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Founded Year



Reverse Merger | IPO

Total Raised


About Sarcos Robotics

Sarcos Robotics (NASDAQ: STRC) develops dexterous robotic systems. It offers The Guardian System, a wearable robotic exoskeleton that allows users to lift and move heavy objects with ease. It provides solutions for aviation, construction, shipyards, and more. The company was founded in 1983 and is based in Salt Lake City, Utah.

Headquarters Location

650 South 500 West Suite 150

Salt Lake City, Utah, 84101,

United States



Sarcos Robotics's Product Videos


Sarcos Robotics's Products & Differentiators

    Guardian XO

    Wearable strength amplifier for industrial jobs.


Research containing Sarcos Robotics

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Sarcos Robotics in 4 CB Insights research briefs, most recently on Jul 6, 2023.

Expert Collections containing Sarcos Robotics

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Sarcos Robotics is included in 3 Expert Collections, including Robotics.



2,342 items

This collection includes startups developing autonomous ground robots, unmanned aerial vehicles, robotic arms, and underwater drones, among other robotic systems. This collection also includes companies developing operating systems and vision modules for robots.


Oil & Gas Tech

1,008 items

Companies in the Oil & Gas Tech space, including those focused on improving operations across upstream, midstream, and downstream sectors, as well as those working on sustainable fuels.


Advanced Manufacturing

4,510 items

Companies in the advanced manufacturing tech space, including companies focusing on technologies across R&D, mass production, or sustainability

Sarcos Robotics Patents

Sarcos Robotics has filed 78 patents.

The 3 most popular patent topics include:

  • robotic exoskeletons
  • actuators
  • bipedal humanoid robots
patents chart

Application Date

Grant Date


Related Topics




Robotic manipulators, Robotics, Robot kinematics, Robots, Space robots


Application Date


Grant Date



Related Topics

Robotic manipulators, Robotics, Robot kinematics, Robots, Space robots



Latest Sarcos Robotics News

Sarcos pivots from robotics to AI software development

Nov 15, 2023

The Robot Report Listen to this article Sarcos’ Guardian XT was one of the core robotics solutions within the Sarcos product line that’s now being abandoned for a new software-based product strategy. | Image credit: Sarcos Sarcos Technology and Robotics Corporation has recently announced a strategic shift in its business focus, pivoting from robotics to a more significant, near-term opportunity presented by its robotic artificial intelligence (AI) and machine learning (ML) software platform. Laura Peterson, President and CEO of Sarcos, emphasized the crucial role of the software developed by the company over the years, stating, “Since I assumed the role of CEO in May, our leadership team has conducted an ongoing rigorous, data-driven analysis and review of our business, market opportunities, products and development programs.” Peterson explained, “We believe that our AI software platform will enable, for the majority of the industrial robots being sold around the world, a dramatic reduction in robotic training times while also making industrial robots far more agile, meaning they can perform more tasks with greater variability similar to how humans can perform a wide variety of tasks.” The vision for Sarcos’s AI software platform commenced in 2017 and progressed to its first CYTAR (Cybernetic Training for Autonomous Robots) government proposal in 2019. Chief Technology Officer Dr. Denis Garagić joined the company in 2020, initiating significant design and development work. The company plans to engage existing customers to determine the next steps in each relationship. The majority of Sarcos’ government contracts are related to AI software development and are key to the go-forward strategy. In 2022, Sarcos acquired  RE2 Robotics , a Pittsburgh-based developer of autonomous and teleoperated mobile robotic systems, for $100 million. The company seemed to double down on this acquisition earlier this year when it announced a number of changes to the company that aimed to grow revenue and leverage strategic opportunities that show the greatest market traction and meet customer demand. These changes included focusing on robotic systems for subsea, aviation, and the solar end market. Sarcos has secured AI software development contracts with the U.S. Air Force, providing funding for the platform’s development and opportunities for real-world testing. Peterson anticipates bringing a version of the AI software platform, compatible with most industrial robots, to market in the first half of 2024, with additional features planned for release by the end of next year. Sarcos was one of the innovators in the robotic exoskeleton market as this historical lineup of products shows the evolution from generation to generation. The company has a strong history of leveraging government contracts to fund its development. | Credit: The Robot Report To align with this strategic shift, Sarcos has decided to suspend commercialization efforts on its subsea, aviation, and solar robotics hardware programs. Peterson noted, “With the need to ensure we have sufficient financial resources to pursue our software opportunity, we have made the difficult decision to suspend for the foreseeable future commercialization efforts on our subsea, aviation and solar robotics hardware programs. We will, however, continue to address these markets through our AI/ML software platform.” The company also told The Robot Report that by suspending the commercialization efforts on the subsea, aviation, and solar robotics hardware programs for the foreseeable future, they intend to target these markets through the AI/ML software platform. Furthermore, Sarcos’ robotic systems will be used for further development and testing of its AI/ML software. The company believes that this software platform will enable a dramatic reduction in robotic training times while also making industrial robots far more agile. The company believes this strategic decision will allow Sarcos to reach a broader market more quickly by separating its AI and ML software from its robotic systems. Peterson believes that “By de-coupling our AI and ML software from our own robotic systems, we believe we can reach a much broader market more quickly.” Laying off 150 employees The product portfolio shift necessitates a reduction in Sarcos’s workforce by approximately 150 employees. Peterson acknowledged the difficulty of such decisions, stating, “While it is always a difficult decision to make staffing cuts, especially one this significant, it is important that Sarcos is resourced appropriately and that we are good stewards of our capital.” It has been a tumultuous year for Sarcos as this announcement follows a layoff of 75 individuals from the company in July 2023 and the hiring of Peterson in May 2023 to replace prior CEO Kiva Allgood. Third quarter 2023 net loss was $29.0 million or $1.13 per share, compared to a net loss of $22.5 million or $0.89 per share in the third quarter of the prior year. Revenue is down, as total revenue in the third quarter of 2023 was $1.8 million, compared to $4.7 million in the third quarter of 2022. According to the latest financial report , revenues decreased on a year-over-year basis due to fewer product development contracts being worked during the current year, offset slightly by an increase in product revenue.

Sarcos Robotics Frequently Asked Questions (FAQ)

  • When was Sarcos Robotics founded?

    Sarcos Robotics was founded in 1983.

  • Where is Sarcos Robotics's headquarters?

    Sarcos Robotics's headquarters is located at 650 South 500 West, Salt Lake City.

  • What is Sarcos Robotics's latest funding round?

    Sarcos Robotics's latest funding round is Reverse Merger.

  • How much did Sarcos Robotics raise?

    Sarcos Robotics raised a total of $85.63M.

  • Who are the investors of Sarcos Robotics?

    Investors of Sarcos Robotics include Palantir, Rotor Acquisition, Rotor Capital, Microsoft, SLB and 11 more.

  • Who are Sarcos Robotics's competitors?

    Competitors of Sarcos Robotics include ULS Robotics and 4 more.

  • What products does Sarcos Robotics offer?

    Sarcos Robotics's products include Guardian XO and 4 more.

  • Who are Sarcos Robotics's customers?

    Customers of Sarcos Robotics include Ameren, GE, US Navy and 3 more.


Compare Sarcos Robotics to Competitors


Verve offers a wearable robotic system. It develops a soft exosuit that assists with repetitive bending and lifting. It is a hydration vest with force applied in parallel to the back and thigh musculature. Verve was founded in 2020 and is based in Cambridge, Massachusetts.

Crimson Dynamics

Crimson Dynamics is dedicated and experienced in developing industrial exoskeletons for specific tasks. Its design principle is to provide assistive force and protection as well as long-time wearing comfort for a variety of industrial working conditions. By creating practical and affordable exoskeletons, the company aims to boost efficiency, reducing human fatigue and preventing injuries.

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ULS Robotics

ULS Robotics is an exoskeleton robot developer designed to aid manual workers in their jobs. Its products include upper limb suits which offer up to ten kilograms of lift across workers' shoulders, while suits focused around users' waists provide up to extra twenty kilograms of lift. Its products are used in the automotive industry, airport ground service, high-end equipment manufacturing, logistics, military, emergency rescue, scientific research institute, and other sectors. The company was founded in 2018 and is based in Shanghai, China.

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InteSpring is an engineering consultancy firm that specializes in the development of energy balancing solutions. The company's main offerings include the development of systems that balance force and gravity to enhance the performance of humans and devices, with a particular focus on integrated spring systems, wearable devices, and human interactive mechanisms. InteSpring primarily serves sectors such as the medical industry, defense, and logistics. It was founded in 2006 and is based in Delft, Netherlands.

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Mobius Bionics

Mobius Bionics is a medical device company that operates in the healthcare sector, specifically focusing on advanced prosthetic technologies. The company's main product is a modular prosthetic arm, designed for different levels of amputation, which can be controlled by various input devices and features multiple pre-programmed grip patterns. The primary market for these products is the healthcare industry, particularly serving upper-limb amputees. It is based in Manchester, New Hampshire.

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Marsi Bionics

Marsi Bionics develops exoskeletons that give mobility to injured and disabled people. It offers modular gait exoskeletons, ranging from single-joint active orthoses to full trunk, hip, knee, ankle, and foot active orthoses. The company was founded in 2013 and is based in Madrid, Spain.


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