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Genuine question — is $70 million, spread across +4 different competing companies, a lot of money, for an industry like robot makers? Or, said another way, if
by dogruck 9y ago
Genuine question — is $70 million, spread across +4 different competing companies, a lot of money, for an industry like robot makers?
Or, said another way, if the article had said the companies collectively raised $700 million, I don’t think I would’ve been surprised.
Can someone provide context?
- rubidium 9y agoI'm guessing at numbers from my limited experience, but a new robot development (let's say with some sophisticated features either hardware or software--not both) is probably a 20-50 person development. Salary (in normal land, not crazy west coast land) for a 2.5 year development is 6-15 million. Material cost runs 10-40% more. So expect something like 4-10 new robot platforms coming out as a result of this. In a market where there's not a plethora of vendors, that's respectable. If anyone has more direct experience I'd be happy to be corrected.
- petra 9y agoIs robotics currently limited mostly by money, i.e. with enough investment we could accelerate the robotic future significantly ? or is it mostly the need for new, better ideas?
- ProAm 9y agoI think most companies don't expect to burn cash in needless ways that most startups are expected. It's very possible to take what many consider a sizable investment and use it to continue development of an actual product. Where as most startups take money like this, make spaghetti, throw it at the wall and see what sticks.