Last week, Rethink Robotics Inc.'s announcement that it had shut down came as a surprise to many people. However, others in the automation industry recognized the company's struggles as an opportunity to review robot startup lessons.
Boston-based Rethink Robotics sold the Baxter and Sawyer collaborative robot arms. Its cobots were well-known, particularly among researchers, but they apparently failed to find enough customers in manufacturing.
In addition, The Boston Globe reported that the...
This resource is exclusive content for RBR Insiders
Thank you for your interest in this resource. To continue access and unlock "actionable business intelligence", please sign up to become an RBR Insider. By becoming a RBR Insider you will get access the information resources, databases and financial transaction reporting to keep you ahead of the competition.