About Rethink Robotics
Rethink Robotics is a company based in Boston (United States) founded in 2008 was acquired by HAHN Group in October 2018.. Rethink Robotics has raised $149.52 million across 7 funding rounds from investors including Goldman Sachs, General Electric and Bezos Expeditions. The company has 51 employees as of December 31, 2022. Rethink Robotics operates in a competitive market with competitors including RightHand Robotics, Agile Robots, Gecko Robotics, Bright Machines and Vicarious, among others.
- Headquarter Boston, United States
- Employees 51 as on 31 Dec, 2022
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Sectors
Industrial Goods & Manufacturing
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$149.52 M (USD)
in 7 rounds
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Latest Funding Round
$36.02 M (USD), Series E
Aug 18, 2017
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Investors
Goldman Sachs
& 10 more
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Employee Count
51
as on Dec 31, 2022
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Acquired by
HAHN Group
(Oct 25, 2018)
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Funding Insights of Rethink Robotics
Rethink Robotics has successfully raised a total of $149.52M across 7 strategic funding rounds. The most recent funding activity was a Series E round of $36.02 million completed in August 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series E — $36.0M
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First Round
First Round
(01 Jun 2008)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2017 | Amount | Series E - Rethink Robotics | Valuation | Schroders Capital | |
| Jan, 2015 | Amount | Series D - Rethink Robotics | Valuation | General Electric | |
| Oct, 2013 | Amount | Series C - Rethink Robotics | Valuation | Two Sigma Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Rethink Robotics
Rethink Robotics has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, General Electric and Bezos Expeditions. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment management and philanthropic ventures linked to Bezos Expeditions.
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Founded Year | Domain | Location | |
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CRV is recognized as a venture capital firm investing in technology startups.
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Founded Year | Domain | Location | |
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Venture capital investment and entrepreneur support services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Rethink Robotics
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Rethink Robotics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rethink Robotics Comparisons
Competitors of Rethink Robotics
Rethink Robotics operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as RightHand Robotics, Agile Robots, Gecko Robotics, Bright Machines and Vicarious, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
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Deep learning-based vision for autonomous robot perception is provided.
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Wall-climbing robots are developed for boiler inspections at power plants.
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Full-stack automation solutions for electronics manufacturing are provided.
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AI-based robotic arms are developed for industrial automation tasks.
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| domain | founded_year | HQ Location |
Intelligent automation solutions for industrial robots are developed and provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Rethink Robotics
Frequently Asked Questions about Rethink Robotics
When was Rethink Robotics founded?
Rethink Robotics was founded in 2008.
Where is Rethink Robotics located?
Rethink Robotics is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Rethink Robotics a funded company?
Rethink Robotics is a funded company, having raised a total of $149.52M across 7 funding rounds to date. The company's 1st funding round was a Series C of $11.5M, raised on Jun 01, 2008.
How many employees does Rethink Robotics have?
As of Dec 31, 2022, the latest employee count at Rethink Robotics is 51.
What does Rethink Robotics do?
Rethink Robotics was founded in 2008 in Boston, United States, focusing on robotics for the manufacturing sector. Affordable, safe humanoid robots like Baxter are produced, allowing training via demonstration to simplify integration and cut costs. A research edition supports studies in human-robot collaboration, perception, and control for academic and corporate teams. Notable clients include Steelcase, GE, and John Deere. Investment has been secured from Bezos Expeditions.
Who are the top competitors of Rethink Robotics?
Rethink Robotics's top competitors include Vicarious, Yaskawa and Gecko Robotics.
Who are Rethink Robotics's investors?
Rethink Robotics has 11 investors. Key investors include Goldman Sachs, General Electric, Bezos Expeditions, CRV, and Highland Capital Partners.
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