Complete List of All AI Companies Under $2 Billion Market Cap

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30. Richtech Robotics Inc. (NASDAQ:RR)

Market Capitalization: $275.54 Million

Number of Hedge Fund Holders: 1

Richtech Robotics Inc. (NASDAQ:RR) specializes in creating robotic and AI-driven automation solutions for the service industry. The company provides indoor transport, delivery, sanitation, and food and beverage automation through its advanced robotic systems, such as ADAM and ARM worker robots.

Its delivery robot lineup includes Matradee, Matradee X, Matradee L, Richie, and Robbie, while its cleaning solutions feature DUST-E SX and DUST-E MX. Richtech also offers accessories like bus tubs, cup holders, tray covers, magnetic tray cases, smartwatches, and table location systems. It serves industries like restaurants, hotels, casinos, hospitals, senior living centers, retail, factories, and theaters.

At CES, Richtech Robotics showed its advanced service robots for the hospitality and healthcare sectors, including an autonomous delivery robot, as per IoT World Today. Notable exhibits included Adam, an interactive robot for beverage service used in Walmart’s Ghost Kitchens, and Scorpion, an AI-powered one-arm robot for serving drinks in wine and spirits stores. According to Richtech Robotics President Matt Casella, while the company’s robots can perform diverse tasks across industries, their applications in food and beverage are particularly relatable and engaging for the public.

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