About Myrmex
Myrmex is a company based in Palo Alto (United States) founded in 2015 was acquired by Ocado Group in May 2022.. Myrmex offers products and services including Grocery E-Commerce Solutions, Grocery Pickup, E-Commerce Pickup, and Staging Unit. Myrmex operates in a competitive market with competitors including Nuro, Einride, Serve Robotics, Marble and Refraction AI, among others.
- Headquarter Palo Alto, United States
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Sectors
Transportation, Automotive & LogisticsIndustrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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- Legal Name Myrmex Limited
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Ocado Group
(May 23, 2022)
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Products & Services of Myrmex
Myrmex offers a comprehensive portfolio of products and services, including Grocery E-Commerce Solutions, Grocery Pickup, E-Commerce Pickup, and Staging Unit. 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.
Automated systems for managing grocery e-commerce orders and delivery.
Robotic tools for efficient customer order pickup in retail settings.
Solutions for staging and handling e-commerce orders with robots.
Equipment for order preparation and van loading in delivery processes.
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Funding Insights of Myrmex
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2020 | Amount | Seed - Myrmex | Valuation | Ocado Group |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Myrmex
Myrmex has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Ocado Group. 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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Software solutions for online grocery fulfillment and operations are provided.
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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 Myrmex
| 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 |
Financial Statements - Myrmex
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Myrmex Comparisons
Competitors of Myrmex
Myrmex 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 Nuro, Einride, Serve Robotics, Marble and Refraction AI, 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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AI-enabled autonomous vehicles are developed for local goods deliveries.
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Autonomous electric trucks are manufactured for freight and emissions management.
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| domain | founded_year | HQ Location |
Autonomous delivery robots are developed for food and parcel services.
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Autonomous robots are deployed for intra-city deliveries.
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AI-enabled autonomous robots are provided for last-mile logistics delivery.
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| domain | founded_year | HQ Location |
AI-enabled intelligent delivery robots are provided for logistics applications.
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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 Myrmex
Frequently Asked Questions about Myrmex
When was Myrmex founded?
Myrmex was founded in 2015 and raised its 1st funding round 5 years after it was founded.
Where is Myrmex located?
Myrmex is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
What does Myrmex do?
Myrmex was founded in 2015 in Palo Alto, United States, and operates in the robotics and logistics sector. Mobile robotic units are developed to prepare and deliver grocery orders at designated pickup points. Batch handling of orders is supported to enable faster replenishment processes. Returns of items are facilitated through the system. Cash payments are accepted, and temperature-controlled units compliant with HASP standards are utilized.
Who are the top competitors of Myrmex?
Myrmex's top competitors include Nuro, Einride and Serve Robotics.
What products or services does Myrmex offer?
Myrmex offers Grocery E-Commerce Solutions, Grocery Pickup, E-Commerce Pickup, and Staging Unit.
Who are Myrmex's investors?
Myrmex has 1 investor. Key investors include Ocado Group.
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