India, Nov. 14 -- An American entrepreneur who struggled to secure funding for his robotics startup, facing rejection from more than 70 investors, has gone on to build a company valued at $1 billion. Evan Beard, co-founder and CEO of Standard Bots, has transformed his struggling venture into a growing robotics manufacturer whose customers include Amazon, NASA and Lockheed Martin.

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According to a Business Insider report published on November 12, Beard's company had just three customers in 2024 and was running dangerously low on funds. Despite repeated setbacks, he continued pursuing his ambition of making industrial r...