Robot designer Standard Bots has announced that it has raised US$63m (£48m) in total funding, with its recent Series B round led by General Catalyst with participation from Amazon Industrial Innovation Fund and Samsung Next.
Standard Bots design and assembles collaborative robotic arms in the US, with the aim of transforming industrial sectors such as manufacturing.
The company is also developing a transformer-based model that leverages the power of AI to enhance robotic capabilities.
The company has already launched its RO1 robotic arm and is now preparing to bring its new AI-powered robots to market, unlocking use cases and industries untouched by traditional robotics, such as complex assembly, food preparation, or dishwashing.
Standard Bots’ RO1 and RO2 robotic arms are currently in production and are designed for high variability and challenging real-world applications, a stark contrast to traditional, pre-programmed robots that often cannot navigate unpredictable conditions such as dynamic or cluttered environments and unexpected obstacles.
Evan Beard, co-founder and CEO of Standard Bots, said: “Historically, robotics projects required a team of PhDs, multiple years of research, and deep pockets—and even after all that, use cases were often limited. We’re on a mission to make advanced, adaptable robots accessible to all.
“Standard Bots makes it easy for any company, from small mom-and-pop shops to Fortune 500 companies, to harness the power of robotics.”
Lachy Groom, Quiet Capital, 468 Capital, Lightscape Partners and Box Group provided additional venture capital support.
As part of this round, Max Rimpel of General Catalyst will join the company’s board alongside existing board member and lead seed investor Itai Tsiddon.
The new funding will be used to expand Standard Bots’ engineering team, accelerate the development of its series of next-generation robots in new sizes and enhance the proprietary platform that makes these robots intuitive for everyday use.
