Most robotics companies die trying to build their first product. Alex Wyatt spent seven years building the platform so the second product took seven weeks.

When August Robotics launched their exhibition robot in November 2019, it blew up - standing ovation, early revenue, real momentum. Then COVID hit. Exhibitions banned globally for 23 months. Zero revenue. Total cliff.

But under that first robot was something almost no robotics company ever builds: a platform: autonomous navigation accurate to 3mm, custom localisation, fleet coordination, modular architecture. The long, painful, expensive work that many startups can't survive.

Then it paid off.

→ Seven weeks from concept to prototype for their drilling robot

→ Google as their first demo and customer

→ 50,000 holes drilled across US data centres

→ DeWalt partnership unlocking entire tool ecosystems

→ More robots spinning out in months, not years

Alex is also opening an AI and data centre in Melbourne, choosing to build the next layer of August's platform from Australia, not just Silicon Valley or Shenzhen.

This episode breaks down the real hardware platform playbook: robot collaboration that collapses workflows, de-risking with hyperscaler customers, and why the "third way" of robotics creates network effects in physical space. Alex also talks about surviving 23 months of zero revenue, going from Blackbird LP to portfolio founder, and why he waited a decade for the timing to actually be right.

If you're building hardware from Australia, fundraising deep tech, or wondering when long-horizon bets actually flip into growth - this is the one.

Market View: Profits at big US banks, Societe Generate rate-rigging settlement, Rovio, Merck, ESR-Logos REIT, ST Engineering, Orange juice futures, Comba Telecom share buyback