Story image

Bye bye Baxter - Rethink Robotics bites the dust

09 Oct 18

Did we just lose one of the most pioneering robotics companies in the world? According to reports from the Boston Globe and a number of other media outlets, the answer looks to be 'yes'.

Rethink Robotics is the company behind industrial manufacturing robot Baxter, who became world famous for its pioneering robotics tech and its uncanny human-like design.

Reports say that Rethink has now closed its doors for good after a buyout gone bad. It seems that an unnamed company intended to purchase Rethink, but that unnamed company got cold feet. Left with perilous finances due to low sales of Baxter and Sawyer robots, Rethink looks to have shut down.

While Rethink’s website mentions nothing of the closure, it was only this year that Rethink was showcasing its Sawyer robot at international trade shows.

In March, the company said that electronics manufacturers are increasingly adopting cobots (collaborative robots that work alongside humans), including Sawyer.

What’s more, in July the company announced 10 deals with a bunch of distribution partners across the world, including Asia. The company also had partners in Australia.

So where does that leave Rethink? In a statement to The Robot Report, Rethink CEO Scott Eckert says that the news is true, and the company didn’t quite become as successful as they’d hoped.

The social media community expressed regret about Rethink’s closure: Here’s what members of the Twitter community had to say:

‏ @j0nlussier - Sad news from Rodney at Rethink Robotics as they shut down! Unfortunately for the robotics space another big (150M$) loss for investors. 

@mark_riedl Replying to @jeffbigham - The thing that was supposed to set Rethink Robotics apart from others was that Baxter was designed with the human user in mind from the beginning. Jibo failed too and that was from human-robot interaction experts too.

@pcheng88 - Rethink Robotics is gone? I thought the robots are taking over! We also have Foxconn is scaling back robots deployment too... A trend ?!

@kimmypaluch - Painful story-- look out for spin-offs: "Sometimes early products aren’t as good as u would like, new ideas don’t receive market acceptance, & other players gain traction sooner. Some or all of these factors may have impacted Rethink." 

@Deepak_kohli8 - The demise of Rethink Robotics shows how hard it is to make machines truly smart

And finally a comment that sums up the closure:

@ROSIndustrial - Bummer.

JASK prepares for global rollout of their AI-powered ASOC platform
The JASK ASOC platform automates alert investigations, supposedly freeing the SOC analyst to do what machines can’t. 
Cisco dominates record-high Ethernet switch & router markets
While the market is flourishing, it’s tough-going as Cisco has increased its majority share of the pie.
SAP provides partners with free access to their cloud platform
“Now that over 3,700 SAP partners have joined our cloud strategy, the free resources will help them accelerate application development."
Gartner names Proofpoint Leader in enterprise information archiving
The report provides a detailed overview of the enterprise information archiving market and evaluates vendors based on completeness of vision and ability to execute.
WatchGuard appoints new channel distributors in A/NZ
The appointments will enable WatchGuard to expand its regional channel reseller footprint.
Tensions on the rise after Huawei CFO arrest
“Recently our corporate CFO, Meng Wanzhou, was provisionally detained by the Canadian authorities on behalf of the United States of America."
Why the future of IT infrastructure is always on and always available
As more organisations embrace digital business, infrastructure and operations leaders will need to evolve their strategies and skills to keep up.
Juniper simplifies data integration to improve threat detection
Updates to the Juniper Advanced Threat Prevention Appliances leverage third-party firewalls and security data sources.