All Articles
Robotics

Robot Mania Is Running Rampant On Wall Street

October 12, 2024
x min read
Optimus Robot Tesla

The public markets are starting to believe in the future of robotics. And it might be the next big revolution in technology.

What’s happening:

  • Publicly traded companies have been ramping up innovation around robotics recently, leading to a flurry of new product launches, partnerships and distribution deals

Why it matters:

  • Robotics technology has been a highly important trend in Silicon Valley for decades, but excitement around the potential for robots has not begun to hit the public markets until much more recently
  • The future of robotics has many different potential implications, from automating manual labour to accelerating manufacturing to reducing the carbon emissions of deliveries

Who is making moves:

  • Tesla (NASDAQ: TSLA) just recently made waves unveiling their Optimus robot which leverages artificial intelligence and machine learning to be able to perform tasks fully autonomously
  • RichTech Robotics (NASDAQ: RR) has cut two notable deals for both their ADAM and Scorpion robots, previously installing ADAM into a major league sports arena for the first time ever and landing a distribution deal with Sproutmation for their Scorpion robot
  • Serve Robotics (NASDAQ: SERV) recently launched a new partnership with Google (NASDAQ: GOOG) owned drone company Wing in which Serve Robotics’s fleet of autonomous robots will bring packages directly to Wing drones who will then fly them short distances for delivery

Going deeper:

The intrigue:

  • Robotics startups have also been ramping up ambitious attempts at redefining the future and finding new applications for robotics technology, with companies pursuing everything from using robots to paint roads to drawing blood from human beings

Discover the world's most disruptive early stage companies with 35,000+ investors.

The markets and trends that matter, made simple.

Join top talent at the world's most respected institutions, companies, and venture capital funds.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.