WorkFar Robotics, a developer of humanoid and collaborative robotics, is teaming up with industry magnates to “spark the proliferation of humanoid robotic technology across the world” – in other words, to grow through acquisitions.
To WorkFar, leveraging external growth through mergers and acquisitions is a key step in the realization of this vision.
The goal of most startups is to be acquired by a larger conglomerate. However, WorkFar isn’t your average robotics startup. In fact, the company has been able to put together a market-ready, mass-produceable product even without receiving venture capital which is unheard of in humanoids.
So perhaps it’s expected that WorkFar would avoid following the well-trodden path, instead turning this path on its head so that the startup is the one to acquire other companies, instead of being acquired itself.
Instead of spending decades growing the company organically in order to get their products across the globe, WorkFar’s team has acquired, and continues to acquire well-established companies that already have significant operations.
WorkFar is currently in talks with companies to leverage their existing brand recognition and global manufacturing, distribution, sales, and marketing operations, all for the team’s grand vision.
Strong acquisition targets for WorkFar Robotics are established corporations with existing brand recognition, deep technological expertise in robotics and AI, and a skilled workforce ready to scale production.
Ideals targets also have robust manufacturing and R&D capabilities, as well as proven marketing, sales, and distribution channels to accelerate this global deployment.
By leveraging these existing foundations, WorkFar can rapidly expand its operations and drive the widespread deployment of humanoid robots all across the globe in record time.
Mind-blowing advances in AI are fueling the projections for skyrocketing humanoid robot adoption over the next decade or so – and it’s also why WorkFar is stepping up its efforts to proliferate its own humanoids throughout the world within the next five years.
As the robots’ hardware and algorithms continue to evolve, the tasks for which they are suited will expand rapidly.
WorkFar’s business model is a complete “robot-as-a-service” solution that lets companies lease the robot and a trained operator on a monthly basis. The combined cost of the human-robot team comes at just a fraction of the cost of other humanoid robots, thereby reducing total labor expenses and increasing facility throughput.
Unlike the business model of purchasing a standalone robot, the leasing model provides a quick ROI and higher levels of flexibility.
The company recently made a major push to deploy “a million robots around the world” with a focus on fine-tuning their artificial intelligence algorithms in a wide range of unpredictable environments.
Comprehensive AI fine-tuning is a process that requires extremely large amounts of data from a variety of common and uncommon situations, and WorkFar was able to get robots in the field and collecting data by allowing customers to lease a robot fleet for $0 down.
This moonshot effort allowed companies in the manufacturing and warehousing sector to benefit from a variety of humanoid robot use cases without the risk of wasting money.
Thanks to this groundbreaking program, the humanoids are extraordinarily adaptable to a variety of interactions with objects and people. With David Hanson of Hanson Robotics as Chief Executive Advisor, WorkFar Robotics has impressive expertise in facilitating human-robot interaction.
Society is inching ever closer to a future in which everyone has a robot in their household – and innovative companies like WorkFar Robotics are the ones getting us there.
Mergers and acquisitions are a key tool in these companies’ ability to grow exponentially in the years leading up to the vision of a humanoid robot future.
