Rapid Robotics

Rapid Robotics

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Overview

Growing labor shortages combined with the rising complexity of material handling and fulfillment mean that manufacturing and logistics businesses need a palletizing solution that can adapt to their evolving needs. Rapid Robotics is a full-service robotic palletizing company deploying fleets of affordable robotic workcells designed to respond to the dynamic conditions of today's business.

Rapid’s AI, vision-based platform was created to handle a wide range of palletizing use cases. With the option of a RaaS business model combined with pioneering speed, service, and support it becomes possible to increase capacity and predictability at the end of the line without the risk and complexity of owning and maintaining robots.

About

Industries

Manufacturing, Robotics, Industrial Automation

Founded

2019

Employees

51-100

Headquarters locations

United States, North America

Social

N/A

Profile Resume

Rapid Robotics headquartered in United States, North America, operates in the Manufacturing, Robotics, Industrial Automation sector. The company focuses on Manufacturing and has secured $2.6B in funding across 48 round(s). With a team of 51-100 employees, Rapid Robotics is actively contributing to advancements in Manufacturing. Their latest funding round, Series B - Rapid Robotics, raised $36.7M. Discover more about their projects, partnerships, and impact on our platform.

Employees

imagePlace Jordan Kretchmer

Jordan Kretchmer

Co-Founder and CEO

imagePlace Jesse Myers

Jesse Myers

DevOps and Cloud and Infrastructure Consultant

imagePlace Ruddick Lawrence

Ruddick Lawrence

Co-Founder and CTO

imagePlace Erin Veneziano

Erin Veneziano

Director of People Operations

imagePlace John Novak

John Novak

Director of Computer Vision

Funding Rounds

Funding rounds

4

Investors

6

Lead Investors

0

Total Funding Amount

$54.2M

Details

4

Rapid Robotics has raised a total of $54.2M in funding over 4 rounds.

Announcement dateTransaction nameNumber of InvestorsMoney raisedLead Investor
2020Seed5.5M
2019Seed
2021Early Stage Venture12.0M
2021Early Stage Venture36.7M

Investors

Rapid Robotics is funded by 24 investors.

Investor NameLead InvestorFunding RoundPartners
New Enterprise Associates-FUNDING ROUND - New Enterprise Associates36.7M
468 Capital-FUNDING ROUND - 468 Capital36.7M
Rapid Robotics-FUNDING ROUND - Rapid Robotics36.7M
Greycroft-FUNDING ROUND - Greycroft36.7M

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