The company’s three founders, Esben Østergaard, Kasper Støy and Kristian Kassow, meet at University of Southern Denmark in Odense. Together, they came up with the idea of creating a light robot that is easy to install and program while analyzing the special requirements for robots in the food industry. They could see that heavy, expensive and unwieldy robots dominated robotics and that there was a market for a more user-friendly option.
Universal Robots was officially founded in 2005, with the goal of making robot technology accessible to small and medium-sized enterprises. The establishment of the company was made possible by an investment by Syddansk Innovation.
The Danish State Investment Fund was convinced of Universal Robots’ potential and joined the management team and Syddansk Innovation in investing in the company.
The first products are sold by distributors in Denmark and Germany. Universal Robots’ first product was the UR5, a six-jointed articulated arm robot that revolutionised the market for industrial robots. The UR5 weighs 18 kg, has a lifting capacity of up to 5 kg and a working radius of 85 cm.
Universal Robots has expanded its business to include all of Europe.
Universal Robots enters the Asian market and establishes a local office in China.
Universal Robots’ UR10, is launched. It’s targeted towards larger tasks with a lifting ability of 10 kg and a reach of 130 cm. The company also establishes an American subsidiary, based in New York, USA. A total of 1,600 UR robots are installed and operating worldwide.
Universal Robots establishes a new subsidiary in Shanghai and also establishes a distributor network in South America and Oceania.
The company moves to its new headquarters on Energivej in Odense and expands its production area to a massive 12,000 m2. The third generation of the lightweight robot arms, UR5 and UR10, is introduced with a variety of new features at the AUTOMATICA Show in Munich, Germany.
Universal Robots also establishes a subsidiary in Barcelona, Spain.
With eight new adjustable safety rated functions, Universal Robots’ robot arms are the only robots in the world that intelligently adapt advanced safety settings to each specific application.
More than 3,500 UR robots are installed worldwide.
A new UR subsidiary for the APAC region opens in Singapore.
Universal Robots launches UR3 – the world’s most flexible, lightweight table-top robot to work alongside humans. The new 3 kilo payload robot for light assembly tasks and automated workbench scenarios is presented at trade shows in Shanghai, Chicago and Hannover.
Universal Robots is acquired by Teradyne for $285M. Teradyne is the leading supplier of automated test equipment used to test semiconductors, wireless products, data storage, and complex electronic systems. The company currently employs approximately 3,800 people worldwide. Universal Robots continues operations under same management while UR’s headquarters, R&D, and production facilities remain in Denmark. Learn more about Teradyne www.teradyne.com
Ranked #25 on MIT Technology Review’s list of the 50 Smartest Companies 2015 http://www.technologyreview.com/lists/companies/2015/