Microagi Achieves $100 Million Annualized Revenue Run Rate Within Six Months of Launching Shift
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- HumanoidsDaily
Microagi has announced that it has reached a $100 million annualized revenue run rate just six months after the launch of its Shift platform, which collects human activity data for robot training. CEO Bercan Kilic made this announcement on October 9, highlighting the company's growth since Shift's introduction and its efforts to expand its research team and industrial robotics business.
This milestone is significant as it underscores Microagi's rapid growth in the physical AI sector, although the company did not disclose details on how the revenue is generated or the number of robots currently deployed. The announcement also follows the hosting of a Physical AI summit in Europe aimed at accelerating robot distribution, indicating a strategic push in the market.
Looking ahead, Microagi's chief research officer, Animesh Garg, emphasized the goal of deploying one million robots, suggesting that the company is focused on accumulating data and enhancing its research capabilities. No further timeline was disclosed at the time of publication.
Original report
Microagi Says It Reached $100 Million Revenue Run Rate in Six Months
HumanoidsDaily · [email protected] (Humanoids Daily Staff)This briefing is an independently written summary based on publicly available reporting and is provided for industry information and news discovery. The original report and source publication are credited and linked where applicable. RobotToday does not claim ownership of third-party source material.
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