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. [Read more…] about Humanoid startup WorkFar Robotics plans to grow through ‘strategic acquisitions’
