Rapid Robotics raises $5.5 million seed round
Rapid Robotics raised $5.5 million in seed financing to commercialize preconfigured robotic machine operators for small and midsize manufacturers.
Why it matters
Rapid Robotics completed a $5.5M Seed financing on 2020-11-18.
Verified eventRapid RoboticsNov 18, 2020
Evidence notes
- Greycroft and Bee Partners backed the $5.5 million seed round announced by Rapid Robotics.
- The Rapid Machine Operator combined vision, deep learning and a preconfigured workcell that the company priced from $25,000 per year.
- Rapid said manufacturers could install the system in less than a day without programming or conventional systems-integration work.
Company context
Preconfigured robotic workcells for machine tending and repetitive factory operations.