Richtech Robotics
Las Vegas maker of service robots for hospitality and healthcare, including the ADAM robot, listed on Nasdaq as RR.
Richtech Robotics was founded in 2016 and is headquartered in Las Vegas, Nevada. It builds collaborative robots for the service industry, with a focus on hospitality and healthcare, and its products include ADAM, an AI powered robot for service businesses. The company says it operates in 37 US states and 80 cities and is led by president Matt Casella. On November 17, 2023 it priced an upsized initial public offering of 2,100,000 Class B shares at $5.00 each on the Nasdaq Capital Market under the ticker RR, for gross proceeds of $10.5 million before underwriting fees and expenses. R. F. Lafferty & Co. was sole book running manager and Revere Securities co-underwriter. The offering closed on November 21, 2023, and underwriters held a 45 day option to buy up to 315,000 more shares. In August 2026 the company announced a stock repurchase program.
- Latest funding
- $10.5M
- Total funding
- $10.5M
- Latest valuation
- —
- Founded
- 2016
- Country
- United States
- Nov 17, 2023IPO (Nasdaq initial public offering)$10.5M