RIOS develops AI- and vision-driven robotics focused on automating manufacturing processes, quality assurance, process improvement and digital twinning. The company emphasizes partnering with customers to provide reliable, flexible automation and real-time insights and control that exceed traditional automation systems. RIOS plans to expand its deployments across wood products, beverage distribution and packaged food products. It is beginning a product rollout in the lumber and plywood handling sector. The company recently completed a $13 million Series B financing. Existing investor participation and strategic partnerships underpin its near-term growth plans. Rios Intelligent Machines builds AI-powered, end-to-end robotic workcells that integrate within existing factory, warehouse, and supply chain workflows. The company offers its robotic workforce through a factory automation-as-a-service model with no upfront capital commitments. Its workcells are deployed in the United States across manufacturing, consumer packaged goods, and food & beverage sectors. Rios has signed agreements with over a dozen customers in the U.S. and Japan, ranging from mid-size businesses to large enterprises. The company is led by CEO Dr. Bernard Casse, is headquartered in Menlo Park, CA, has a distributed U.S. workforce and a subsidiary in Australia. In February 2022 it raised $28M in Series A equity and debt financing and intends to use the funds to deploy its robotic fleet at scale to new and existing customers. RIOS is a Bay Area robotics startup founded in 2018 as a Stanford spin-out with contributions from Xerox PARC engineers. Its first product, the DX-1, is a robot designed for a variety of industrial tasks including static bin picking and conveyor belt operations. The system is powered by the company’s AI stack, which includes a perception system and tactile sensors mounted on the robotic hand. RIOS operated in stealth for roughly a year and a half while testing its technologies with a select group of partners. The company plans to charge a monthly fee for the robotic system that bundles programming, maintenance, monitoring, and regular updates. RIOS announced $5 million in funding as it came out of stealth to support development and commercialization amid increased interest in factory automation.

Total raised

$46M

Funding rounds

4

Latest round

Series B

Latest activity

Mar 2024