Rethink Robotics shuts down -- again

Rethink Robotics, a pioneer in collaborative robots (cobots), has shut down for the second time. Originally founded in 2008 as Heartland Robotics by Rodney Brooks and Ann Whittaker, the company rebranded as Rethink Robotics in 2012 and gained attention with its Baxter and Sawyer cobots. Despite raising $150 million, the company struggled with issues related to precision and repeatability due to its use of series elastic actuators. After declaring bankruptcy in 2018, Rethink was acquired by Germany’s HAHN Group, which aimed to improve the technology. However, by 2024, after being relaunched under the United Robotics Group (URG) and returning to the U.S., Rethink faced new challenges with its latest products—Reacher robot arms, Ryder autonomous mobile robots, and Riser mobile manipulators—that were not market-ready, leading to poor sales. The financial difficulties culminated when URG’s investors withdrew funding, forcing