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
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- Legal Name Palladyne Ai Corp
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Annual Revenue
$14.57 M (USD)187as on Dec 31, 2022
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Net Profit
-$20.93 M (USD)0as on Dec 31, 2020
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EBITDA
-$177.04 M (USD)-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.
Enables real-time robot autonomy for observation and learning.
Facilitates integration with commercial robots for task execution.
People of Sarcos
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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.
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.
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VC firm focused on multiple sectors
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Control investments in private equity are targeted by Rotor Capital.
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Investor details for Sarcos
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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.
Investment portfolio details for Sarcos
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- Transaction dates
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Verified entity values are shown only after access is granted.
| 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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Locked | Locked | 2001 | Locked |
Complete acquisition details for Sarcos
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Financial Statements - Sarcos
Detailed financials for Sarcos
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Sarcos Comparisons
Peer comparison for Sarcos
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Bipedal robots are developed for locomotion, navigation, and manipulation applications.
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Service robots for education, home assistance, and security are developed.
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Humanoid social robots are provided for homes and businesses.
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Mobile robots are manufactured for industries including healthcare and agriculture.
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Cloud-connected service robots and AI platforms are provided.
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Detailed competitors of Sarcos
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Latest news on 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 current CEO of Sarcos.
Sarcos is a funded company, having raised a total of $85.72M across 3 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Sarcos is 152.
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, UBTECH and Apptronik.
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.