Standard Bots reels in $63M for its AI-powered robotic arms
The VC Firm Was Joined by the Amazon Industrial Innovation Fund and Samsung Next
Standard Bot’s flagship product is a $37,000 robotic arm called the RO1. It can lift up to 40 pounds and has a reach of about four feet. The RO1 comes with a portable base, which removes the need to embed the robot into a factory floor’s concrete floor and thereby reduces installation costs.
Under the hood, the system ships with a built-in graphics processing unit. The RO1 uses the chip to run artificial intelligence models that allow it to complete tasks even in the face of unexpected challenges. The algorithms can maneuver the robotic arm around any objects that might be in its way, as well as adapt to production line changes.
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