Story image

Bye bye Baxter - Rethink Robotics bites the dust

09 Oct 2018

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.

50 million tonnes of e-waste: IT faces sustainability challenges
“Through This is IT, we want to help people better understand the problem of today’s linear “take, make, dispose” thinking around IT products and its effects like e-waste, pollution and climate change."
Vocus & Vodafone unbundle NZ's fibre network
“Unbundling fibre will provide retail service providers with a flexible future-proofed platform regardless of what tomorrow brings."
NZ Cricket ups data analytics game with Qrious
The Black Caps and White Ferns have implemented a data and analytics solution from Qrious to monitor and improve game strategy and player performance.
Gartner: Smartphone biometrics coming to the workplace
Gartner predicts increased adoption of mobile-centric biometric authentication and SaaS-delivered IAM.
Samsung & Trade Me offer AI-powered shopping
The smartphone camera & AI-powered tech, Trade Me says, is a ‘glimpse into the future of shopping’.
Neill Blomkamp's 'Conviction' is a prequel to BioWare's Anthem
You may remember Neill Blomkamp’s name from such films as District 9, Chappie, and Elysium. If you’ve seen any of those films, the short teaser trailer will seem somewhat familiar to you.
Security flaw in Xiaomi electric scooters could have deadly consequences
An attacker could target a rider, and then cause the scooter to suddenly brake or accelerate.
617 million stolen records up for sale on dark web
It may not be the first time the databases have been offered for sale.