Rethink Robotics, Pioneer of Collaborative Robots, Shuts Down
The Bad Boy of Robotics was in high spirits. Rodney Brooks had a lot to show us as we zigzagged through Rethink Robotics' office in Boston on a June morning in 2012. That was the day Brooks introduced us to Baxter, a robot he said would transform manufacturing and "sell like hotcakes." So it was with a bit of sadness that we found out last night that Rethink is shutting down. After a long 10-year run (the company was founded as Heartland Robotics, remember?) and US $150 million raised from investors, Rethink ran out of steam as sales fell short of the company's goals.
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