About Modular Robotics
Modular Robotics is a company based in Boulder (United States) founded in 2008.. Modular Robotics has raised $9.1 million across 13 funding rounds from investors including National Science Foundation and Foundry. Modular Robotics has completed 1 acquisition, including Dexter Industries. Modular Robotics offers products and services including Cubelets Robot Blocks, Cubelets Apps, Discovery Set, and Curiosity Set. Modular Robotics operates in a competitive market with competitors including Makeblock, Robo Wunderkind, Luxrobo, Avishkaar and Shape Robotics, among others.
- Headquarter Boulder, United States
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Sectors
TechnologyEducation
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Phone
*********
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Website
*********
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Social
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- Legal Name Modular Robotics Incorporated
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9.1 M (USD)
in 13 rounds
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Latest Funding Round
$3.1 M (USD), Series A
Nov 13, 2014
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Investors
National Science Foundation
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Modular Robotics
Modular Robotics offers a comprehensive portfolio of products and services, including Cubelets Robot Blocks, Cubelets Apps, Discovery Set, and Curiosity Set. 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.
Modular blocks for building and programming robots educationally
Applications for enhancing robot block behaviors and coding
Introductory set for exploring basic robotics concepts
Set for advanced robot building and experimentation
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Funding Insights of Modular Robotics
Modular Robotics has successfully raised a total of $9.1M across 13 strategic funding rounds. The most recent funding activity was a Series A round of $3.1 million completed in November 2014. 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 13
- Last Round Series A — $3.1M
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First Round
First Round
(02 Dec 2008)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2014 | Amount | Series A - Modular Robotics | Valuation |
investors |
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| Apr, 2014 | Amount | Series A - Modular Robotics | Valuation |
investors |
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| Jan, 2014 | Amount | Grant - Modular Robotics | Valuation |
investors |
| 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 Modular Robotics
Modular Robotics has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include National Science Foundation and Foundry. 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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Venture capital is invested in early-stage tech startups.
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Founded Year | Domain | Location | |
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A government-backed foundation providing seed-stage investments to support small businesses.
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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 Modular Robotics
Modular Robotics has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Dexter Industries. 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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Educational Robotics kits for different platforms
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2009 |
| 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 - Modular 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 |
Modular Robotics Comparisons
Competitors of Modular Robotics
Modular 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 Makeblock, Robo Wunderkind, Luxrobo, Avishkaar and Shape 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 |
Robotic kits for coding education are offered by Makeblock.
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| domain | founded_year | HQ Location |
Smartphone controlled robotic device for kids to learn coding and robotics
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| domain | founded_year | HQ Location |
DIY robot kits for code learning are provided by Luxrobo.
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| domain | founded_year | HQ Location |
Robotics, AI, and coding STEM kits and courses are retailed.
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| domain | founded_year | HQ Location |
Robots are offered for STEAM learning via AI-powered educational platforms.
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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 Modular Robotics
When was Modular Robotics founded?
Modular Robotics was founded in 2008.
Where is Modular Robotics located?
Modular Robotics is headquartered in Boulder, United States. It is registered at Boulder, Colorado, United States.
Is Modular Robotics a funded company?
Modular Robotics is a funded company, having raised a total of $9.1M across 13 funding rounds to date. The company's 1st funding round was a Grant of $1.02M, raised on Dec 02, 2008.
What does Modular Robotics do?
Modular Robotics was founded in 2008 in Boulder, United States, within the educational robotics sector. Robot construction kits are developed, featuring combinable sensors, logic blocks, and actuators that enable children to assemble reconfigurable robots displaying complex behaviors. Operations focus on two product lines: Moss, which includes 16 pieces and 56 steel spheres for proximity- or light-responsive builds; and Droplets, consisting of modular robotic blocks for custom constructions.
Who are the top competitors of Modular Robotics?
Modular Robotics's top competitors include Shape Robotics, Robo Wunderkind and Makeblock.
What products or services does Modular Robotics offer?
Modular Robotics offers Cubelets Robot Blocks, Cubelets Apps, Discovery Set, and Curiosity Set.
How many acquisitions has Modular Robotics made?
Modular Robotics has made 1 acquisition, including Dexter Industries.
Who are Modular Robotics's investors?
Modular Robotics has 2 investors. Key investors include National Science Foundation, and Foundry.
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