About 6River Systems
6River Systems is a company based in Boston (United States) founded in 2015 was acquired by Shopify in September 2019.. 6River Systems has raised $46.66 million across 4 funding rounds from investors including Shopify, iRobot and Norwest Venture Partners. 6River Systems offers products and services including Ocado Mobile Robot System, Ocado Storage & Retrieval System, and OCADEx Robotic Handling Solutions. 6River Systems operates in a competitive market with competitors including GreyOrange, Third Wave Automation, Agility Robotics, Kindred and Symbotic, among others.
- Headquarter Boston, United States
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Sectors
Transportation, Automotive & LogisticsIndustrial Goods & Manufacturing Technology
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Phone
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Website
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Social
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- Legal Name 6 River Systems, Inc.
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Products & Services of 6River Systems
6River Systems offers a comprehensive portfolio of products and services, including Ocado Mobile Robot System, Ocado Storage & Retrieval System, and OCADEx Robotic Handling Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Intelligent system for warehouse picking and fulfillment operations.
Cubic AS/RS for efficient goods-to-person inventory management.
Automation for integration in warehouse handling processes.
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Operations Team
45 people
Finance and Accounting
42 people
Software Development Team
41 people
Human Resources and Administration
31 people
Leadership Team
28 people
Senior Team
26 people
Head Team
18 people
Product Management Team
16 people
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Funding Insights of 6River Systems
6River Systems has successfully raised a total of $46.66M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $25 million completed in April 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $25.0M
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First Round
First Round
(09 Nov 2015)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Series B - 6River Systems | Valuation | Menlo Ventures | |
| Jul, 2017 | Amount | Series A - 6River Systems | Valuation | Norwest Venture Partners | |
| Mar, 2016 | Amount | Seed - 6River Systems | Valuation | Eclipse |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 6River Systems
6River Systems has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Shopify, iRobot and Norwest Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage venture capital firm investing in AI, healthcare, and tech sectors.
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Founded Year | Domain | Location | |
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location | |
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Early-stage investments are made by Eclipse across multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 6River Systems
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 6River Systems
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
6River Systems Comparisons
Competitors of 6River Systems
6River Systems operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as GreyOrange, Third Wave Automation, Agility Robotics, Kindred and Symbotic, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
AI and SaaS-based robots for warehouse automation are provided.
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| domain | founded_year | HQ Location |
AI and cloud-driven automation is delivered for warehouse material handling.
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| domain | founded_year | HQ Location |
Bipedal robots are developed for locomotion, navigation, and manipulation applications.
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| domain | founded_year | HQ Location |
Provider of a pick and place robot for e-commerce applications
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| domain | founded_year | HQ Location |
Warehouse automation solutions are developed using AI and robotics technology.
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| domain | founded_year | HQ Location |
Automated robotic solutions are provided for warehouse operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about 6River Systems
When was 6River Systems founded?
6River Systems was founded in 2015.
Where is 6River Systems located?
6River Systems is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is 6River Systems a funded company?
6River Systems is a funded company, having raised a total of $46.66M across 4 funding rounds to date. The company's 1st funding round was a Seed of $6.66M, raised on Nov 09, 2015.
What does 6River Systems do?
6River Systems was founded in 2015 and is based in Boston, United States. The company operates in the warehouse automation sector, where robots are developed to assist associates in fulfillment centers. The primary product, Chuck, is a cloud-connected robot that guides workers through zones for operations including picking, counting, and sorting. It features a 160-pound lifting capacity along with configurable slots and lighting for various product and tote setups.
Who are the top competitors of 6River Systems?
6River Systems's top competitors include GreyOrange, Third Wave Automation and Agility Robotics.
What products or services does 6River Systems offer?
6River Systems offers Ocado Mobile Robot System, Ocado Storage & Retrieval System, and OCADEx Robotic Handling Solutions.
Who are 6River Systems's investors?
6River Systems has 5 investors. Key investors include Shopify, iRobot, Norwest Venture Partners, Menlo Ventures, and Eclipse.
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