# Double Robotics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/double-robotics

- Industry: Electronics
- Headquarters: Burlingame, US
- Website: www.doublerobotics.com
- Total disclosed funding: $2M
- Latest round: Seed (Sep 21, 2012)
- Investors on record: 3

## About

Double Robotics develops innovative telepresence robots to facilitate remote communication and collaboration, enhancing hybrid work and learning experiences.Founded in 2011 and headquartered in Burlingame, US, Double Robotics specializes in telepresence technology, offering its flagship product, the Double 3. The company has completed 2 deals, with its most recent funding round occurring on September 21, 2012. In this Seed round, the company raised USD 2.000 mn from investors including Grishin Robotics and SK Ventures. The co-founders, David Cann and Marc DeVidts, have a history in technology and entrepreneurship, with Cann serving as the current CEO.Double Robotics specializes in the development of telepresence robots, with its flagship product being the Double 3. This self-driving, two-wheeled videoconferencing robot is designed to enhance remote work and learning experiences, allowing users to maintain a physical presence in hybrid office and classroom settings. Equipped with advanced 3D sensors, Double 3 can navigate its environment autonomously, avoiding obstacles while facilitating seamless interactions. The robot is utilized by organizations that support flexible work arrangements, educational institutions, and remote teams, aiming to foster connectivity among colleagues and students who cannot be physically present. The Double 3 is marketed primarily in North America and Europe, targeting corporate clients and educational establishments that value innovative solutions for remote collaboration.Double Robotics generates revenue through the direct sales of its telepresence robots, particularly the Double 3. The company structures its transactions through a business-to-business model, primarily catering to corporate clients and educational institutions that seek to integrate telepresence technology into their operations. Customers typically purchase the robots outright, which may include additional services such as technical support and maintenance. While specific pricing details for the Double 3 are not disclosed, the revenue model encompasses one-time payment structures for the robot, as well as potential service contracts for ongoing support.In September 2012, Double Robotics, Inc. raised USD 2.000 mn in Seed funding, which will support its initiatives for future growth. The company plans to develop new products in the telepresence space and expand its market reach into additional regions of Europe and Asia by 2024. Investments from the recent funding round will facilitate product enhancements and market entry strategies, ensuring that Double Robotics continues to meet the evolving needs of remote work and education.

## Funding rounds

- Seed, Sep 21, 2012, $2M — SK Ventures, Grishin Robotics
- Seed, Aug 21, 2012 — Y Combinator

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- SK Ventures — Seed
- Grishin Robotics (https://capitalatlas.ai/funds/grishin-robotics) — Seed