Texas: DFW-based RobotLAB is Utilizing a Franchising Model to Deploy its AI Robots Across the U.S.

The Nagraths are veterans in the franchising business. Under the umbrella of their company Requis Inc., RequisTech provides accounting, HR, payroll, digital marketing, and analytics services to franchise owners at more than 500 brand locations like Baskin Robbins, SuperCuts, and Days Inn. RequisSalon runs around 120 SuperCuts, SmartStyles, and CostCutters locations across seven states, and RequisHospitality runs a hotel in Sulphur, Louisiana, and is in the process of acquiring more properties.  

Despite no venture capital funding for RobotLAB, led by CEO and Founder Elad Inbar, the company is growing quickly, on track to reach $20 million in revenue at the end of 2023. The revenue through the first two quarters of 2023 has already surpassed the entirety of last year. Within two years, Inbar is aiming to surpass the $100 million threshold. 

RobotLAB boasts more than 40 robots across seven categories in its catalog: school, higher ed, restaurants, cleaning, delivery, hospitality, and assisted living.  

https://www.dmagazine.com/business-economy/2023/07/dfw-based-robotlab-is-utilizing-a-franchising-model-to-deploy-its-ai-robots-across-the-u-s/