Rapid Robotics Raises $36.7M in Series B Funding

Rapid Robotics, a San Francisco, CA-based creator of a ready-to-work robotic machine operator, raised $36.7M in Series B funding.

The round was led by Kleiner Perkins and Tiger Global, with participation from existing investors NEA, Greycroft, Bee Partners and 468 Capital.

The company, which has raised $54.2M in total funding to date, intends to use the funds to continue to expand operations and its business reach.

Led by Jordan Kretchmer, CEO, Rapid Robotics is the creator of a robotic machine operator (RMO) designed for simple machine tasks. Available for just $25K a year and requiring no programming, systems integration, specialized hardware or robotics skills, the Rapid Machine Operator enables manufacturers to deploy a pre-trained cobot in hours, moving it between tasks as needed and seeing ROI in months.