Rethink Robotics Raises $26.6M in Series D Financing

Rethink Robotics LogoRethink Robotics, a Boston, Massachusetts-based provider of robotic solutions for manufacturing and research, raised $26.6m in Series D financing.

The round was led by GE Ventures, with participation from Goldman Sachs, both new investors, earlier investors Bezos Expeditions, CRV, Highland Capital Partners, Sigma Partners, Draper Fisher Jurvetson, and Two Sigma Ventures.

The company, which has raised more than $100m since its founding in 2008, intends to use the funds for international expansion.

Led by Scott Eckert, President and CEO, Rethink Robotics provides manufacturers with an integrated workforce, combining trainable robots with skilled labor. Its Baxter robot, driven by Intera, an advanced software platform, gives manufacturers and distributors in automotive, plastics, consumer goods, electronics, etc., a workforce multiplier that optimizes labor.

The company’s Baxter Research Robot provides academic and corporate research environments with a humanoid robot platform with integrated sensors and an open software development kit for creating custom applications.



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