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: 51-100. Total funding raised: $368.6M. Latest round: Post-IPO. Key investors include Public stockholders (post-IPO), ATM / open-market purchasers (2025–2026), Institutional investor (Jan 2026 $38.7M private placement), Pre-IPO angel investors and founders' capital.
- Founded
- 2016
- Headquarters
- Las Vegas, Nevada, USA
- Team size
- 51-100
- Total funding
- $368.6M
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 / server assistant robot), ADAM (dual-arm AI beverage / service robot), Scorpion (single-arm AI bartender), DUST-E (autonomous cleaning robot), Titan (heavy-duty payload transport robot), Dex (mobile humanoid robot for industrial use), Pallet Jack / F3300 (AI-driven warehouse pallet jack)
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), Completed $21.2M acquisition of 79,325 sq ft Las Vegas warehouse/AI facility (May 29, 2026), Debuted AI-driven Pallet Jack robot; featured in first Humanoid Pavilion at Automate 2026 (June 2026), Board authorized $12M Class B stock repurchase program (August 2026)
Growth metrics
Publicly traded on Nasdaq (Ticker: RR); ~$302M cash as of June 30, 2026; RaaS and event-services mix growing; acquired 79k sq ft Las Vegas AI/robotics facility (May 2026).
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.
More Robotics / Embodied AI companies
Official website: https://richtechrobotics.com