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Rapid Robotics Raises $36 7M in Series B Funding
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Rapid Robotics raises another $36 7M – TechCrunch
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Rapid Robotics raises $36 7M for its AI-powered industrial robots
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Rapid Robotics CEO Jordan Ruddick (left) with the Rapid Machine Operator. Photo Credit: Rapid Robotics
On April 6 Rapid Robotics (San Francisco, Calif., U.S.) announced $12 million in Series A funding led by New Enterprise Associates (NEA), with existing investors Greycroft, Bee Partners and 468 Capital also participating. The latest investment brings Rapid Robotics’ total funding to $17.5 million, with Rapid’s solutions producing more than 50,000,000 parts over the past year across almost every industry sector including plastics, metals, medical devices, automotive, pharma, semiconductors and electronics/EMS.
According to Rapid Robotics, its entry into the market comes at a pivotal moment for U.S. manufacturing, as the Biden administration rolls out ambitious plans to revitalize the sector, boosting competitiveness in areas including automotive, pharmaceuticals, public health and semiconductors.