New York Robotics has formally launched as a non-profit organisation, citing speedy progress in robotics startups, funding exercise, and expertise throughout New York Metropolis and the broader Tri-State area.
The group mentioned its ecosystem now contains greater than 160 robotics startups throughout New York, New Jersey, and Connecticut, with almost 100 primarily based in New York Metropolis alone. The figures underline the area’s rising function in robotics and embodied AI because the expertise strikes from analysis into business deployment.
New York Robotics mentioned the dimensions of exercise positions the area alongside established world robotics hubs similar to Boston, Silicon Valley, Pittsburgh, Munich, Zurich, and Denmark.
The launch coincided with New York Robotics sponsoring AlleyCorp’s inaugural Deep Tech NY convention, reflecting what the organisation describes as rising convergence between robotics innovation, enterprise capital, and enterprise adoption within the metropolis.
In line with New York Robotics, it has spent the previous two years constructing a broad community that features greater than 450 robotics startups globally, alongside greater than 80 firms, 20 educational establishments, over 40 robotics and embodied AI analysis labs, greater than 300 enterprise capital corporations, 45 authorities organisations, and greater than 150 service suppliers and ecosystem companions.
The organisation was shaped in January 2024 to deal with what it describes as a long-standing fragmentation in New York’s robotics group, regardless of the town’s focus of capital, clients, and technical expertise.
Its said intention is to unify that panorama and set up New York and the encircling area as a worldwide centre for robotics innovation and funding.
Jacob Hennessey-Rubin, founding board member and government director of New York Robotics, says: “Our imaginative and prescient is to leverage New York’s centrality on the worldwide expertise stage to turn out to be a number one hub for robotics innovation.
“It is a place the place researchers, entrepreneurs, business leaders, and traders can collaborate to form the way forward for robotics. By quickly increasing the ecosystem and elevating robotics as a severe funding class on Wall Road, we’re positioning New York for long-term management on this transformative sector.”
Randy Howie, a founding board member of New York Robotics, describes the organisation as an alternate for the sector.
“We see New York Robotics as a sort of alternate,” says Howie. “It’s a platform the place startups, enterprises, traders, academia, and authorities can join effectively, align incentives, and be certain that progress in robotics interprets into broad financial influence.”
A number of organisations have been named as founding members, together with J.P. Morgan, New York College, AlleyCorp, EisnerAmper and Cybernetix Ventures, alongside greater than a dozen different companions.
Aneeka Sajid, utilized expertise market government for JPMorgan’s Innovation Economic system enterprise, says: “JPMorgan is thrilled to assist the rise of New York’s robotics business.
“New York Robotics is constructing the inspiration for a vibrant ecosystem that may spark innovation, connection and alternative for the town’s founders and builders.”
New York Robotics has additionally launched a non-public beta of what it calls the NYR Index, an ecosystem intelligence platform designed to supply companions with knowledge and mapping throughout startups, traders, analysis labs, and enterprise contributors.
The organisation mentioned it has hosted or co-hosted greater than 20 occasions over the previous two years, together with the primary devoted robotics programming throughout NY TechWeek, aimed toward elevating the sector’s profile inside the metropolis’s broader expertise ecosystem.
Partnerships have additionally been shaped to assist utilized robotics and AI improvement, together with collaboration with C10 Labs, one of many operators chosen by NYCEDC for the NYC AI Nexus.
C10 Labs is targeted on constructing utilized AI ventures in robotics and superior manufacturing, in addition to healthcare, biotechnology, sustainability, and vitality.
Fady Saad, founder and managing companion of Cybernetix Ventures and a New York Robotics board member, says: “Robotics is crucial to fixing the world’s most urgent challenges. New York has the important thing elements to gas robotics innovation from inception to billion-dollar exits.”
Business contributors echo that view.
Evan Beard, founder and CEO of Commonplace Bots, says: “The New York metro space presents all the pieces it is advisable construct a robotics firm. The town’s vitality and alternatives entice high engineers from all over the world, whereas areas like Lengthy Island present the economic infrastructure essential to scale.”
Abe Murray, basic companion at AlleyCorp, says: “We see New York as important to the worldwide robotics group, and the work New York Robotics is doing to strengthen that community is vastly impactful to the longer term progress and success of so many startups right here within the metropolis.”
New York Robotics mentioned its founding, annual, and strategic companions embody organisations spanning finance, academia, manufacturing, and enterprise capital, because it seeks to formalise New York’s place as a serious centre for robotics improvement and deployment.
