more advanced jobs,” David Golden, co-founding father of Identical outdated Bots, said. “Wanting forward, we’re centered on increasing our product line and pioneering recent functions for AI-essentially based entirely mostly robotics in industries beforehand untouched by this skills.”

“We’re continuously on the lookout for recent applied sciences in automation and robotics. With its versatile and proper robotics solutions, we specialize in Identical outdated Bots is positioned to back redefine clear functions of the manufacturing job,” Franziska Bossart, head of the Amazon Industrial Innovation Fund, said. “Identical outdated Bots’ skills affords provocative possibilities for boosting operational efficiency and decreasing payments across a huge selection of industries, which aligns with our commitment to fostering innovations that can kill more dynamic, responsive offer chains.”