Robotic Dreams, Robotic Realities: Why Is It So Hard to Build Profitable Robot Companies?

A version of this article appears in the IEEE Robotics & Automation Magazine (Volume 26, Issue 1, March 2019). In mid-November, we received the sad news that Alphabet is closing SCHAFT, a spinoff of the University of Tokyo robotics lab. The decision comes one year after Boston Dynamics was sold to SoftBank, the company that also acquired Aldebaran Robotics (known for the Pepper and Nao robots). During the 2018 IEEE/Robotics Society of Japan International Conference on Intelligent Robots and Systems, we heard that Rethink Robotics, which created the collaborative robot industry and had a large impact on our view of robots in industrial applications, had closed its doors. Some months before, Jibo and Mayfield Robotics, makers of Kuri, were forced to shut down sales and operations.