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🦄 Unicorner Startup of the Week: Orangewood
✍️ Notes from the Editors
Today’s article is brought to you by Mercury. Learn about how they’re helping founders succeed with Mercury Raise.
Let’s say we had this crazy idea to build a sustainable drone delivery service. Here’s the thing: it’s sustainable cause the drones are edible. Made of cookies or something. Whatever. Don’t ask. Doesn’t matter.
Skipping ahead of all the logistical questions of how or why or what of edible drones—how in the world are you going to manufacture these things at scale? You probably need machines. Robots, like the ones in car factories. Except you can’t just walk up to a Best Buy and say “hey man I want a robot that can build me an edible drone.” Depends on the Best Buy, maybe.
Orangewood is making industrial robots accessible. That’s huge for startups. Can’t imagine what it would be like to hook up ChatGPT with them. Wait, Orangewood already basically does that too? We hope you enjoy today’s cover, written by contributor Jeremy Baum.
Are the robot arms gonna take over the world? |
AI-powered robotic arms for everyone
Orangewood is a company that builds and sells affordable robot arms for various industrial applications, such as visual inspection, painting, and pick and place. Each arm is made of automotive components that boast cheap repair costs and easily accessible parts for sale.
🔗 Check it out: orangewood.co
💰 Business Model
Orangewood operates on a Robots as a Service (RAAS) model, providing arms starting at $1500/month.
📈 Traction and Fundraising
Raised $4.1 million venture round with investors like 7percent Ventures, Y Combinator, and KSK Angel Fund
Participated in Y Combinator W18 batch
Currently employs 40 people
👫 Founders
Abhinav Das, CEO: Previously Consultant @ AutoNinja, Co-Founder and CEO @ Evomo, R&D Engineer @ Sona Koyo Steering Systems, Mechanical and Automation Engineering @ Guru Gobind Singh Indraprastha University
Aditya Bhatia, Co-Founder: Previously Furniture Designer @ studiolotus, Industrial Design Masters @ National Institute of Design, Mechanical Engineering Bachelors @ Maharshi Dayanand University
Akash Bansal, Co-Founder: Previously Evangelist @ 91springboard, Co-founder & COO of ZoukLoans, Summer Analyst @ Morgan Stanley, Management Degree @ Indian Institute of Management Ahmedabad, Economics Bachelors @ Duke University
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💼 Opportunities
Wildcard opening (United States)
Engineering (Various, India)
 | Interested in finding your next job? Interested in hiring talent from the Unicorner community? |
🔮 Our Analysis
Orangewood is truly achieving its goal of democratizing robots: its $5,000 robot arms made of automotive components are undercutting the competition, which starts at $35,000, and are powered by RoboGPT, which allows users to create custom programs for the robot arms using simple commands in natural language. RoboGPT also allows users to coordinate multiple robot arms to work together on a single project. The company’s idea is to create cheaper, compute-heavy robot arms because compute power is cheaper now, whereas other manufacturers are programming everything into the machine. With the affordable price of its machinery, it will be easy for mom-and-pop shops to reap the benefits of automated processes that are otherwise currently available only to large-scale corporations.
📚 Further Reading
Written by Jeremy Baum
Is this week's company a future unicorn? |
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