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Rethink Robotics

The business, the turning points, and the decisions behind them.

Founded2008
Event year2018
FundingUS$150M
ValuationUS$500M
Cash burnedUS$150M

01 / WHAT IT BUILT

What the company did

Rethink Robotics was a Boston-based collaborative robotics company founded in 2008 by iRobot co-founder Rodney Brooks and Ann Whitaker (originally as Heartland Robotics). It pioneered the 'cobot' category with its anthropomorphic robots: the two-armed Baxter (2012) and the one-armed Sawyer (2015), known for their animated faces, red exteriors and ease of programming via the Intera software platform. It raised nearly $150 million, including an $18 million Series E in August 2017, but its robots sold mainly to academic researchers and struggled in the industrial market.

02 / Rethink Robotics FAILURE REASONS

Why it failed

Rethink ran out of money because its robots never achieved market success. Sales of Baxter and Sawyer fell short of expectations — the robots were popular with academic researchers but struggled in industrial settings, with precision problems tied to their series-elastic actuators. CEO Scott Eckert said the company was short on cash and that an expected last-minute acquisition fell through, forcing the October 2018 shutdown despite nearly $150 million raised.

03 / EVENT HISTORY

Events in the structured record

  1. Founded

    Rethink Robotics (as Heartland Robotics) was founded in Boston by Rodney Brooks and Ann Whitaker to build collaborative robots.

  2. Baxter and Sawyer

    The company launched the two-armed Baxter and later the one-armed Sawyer, pioneering the collaborative robot category.

  3. Shut down

    Rethink Robotics shut down on October 3, 2018 after running out of cash, with an expected acquisition falling through.

  4. Asset acquisition

    Germany's HAHN Group acquired all of Rethink's robotic technology — patents, trademarks and the Intera 5 software — forming Rethink Robotics GmbH.

04 / CONTEMPORARY REBUILD ASSESSMENT

Difficulty of rebuilding this project today

Material for this section is being gathered and checked. It will appear here once ready.

Rebuild difficultyPending assessmentNot completed
Scoring basisNot completed
ScalabilityPending assessmentNot completed
Scoring basisNot completed

Overall assessment: Not completed

05 / CAUSAL CHAIN

How the factors connect

  1. 01

    Rethink Robotics shut down on October 3, 2018.

  2. 02

    Later that month, German automation firm HAHN Group (a former Rethink distributor) acquired all of its technology — patents, trademarks and the Intera 5 software platform — and made the business the third pillar of its robotics division as Rethink Robotics GmbH, continuing to develop Sawyer with 'German engineering'.

  3. 03

    More than 20 former Rethink staff were hired by Universal Robots. (This record is a duplicate of the museum's 'Rethink Robotics (Detailed)' entry.)