Roboforce Secures $10 Million to Advance AI Robotics for Manual Labor

Roboforce Secures $10 Million to Advance AI Robotics for Manual Labor

Roboforce, a startup founded in 2023, has raised $10 million to expand its team and develop AI-powered robots for manufacturing and outdoor tasks. Led by economist Myron Scholes, the funding effort includes notable investors like Gary Rieschel and Carnegie Mellon University. The company aims to double its workforce, develop a greater fleet of robots, and initiate pilot programs while focusing on reducing human oversight in laborious tasks.

Roboforce Revolutionizes Manual Labor with AI Robotics

A $10 Million Milestone for a Game-changing Startup

Roboforce is paving the way in AI-driven robotics, securing an impressive $10 million in a recent funding round designed to enhance their pioneering workforce. The 2023-founded startup aims to transform manual labor in manufacturing and challenging outdoor environments, utilizing cutting-edge artificial intelligence.

Backed by Prominent Investors

In an early-stage funding round, Nobel laureate economist Myron Scholes took the lead, joined by Gary Rieschel, a former leader of Softbank's U.S. venture capital division, and Carnegie Mellon University, the renowned institution where co-founders Leo Ma and Calvin Zhou studied.

Transformative Robotic Capabilities

Operating from Milpitas, California, Roboforce specializes in AI-powered robots adept at executing precise manufacturing tasks. The robots boast the ability to handle intricate duties, such as fastening nuts and bolts with millimeter-level accuracy, leveraging a sophisticated AI model developed by the company.

These robust robots are also designed for demanding outdoor projects, including setting up solar sites in arid landscapes. While the current systems benefit from some human oversight, the ultimate objective is full autonomy for these machines.

Strategic Expansion Plans

With a current team of 15, Roboforce intends to double their workforce, accelerating robot development and initiating pilot programs with initial clients. The company aims to expand their robotic fleet significantly within the year, employing a subscription model for customer partnerships, as detailed by Veeral Hardev, head of business development.

Trailblazers in AI Robotics

Leo Ma, with a background in autonomous industrial vehicle innovation at Cyngn, is dedicated to AI robotics, born from a life-long fascination with production automation—inspired by his family's manufacturing roots. Over a decade, Ma has analyzed automation firsthand in over 200 factories, emphasizing that human labor shouldn't be reserved for monotonous or hazardous tasks.

Ma's fellow founder, Calvin Zhou, shares this vision, with a resume that includes work at Cruise, General Motors' autonomous vehicle division. Their shared history began during their computer science studies at Carnegie Mellon.

Innovators and Competitors in the Field

Roboforce is among several entities pushing the envelope in robotics, including Elon Musk's unveiling of Optimus at Tesla's Robotaxi Day, and Figure, a 2023 Series A recipient aiming to autonomously manage general tasks. Sanctuary AI, another startup, continues to seek investment in the labor-focused robotics market, as reported by The Logic.

Discover the story and strategy behind Roboforce's triumphant $10 million pitch deck.

Published At: Feb. 4, 2025, 3:41 p.m.
Original Source: Roboforce makes AI robots that can do manual labor. Here's the pitch deck the startup used to raise $10 million. (Author: Julia Hornstein)
Note: This publication was rewritten using AI. The content was based on the original source linked above.
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