Robohub.org
 

Rethink Robotics raises another $18 million


by
12 January 2017



share this:
Sawyer. Image: Rethink Robotics

Sawyer. Image: Rethink Robotics

Rethink Robotics, the Boston-based maker of the Baxter and Sawyer robots founded by iRobot co-founder Rodney Brooks, raised an additional $18 million in an unfinished $33 million Series E round led by private equity firm Adveq. 

Previous investors who also participated in the round included Jeff Bezos’ Bezos Expeditions, CRV, Highland Capital Partners, Goldman Sachs and GE Ventures.

This brings cumulative funding to $131.5 million. The new funding will be used for Rethink’s global expansion initiatives, as well as new product development.

Scott Eckert, President and CEO of Rethink said:

“As we did previously with our Series D round, we expect two closings for different investors. $18M was the initial closing and we will announce additional financing when the transactions are complete.

Sawyer is outselling Baxter ten to one, and we tripled our revenue in 2016. In China, the appetite for Sawyer has been quite high. We’ve sold a large quantity of Sawyer robots. In addition, we are looking to 2017 to be a big year for our deployments in Europe, as we expect to have additional distribution agreements in place in that region soon, as well.”



tags: , , , ,


Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.
Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.





Related posts :



#ICML2025 outstanding position paper: Interview with Jaeho Kim on addressing the problems with conference reviewing

  15 Sep 2025
Jaeho argues that the AI conference peer review crisis demands author feedback and reviewer rewards.

Apertus: a fully open, transparent, multilingual language model

  11 Sep 2025
EPFL, ETH Zurich and the Swiss National Supercomputing Centre (CSCS) released Apertus today, Switzerland’s first large-scale, open, multilingual language model.

Robots to the rescue: miniature robots offer new hope for search and rescue operations

  09 Sep 2025
Small two-wheeled robots, equipped with high-tech sensors, will help to find survivors faster in the aftermath of disasters.

#IJCAI2025 distinguished paper: Combining MORL with restraining bolts to learn normative behaviour

and   04 Sep 2025
The authors introduce a framework for guiding reinforcement learning agents to comply with social, legal, and ethical norms.

Researchers are teaching robots to walk on Mars from the sand of New Mexico

  02 Sep 2025
Researchers are closer to equipping a dog-like robot to conduct science on the surface of Mars

Engineering fantasy into reality

  26 Aug 2025
PhD student Erik Ballesteros is building “Doc Ock” arms for future astronauts.

RoboCup@Work League: Interview with Christoph Steup

and   22 Aug 2025
Find out more about the RoboCup League focussed on industrial production systems.

Interview with Haimin Hu: Game-theoretic integration of safety, interaction and learning for human-centered autonomy

and   21 Aug 2025
Hear from Haimin in the latest in our series featuring the 2025 AAAI / ACM SIGAI Doctoral Consortium participants.



 

Robohub is supported by:




Would you like to learn how to tell impactful stories about your robot or AI system?


scicomm
training the next generation of science communicators in robotics & AI


 












©2025.05 - Association for the Understanding of Artificial Intelligence