Industrial Robotics

This company has created the Swiss Army Knife of robots

By Leigh Buchanan for Inc. magazine

May 02, 2017

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Robots allow manufacturers to operate more cheaply. But robots themselves aren't cheap, limiting the ability of small manufacturers to compete with larger companies or win back business from overseas. A Baltimore startup thinks it has a solution: robots as a service.

Industrial robots typically sell for $75,000 or more, a significant capital outlay. And that price tag escalates dramatically with operational costs. Ready Robotics, a startup housed in City Garage, a Baltimore center for makers, charges $1,500 to $4,000 a month for use of one of its robots, called the TaskMate.

Read the full story at inc.com.