Led · Series B · Sep 2018

Sarcos Robotics develops the Guardian XO, a battery-powered robotic exoskeleton aimed at augmenting industrial workers rather than replacing them. The company plans to use its latest funding to bring the Guardian XO into full commercial production, with the suit scheduled for release next year and pre-orders already open. Sarcos is positioning the product for heavy-lift tasks — Delta announced at CES that it would partner with Sarcos to outfit ground crew to help lift up to 200 pounds without fatigue. Financially, the company announced a $40 million Series C and had previously raised $56.1 million. Founded in the early 1980s and spun out of Raytheon in 2015, Sarcos is based in Utah and has been a significant recipient of DARPA grants. ABI Research projects the market for these devices will exceed $11.5 billion over the next decade, indicating sizable market opportunity. Sarcos Robotics develops robotic systems that augment rather than replace humans, including the Guardian S mobile inspection and surveillance robot and the Guardian XO powered full-body industrial exoskeleton line. The company leverages more than 25 years of R&D and offers additional products such as the Guardian GT. Sarcos says its products aim to reduce workplace injuries while increasing productivity and efficiency across industries like manufacturing, construction, mining, oil & gas, power, aerospace and defense. The company has doubled its workforce in the last year as it scales. Sarcos is headquartered in Salt Lake City, Utah, with additional offices in the Seattle area. It plans to use new funding to expand its team, scale production and deployment of the Guardian S, and prepare commercial launches of Guardian XO products in late 2019. Sarcos Robotics designs and produces dexterous, human-controlled robotic systems intended for use in unstructured environments to improve health, safety, and quality of life. The company is led by Chairman and CEO Benjamin Wolff and is based in Bellevue, Washington and Salt Lake City, Utah. Sarcos plans to use new capital to expand its team, commercialize its advanced robotics technologies, and grow sales and marketing efforts. In 2016 the company raised more than $25m in total funding. The firm develops robots aimed at industrial and field applications where human-level dexterity and remote operation are required. Recent corporate developments include new strategic investors joining the cap table and an addition to the board of directors.