Rapid Robotics raises another $36.7M
Four months later, the Bay Area-based robotic production firm is back with a $36.7 million Series B, led by Kleiner Perkins and Tiger Global. Rapid’s value prop is a Rapid Machine Operator (RMO) robotic that can be deployed in a manufacturing setting in a matter of hours, without the need for shows and other robotics understanding. The system is readily available under the RaaS (robotics as a service) design for $25,000 a year.