About Standard Bots
Standard Bots is a company based in New York (United States) founded in 2011 by Evan Beard and David Golden. It operates as a AI-as-a-Service, and Direct-to-Consumer (D2C). Standard Bots has raised $63 million across 1 funding round from investors including General Catalyst, Amazon Industrial Innovation Fund and Samsung NEXT. Standard Bots offers products and services including Thor and Arc OS. Standard Bots operates in a competitive market with competitors including Vicarious, RightHand Robotics, Agile Robots, Gecko Robotics and Yaskawa, among others.
- Headquarter New York, United States
- Founders Evan Beard, David Golden
-
Sectors
Industrial Goods & Manufacturing
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$63 M (USD)
in 1 rounds
-
Latest Funding Round
$63 M (USD), Series B
Jul 13, 2024
-
Investors
General Catalyst
& 7 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Standard Bots
Standard Bots offers a comprehensive portfolio of products and services, including Thor and Arc OS. 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.
Advanced robot arm for industrial automation tasks.
Intuitive software for robotic operation and development.
Unlock access to complete
Funding Insights of Standard Bots
Standard Bots has successfully raised a total of $63M through 1 strategic funding round. The most recent funding activity was a Series B round of $63 million completed in July 2024. 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 1
- Last Round Series B — $63.0M
-
First Round
First Round
(13 Jul 2024)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series B - Standard Bots | Valuation | General Catalyst |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Standard Bots
Standard Bots has secured backing from 8 investors, including venture fund investors. Prominent investors backing the company include General Catalyst, Amazon Industrial Innovation Fund and Samsung NEXT. 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 |
|---|---|---|---|---|
|
Investment and transformation services for entrepreneurs in technology and finance sectors.
|
Founded Year | Domain | Location | |
|
A venture capital fund by Amazon supporting technology innovation.
|
Founded Year | Domain | Location | |
|
Venture capital fund investing in early-stage tech startups
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Standard Bots
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Standard Bots
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Standard Bots Comparisons
Competitors of Standard Bots
Standard Bots 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 Vicarious, RightHand Robotics, Agile Robots, Gecko Robotics and Yaskawa, 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 |
AI-based robotic arms are developed for industrial automation tasks.
|
|
| domain | founded_year | HQ Location |
AI-enabled robotic grippers for object picking are provided.
|
|
| domain | founded_year | HQ Location |
Deep learning-based vision for autonomous robot perception is provided.
|
|
| domain | founded_year | HQ Location |
Wall-climbing robots are developed for boiler inspections at power plants.
|
|
| domain | founded_year | HQ Location |
Motion control, robotics, and system engineering solutions are provided globally.
|
|
| domain | founded_year | HQ Location |
Provider of pick and place robotic solutions
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Standard Bots
Frequently Asked Questions about Standard Bots
When was Standard Bots founded?
Standard Bots was founded in 2011 and raised its 1st funding round 13 years after it was founded.
Where is Standard Bots located?
Standard Bots is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Standard Bots?
Evan Beard is the current CEO of Standard Bots. They have also founded this company.
Is Standard Bots a funded company?
Standard Bots is a funded company, having raised a total of $63M across 1 funding round to date. The company's 1st funding round was a Series B of $63M, raised on Jul 13, 2024.
What does Standard Bots do?
Standard Bots is focused on the development of AI-powered industrial robots designed for automation in manufacturing environments. The company offers advanced hardware and intuitive software solutions, including six-axis programmable robot arms and the Arc OS platform. These solutions are integrated to handle a variety of tasks such as machine tending, palletizing, welding, and material removal. Operating primarily in the industrial automation sector, Standard Bots aims to enhance productivity and safety across diverse manufacturing use cases. Their products are designed and assembled in the USA, with a facility located in Glen Cove, New York.
Who are the top competitors of Standard Bots?
Standard Bots's top competitors include Vicarious, Yaskawa and Gecko Robotics.
What products or services does Standard Bots offer?
Standard Bots offers Thor and Arc OS.
Who are Standard Bots's investors?
Standard Bots has 8 investors. Key investors include General Catalyst, Amazon Industrial Innovation Fund, Samsung NEXT, Lachy Groom Fund, and Quiet Capital.