About Berkshire Grey
Berkshire Grey is a company based in Boston (United States) founded in 2013 was acquired by SoftBank Group in March 2023.. Berkshire Grey has raised $263 million across 2 funding rounds from investors including SoftBank Group, Khosla Ventures and Canaan. Berkshire Grey offers products and services including Robotic Put Wall, Robotic Pick, and Robotic Package Sortation. Berkshire Grey operates in a competitive market with competitors including Third Wave Automation, RightHand Robotics, Kindred, GreyOrange and Agility Robotics, among others.
- Headquarter Boston, United States
-
Sectors
RetailTechnology Transportation, Automotive & Logistics Industrial Goods & Manufacturing
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$263 M (USD)
in 2 rounds
-
Latest Funding Round
$263 M (USD), Series B
Jan 21, 2020
-
Investors
SoftBank Group
& 4 more
-
Employee Count
Employee Count
- Acquired by
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 Berkshire Grey
Berkshire Grey offers a comprehensive portfolio of products and services, including Robotic Put Wall, Robotic Pick, and Robotic Package Sortation. 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.
Automates eCommerce order consolidation and returns processing
Picks and places items into conveyors or boxes efficiently
Handles and sorts large volumes of packages autonomously
Unlock access to complete
Unlock access to complete
Funding Insights of Berkshire Grey
Berkshire Grey has successfully raised a total of $263M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $263 million completed in January 2020. 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 2
- Last Round Series B — $263.0M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Series B - Berkshire Grey | Valuation | SoftBank Group | |
| Jun, 2013 | Amount | Seed - Berkshire Grey | 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 Berkshire Grey
Berkshire Grey has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include SoftBank Group, Khosla Ventures and Canaan. 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 |
|---|---|---|---|---|
|
Canaan is recognized as an early-stage venture capital firm.
|
Founded Year | Domain | Location | |
|
Early-stage startups are funded by this venture capital firm.
|
Founded Year | Domain | Location | |
|
Venture capital investments are offered to startups by NEA.
|
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 Berkshire Grey
| 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 - Berkshire Grey
| 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 |
Berkshire Grey Comparisons
Competitors of Berkshire Grey
Berkshire Grey 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 Third Wave Automation, RightHand Robotics, Kindred, GreyOrange and Agility 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 |
AI and cloud-driven automation is delivered for warehouse material handling.
|
|
| domain | founded_year | HQ Location |
AI-enabled robotic grippers for object picking are provided.
|
|
| domain | founded_year | HQ Location |
Provider of a pick and place robot for e-commerce applications
|
|
| domain | founded_year | HQ Location |
AI and SaaS-based robots for warehouse automation are provided.
|
|
| domain | founded_year | HQ Location |
Bipedal robots are developed for locomotion, navigation, and manipulation applications.
|
|
| domain | founded_year | HQ Location |
Autonomous mobile robots are supplied for warehouse operations.
|
| 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 Berkshire Grey
Frequently Asked Questions about Berkshire Grey
When was Berkshire Grey founded?
Berkshire Grey was founded in 2013.
Where is Berkshire Grey located?
Berkshire Grey is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Berkshire Grey?
Tom Wagner is the current CEO of Berkshire Grey.
Is Berkshire Grey a funded company?
Berkshire Grey is a funded company, having raised a total of $263M across 2 funding rounds to date.
What does Berkshire Grey do?
Berkshire Grey was founded in 2013 in Boston, United States. Automated material handling solutions are offered by the company, encompassing pick robots, pack robots, and store replenishment robots. Computer vision and artificial intelligence are integrated into these products. Operations focus on the retail, e-commerce, and logistics sectors, with services supporting automation needs in these industries.
Who are the top competitors of Berkshire Grey?
Berkshire Grey's top competitors include GreyOrange, Third Wave Automation and Agility Robotics.
What products or services does Berkshire Grey offer?
Berkshire Grey offers Robotic Put Wall, Robotic Pick, and Robotic Package Sortation.
Who are Berkshire Grey's investors?
Berkshire Grey has 5 investors. Key investors include SoftBank Group, Khosla Ventures, Canaan, Revolution Acceleration Acquisition Corp, and NEA.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.