RISE Robotics

Superhero-Caliber Machines

Company Information

Website:

https://www.riserobotics.com/

Sector:

Machinery & Equipment

Location:

Boston, MA

RISE Robotics began with a futuristic vision: To redefine human motion with an exosuit capable of delivering superhuman strength, agility, and speed — all while being lightweight and energy-efficient.

What started as a project to build a real-life Iron Man suit has evolved into an industrial-strength innovation, one with the potential to disrupt the $600 billion heavy-machine industry.

Heavy machines are outdated, dirty, and dangerous. Most of them rely on oil-based hydraulics, a technology that is inefficient and harmful to the environment.

RISE Robotics is electrifying heavy machines with a smarter, faster, cleaner alternative to hydraulics.

To-date, the company has generated more than seven million dollars in sales and raised twenty-two million dollars from notable investors including Techstars, MIT’s The Engine, and Fortistar Capital.

Team Background

Hiten Sonpal - Chief Executive Officer
Tom Phelps - Chief Operating Officer
Blake Sessions - Co-Founder & CTO

Co-Investors

TechStars

Prominent accelerator for tech companies. Investments include Uber, ClassPass and Twilio.

MIT's The Engine

A startup accelerator for tech companies affiliated with MIT.

Fortistar Capital

A venture-capital firm investing in startups that are targeting sustainability issues.

Raising
$1.235 million
Committed
$387.342K (31%)
Current Valuation
$49.69 million
Min. Investment
$250
Deal Type
Title III
(For all investors)
Offering Type
Equity
Finance History
  • $5 million
    2024-04-01
    Unknown
  • $3.224 million
    2020-03-01
    Unknown
Notable Investors
  • TechStars
  • MIT's The Engine
  • Fortistar Capital
Learn more on WeFunder