READY Robotics 𝐡𝐚𝐬 𝐬𝐡𝐮𝐭 𝐝𝐨𝐰𝐧. From at least $41.5 Million in investments from companies like Rockwell Automation and NVIDIA. To being auctioned off. 𝐈 𝐡𝐚𝐯𝐞 𝐦𝐚𝐧𝐲 𝐭𝐡𝐨𝐮𝐠𝐡𝐭𝐬: 1️⃣ I feel bad for the employees, a startup shutting down is never fun. 2️⃣ Is this a sign to come for VC money? I've talked about what I think is the inevitable rollup of these VC-funded startups. It will be interesting at the end of 2024 as we see funding rounds close (or not). 3️⃣ I like the moonshot of a robot OS across brands. This is just a reminder of how difficult building a company can be when you rely on access to other organizations. It was reported that funding fell apart at the very end. Rockwell invested, Rockwell was using the READY Pallets. Shout out to The Robot Report, who has the best (and maybe the only) article about this. 👇👇 ********** Follow Dave Griffith and 🔔. Manufacturing Hub Network. #manufacturing #automation #robotics #ai
Dan Winchester
4mo
Oh no that’s not good at all! I feel bad for all of those impacted by this! I never got to work with their system but the concept was great for sure!
Alex D.
4mo
VC are putting a lot of pressure right now. And it will only get worst before Christmas. Hope everyone will be able to find a job before the holidays.
Well when you build a solution without the ability to create a digital twin or program from a PC and not have a simulation mode…it was bound to happen eventually…should have listened to the customers and build for success…
Joe Campbell
4mo
This is not the first time a company failed after trying to interject their technology between native robot software and the user. It happened throughout the 90's and early 2000's. Taking a confrontational approach to work against the robot companies was flawed strategy.
Robert Gullette
4mo
Their business model was flawed from the beginning. They created an unnecessary software that duplicated the robot's native software. It was a cool concept that had no practical applications. It was tech for the sake of tech. People who buy robots and robot software are in the business of making money, or at least not spending money unnecessarily.
Brian McMorris
4mo
Wasn't great for us, who invested heavily in training, demos, inventory and marketing and other sales partners, I am sure. I believe in the idea but the market was not ready and neither was the product.
Read more here: https://www.therobotreport.com/ready-robotics-maker-of-forgeos-shuts-down/#:~:text=READY%20Robotics%2C%20a%20Columbus%2C%20Ohio,and%20launched%20a%20palletizing%20system.
Phil L.
4mo
(from looking at the video...) How big is the market for moving boxes of tissues anyway?
Adam Haney
4mo
There's a few great presentations by Guy Kawasaki on how owners should perceive their VC's that are worth watching. But to the conversation at hand, the overwhelming majority of companies fail prior to 5 years in business. A mid-size company failing to thrive isn't exceptional; it is the rule.
Founder @ Godaitec Private Limited | Enterprise Data Solution
4moThis VC and funding is mostly to my knowledge takes away from the startup minds the real hard earning. Let the organic growth. Step by step no catalyst is good for body, health or business.