Richtech Robotics

Richtech Robotics builds commercial service robots for hospitality, retail, healthcare, cleaning and industrial environments. Its products include ADAM beverage robots, Matradee restaurant robots, delivery robots and autonomous cleaning systems for customer-facing and facility workflows.

Facts

Segment: Service
Country: United States
Founded: 2016
Ticker: RR
Website: https://www.richtechrobotics.com

Market context

Richtech is a listed service robotics company with direct product exposure across restaurant delivery, cleaning, beverage automation and humanoid-adjacent mobile manipulators.

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Products

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Financials

RR - NASDAQ - USD

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Timeline

2026-04-07 - Market Signal - Richtech Robotics buys Las Vegas warehouse for AI and robotics expansion - Richtech Robotics entered an agreement to acquire a 79,325-square-foot Las Vegas warehouse facility for approximately $21.2 million. The facility is intended to support warehousing, assembly, light manufacturing, R&D, testing, robotics-focused data… - source: stocktitan.net
2026-01-29 - Regulatory - Richtech Robotics announces and closes a $38.7 million private placement priced at-the-market under Nasdaq rules - Richtech Robotics closed a $38.7 million private placement for 8.5 million shares of Class B common stock. The financing was priced at-the-market under Nasdaq rules and represented a completed capital raise. The transaction added public-company funding… - source: ir.richtechrobotics.com
2026-01-27 - Partnership - Richtech Robotics collaborates with Microsoft to bring agentic AI into real-world robotics applications - Richtech Robotics announced a collaboration with Microsoft AI Co-Innovation Labs to enhance ADAM and extend agentic AI into physical commercial environments. The company framed the effort as a joint engineering program rather than a simple software… - source: ir.richtechrobotics.com

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Team

Wayne Huang - Founder and Chief Executive Officer - Leads Richtech Robotics' product, technology and commercial strategy.
Michael Huang - Founder and Chief Financial Officer - Oversees finance while coordinating product, supply-chain and development execution.
Phil Zheng - Chief Operating Officer - Leads Richtech's commercial operations, deployment support and customer success.

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Relations

Microsoft - Technology Partner - Richtech Robotics collaborated with Microsoft AI Co-Innovation Labs.
Ghost Kitchens America - Deployment Partner - Ghost Kitchens America signed an LOI for 20 Walmart restaurants using Richtech AlphaMax.
One Kitchen / Walmart - Food Service Deployment Site - Richtech Robotics installed ADAM at One Kitchen inside a Walmart location.

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Deployments

Named Customer Installation - 1 ADAM installation at One Kitchen in Walmart - 2024-08-20 - One Kitchen / Walmart - food-service automation - Richtech Robotics installed ADAM at One Kitchen inside a Walmart location as a named food-service robot deployment. - source posture: Company… - source: ir.richtechrobotics.com
Deployment Event - 1 source-backed deployment event - 2024-07-22 - Richtech Robotics completes installation of ADAM at a Ghost Kitchens Walmart location - source posture: Company Disclosed - source: ir.richtechrobotics.com

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