GLEN COVE, N.Y., July 12, 2024 (GLOBE NEWSWIRE) -- Standard Bots, a pioneer in robotics automation, today announced it has raised $63 million in total funding, with its recent Series B round led by General Catalyst with participation from Amazon Industrial Innovation Fund and Samsung Next. The company has already successfully launched its RO1 robotic arm and is now preparing to bring its new AI-powered robots to market, unlocking use cases and industries untouched by traditional robotics, such as complex assembly, food preparation, or dishwashing. Standard Bots designs and assembles collaborative robotic arms in the United States to transform industrial sectors such as manufacturing. The company is also developing a transformer-based model that leverages the power of AI to enhance robotic capabilities. By observing human demonstrations, Standard Bots empowers robots to master intricate tasks from loading complex welding fixtures to folding clothing with unprecedented precision, marking a pivotal moment in the industry and unlocking a realm of new possibilities previously deemed by many to be beyond robotic reach. Standard Bots' RO1 and RO2 robotic arms are currently in production and are designed for high variability and challenging real-world applications, a stark contrast to traditional, pre-programmed robots that often cannot navigate unpredictable conditions such as dynamic or cluttered environments and unexpected obstacles. "Historically, robotics projects required a team of PhDs, multiple years of research, and deep pockets—and even after all that, use cases were often limited. We're ...