Palladyne AI Corp.
PDYNW
NASDAQ Global Market0.04
USD
+0.00
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Palladyne AI Corp.
PDYNW
(NASDAQ Global Market)
Recent
price
0.04
P/E
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- -
div
yld
- -
ROIC.AI
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- Business
- Palladyne AI Corp. (PDYNW) develops and commercializes artificial intelligence software platforms for robotic systems, focusing on vision-enabled, deep learning-based solutions that enable machines to perceive, reason, and act autonomously in dynamic environments. The company's core products and services include the Palladyne IQ platform, which provides edge-based AI capabilities for real-time object detection, segmentation, tracking, and manipulation; customizable software modules for industrial automation, defense applications, and logistics; and integration services for OEMs and end-users deploying robots in unstructured settings such as manufacturing, warehousing, and security operations. These offerings target sectors including industrial robotics, unmanned systems, and autonomous machinery, with applications spanning object grasping, navigation, and human-robot collaboration. Headquartered in Salt Lake City, Utah, the company was originally founded in 2019 as Sarcos Technology and Robotics Corporation and rebranded to Palladyne AI Corp. in 2024 following a strategic pivot from hardware-centric robotics to pure-play AI software. Palladyne AI operates primarily in the United States, with expanding partnerships supporting deployments in North America and Europe. Recent major developments include the completion of its corporate rebranding and name change in early 2024 to reflect its sharpened focus on AI software; a strategic funding round in late 2024 to accelerate platform commercialization; and new product enhancements announced in 2025, such as advanced generative AI integrations for robotic adaptability. The company also formed key alliances with leading robotics manufacturers for pilot deployments and expanded its defense sector pipeline through U.S. government contracts. These initiatives position Palladyne AI for scaled revenue growth amid rising demand for edge AI in automation.
Palladyne AI to Participate in Jefferies 2026 Defense Tech Summit
Palladyne AI Appoints Retired Lieutenant General Sean Bernabe and Retired Brigadier General Gwyn Armfield to Defense Advisory Board
Palladyne AI Announces Employee Equity Awards
Palladyne AI Corp. (PDYN) Q1 2026 Earnings Call Transcript