Standard Bots Raises $200M in Series C Round

Based in New York, Standard Bots develops AI-powered robotic arms for industrial automation. Its robots are used for tasks such as assembly, machine loading, and unloading.

CEO Evan Beard told that the company expects to account for around 10% of all industrial robot deployments in the US by the end of this year.

Standard Bots says its robotic arms can learn new tasks after watching a single demonstration, powered by AI systems running behind the scenes. This reduces the need for the extensive programming that traditional industrial robots typically require for each new task.

The company believes this makes automation more accessible to small and mid-sized manufacturers that may not have dedicated robotics engineers.

The approach, known as demonstration-based learning, is gaining traction in the industrial AI sector. Standard Bots competes with companies such as Covariant, Realtime Robotics, and several Chinese robotics firms that are developing similar technologies.

Standard Bots plans to use the funding to expand its manufacturing facility on Long Island, New York, and grow its engineering team.

By producing robotic arms in the US, the company aims to benefit from efforts to reduce reliance on Chinese robotics and manufacturing supply chains.

Looking ahead, CEO Evan Beard said the company sees potential opportunities in home robotics. However, its current focus remains on industrial automation applications.

“AI-native robots are the essential power tool of the 21st century – the tool that will grow American manufacturing and help every worker to be a force at work,” said Evan Beard, co-founder, CEO, and Chief Engineer of Standard Bots. “AI will allow industrial robots to do 100x more tasks with full autonomy. You just show your robot how it’s done, and it learns through demonstration. The quickest way to get to full autonomy is through deployments, collecting real-world data, and iterating as fast as possible. Standard Bots is the furthest along in that regard with the most vertically integrated, onshore production process, and this new capital just accelerates all of that.”

Founded by CEO and Chief Engineer Evan Beard along with David Golden and James Cordle, Standard Bots develops AI-powered robotic arms and industrial humanoid robots for manufacturing environments.

Its robots use Nvidia’s Isaac AI platform and can be trained through manual demonstrations, allowing operators to teach tasks directly instead of programming them with code.

The company serves customers across industrial, aerospace, and defense sectors, including Lockheed Martin, NASA, Sunoco, and the U.S. Army. According to Standard Bots, it is on track to account for around 10% of new industrial robot deployments in the United States this year.

Read Also - Pogo Raises $32M Funding to Date for AI research platform