Rapid Robotics

Rapid Robotics develops AI-powered robots for industrial and supply chain so manufacturers can automate their end-of-line operations. The company offers fully-productized solutions for tasks like picking, packing, sorting, palletizing/depalletizing, and kitting. Rapid’s AI and computer vision technology support handling high-mix operations. The hardware is pre-programmed to carry out dozens of common workflows, so in-house expertise isn’t necessary.

Customers can either buy the robots outright—allowing them to depreciate their hardware and lower their subscription fees—or buy into a hardware subscription. A subscription includes implementation, ongoing software updates and optimization, and 24/7 service and support with no-cost maintenance and repairs. Prices vary across solutions depending on the complexity of the operation and the number and size of robots required for the job, but solutions start at around $50k/year (paid at a flat monthly fee) plus a one-time onboarding fee.

“Our goal is to make robotic solutions that can adapt with the complexity of operations today at a price that can break down to under $10/hour after the first year,” says CEO Kim Losey. She adds that “the value proposition of RaaS subscriptions is lowering the barrier to entry for manufacturers while guaranteeing predictable annual operating costs, since customers get service and support for the full life of the deployment. It’s a very low-risk model.”