Get the latest tech news
Dextrous Robotics closes up shop
Even in immaculate economic conditions, launching a startup is something of a fool’s errand – that’s triply the case in robotics.
The executive spells out the company’s fate at the top of the post, noting, “Put simply, we adopted an aggressive trajectory 18 months ago that the recent investment market didn’t support. Even in immaculate economic conditions, launching a startup is something of a fool’s errand — that’s doubly the case with hardware and, perhaps, triply so in robotics. The post goes on to add that the company’s DX-1 robot was “on track” to deploy with a pair of “large logistics companies.” Between ongoing labor crunches and a longstanding desire to compete with the likes of Amazon, there’s certainly appetite for this technology.
Or read this on TechCrunch