Company typeIndustrial robotics startup.
Rapid’s mission is to provide manufacturers a robotic solution that can be deployed against simple tasks in hours rather than weeks, and at a fraction of the cost of other automation solutions that require extensive manual programming. Our product is a fully integrated robotic arm work cell that is trained to perform tasks out of the box, and learns new tasks via our cloud infrastructure, AI, and Computer Vision. Rapid’s software provides our customers with an intuitive interface that gives them the tools to deploy and redeploy Rapid’s automated work cells on their manufacturing lines without having to be a robotics expert. To enable accessible and simple user-facing controls requires an extensive and specialized technology stack. Rapid’s platform is powered by AI and Computer Vision that drastically reduces the complexity, cost, and time typically required to set up a robotic arm. In short, we are automating the process for deploying manufacturing automation. Rapid’s solution is already deployed with customers, and is proven to deliver increased profits and decreased costs, making our solution indispensable for the future of manufacturing
Series A USD 12,000,000
|New Enterprise Associates 16 LP||Initial investment. Led the round.|
|Bee Partners||Initial investment.|
|Greycroft Growth LP||Initial investment.|