About Avidbots
Avidbots is a company based in Kitchener (Canada) founded in 2014 by Faizan Sheikh and Pablo Molina.. Avidbots has raised $96.64 million across 6 funding rounds from investors including BDC, Kensington Capital Partners and Jeneration. The company has 34 employees as of April 08, 2024. Avidbots offers products and services including Neo, Neo 2W, and Kas. Avidbots operates in a competitive market with competitors including Skyline Robotics, Hayward, Lucid Bots, Gaoxian Robotics and Left Hand Robotics, among others.
- Headquarter Kitchener, Canada
- Employees 34 as on 08 Apr, 2024
- Founders Faizan Sheikh, Pablo Molina
-
Sectors
Business ServicesIndustrial Goods & Manufacturing
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Avidbots India Private Limited
- Date of Incorporation 22 Mar, 2022
- Jurisdiction Serilingampally, Telangana, India
-
Annual Revenue
$172.16 K (USD)0as on Mar 31, 2023
-
Net Profit
$15.41 K (USD)0as on Mar 31, 2023
-
EBITDA
$31.65 K (USD)0as on Mar 31, 2023
-
Total Equity Funding
$96.64 M (USD)
in 6 rounds
-
Latest Funding Round
$70 M (USD), Series C
Sep 27, 2022
-
Investors
BDC
& 13 more
-
Employee Count
34
as on Apr 08, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Avidbots
Avidbots offers a comprehensive portfolio of products and services, including Neo, Neo 2W, and Kas. 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.
Robot for efficient warehouse floor cleaning with AI navigation.
Advanced robot for retail and manufacturing floor maintenance.
Compact robot designed for tight spaces in various facilities.
Unlock access to complete
Unlock access to complete
Funding Insights of Avidbots
Avidbots has successfully raised a total of $96.64M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $70 million completed in September 2022. 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 6
- Last Round Series C — $70.0M
- First Round First Round
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Series C - Avidbots | Valuation | Jeneration | |
| Mar, 2019 | Amount | Series B - Avidbots | Valuation | True Ventures | |
| May, 2018 | Amount | Series A - Avidbots | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Avidbots
Avidbots has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include BDC, Kensington Capital Partners and Jeneration. 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 |
|---|---|---|---|---|
|
Venture and private equity firm
|
Founded Year | Domain | Location | |
|
Venture capital firm supporting AI founders through investments and community.
|
Founded Year | Domain | Location | |
|
Venture investments in systems, infrastructure, and applications for enterprise founders.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Avidbots
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Avidbots
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Avidbots Comparisons
Competitors of Avidbots
Avidbots 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 Skyline Robotics, Hayward, Lucid Bots, Gaoxian Robotics and Left Hand Robotics, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of AI-based window cleaning robots
|
|
| domain | founded_year | HQ Location |
Manufacturer of pool and spa equipment for residential and commercial pools, offering environmentally responsible and cutting-edge products
|
|
| domain | founded_year | HQ Location |
Provider of tech enabled cleaning solutions through autonomous robotic products for dull, dirty, and dangerous jobs
|
|
| domain | founded_year | HQ Location |
Cleaning robot platforms and accessories are provided for service applications.
|
|
| domain | founded_year | HQ Location |
Autonomous snow clearing robots are developed for roadways.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Avidbots
Frequently Asked Questions about Avidbots
When was Avidbots founded?
Avidbots was founded in 2014.
Where is Avidbots located?
Avidbots is headquartered in Kitchener, Canada. It is registered at Kitchener, Ontario, Canada.
Who is the current CEO of Avidbots?
JJ Ethridge is the current CEO of Avidbots.
Is Avidbots a funded company?
Avidbots is a funded company, having raised a total of $96.64M across 6 funding rounds to date. The company's 1st funding round was a Series A of $3M, raised on May 12, 2014.
How many employees does Avidbots have?
As of Apr 08, 2024, the latest employee count at Avidbots is 34.
What is the annual revenue of Avidbots?
Annual revenue of Avidbots is $172.16K as on Mar 31, 2023.
What does Avidbots do?
Avidbots was founded in 2014 in Kitchener, Canada, within the robotics sector focused on commercial cleaning solutions. Autonomous floor-scrubbing robots, such as the Neo model, are offered with touch-screen interfaces, cameras, sensors, dynamic mapping, and obstacle-avoidance capabilities for navigation in facilities including airports, retail spaces, educational institutions, warehouses, and healthcare centers. A cloud-based application is utilized for real-time fleet monitoring and retrieval of cleaning reports, productivity metrics, and coverage maps.
Who are the top competitors of Avidbots?
Avidbots's top competitors include Peppermint Robotics, Hayward and Skyline Robotics.
What products or services does Avidbots offer?
Avidbots offers Neo, Neo 2W, and Kas.
Who are Avidbots's investors?
Avidbots has 14 investors. Key investors include BDC, Kensington Capital Partners, Jeneration, True Ventures, and Next47.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.