Chief Investment Officer and Managing Partner, Quadratic Capital Management
Right Hand Robotics
RightHand Robotics is leading the industry in an area of warehousing automation that’s deceptively difficult to achieve: Teaching robots to autonomously and reliably pick up an object from one place and put it down in another.
This combination of computer vision and mechanical gripping — the holy grail of manufacturing automation — cuts down on the amount of rote work required of warehouse employees.
“Our customers can just sit back, relax, and watch the robot pick and place,” says Artug Acar, director of product management at RightHand Robotics.
Acar, who joined the firm in April 2019, says that the stressors that the pandemic has placed on the global supply chain only underscored the benefits of reducing — or even removing — human workers from logistics facilities. Demand for automation has surged during the pandemic, he told Business Insider in August.
“The increase in the last five months is what we were expecting in the next five years,” says Acar, whose main duties include getting feedback from customers, prioritizing their requests, and turning it into a product roadmap for RightHand Robotics’ engineering team.
One of the startup’s big accomplishments of the year was accelerating the rollout of remote monitoring and troubleshooting capabilities, so that issues with the robots can be proactively identified and fixed without anyone needing to go on-site.
The five-year-old startup has raised $41 million in funding at an $88 million valuation, according to PitchBook.