COMPANY PROFILE

Palladyne AI

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Combining human intelligence, instinct, and judgment with robotic strength, endurance, and precision

Salt Lake City, United StatesFounded 1983Robotics

Valuation $100–250M Last recorded · 2025

Revenue $10–50M Latest reported FY

Headcount 100–500 Current team size

Total funding $100–500M Disclosed equity funding

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About Palladyne AI

Palladyne AI, formerly Sarcos Technology and Robotics Corporation, is a company that has shifted its focus towards providing advanced software solutions for robotic systems. The company develops and offers artificial intelligence and machine learning software designed to enhance the capabilities of third-party robots, both stationary and mobile. Their core product, Palladyne IQ, aims to imbue robots with the ability to observe their environment, learn from it, and execute tasks with a degree of autonomy that mimics human-like reasoning and action.

The company's business model is centered on software that can be integrated into a variety of robotic platforms across different industries. This allows them to cater to a broad market of businesses that are looking to automate or augment their operations without replacing their existing robotic hardware. The target clients are likely in sectors such as logistics, manufacturing, and aviation, as evidenced by their collaboration with Changi Airport Group to develop an automated baggage loading system.

Palladyne AI's revenue is likely generated through licensing of their software to businesses that use robotic systems. By focusing on software, the company positions itself as a provider of intelligence for the growing robotics industry, moving away from the capital-intensive business of manufacturing robotic hardware.

MoreLess Source: Dealroom company data

At a glance

Status: Operational
Founded: 1983
Headquarters: Salt Lake City, United States
Employees: 175
Open positions: None listed
Dealroom signal: 69.8/100
Industry: Robotics
Sector: Robotics, Industrial Automation, Industry 4.0, Spinout, Disability tech, Sustainable Development Goals, SPAC Target, SPAC IPO Announced
Technology: Artificial Intelligence, Hardware, Deep Tech, IoT InternetOfThings
Business model: Manufacturing
Client focus: b2b
Investment activity: 2 companies, latest Nov 2025
Capital deployed: —
Preferred round: ACQUISITION
Links: Website LinkedIn X

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Funding history

8 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
PRIVATE PLACEMENT VCOther financing	Apr 2021	$220M	$1.3B	Palantir · SLB · BlackRock · Millennium Management	—
SPAC IPOOther financing	Apr 2021	$276M	$1.3B	Rotor Acquisition Corp	—

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Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Year	Revenue	Growth	EBITDA	Margin
2026
2025
2024
2023
2022
2021
2020		—

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Growth signals

Palladyne AI website traffic

Latest recorded traffic for Palladyne AI is 8.8K monthly website visits, down 26.7% over the last three months. Palladyne AI's team declined 3.8% over the past year.

Latest monthly visits8.8K 3-month web change-26.7% 1-year team growth-3.8%

Monthly website visitsJan 2017–Oct 2020

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