About Sarcos
Sarcos is a company based in Salt Lake City (United States) founded in 2015 by Marc Olivier and Fraser Smith.. Sarcos has raised $85.72 million across 3 funding rounds from investors including Microsoft, SLB and Caterpillar. The company has 152 employees as of December 31, 2022. Sarcos has completed 1 acquisition, including RE2 Robotics. Sarcos offers products and services including Palladyne IQ and Palladyne Pilot. Sarcos operates in a competitive market with competitors including Agility Robotics, UBTECH, Softbank Robotics, Blue Ocean Robotics and CloudMinds, among others.
- Headquarter Salt Lake City, United States
- Employees 152 as on 31 Dec, 2022
- Founders Marc Olivier, Fraser Smith
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Sectors
Industrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Palladyne Ai Corp
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Annual Revenue
$14.57 M187as on Dec 31, 2022
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Net Profit
$-20.93 M0as on Dec 31, 2020
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EBITDA
$-177.04 M-119as on Dec 31, 2022
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Total Equity Funding
$85.72 M (USD)
in 3 rounds
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Latest Funding Round
$40 M (USD), Series C
Sep 01, 2020
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Investors
Microsoft
& 8 more
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Employee Count
152
as on Dec 31, 2022
- Investments & Acquisitions
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Products & Services of Sarcos
Sarcos offers a comprehensive portfolio of products and services, including Palladyne IQ and Palladyne Pilot. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables real-time robot autonomy for observation and learning.
Facilitates integration with commercial robots for task execution.
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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 Total Funding
- Total Rounds 3
- Last Round Series C — $40.0M
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First Round
First Round
(12 Sep 2016)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Series C - Sarcos | Valuation | Rotor Capital |
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| Sep, 2018 | Amount | Series B - Sarcos | Valuation | DIG Investment , Alex. Brown | |
| Sep, 2016 | Amount | Series A - Sarcos | Valuation | Schlumberger , Caterpillar |
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| 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 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. 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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VC firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Control investments in private equity are targeted by Rotor Capital.
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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 Sarcos
Sarcos has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include RE2 Robotics. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Robotic manipulation systems are provided for defense and EOD applications.
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2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Sarcos
| 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 |
Sarcos Comparisons
Competitors of Sarcos
Sarcos 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 Agility Robotics, UBTECH, Softbank Robotics, Blue Ocean Robotics and CloudMinds, 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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Bipedal robots are developed for locomotion, navigation, and manipulation applications.
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| domain | founded_year | HQ Location |
Service robots for education, home assistance, and security are developed.
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| domain | founded_year | HQ Location |
Humanoid social robots are provided for homes and businesses.
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| domain | founded_year | HQ Location |
Mobile robots are manufactured for industries including healthcare and agriculture.
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| domain | founded_year | HQ Location |
Cloud-connected service robots and AI platforms are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Sarcos
Frequently Asked Questions about Sarcos
When was Sarcos founded?
Sarcos was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Sarcos located?
Sarcos is headquartered in Salt Lake City, United States. It is registered at Salt Lake City, Utah, United States.
Who is the current CEO of Sarcos?
Kiva Allgood is the current CEO of Sarcos.
Is Sarcos a funded company?
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 12, 2016.
How many employees does Sarcos have?
As of Dec 31, 2022, the latest employee count at Sarcos is 152.
What is the annual revenue of Sarcos?
Annual revenue of Sarcos is $14.57M as on Dec 31, 2022.
What does Sarcos do?
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.
Who are the top competitors of Sarcos?
Sarcos's top competitors include Agility Robotics, UBTECH and Apptronik.
What products or services does Sarcos offer?
Sarcos offers Palladyne IQ and Palladyne Pilot.
How many acquisitions has Sarcos made?
Sarcos has made 1 acquisition, including RE2 Robotics.
Who are Sarcos's investors?
Sarcos has 9 investors. Key investors include Microsoft, SLB, Caterpillar, General Electric, and DIG Investment.
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