Pioneering creator of collaborative ‘cobots' Rethink Robotics shuts down

Rethink Robotics, the Boston company that pioneered the development of “cobots” —collaborative robots designed to work alongside humans — shut down on Wednesday.

The company’s closure was abrupt and surprised members of the robotics community. According to the Boston Globe, Rethink had been exploring a deal to sell itself to another firm, but the acquisition fell through at the last minute. “We thought that we had a deal that we were going to be able to close,” Rethink chief executive Scott Eckert told the Globe.

Ecekert declined to name the company involved in the failed acquisition, but said that Rethink had been running low on cash after disappointing sales of its Baxter and Sawyer robots. We’ve reached out to Rethink and will update this story if we hear more.  Full Article:

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Markforged:  Buyer's Guide to 3D Printing for Manufacturing

Markforged: Buyer's Guide to 3D Printing for Manufacturing

3D printing has become a powerful force in today's manufacturing industry from prototyping to tooling and fixtures to custom, end-use parts. Many businesses struggle to find the right solutions to fit their needs and provide ROI. Selecting the right platform to prevent manufacturing roadblocks is vital to optimizing your manufacturing line productivity. Download the all new buyer's guide to help you evaluate the benefits of 3D printing and dispel misconceptions, understand the pros/cons of various 3D printing processes and materials, and assess the key considerations in selecting a 3D printer.