Sarcos Technology and Robotics Corporation
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Sarcos Technology and Robotics Corporation - overview
Established
1983
Location
Salt Lake City, UT, US
Primary Industry
Industrial Machinery
About
Sarcos Technology and Robotics Corporation, based in the US, specializes in the development of advanced robotic systems that enhance human capabilities and productivity across various sectors. Founded in 1983 and headquartered in Salt Lake City, US, Sarcos Technology and Robotics Corporation focuses on robotics solutions. Under the leadership of CEO Ben Wolff, the company has received a total of USD 220. 00 mn in funding, with the latest being a Series C round of USD 40.
00 mn led by Rotor Capital Partners LLC. Sarcos has been involved in five notable deals, indicating its active role in the investment landscape. Sarcos Technology and Robotics Corporation offers the Palladyne™ IQ software platform, designed to enhance the autonomy and adaptability of industrial and collaborative robots. Launched in 2017, this platform leverages artificial intelligence and machine learning, enabling robots to operate effectively in dynamic environments across industries such as manufacturing, logistics, and defense.
The software is hardware agnostic, allowing integration with a wide range of commercial robots. In the most recent year 2024, Sarcos Technology and Robotics Corporation reported revenue of USD 7. 79 mn, while EBITDA for the same period was USD -26. 02 mn, indicating ongoing investment in growth and development.
Sarcos is focused on launching new products that expand its capabilities in robotic solutions. The company plans to target international markets, particularly in Europe and Asia, for expansion by the end of 2025. Recent funding will be utilized to support these initiatives, enhancing product development and market reach, following the exit of Cottonwood Technology Fund from Sarcos.
Current Investors
Microsoft, Cottonwood Technology Fund, Caterpillar Ventures
Primary Industry
Industrial Machinery
Sub Industries
Industrial Machinery, Analytics & Performance Software
Website
www.sarcos.com
Verticals
Cloud Computing, Robotics, Wearables & Quantified Self
Company Stage
Series C/Round 3
Total Amount Raised
Subscriber access only
Sarcos Technology and Robotics Corporation - financials
| Fiscal Year Ended | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Revenue (USD) | 5,075,000 | 14,569,000 | - | - | - |
| % Revenue Growth (YoY) | - | 187.1% | - | - | - |
| EBITDA (USD) | (80,460,000) | (174,939,000) | - | - | - |
| Operating Income (USD) | (80,991,000) | (177,038,000) | - | - | - |
| Operating Margin | (1595.9%) | (1215.2%) | - | - | - |
| % EBITDA Margin | (1585.4%) | (1200.8%) | - | - | - |
| NET Income (USD) | (81,508,000) | (157,130,000) | - | - | - |
| % Net Margin | (1606.1%) | (1078.5%) | - | - | - |
Sarcos Technology and Robotics Corporation - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Advisory Board Member | BM |
BM Board Member
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