Company Description
Palladyne AI Corp., a software company, focuses on delivering software that enhances the utility and functionality of third-party stationary and mobile robotic systems in the United States.
Its Artificial Intelligence (AI)/ Machine Learning (ML) Foundational Technology enables robots to observe, learn, reason, and act in structured and unstructured environments.
In addition, the company’s technologies enable robotic systems to perceive their environment and quickly adapt to changing circumstances by generalizing from their experience using dynamic real-time operations without extensive programming, training, or the latency associated with processing in the cloud.
Further, it offers Palladyne IQ used with industrial robots and cobots, enabling them to learn multiple tasks and handle disruptions or obstacles; and develops Palladyne Pilot for use with unmanned platform, such as Class 1 UAVs to enable persistent detection, identification, tracking, and classification of objects of interest by sharing situational awareness information across multiple drones that is derived by fusing multi-modal sensor data.
It serves industrial manufacturing, defense, infrastructure maintenance, repair and surveillance, energy, and aerospace and aviation industries.
The company was formerly known as Sarcos Technology and Robotics Corporation and changed its name to Palladyne AI Corp. in March 2024.
Palladyne AI Corp. is headquartered in Salt Lake City, Utah.
| Country | United States |
| Founded | 1983 |
| Industry | Software - Infrastructure |
| Sector | Technology |
| Employees | 71 |
| CEO | Benjamin Wolff |
Contact Details
Address: 650 South 500 West, Suite 150 Salt Lake City, Utah 84101 United States | |
| Phone | 888 927 7296 |
| Website | palladyneai.com |
Stock Details
| Ticker Symbol | PDYN |
| Exchange | NASDAQ |
| Stock Type | Common Stock |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| CIK Code | 0001826681 |
| CUSIP Number | 80359A205 |
| ISIN Number | US80359A2050 |
| SIC Code | 7372 |
Key Executives
| Name | Position |
|---|---|
| Benjamin G. Wolff J.D. | Co-Founder, President, Chief Executive Officer and Director |
| Dr. Denis Garagic | Co- Founder and Chief Technology Officer |
| Dr. Fraser Smith | Co-Founder and Chief Innovation Officer |
| Trevor Thatcher | Chief Financial Officer |
| Steve Sonne J.D. | Chief Legal Officer and Secretary |
| Kristi Martindale | Chief Commercial Officer |
| Matt Vogt | Chief Revenue Officer |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Feb 25, 2025 | 144 | Filing |
| Feb 24, 2025 | 144 | Filing |
| Feb 24, 2025 | 144 | Filing |
| Feb 24, 2025 | 144 | Filing |
| Feb 20, 2025 | 10-K | Annual Report |
| Feb 20, 2025 | 8-K | Current Report |
| Feb 19, 2025 | 8-K | Current Report |
| Feb 12, 2025 | SCHEDULE 13G/A | Filing |
| Jan 2, 2025 | SCHEDULE 13D/A | Filing |
| Dec 31, 2024 | SCHEDULE 13D/A | Filing |