# Silicon Valley Bank closed by FDIC

- Show: [The Robot Report Podcast](https://hardwarepodcasts.com/podcast/the-robot-report-podcast)
- Published: 2023-03-10
- Length: 54m
- Page: https://hardwarepodcasts.com/podcast/the-robot-report-podcast/2023-03-10-silicon-valley-bank-closed-by-fdic
- Listen: https://soundcloud.com/robot-report-podcast/silicon-valley-bank-closed-by-fdic

## Summary

Hosts Steve Crowe and Mike Oitzman discuss the closure of Silicon Valley Bank (SVB) and its potential impact on robotics startups, noting that 44% of 2022 tech IPOs were backed by SVB. They then interview Rylan Hamilton, co-founder and CEO of 6 River Systems, who details his journey from Kiva Systems to founding 6 River Systems, which was acquired by Shopify for nearly $1 billion. Hamilton emphasizes that 6 River’s success with its AMR product, Chuck, stems from focusing on customer workflow and station design rather than just the robot hardware, and highlights the benefits of their integration with Shopify’s fulfillment network.

## Chapters

- [0:07](https://hardwarepodcasts.com/podcast/the-robot-report-podcast/2023-03-10-silicon-valley-bank-closed-by-fdic#t=7) Introduction and SVB Closure Overview
- [4:38](https://hardwarepodcasts.com/podcast/the-robot-report-podcast/2023-03-10-silicon-valley-bank-closed-by-fdic#t=278) Silicon Valley Bank Collapse and Startup Impact
- [16:20](https://hardwarepodcasts.com/podcast/the-robot-report-podcast/2023-03-10-silicon-valley-bank-closed-by-fdic#t=980) Industry News: +One Robotics and John Deere/Spark AI
- [24:25](https://hardwarepodcasts.com/podcast/the-robot-report-podcast/2023-03-10-silicon-valley-bank-closed-by-fdic#t=1465) Rylan Hamilton on Kiva Systems and 6 River Origins
- [30:41](https://hardwarepodcasts.com/podcast/the-robot-report-podcast/2023-03-10-silicon-valley-bank-closed-by-fdic#t=1841) Design Philosophy: Chuck and Station Design
- [39:38](https://hardwarepodcasts.com/podcast/the-robot-report-podcast/2023-03-10-silicon-valley-bank-closed-by-fdic#t=2378) The Shopify Acquisition and Integration
- [45:22](https://hardwarepodcasts.com/podcast/the-robot-report-podcast/2023-03-10-silicon-valley-bank-closed-by-fdic#t=2722) Future of Interoperability and ProMat Demo

## Topics

- [Robotics & autonomy](https://hardwarepodcasts.com/topic/robotics-and-autonomy)
- [Fundraising & investors](https://hardwarepodcasts.com/topic/fundraising)
- [Leadership, teams & culture](https://hardwarepodcasts.com/topic/leadership-and-culture)

## Most relevant to

early-stage companies, companies scaling up

## Mentioned

- Silicon Valley Bank (company)
- 6 River Systems (company)
- Kiva Systems (company)
- Shopify (company)
- Chuck (product)
- John Deere (company)
- Spark AI (company)
- iRobot (company)

## Related episodes from other shows

- [On Silicon Valley Bank with Eric Vishria](https://hardwarepodcasts.com/podcast/oxide-and-friends/2023-03-17-on-silicon-valley-bank-with-eric-vishria) (Oxide and Friends)
- [OpenAI's SORA 2 Drops + WE CALLED THE BUBBLE TOP + Shopping Agents Win](https://hardwarepodcasts.com/podcast/built-2-scale/2025-10-03-openais-sora-2-drops-we-called-the-bubble-top-shopping-agents-win) (Built 2 Scale)
- [Independent Investment Banking in Robotics, Automation, and AI with Cascadia Capital’s Firdaus Pohowalla](https://hardwarepodcasts.com/podcast/manufacturing-happy-hour/2022-02-08-independent-investment-banking-in-robotics-automation-and-ai-with-cascadia-capit) (Manufacturing Happy Hour)
- [Live from LA - Matt and Scotty’s Austin and LA adventures, plus NVIDIA and Google power plays](https://hardwarepodcasts.com/podcast/built-2-scale/2025-07-30-live-from-la-matt-and-scottys-austin-and-la-adventures-plus-nvidia-and-google-po) (Built 2 Scale)
- [SVB, the banking crisis and climatetech](https://hardwarepodcasts.com/podcast/catalyst/2023-03-30-svb-the-banking-crisis-and-climatetech) (Catalyst)

## Citing this page

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