About Sarcos
Sarcos is an Industrial Goods & Manufacturing company based in Salt Lake City (United States) founded in 2015 by Marc Olivier and Fraser Smith. Multi-utility robots are developed for industrial applications. Sarcos has raised $85.72 million across 3 funding rounds from investors including Microsoft, SLB and Caterpillar. The company has 152 employees. Sarcos has completed 1 acquisition, including RE2 Robotics. Its chief executive, as recorded, is Kiva Allgood. Sarcos offers products and services including Palladyne IQ and Palladyne Pilot. Its focus areas include High Tech, Professional Service Robots and Multi Utility. Its legal entity is Palladyne AI Corp. Its competitors include Agility Robotics, CloudMinds and Apptronik; 3 of its 3 listed competitors have raised funding.
Company details
Sarcos was founded in 2015 in Salt Lake City, United States, as a developer of multi-utility robots. Robotic exoskeletons, unmanned ground vehicles for hazardous terrains, and dual-armed robots for force-multiplying tasks are included in the offerings. Sectors served encompass manufacturing, construction, logistics, aerospace, automotive, mining, and infrastructure inspection, with operations focused on enhancing productivity in challenging environments.
- Headquarters Salt Lake City, United States
- Employees 152
- Founders Marc Olivier, Fraser Smith
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website sarcos.com
- Social LinkedIn X
- Legal Name Palladyne Ai Corp
- Annual Revenue$14.57 M (USD)187as on Dec 31, 2022
- Net Profit-$20.93 M (USD)as on Dec 31, 2020
- EBITDA-$177.04 M (USD)-119as on Dec 31, 2022
- Total Equity Funding$85.72M (USD)
in 3 rounds
- Latest Funding Round$40M (USD), Series C
Sep 2020
- InvestorsMicrosoft
& 8 more
- Employee Count152
- Investments & Acquisitions
Products & Services of Sarcos
Sarcos offers a comprehensive portfolio of products and services, including Palladyne IQ and Palladyne Pilot.
Enables real-time robot autonomy for observation and learning.
Facilitates integration with commercial robots for task execution.
Funding Insights of Sarcos
Sarcos has successfully raised a total of $85.72M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $40 million completed in September 2020. 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 $85.72M
- Total Rounds 3
- Last Round Series C — $40M
- First Round $15.72M
(Sep 2016)
- Investors Count 9
All 3 funding rounds of Sarcos with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2020 | $40M | Series C | – | Rotor Capital | – |
| Sep 2018 | $30M | Series B | – | DIG Investment, Alex. Brown | |
| Sep 2016 | $15.72M | Series A | – | Schlumberger, Caterpillar | – |
9 investors in total: 8 institutional and 1 angel.
Investors in Sarcos
Sarcos has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Microsoft, SLB and Caterpillar.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VC firm focused on multiple sectors | diginvestment.com | Stockholm, Sweden | ||
| cottonwood.vc | ||||
Control investments in private equity are targeted by Rotor Capital. | rotorcapital.com | Los Angeles, United States | ||
Diversified operations are conducted across multiple industries worldwide. | 1892 | ge.com | United States | |
Microsoft is recognized for software, hardware, and gaming solutions. | 1975 | microsoft.com | Redmond, United States | |
Oilfield services and products are supplied worldwide by Schlumberger. | 1926 | slb.com | United States | |
Wealth management services are provided for individuals and institutions. | 1800 | alexbrown.com | United States | |
Construction and mining equipment, engines, and locomotives are manufactured. | 1925 | caterpillar.com | United States | |
BW Ben Wolff | Angel investor and entrepreneur, co-founder of OBE Fitness, active in Indian startup ecosystem | unknown_8c3f1a2378c446ec8 |
Investor details for Sarcos
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People of Sarcos
44 people are tracked at Sarcos (18 in leadership, 8 in board & advisors, 18 in team); the tracked headcount is 152.
| Name | Role | Group |
|---|---|---|
Marc Olivier | Co-Founder | Leadership |
Fraser Smith | Co-Founder | Leadership |
Kiva Allgood | CEO & President | Leadership |
Laura Peterson | Interim President & CEO, Director | Leadership |
Steve Sonne | Chief Legal Officer & Secretary | Leadership |
Drew Hamer | CFO | Leadership |
Jim Miller | Vice President, Defense Sales And Business Development | Leadership |
Ben Jones | Director, SEC Reporting And Technical Accounting | Leadership |
Leia Nichole Bordley | Director, People Success | Leadership |
Jody Greene | Vice President Information Systems | Leadership |
Doug Peters | Vice President Of People And Business Operations | Leadership |
Carolyn Zang Lehecka | Sr. Project Manager - Director Of Process Improvement | Leadership |
Partha Thirumalai | Senior Director Of Product Marketing | Leadership |
Jack Reinhart | VP Program Management | Leadership |
Trevor Thatcher | Vice President, Corporate Controller | Leadership |
Andy Dieker | Vice President Finance | Leadership |
Akiko Nakano | Vice President Of Product Marketing | Leadership |
Alexandra Landis | Senior Counsel, Director Of Compliance And Export Controls | Leadership |
Peter Klein | Director | Board & advisors |
Ben Wolff | Executive Chairman, Director & Co-Founder | Board & advisors |
24 more people are available in the full profile.
Complete people profiles for Sarcos
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Investments & Acquisitions by Sarcos
Sarcos has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include RE2 Robotics.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Robotic manipulation systems are provided for defense and EOD applications. | resquared.com | Pittsburgh, United States | 2001 | Mar 2022 | $100M |
Complete acquisition details for Sarcos
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Timeline of Sarcos
4 dated milestones of Sarcos across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Sarcos is founded.
- Funding First funding round of $15.7M.
- Funding Latest funding round, Series C, of $40.0M.
- Acquisition Acquires RE2 Robotics.
Competitors of Sarcos
Sarcos has 3 listed competitors in our database, 3 of them funded. They include Agility Robotics, CloudMinds and Apptronik.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| agilityrobotics.com | 2015 | Albany, United States | $180M | 225 | Bipedal robots are developed for locomotion, navigation, and manipulation applications. | |
| cloudminds.com | 2015 | Santa Clara, United States | $726.81M | Cloud-connected service robots and AI platforms are provided. | ||
| apptronik.com | 2016 | Austin, United States | $955.75M | 93 | Industrial robots and components are developed by the company. |
Detailed competitors of Sarcos
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Web traffic of Sarcos
Websites that share an audience with Sarcos (sarcos.com).
Websites whose visitors overlap most with Sarcos. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
multiagent.com | multiagent.com | 100% | – | ||
fanucrobotics.com | fanucrobotics.com | 100% | – | ||
battlebots.com | battlebots.com | 100% | #379,454 | – | |
isweb7.infoseek.co.jp | isweb7.infoseek.co.jp | 66% | – | ||
members.lycos.co.uk | members.lycos.co.uk | 66% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for Sarcos
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- 6 similar websites
- Audience overlap
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Top companies in Industrial Automation & Robotics
3 companies that operate in the same segment as Sarcos (Industrial Automation & Robotics) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Autonomous humanoid robots are developed for commercial deployment. | 2022 | Sunnyvale, California, United States | USD 1.75 B | 939 | ||
Human performance is enhanced through awareness-based methods and tools. | 2024 | San Francisco, California, United States | USD 1.07 B | 361 | ||
Developer of LiDAR-based sensors | 2002 | San Francisco, California, United States | USD 129 M | USD 169.38 M | 192 |
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Related news about Sarcos
Complete news archive for Sarcos
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Frequently Asked Questions about Sarcos
Sarcos was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Sarcos is headquartered in Salt Lake City, United States. It is registered at Salt Lake City, Utah, United States.
Kiva Allgood is the CEO of Sarcos, as recorded in our data.
Sarcos is a funded company, having raised a total of $85.72M across 3 funding rounds to date. The company's 1st funding round was a Series A of $15.72M, raised on Sep 2016.
Sarcos has 152 employees.
Annual revenue of Sarcos is $14.57M as on Dec 31, 2022.
Sarcos was founded in 2015 in Salt Lake City, United States, as a developer of multi-utility robots. Robotic exoskeletons, unmanned ground vehicles for hazardous terrains, and dual-armed robots for force-multiplying tasks are included in the offerings. Sectors served encompass manufacturing, construction, logistics, aerospace, automotive, mining, and infrastructure inspection, with operations focused on enhancing productivity in challenging environments.
Sarcos's top competitors include Agility Robotics, Apptronik and CloudMinds.
Sarcos offers Palladyne IQ and Palladyne Pilot.
Sarcos has made 1 acquisition, including RE2 Robotics.
Sarcos has 9 investors. Key investors include Microsoft, SLB, Caterpillar, General Electric, and DIG Investment.
Sarcos operates through Palladyne Ai Corp.