Pittsburgh has become a fast-growing hub for many technology and robotics companies, and leaders across the region and state are hoping that expands even more. At the opening night of the Aviation & Robotics Summit in Pittsburgh’s Strip District on Tuesday, Pennsylvania Gov. Josh Shapiro heralded the growth of the
Robotic exoskeleton maker Sarcos announces SPAC plans
While it’s true the VC world has gone SPAC-happy, the reverse merger method hasn’t been a huge driver in robotics thus far, with some notable exceptions like Berkshire-Grey. This morning, however, Utah-based Sarcos Robotics announced plans to board the SPAC train, courtesy of Rotor Acquisition Corp.
The deal could potentially value the robotic exoskeleton maker and blank check co. at a combined $1.3 billion, along with a potential $281 million earn out. Sarcos is, of course, one of a number of companies currently exploring the robotic exoskeleton category. So, what sets the company apart, beyond some heavy-duty James Cameron-style design language?