Rapid Robotics Revenue and Competitors

Location

$54.2M

Total Funding

Industrial

Industry

Estimated Revenue & Valuation

  • Rapid Robotics's estimated annual revenue is currently $13.4M per year.(i)
  • Rapid Robotics's estimated revenue per employee is $268,280
  • Rapid Robotics's total funding is $54.2M.

Employee Data

  • Rapid Robotics has 50 Employees.(i)
  • Rapid Robotics grew their employee count by -14% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$19.1M605%N/AN/A
#2
$23.8M759%N/AN/A
#3
$27.9M79-12%N/AN/A
#4
$173.4M393N/AN/AN/A
#5
$6.7M27-10%N/AN/A
#6
$6.4M260%N/AN/A
#7
$41.7M1186%N/AN/A
#8
$9.9M35-10%N/AN/A
#9
$6.4M260%N/AN/A
#10
$1.4M8-20%N/AN/A
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Rapid’s mission is to provide manufacturers a robotic solution that can be deployed against simple tasks in hours rather than weeks, and at a fraction of the cost of other automation solutions that require extensive manual programming. Our product is a fully integrated robotic arm work cell that is trained to perform tasks out of the box, and learns new tasks via our cloud infrastructure, AI, and Computer Vision. Rapid’s software provides our customers with an intuitive interface that gives them the tools to deploy and redeploy Rapid’s automated work cells on their manufacturing lines without having to be a robotics expert. To enable accessible and simple user-facing controls requires an extensive and specialized technology stack. Rapid’s platform is powered by AI and Computer Vision that drastically reduces the complexity, cost, and time typically required to set up a robotic arm. In short, we are automating the process for deploying manufacturing automation. Rapid’s solution is already deployed with customers, and is proven to deliver increased profits and decreased costs, making our solution indispensable for the future of manufacturing.

keywords:N/A

$54.2M

Total Funding

50

Number of Employees

$13.4M

Revenue (est)

-14%

Employee Growth %

N/A

Valuation

N/A

Accelerator

Rapid Robotics's People

NameTitleEmail/Phone
1
Director People OperationsReveal Email/Phone
2
Director Demand GenerationReveal Email/Phone
3
Senior Account ExecutiveReveal Email/Phone
4
Director Hardware & Mechanical EngineeringReveal Email/Phone
5
VP FinanceReveal Email/Phone
6
Co-Founder and CEOReveal Email/Phone
7
Director, Customer OperationsReveal Email/Phone
8
Software Engineering ManagerReveal Email/Phone
9
Field Application EngineerReveal Email/Phone
10
Sr QAReveal Email/Phone

Rapid Robotics News

2022-04-20 - Rapid Acceleration headed to the big leagues of robotics ...

(KEVN) - In high school, there are clubs and organizations for just about every interest from sports to theater, even robotics. Rapid...

2022-04-20 - Otsego High School robotics team qualifies for championships

Grand Rapids police release videos of an officer fatally shooting Patrick Lyoya. Timeline · Lyoya's family speaks out · Experts reflect...

2022-04-19 - Snohomish, Everett robotics teams headed to world ...

The 2022 game is Rapid React. The robot must climb monkey bars, drive autonomously for 15 seconds and launch large tennis balls into goals...

2021-08-19 - Rapid Robotics Raises $36.7M in Series B Funding

Rapid Robotics, a San Francisco, CA-based creator of a ready-to-work robotic machine operator, raised $36.7M in Series B funding. The round was led by Kleiner Perkins and Tiger Global, with participation from existing investors NEA, Greycroft, Bee Partners and 468 Capital. The company, which h ...

2021-08-19 - Daily funding roundup - August 19th, 2021

Postman raised $225M, MobileCoin secures $66M, One landed $40M; Rapid Robotics picks up $36.7M Postman: Postman is a San Francisco-based collaboration platform for API development. Postman has raised $225 million in Series D funding led by Insight Partners, with participation from Coatue, Batte ...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$5.5M50-15%$59.6M
#2
$9.8M5014%N/A
#3
$4.9M5022%$24.5M
#4
$5.6M50N/AN/A
#5
$6.8M50N/AN/A