Robots Are Critical to US Manufacturing, Says Standard Bots CEO

Bloomberg Technology
Bloomberg TechnologyJun 9, 2026

Why It Matters

StandardBots’ scaling could restore U.S. manufacturing competitiveness and set a precedent for policy‑driven tech protectionism, directly affecting supply chains and labor markets.

Key Takeaways

  • StandardBots raised $200 million to expand U.S. robot manufacturing.
  • Goal: capture 10% of all robots deployed in America.
  • Robots perform production work, not just pilot projects, 85% usage.
  • New training device lets non‑experts program robots via demonstration.
  • CEO urges Congress to ban Chinese robot competitors for security.

Summary

StandardBots, a New York‑based AI‑native industrial robot maker, announced a $200 million financing round that values the company at $1 billion. The capital will fund a massive expansion of its manufacturing capacity and R&D, while CEO Evan Beard is lobbying Congress to restrict Chinese robot imports on national‑security grounds.

Beard said the money will quadruple the firm’s 70,000‑square‑foot plant outside the city and meet a growing backlog of orders from sectors ranging from aerospace to data centers. About 85 % of the company’s deployed units are already performing production tasks, not pilot tests, positioning the robots as the “power tool of the 21st century.” A new handheld teaching device lets line workers program robots by demonstration, eliminating the need for specialist coders.

The firm’s first—and still‑long‑standing—client is a supplier for the Long Island Railroad, illustrating how even traditional infrastructure firms are adopting the technology. Beard likened robots to drills that amplify human productivity and cited Milton Friedman’s “spoon” analogy to argue that automation can create higher‑pay jobs rather than eliminate them.

If StandardBots reaches its target of 10 % of U.S. robot deployments, it could accelerate reshoring, improve manufacturing competitiveness against China, and reshape labor dynamics. The push for domestic robot production also dovetails with broader policy debates on supply‑chain security and the future of work.

Original Description

Standard Bots has raised $200 million in a new round of funding to ramp up manufacturing of robotic arms in the US as the country vies to keep pace with China in building more advanced robots. Standard Bots co-founder and CEO, Evan Beard joins Caroline Hyde to discuss on "Bloomberg Tech."
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