What Richtech Robotics does

Richtech Robotics Inc. (NASDAQ: RR) is a Las Vegas-headquartered, publicly traded designer and operator of AI-driven service robots, founded in 2007 with approximately 18 years of robotics innovation and 11+ patents. Its product portfolio spans dual-armed humanoid robots (ADAM, DEX), beverage and delivery robots (Scorpion, Matradee Plus), autonomous cleaning robots (DUST-E S), and heavy-duty industrial autonomous mobile robots (Titan, AI-Driven Pallet Jack), targeting hospitality, industrial/manufacturing, healthcare, cleaning services, and automotive retail verticals that face acute labor shortages. Core technology layers NVIDIA's Jetson Thor edge computing and Isaac robotics platform for embodied AI, with SoundHound AI voice integration planned for natural-language interaction, and a Las Vegas GPU-enabled data center under development for World Action Model training. The company pursues a hybrid go-to-market combining direct enterprise sales, a Robotics-as-a-Service (RaaS) subscription model, hardware sales ($17,000–$100,000 per unit), short-term rentals, and data services distributed via the Microsoft Azure Marketplace and European channel partner NewConsultancy B.V. Named deployments and demonstrations include NVIDIA HQ, Walmart, Mercedes-Benz of Plano, Vegas Golden Knights, and the tm:rw Times Square tech store, with over 450 robots cumulatively deployed.\n\nFinancially, Richtech generates approximately $5M in annual revenue but is significantly loss-making, with net losses reported around $20.6M and a business model transition from hardware sales to RaaS subscriptions causing near-term revenue compression. The company holds substantial cash reserves (reported $271.8M–$328.5M) that account for a large share of its ~$466M market capitalization, funded in part by an August 2024 $21M public offering and a January 2026 at-the-market equity placement that more than doubled the share count to ~197.7M. Governance and disclosure risks are material: Richtech faces securities class action lawsuits and a fiduciary duty investigation over alleged misrepresentation of a Microsoft relationship, a Nasdaq notice for a late Form 10-Q filing, and an announced restatement of fiscal 2024 and 2025 financial statements, alongside a change of auditor to CBIZ CPAs P.C. Stock has declined 30–45% year-to-date against this backdrop, while the company continues to expand product lines, geographic reach, and channel partnerships.

Name

Richtech Robotics

Legal name

Richtech Robotics Inc.

Website

https://richtechrobotics.com

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

51–100 employees

Short description

Richtech Robotics (NASDAQ: RR) is a Las Vegas-based AI-driven service robotics company that designs, sells, and rents humanoid, beverage, delivery, cleaning, and industrial robots to hospitality, manufacturing, healthcare, and automotive customers under hardware, rental, and Robotics-as-a-Service models.

Ownership category

akta.pro rank

Product category

Service Robotics

NAICS

Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing (333924), Commercial and Service Industry Machinery Manufacturing (3333), Computer Systems Design and Related Services (54151)

SIC

Industrial Trucks, Tractors, Trailors & Stackers (3537), General Industrial Machinery & Equipment (3560)

akta.pro primary industry

Service & Hospitality Robots (HDAAAIAB)

akta.pro secondary industries

Industrial & Warehouse Robotics (HDAAAIAA), Humanoid & General-Purpose Robots (HDAAAIAJ), Robot Software, Autonomy Stacks & Simulation (ROS, digital twins) (HDAAAIAK)

Keywords

• Service robotics
• Humanoid robots
• Hospitality automation
• Autonomous cleaning
• Robotic delivery

Headquarters

HQ city

Las Vegas

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Supply Chain, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Robotics-as-a-Service (RaaS): The company operates a Robotics-as-a-Service business model targeting hospitality, healthcare, and cleaning industries. RaaS subscriptions provide robots on a recurring basis, allowing operators to deploy automation without large upfront capital investments while generating predictable recurring revenue.
2. Hardware Sales: Direct sale of robotic systems including ADAM, DUST-E S, Matradee Plus, Scorpion, and Titan robots to enterprise customers seeking ownership rather than subscription models.
3. Data Services: Richtech Robotics offers data services through the Microsoft Azure Marketplace, providing analytics and insights from robot operations alongside the physical fleet deployment.
4. Robot Rentals: Short-term rental options for robots, allowing customers to trial robotic solutions before committing to purchase or long-term RaaS subscriptions.

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels7 records

Core offering

Richtech Robotics designs, manufactures, and deploys AI-driven service robots for hospitality, industrial, and commercial applications. Its portfolio includes the dual-armed ADAM humanoid for food and beverage service, Scorpion beverage robot, Matradee Plus delivery robot, DUST-E S cleaning robot, Titan industrial mobile robot, DEX industrial humanoid, and AI-driven pallet jack. The company sells hardware units and offers Robotics-as-a-Service (RaaS) subscriptions, robot rentals, and data services through direct enterprise sales, the Microsoft Azure Marketplace, and channel partners.

Product overview

Richtech Robotics offers a portfolio of AI-driven service robots for hospitality, industrial, and commercial applications. The core product line includes ADAM (dual-armed humanoid for food/beverage service), Scorpion (beverage service robot), Matradee Plus (delivery robot), DUST-E S (autonomous cleaning), Titan (heavy-duty industrial), DEX (industrial humanoid for packaging), and AI-Driven Pallet Jack. The company operates under a Robotics-as-a-Service (RaaS) subscription model alongside direct sales and rental options. Products leverage NVIDIA technology stacks for AI capabilities and are available through Microsoft Azure Marketplace for enterprise deployment. Strategic partnerships include SoundHound AI for voice AI integration and NewConsultancy for European distribution.

Differentiator

Problem solved

Functional benefit

Products and services

• ADAM
• DEX Humanoid Robot
• DUST-E S
• Matradee Plus
• Scorpion Beverage Robot
• Titan
• AI-Driven Pallet Jack Robot
• Robotics-as-a-Service (RaaS)
• Data Services
• Robot Rentals

Quantifiable outcome

• 450+ robots deployed across customer environments
• +2 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability8 records

Feature7 records

Partnerships

Six partnerships are on record, tiered strategic, emerging and core.

• SoundHound AIstrategicTechnology or Integration · 7 May 2026Non-binding letter of intent to integrate SoundHound's agentic voice AI technology into Richtech's robotic systems, starting with demonstration on Scorpion robot for beverage service applications. Companies exploring broader commercial opportunities including co-marketing, bundled solutions, and potential RaaS subscription offerings. Live demonstration planned for 2026 National Restaurant Association Show.
• SoundHound AIemergingStrategic or Co-development Partner · 7 May 2026Non-binding letter of intent for prospective partnership to integrate voice AI into hospitality robots, extending SoundHound's voice technology from digital channels into physical service environments. Demonstration planned with voice-enabled Scorpion robot at National Restaurant Association Show.
• MicrosoftcoreGTM or Marketing Partner · 29 April 2026Richtech Robotics listed its service robots and data services on Microsoft Azure Marketplace, enabling customers to leverage Azure cloud platform for streamlined deployment and management. The company previously announced collaboration with Microsoft through AI Co-Innovation Labs, though this relationship has been disputed in securities litigation. CEO Wayne Huang stated marketplace availability represents a significant step in global growth objectives for RaaS model.
• NewConsultancy B.V.strategicChannel Partner/ Reseller/ Distributor · 8 April 2026Distribution agreement with Netherlands-based NewConsultancy B.V. to deploy AI-driven service robots across the Netherlands and broader European Union/Schengen region. NewConsultancy provides local deployment, service, and customer support for hospitality and logistics automation solutions. Partnership follows company's successful exhibition at ProWein 2025.
• Columbia UniversitystrategicStrategic or Co-development Partner · 19 February 2025Partnership with Columbia University to advance AI and robotics research, as reported in Columbia Spectator. Represents academic collaboration for robotics and AI development.
• NVIDIAcoreTechnology or Integration · 27 January 2025Strategic technology partnership leveraging NVIDIA Jetson Thor edge computing technology and NVIDIA Isaac robotics platform for ADAM humanoid robot and other robotics solutions. ADAM serves cocktails at NVIDIA HQ. NVIDIA Sim2Real training used for DEX humanoid in NVIDIA Isaac Sim. Partnership enables advanced embodied AI capabilities.

Scale indicators9 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Bear Robotics: Bear Robotics develops the Servi line of autonomous service robots for restaurants and hospitality, directly competing with Richtech's Matradee Plus, ADAM, and Scorpion in food/beverage delivery and table service.
• Serve Robotics: Serve Robotics builds autonomous sidewalk delivery robots for last-mile food and retail delivery, sharing the autonomous mobile robot category and hospitality/restaurant delivery use case with Richtech's Matradee Plus.
• Pudu Robotics: Pudu Robotics manufactures service robots for restaurants, hotels, and retail (BellaBot, KettyBot, FlashBot), overlapping directly with Richtech's hospitality delivery, cleaning, and front-of-house automation offerings.
• Miso Robotics: Miso Robotics builds kitchen automation robots (Flippy, CookRight) for restaurant food prep and frying, addressing the same hospitality/food-service labor-shortage pain points Richtech targets with ADAM.
• Keenon Robotics: Keenon produces service and delivery robots for hospitality, hotels, and restaurants (including the DINERBOT and BUTLERBOT lines), competing head-to-head with Richtech's hospitality automation portfolio across global markets.

Broad incumbents

• SoftBank Robotics: SoftBank Robotics (Pepper, Whiz) is a long-established broad incumbent in service and hospitality robotics, addressing customer engagement, cleaning, and warehouse logistics use cases that overlap with Richtech's portfolio.
• Figure AI: Figure AI is a heavily-funded humanoid robotics developer (Figure 01/02) targeting general-purpose commercial deployment — a broader, better-capitalized competitor to Richtech's ADAM and DEX humanoids in the same eventual use cases.
• 1X Technologies: 1X Technologies (backed by OpenAI) builds the NEO humanoid robot for home and commercial service tasks, competing in the broader embodied AI / humanoid space Richtech addresses with ADAM and DEX.
• Apptronik: Apptronik develops the Apollo general-purpose humanoid robot for industrial and commercial applications, overlapping with Richtech's DEX industrial humanoid ambitions in warehouse and manufacturing settings.
• LG CLOi: LG's CLOi line of commercial service robots targets hotels, restaurants, airports, and retail with delivery, cleaning, and guidance robots — a broad incumbent competing in many of the same verticals as Richtech.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/richtechrobots
• Facebookfacebook.com/Richtech-Robotics-104331798592384
• LinkedInlinkedin.com/company/richtech-robotics

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Richtech Robotics