About Evolution Robotics
Evolution Robotics is a company based in Pasadena (United States) founded in 2001 was acquired by iRobot in September 2012.. Evolution Robotics has raised $13.88 million across 2 funding rounds from investors including iRobot, Vodafone and Datalogic. The company has 15,380 employees as of December 31, 2024. Evolution Robotics has completed 4 acquisitions, including Galaxy Gaming, Livespins and NetEnt. Evolution Robotics offers products and services including Live Baccarat, Live Poker, Live Roulette, Live Blackjack, and Slots. Evolution Robotics operates in a competitive market with competitors including MPL, Betfair Group, Flutter Entertainment, Superbet and FDJ, among others.
- Headquarter Pasadena, United States
- Employees 15380 as on 31 Dec, 2024
- Stage Public
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
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- Legal Name Evolution Ab
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Annual Revenue
$2.14 B (USD)14.3as on Dec 31, 2024
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Net Profit
$1.29 B (USD)15.76as on Dec 31, 2024
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EBITDA
$1.46 B (USD)10.91as on Dec 31, 2024
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Total Equity Funding
$13.88 M (USD)
in 2 rounds
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Latest Funding Round
$165.29 K (USD), Grant
Sep 01, 2015
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Investors
iRobot
& 6 more
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Employee Count
15380
as on Dec 31, 2024
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Investments & Acquisitions
Galaxy Gaming
& 3 more
- Acquired by
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IPO & Listings of Evolution Robotics
Evolution Robotics is a publicly listed company on the OMXSTO with ticker symbol EVO in Sweden, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Evolution Robotics
Evolution Robotics offers a comprehensive portfolio of products and services, including Live Baccarat, Live Poker, Live Roulette, Live Blackjack, and Slots. 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.
Interactive online card game with live dealers for players.
Real-time poker variant featuring live interaction and betting.
Wheel-based game with live dealers for immersive gambling.
Card game against dealer with live streaming and options.
Variety of slot games with themes and bonus features online.
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Funding Insights of Evolution Robotics
Evolution Robotics has successfully raised a total of $13.88M across 2 strategic funding rounds. The most recent funding activity was a Grant round of $165.29 thousand completed in September 2015. 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 Grant — $165,289
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First Round
First Round
(10 Nov 2008)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2015 | Amount | Grant - Evolution Robotics | Valuation |
investors |
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| Nov, 2008 | Amount | Series B - Evolution Robotics | Valuation | CMEA Capital |
| 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 Evolution Robotics
Evolution Robotics has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include iRobot, Vodafone and Datalogic. 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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Startups in diverse technology sectors are incubated by Idealab.
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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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Venture capital is directed toward companies in multiple sectors.
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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 Evolution Robotics
Evolution Robotics has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Galaxy Gaming, Livespins and NetEnt. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of a social casino gaming platform
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2017 | ||||
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Online casino slot games are developed for various platforms.
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2004 | ||||
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Casino table games and technology are developed and distributed.
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2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Evolution Robotics
| 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 |
Evolution Robotics Comparisons
Competitors of Evolution Robotics
Evolution Robotics 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 MPL, Betfair Group, Flutter Entertainment, Superbet and FDJ, 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 |
Real money skill-based gaming is facilitated through an online platform.
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| domain | founded_year | HQ Location |
Online sports betting exchange services are operated internationally.
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| domain | founded_year | HQ Location |
Gambling services are provided via sports betting and online platforms.
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| domain | founded_year | HQ Location |
Online gambling platform
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| domain | founded_year | HQ Location |
FDJ is operated as a leading lottery and gambling provider in France.
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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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Latest news on Evolution Robotics
Frequently Asked Questions about Evolution Robotics
When was Evolution Robotics founded?
Evolution Robotics was founded in 2001 and raised its 1st funding round 7 years after it was founded.
Where is Evolution Robotics located?
Evolution Robotics is headquartered in Pasadena, United States. It is registered at Pasadena, California, United States.
Is Evolution Robotics a funded company?
Evolution Robotics is a funded company, having raised a total of $13.88M across 2 funding rounds to date. The company's 1st funding round was a Series B of $13.88M, raised on Nov 10, 2008.
How many employees does Evolution Robotics have?
As of Dec 31, 2024, the latest employee count at Evolution Robotics is 15,380.
What is the annual revenue of Evolution Robotics?
Annual revenue of Evolution Robotics is $2.14B as on Dec 31, 2024.
What does Evolution Robotics do?
Evolution Robotics was founded in 2001 in Pasadena, United States, and operates in the robotics sector. Solutions for robotic applications are developed, including the MINT robot for hard-surface floor cleaning. The ERSPA platform is offered as a software infrastructure for projects involving computer vision, navigation, path planning, and human-robot interaction. Operations focus on intelligent products and development tools for robotics functionality.
Who are the top competitors of Evolution Robotics?
Evolution Robotics's top competitors include MPL, Baazi Games and Flutter Entertainment.
What products or services does Evolution Robotics offer?
Evolution Robotics offers Live Baccarat, Live Poker, Live Roulette, Live Blackjack, and Slots.
Is Evolution Robotics publicly traded?
Yes, Evolution Robotics is publicly traded on OMXSTO under the ticker symbol EVO.
How many acquisitions has Evolution Robotics made?
Evolution Robotics has made 4 acquisitions, including Galaxy Gaming, Livespins, and NetEnt.
Who are Evolution Robotics's investors?
Evolution Robotics has 7 investors. Key investors include iRobot, Vodafone, Datalogic, European Union, and CMEA Capital.
What is Evolution Robotics's ticker symbol?
The ticker symbol of Evolution Robotics is EVO on OMXSTO.
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