The Robot Report

  • Home
  • News
  • Technologies
    • Batteries / Power Supplies
    • Cameras / Imaging / Vision
    • Controllers
    • End Effectors
    • Microprocessors / SoCs
    • Motion Control
    • Sensors
    • Soft Robotics
    • Software / Simulation
  • Development
    • Artificial Intelligence
    • Human Robot Interaction / Haptics
    • Mobility / Navigation
    • Research
  • Robots
    • AGVs
    • AMRs
    • Consumer
    • Collaborative Robots
    • Drones
    • Humanoids
    • Industrial
    • Self-Driving Vehicles
    • Unmanned Maritime Systems
  • Business
    • Financial
      • Investments
      • Mergers & Acquisitions
      • Earnings
    • Markets
      • Agriculture
      • Healthcare
      • Logistics
      • Manufacturing
      • Mining
      • Security
    • RBR50
      • RBR50 Winners 2025
      • RBR50 Winners 2024
      • RBR50 Winners 2023
      • RBR50 Winners 2022
      • RBR50 Winners 2021
  • Resources
    • Automated Warehouse Research Reports
    • Digital Issues
    • eBooks
    • Publications
      • Automated Warehouse
      • Collaborative Robotics Trends
    • Search Robotics Database
    • Videos
    • Webinars / Digital Events
  • Events
    • RoboBusiness
    • Robotics Summit & Expo
    • DeviceTalks
    • R&D 100
    • Robotics Weeks
  • Podcast
    • Episodes
  • Advertise
  • Subscribe

Realtime Robotics brings in another $9.5M for RapidPlan

By Brianna Wessling | June 27, 2023

Realtime Robotics, a producer of collision-free autonomous motion planning for industrial robots, has brought in $9.5 million in funding to meet increased demand for its RapidPlan technology, less than a year after bringing in $14.4 million in funding.  

RapidPlan was released in June 2022 and aims to reduce the annual cost of robotic automation by two-thirds and make the robot programming process up to five times faster. The software calculates robot paths and avoids collisions during operation. With the software, users create a digital twin of their robotic work cell in simulation and then point and click on robots are target points to create task plans. 

“Manufacturers need to accelerate their adoption of robotics – and quickly realize a return on that investment – in order to improve their ability to adapt and compete in today’s industry,” Peter Howard, CEO of Realtime Robotics, said. “RapidPlan perfectly complements these efforts, enabling the programming, deployment and robot control to be optimized. Our intelligent tools dramatically reduce complexity and the potential for human error, both of which can rapidly increase the cost of deploying and operating industrial robots. We’re thrilled to apply this funding to our scaling and development efforts as we grow to meet the increased market demand.”

Realtime’s additional funding will help pave the way for streamlining additional time-to-value for customers, drive other product enhancements incorporating feedback from customers and partners, and scale to support additional go-to-market efforts. The funding was from Shinhan GIB and Kyobo Life Insurance. 

“There is currently a perfect storm of economic and employment pressures within the manufacturing space. This is driving an industry-wide need to embrace new technologies and approaches to longstanding problems, to become more efficient and improve cost structures, while still delivering the products that consumers demand,” Damian S. Kang, Executive Director & Team Lead, Global Equity Team, at Shinhan GIB, said. “Realtime’s technology is a perfect fit, allowing organizations to digitally plan robot usage while making the programming process faster and less complex.”

Realtime is a former resident startup of MassRobotics. It moved out in 2019 after it grew to 30-plus employees. You can read more about the founding of Realtime Robotics in this profile written by MIT.

About The Author

Brianna Wessling

Brianna Wessling is an Associate Editor, Robotics, WTWH Media. She joined WTWH Media in November 2021, after graduating from the University of Kansas with degrees in Journalism and English. She covers a wide range of robotics topics, but specializes in women in robotics, autonomous vehicles, and space robotics.

She can be reached at bwessling@wtwhmedia.com

Tell Us What You Think! Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles Read More >

Artedrone's Sasha autonomous mechanical thrombectomy system.
Microrobot system is designed to float inside stroke patient for autonomous thrombectomy
Mbodi AI is working with partners such as ABB.
Mbodi AI launches on Y Combinator, developing embodied AI for industrial robots
Photoneo MotionCam 3D Color (Blue) enables scanning from greater distances as in this palletizing application, says Photoneo.
Photoneo releases MotionCam-3D Color (Blue) to improve robot perception
Rainbow Robotics' RB-Y1 robot from the waist up.
Rainbow Robotics unveils omnidirectional wheels, development kit for its dual-arm robot

RBR50 Innovation Awards

“rr
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest info on technologies, tools and strategies for Robotics Professionals.
The Robot Report Listing Database

Latest Episode of The Robot Report Podcast

Automated Warehouse Research Reports

Sponsored Content

  • Sager Electronics and its partners, logos shown here, will exhibit at the 2025 Robotics Summit & Expo. Sager Electronics to exhibit at the Robotics Summit & Expo
  • The Shift in Robotics: How Visual Perception is Separating Winners from the Pack
  • An AutoStore automated storage and retrieval grid. Webinar to provide automated storage and retrieval adoption advice
  • Smaller, tougher devices for evolving demands
  • Modular motors and gearboxes make product development simple
The Robot Report
  • Mobile Robot Guide
  • Collaborative Robotics Trends
  • Field Robotics Forum
  • Healthcare Robotics Engineering Forum
  • RoboBusiness Event
  • Robotics Summit & Expo
  • About The Robot Report
  • Subscribe
  • Contact Us

Copyright © 2025 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search The Robot Report

  • Home
  • News
  • Technologies
    • Batteries / Power Supplies
    • Cameras / Imaging / Vision
    • Controllers
    • End Effectors
    • Microprocessors / SoCs
    • Motion Control
    • Sensors
    • Soft Robotics
    • Software / Simulation
  • Development
    • Artificial Intelligence
    • Human Robot Interaction / Haptics
    • Mobility / Navigation
    • Research
  • Robots
    • AGVs
    • AMRs
    • Consumer
    • Collaborative Robots
    • Drones
    • Humanoids
    • Industrial
    • Self-Driving Vehicles
    • Unmanned Maritime Systems
  • Business
    • Financial
      • Investments
      • Mergers & Acquisitions
      • Earnings
    • Markets
      • Agriculture
      • Healthcare
      • Logistics
      • Manufacturing
      • Mining
      • Security
    • RBR50
      • RBR50 Winners 2025
      • RBR50 Winners 2024
      • RBR50 Winners 2023
      • RBR50 Winners 2022
      • RBR50 Winners 2021
  • Resources
    • Automated Warehouse Research Reports
    • Digital Issues
    • eBooks
    • Publications
      • Automated Warehouse
      • Collaborative Robotics Trends
    • Search Robotics Database
    • Videos
    • Webinars / Digital Events
  • Events
    • RoboBusiness
    • Robotics Summit & Expo
    • DeviceTalks
    • R&D 100
    • Robotics Weeks
  • Podcast
    • Episodes
  • Advertise
  • Subscribe