This is the Realtime Robotics pitch deck to raise a $31m series-a round in 2021.
About
Realtime Robotics is a developer of a specialized processor for generating safe robot motion plans in micro-seconds. They are transforming automation in its broadest sense by enabling machines to recognize, respond and decide how and where to move in milliseconds, even in variable environments. Their RapidPlan processor harnesses cutting-edge computer processing and software to end the trade-off between speed and safety that’s holding automation back today.
Realtime Robotics is resolving these limitations with specialized hardware enabling fast, collision-free motion in unstructured environments, enabling vastly broader applications of robotics in industry, and autonomous vehicles that drive naturally, enabling more rapid adoption and proliferation.
Mobility tech startup Realtime Robotics recently raised fresh funding to help manufacturers, suppliers, and logistics companies improve the efficiency of their robots through motion planning technology that tells them how and when to move.
The firm announced an extension to its Series A in June 2021, adding $19.7 million to the $11.7 million it announced in late 2019, for $31.4 million total raised. The extension boosted its valuation to $80 million, the company said, and included existing investors SPARX Asset Management, Omron Ventures, Toyota AI Ventures, Scrum Ventures, and Duke Angels, and new investors HAHN Automation, SAIC Capital Management, Soundproof Ventures, and Heroic Ventures.
Realtime Robotics plans to use the funding to speed product development and expand the company’s offering to other markets outside the US.
The promise of robotics and automation have loomed over various industries for years, but the pandemic provided even more of a boost: From March 2020 to March 2021, robotics startups collectively raised $6.3 billion in venture funding, according to PitchBook, an increase of nearly 50% from the year prior.
Realtime Robotics in particular garnered increased interest for its warehouse and logistics use cases. Its specialized processor, which tells robots how to move so companies don’t have to engineer them themselves, can save warehouse operators, for example, time, money, and manpower.
The increased opportunity led the firm to add to its Series A, which included many of its original investors, including Toyota, which it first hooked during its earliest stages of growth.
“Our big break for the seed round came because Dr. James Kuffner, who was the CTO of the Toyota Research Institute at the time, is a world-leading motion planning researcher and understood the importance of the problem and of our technical accomplishment,” George Konidaris, founder, CTO and chief roboticist at Realtime Robotics told Insider. “We gave a presentation to him and he got it, instantly.”
Funding Rounds
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Announced Date
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Transaction Name | Number of Investors | Money Raised | Lead Investors |
| Jun 3, 2021 | Series A – Realtime Robotics | 9 | $31.4M | — |
| Sep 18, 2020 | Venture Round – Realtime Robotics | — | $2M | — |
| Jan 1, 2020 | Grant – Realtime Robotics | 1 | $100K | — |
| Oct 16, 2019 | Series A – Realtime Robotics | 7 | $11.7M |
Mirai Creation Fund
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| Oct 31, 2017 | Seed Round – Realtime Robotics | 3 | $2M |
Mirai Creation Fund
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