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Richtech Robotics Inc.

Category: Robotics / Embodied AI

AI-powered service robots designed to automate tasks in hospitality, foodservice, healthcare, and retail environments. Richtech Robotics Inc. was founded in 2016. The company is led by Zhenwu 'Wayne' Huang. Based in Las Vegas, Nevada, USA. Team size: 57. Total funding raised: $70.2M. Latest round: IPO ($10.5M, Nov 2023). Key investors include Public stockholders (post-IPO), Pre-IPO funding from private angel investors and founders' capital, Institutional investor (Jan 2026 private placement).

Founded
2016
Headquarters
Las Vegas, Nevada, USA
Team size
57
Total funding
$70.2M

Value proposition

Automating repetitive service tasks to reduce labor costs, improve operational efficiency, and enhance customer experience through reliable robotic assistance.

Products and solutions

Matradee (food delivery robot), ADAM (robotic bartender), Skylark (hotel delivery robot), DUST-E (autonomous cleaning robot), Medbot (hospital delivery robot), Titan (heavy-duty payload transport robot), Dex (mobile humanoid robot for industrial use)

Unique value

Offers a holistic portfolio of AI-powered robots tailored for diverse service industry needs, from delivery and cleaning to food service, designed for easy integration into existing workflows.

Target customer

Restaurants, hotels, casinos, senior living facilities, hospitals, factories, and retail centers.

Industries served

Hospitality (Hotels, Casinos), Foodservice & Restaurants, Healthcare & Senior Living, Commercial Cleaning, Retail & Logistics

Technology advantage

Proprietary navigation algorithms for seamless operation in dynamic public spaces, combined with a U.S. base for direct North American service and support.

How they differentiate

Richtech offers a broader suite of service robots beyond food delivery, including healthcare, cleaning, and bar automation. Its U.S. headquarters provides a strategic advantage in serving the North American market.

Main competitors

Bear Robotics, Pudu Robotics, Keenon Robotics

Key partnerships

NVIDIA Connect Program, Sysco Foods (distributor), Major hotel chains (e.g., Hilton properties), Microsoft (AI Co-Innovation Labs collaboration), NewConsultancy B.V. (European distribution)

Notable customers

Hilton Hotels, Sysco Foods partner restaurants, Various Las Vegas casino resorts, Senior living communities, Vegas Golden Knights (sports partnership)

Major milestones

Became a public company via IPO on Nasdaq (November 2023), Secured a $4 million sales agreement via a joint venture partner to expand into Asian markets (June 2024), Joined the NVIDIA Connect program to advance AI capabilities, Featured at CES multiple times, Unveiled Dex mobile humanoid robot for industrial use (October 2025), Collaborated with Microsoft AI Co-Innovation Labs for agentic AI (January 2026), Closed $38.7M private placement (January 2026), Expanded into Europe via distribution agreement with NewConsultancy B.V. (April 2026)

Growth metrics

Over 1,000 robot units delivered or in production; publicly traded on Nasdaq (Ticker: RR).

Market positioning

Positioned as a turnkey automation provider for mid-market service industries in the U.S., focusing on affordability and rapid ROI.

Geographic focus

Primarily focused on North America, with expansion into Asian markets (via Beijing Tongchuang JV) and European markets (via NewConsultancy B.V. distribution agreement).

Patents and IP

Holds patents related to autonomous navigation systems and modular robotics platforms. Specific patent numbers are not publicly detailed.

About Zhenwu 'Wayne' Huang

Founder of Richtech Systems Ltd. (2007-2016) and Nanjing Rich Digital Technology (2003-2007), with a background in digital technology and interactive entertainment.

Official website: