About Modbot
Modbot is a company based in Melbourne (Australia) founded in 2013. Modbot offers products and services including Custom Hardware Solutions, E-Mobility Drivetrains, and Intelligent Exercise Machines. Modbot operates in a competitive market with competitors including RightHand Robotics, Agile Robots, Gecko Robotics, Bright Machines and Vicarious, among others.
- Headquarter Melbourne, Australia
- SectorsTechnologyIndustrial Goods & Manufacturing
- Website modbot.com
- Social LinkedIn X Facebook
- Legal Name Modbot Inc
- InvestorsAutodesk
& 3 more
Products & Services of Modbot
Modbot offers a comprehensive portfolio of products and services, including Custom Hardware Solutions, E-Mobility Drivetrains, and Intelligent Exercise Machines.
Designs tailored hardware for robotics and automation
Develops drivetrains for electric mobility applications
Creates smart machines for fitness and exercise tech
Funding Insights of Modbot
- Total Rounds 1
- Investors Count 4
All 1 funding rounds of Modbot with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2016 | – | Seed | – | Eclipse, AME Cloud Ventures | – |
4 investors in total: 4 institutional.
Investors in Modbot
Modbot has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Autodesk, Eclipse and AME Cloud Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investments are made by Eclipse across multiple sectors. | – | eclipse.vc | Palo Alto, United States | |
AME Cloud Ventures is focused on investing in data-driven technology companies. | – | amecloudventures.com | Palo Alto, United States | |
Global tech startups are invested in stage-agnostically by Visionnaire Ventures. | – | visionnaire.vc | San Francisco, United States | |
Provider of cloud-based 3D CAD modeling software for the AEC industry | 1982 | autodesk.com | San Francisco, United States |
Investor details for Modbot
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Modbot
2 dated milestones of Modbot across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Modbot is founded.
- Funding First funding round.
Competitors of Modbot
Modbot 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 RightHand Robotics, Agile Robots, Gecko Robotics, Bright Machines and Vicarious, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| righthandrobotics.com | 2014 | Cambridge, United States | $125.32M | 57 | AI-enabled robotic grippers for object picking are provided. | |
| agile-robots.com | 2018 | Munich, Germany | $250M | 116 | Deep learning-based vision for autonomous robot perception is provided. | |
| geckorobotics.com | 2013 | Pittsburgh, United States | $354.25M | 223 | Wall-climbing robots are developed for boiler inspections at power plants. | |
| brightmachines.com | 2018 | San Francisco, United States | $385M | – | Full-stack automation solutions for electronics manufacturing are provided. | |
| vicarious.com | 2010 | San Francisco, United States | $123.02M | 175 | AI-based robotic arms are developed for industrial automation tasks. | |
| rethinkrobotics.com | 2008 | Boston, United States | $149.52M | 51 | Collaborative robots are developed for manufacturing to boost efficiency. | |
| osaro.com | 2014 | San Francisco, United States | $86.75M | 58 | Provider of pick and place robotic solutions | |
| co.bot | 2022 | Santa Clara, United States | $140M | – | Intelligent robots are developed for collaboration with humans in workplaces. | |
| yaskawa-global.com | 1915 | Germany | – | – | Motion control, robotics, and system engineering solutions are provided globally. | |
| comau.com | 1973 | Turin, Italy | – | 962 | Automation and robotic systems are manufactured for industrial applications. |
Detailed competitors of Modbot
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Modbot
Complete news archive for Modbot
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Modbot
10 companies that operate in the same segment as Modbot (Autonomous & Service Robotics), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-powered robots are provided as companions for children. | 2015 | Mumbai, Maharashtra, India | USD 106.21 M | – | – | |
Domestic cleaning robots are provided by iRobot. | 1990 | New Bedford, Massachusetts, United States | USD 13 M | USD 666.43 M | 541 | |
Service robots for education, home assistance, and security are developed. | 2012 | Shenzhen, Guangdong, China | USD 1.34 B | USD 278.58 M | 2,190 | |
Robotic arms are provided for mobility and rehabilitation support. | 2004 | Boston, Massachusetts, United States | USD 17.21 M | USD 40.93 M | 185 | |
Cleaning robots for homes are offered by an internet-first brand. | 2020 | Suzhou, Jiangsu, China | USD 550.6 M | – | – | |
Exoskeletons for medical rehabilitation and industrial productivity are provided. | 2005 | United States | USD 24.37 M | USD 71.6 M | 61 | |
Humanoid social robots are provided for homes and businesses. | 2012 | Tokyo, Tokyo, Japan | USD 117.21 M | – | – | |
Cleaning robots are offered by Narwal as an internet-first brand. | 2016 | Dongguan, Guangdong, China | USD 115.62 M | – | – | |
Manufacturer of robotic pool cleaning equipment | 1983 | Afula, Northern District, Israel | – | – | – | |
Cleanliness and safety robots are manufactured by ECOVACS Robotics. | 2006 | China | – | – | – |
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Frequently Asked Questions about Modbot
Modbot was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Modbot is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
Modbot provides robot building blocks that can be assembled into different forms according to the desired functionality. These affordable and re-usable modules provides high precision at low costs. They offers a complete robot development platform that includes a sophisticated integrated servo, a plug and play joint, a link with network and power cabling integrated, a phone app interface for rapid prototyping and an in-browser virtual simulation collaboration system. The mobile app is used to program the recorded key-frames and repeated sequences wirelessly, and upload the data to the cloud using Modbot Virtual Robot Builder. It can be transformed into a smooth camera holder, car simulator or a prosthetic leg. Part of Highway1.io, a hardware accelerator program.
Modbot's top competitors include Vicarious, Yaskawa and Gecko Robotics.
Modbot offers Custom Hardware Solutions, E-Mobility Drivetrains, and Intelligent Exercise Machines.
Modbot has 4 investors. Key investors include Autodesk, Eclipse, AME Cloud Ventures, and Visionnaire Ventures.
Modbot operates through Modbot Inc.