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RIOS

1215 Chrysler Drive
Menlo Park, CA 94025
USA
Website Company Summary Management Team
Management

CEO: Bernard Casse (7/31/2018)
President/COO/Operations: Judie Kemp (02/28/2019)
Technology: Chris Paulson (01/31/2019) ; Christopher Lalau Keraly (11/30/2018) ; Clinton Smith (10/31/2018)
Board

Outside board: (May no longer be on the board) Howard Ko (Morpheus Ventures Partner);  Jennifer Gill Roberts (Grit Ventures Managing Partner) Steve O'Hara (Valley Capital Partners Managing Partner) Mike Zimmerman (Main Sequence Ventures Partner)
Advisory board: Anish Patel (Yamaha Motor Ventures COO & Managing Director)
Company

Business description: RIOS develops and deploys dexterous AI-powered robots to factory assembly lines and warehouses to help global customers automate their supply chain or logistics operations. We’ve developed a first-of-its-kind haptic intelligence platform for robots – this enables our robot to handle hard-to-automate tasks that typically require human-level-dexterity and involve manipulating thousands of SKUs. Our robots possess higher levels of dexterity, cognitive skills, and autonomy than today's robots and operate in unstructured environments. As a business, RIOS provides “factory automation-as-a-service” in a broad range of industries including manufacturing, food services, agriculture, and biochemical. This all-inclusive automation service requires no upfront capital commitment and is mostly operating expenses. RIOS not only automates individual lines, but also pushes the boundary of automation by building full “lights out” factories for its customers by partnering with its network of preferred systems integrators. RIOS thrives on delivering seamless automation at scale combined with a frictionless customer experience. RIOS develops and deploys dexterous, AI-powered robots at scale. Our core premise is that embedding human-like capabilities into robots leads to superior machines. An approach based on developing a central AI platform (brain), AI-driven perception system (eye), and haptic intelligence (touch), supported by RIOS’ patent pending dedicated hardware is the only way to achieve a dexterous multi-purpose robot. A software-only approach on “generic” hardware and reliance on vision only simply doesn’t cut it – and it’s not how humans interact with the world. Our hardware-software technology stack is the best-in-class and its level of performance is unlike anything that the world has seen so far. We’ve built a sophisticated infrastructure under the hood that allows our robots to perform a diversity of tasks and perform increasingly complex manipulations tasks. Our robots learn on the job, construct models of the world, and extend or adapt these models to perform other tasks. Our machines’ performance continuously improves over time.
Capital

Rounds: 2
Recent Fundings: Feb 2022   Jun 2020
Capital raised: 33.0M
Last Round: 28.0M
Ownership: Private  
VCs include: Motus Ventures ;  Microventures ;  Morpheus Ventures Alumni Ventures Group Valley Capital Partners ;  Fuji Corporation ;  NGK Spark Plug Co. Grit Ventures ;  Hypertherm Ventures;  Main Sequence
Corporate investors: Yamaha Motor Ventures;  Orbit Venture Partners

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Overview
Record updated: Feb 2022
Sector: Industrial Automation
Year Founded: 2018
Headcount: 26-50 as of Feb 2022
Rounds: 2
Recent Fundings: Feb 2022   Jun 2020
Capital Raised: 33.0M
Last Round: 28.0M
Ownership: Private