# Rise Robotics

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

- Industry: Industrial Machinery
- Headquarters: Somerville, US
- Website: www.riserobotics.com
- Total disclosed funding: $16M
- Latest round: Series A (Apr 10, 2024)
- Investors on record: 5

## About

Rise Robotics is focused on innovating industrial applications with its groundbreaking Beltdraulic™ technology, enhancing performance and sustainability across various sectors including manufacturing and logistics.Founded in 2011 and headquartered in Somerville, US, Rise Robotics specializes in advanced actuators and systems that eliminate the need for traditional hydraulic fluids. The company was founded by Arron Acosta, who has an extensive background in engineering and innovation. In April 2024, Rise Robotics raised USD 14.36 mn in Series A funding, marking their fourth investment round, aimed at accelerating growth and development.Rise Robotics offers a pioneering suite of products centered around Beltdraulic™ technology, including the Beltdraulic™ Cylinder, Railgate, and SuperJammer. These products are designed to function without traditional hydraulic fluids, catering to sectors like manufacturing and construction. Their technology is versatile, supporting various power sources such as diesel, electric, and hydrogen, and is utilized by major clients including Tier 1 suppliers and the U.S. Department of Defense, with applications extending to international markets in Europe and Asia.Rise Robotics operates on a B2B revenue model, focusing on direct sales and partnerships with industrial players. Clients procure Rise's proprietary technologies integrated into larger systems, with customized solutions enhancing operational efficiency. Pricing is project-specific, ensuring alignment with client needs, particularly for flagship products like the Beltdraulic™ Cylinder.Following the recent Series A funding round on April 10, 2024, which raised USD 14.36 mn from investors including KingsCrowd Capital and others, Rise Robotics plans to invest in further research and development. The company aims to expand its market reach significantly, targeting new geographic regions and industries by developing new products designed to meet specific operational demands, thereby enhancing their portfolio and client offerings.

## Funding rounds

- Series A, Apr 10, 2024, $14M — Techstars, Engine Ventures, Fortistar, KingsCrowd Capital
- Seed, Aug 23, 2012, $1.5M — Techstars, Right Side Capital Management

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Seed, Series A
- Right Side Capital Management (https://capitalatlas.ai/funds/right-side-capital-management) — Seed
- Engine Ventures (https://capitalatlas.ai/funds/engine-ventures) — Series A
- Fortistar (https://capitalatlas.ai/funds/fortistar) — Series A
- KingsCrowd Capital — Series A