# Ike

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ike

- Industry: Logistics & Distribution
- Headquarters: San Francisco, US
- Website: www.ikerobotics.com
- Total disclosed funding: $52M
- Latest round: Series A (Feb 5, 2019)
- Investors on record: 5

## About

Ike is a robotics company that specializes in advanced automation solutions, enhancing efficiency across various sectors including manufacturing, logistics, and healthcare.Founded in 2018 and headquartered in San Francisco, US, Ike develops advanced robotics technologies aimed at optimizing automation processes. The company raised USD 52 mn in Series A funding on February 5, 2019, led by Bain Capital with contributions from Basis Set, Fontinalis Partners, Neo, and Redpoint Ventures. Creighton Arita serves as CEO.Ike Robotics specializes in advanced robotics solutions designed to enhance automation and efficiency across various applications. Their core product offerings include state-of-the-art robotic systems utilized in sectors such as manufacturing, logistics, and healthcare. These systems perform tasks ranging from precision assembly to autonomous material handling and remote monitoring, addressing challenges such as labor shortages, safety concerns, and operational efficiency. The company's products target a diverse client base, including mid-sized to large enterprises, government agencies, and healthcare providers, primarily in North America and Europe. Each solution is tailored to meet the specific needs of end users, facilitating improved productivity and streamlined operations.Ike Robotics generates revenue through a combination of direct sales and long-term service agreements with clients. The company’s transaction structure typically involves B2B partnerships where clients purchase robotic systems along with maintenance and support services. Clients engage in upfront payments for the purchase of flagship products, supplemented by ongoing subscription fees for software updates and technical support. This pricing strategy is designed to provide value through comprehensive solutions that include both hardware and software components, ensuring that clients benefit from continuous innovation and performance enhancement. This dual revenue stream strengthens client relationships and contributes to recurring revenue stability.Ike Robotics plans to leverage its recent Series A funding of USD 52 mn to enhance its product development pipeline, focusing on the introduction of new robotic solutions aimed at expanding into the healthcare and logistics sectors. The company is exploring opportunities to enter new geographic markets in Europe and Asia by 2025. The funding will support efforts in research and development, ensuring that Ike remains at the forefront of automation technology.

## Funding rounds

- Series A, Feb 5, 2019, $52M — Redpoint Ventures, Bain Capital, Fontinalis Partners, Neo, Basis Set

## Investors

- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Series A
- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Series A
- Fontinalis Partners (https://capitalatlas.ai/funds/fontinalis-partners) — Series A
- Neo — Series A
- Basis Set (https://capitalatlas.ai/funds/basis-set) — Series A