US founder builds $1-bn robotics startup after being rejected by 70 investors

American entrepreneur Evan Beard turned his robotics startup into a $1 billion company despite facing rejection from over 70 investors. Standard Bots, which he Co-founded and leads as CEO, now manufactures robots for customers including Amazon, NASA and Lockheed Martin. The breakthrough came when former Physical Intelligence Co-founder Lachy Groom agreed to invest in the venture.