Rapid Robotics provides box automation for manufacturers. Founded by Jordan Kretchmer, Ruddick Lawrence, and Simon Shah in 2019, Rapid Robotics is backed by investors that include New Enterprise Associates, Greycroft, 468 Capital, and Bee Partners and is headquartered in San Francisco.
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The $2,100-A-Month Factory Robot: Rapid Robotics Pushes To Automate Small Manufacturers, Helped By $12 Million In New Funding
Courtesy of Rapid Robotics
Forget big, fancy robots. Rapid Robotics wants to spread its robots, which are inexpensive and programmed to do very simple jobs, at small manufacturers across the country.
“The big brand name customers like Home Depot and Sam’s are not the customers that we are going after,” says cofounder and CEO Jordan Kretchmer. “Those are the 2%-ers. We are going after the 98%.”
Its machines do simple work, like heat stamping, fastener insertion and pad printing that are basic, exacting and repetitive and the type of jobs that small factories have had trouble hiring enough people to do. To date, the San Francisco-based startup has deployed nearly 100 robots at clients in the Bay Area, bringing in revenue that