About Neato Robotics
Neato Robotics is a company based in Newark (United States) founded in 2005 was acquired by Vorwerk Ventures in September 2017.. Neato Robotics has raised $48.6 million across 5 funding rounds from investors including Noventi Ventures and Vorwerk Ventures. The company has 115 employees as of December 31, 2021. Neato Robotics operates in a competitive market with competitors including iRobot, Pura, Trifo, RolliBot and Scent Fill, among others.
- Headquarter Newark, United States
- Employees 115 as on 31 Dec, 2021
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Sectors
TechnologyConsumer
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$48.6 M (USD)
in 5 rounds
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Latest Funding Round
$14 M (USD), Series D
Aug 13, 2013
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Investors
Noventi Ventures
& 1 more
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Employee Count
115
as on Dec 31, 2021
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Acquired by
Vorwerk Ventures
(Sep 20, 2017)
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Funding Insights of Neato Robotics
Neato Robotics has successfully raised a total of $48.6M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $14 million completed in August 2013. 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 5
- Last Round Series D — $14.0M
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First Round
First Round
(24 Jan 2007)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2013 | Amount | Series D - Neato Robotics | Valuation |
investors |
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| Apr, 2012 | Amount | Series D - Neato Robotics | Valuation | Noventi , Vorwerk Ventures |
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| Oct, 2010 | Amount | Series C - Neato Robotics | Valuation |
investors |
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| 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 Neato Robotics
Neato Robotics has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Noventi Ventures and Vorwerk Ventures. 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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Investment firm focused on technology ventures and private equity.
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Founded Year | Domain | Location | |
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Vorwerk Ventures is engaged in venture capital funding for tech startups.
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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 Neato Robotics
| 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 - Neato 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 |
Neato Robotics Comparisons
Competitors of Neato Robotics
Neato 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 iRobot, Pura, Trifo, RolliBot and Scent Fill, 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 |
Domestic cleaning robots are provided by iRobot.
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| domain | founded_year | HQ Location |
Smart home fragrance diffusers and premium scents are supplied.
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| domain | founded_year | HQ Location |
Manufacturer of AI-based vacuum cleaning robots for homes
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| domain | founded_year | HQ Location |
Online retailer of smart home devices including vacuums and portable appliances.
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| domain | founded_year | HQ Location |
Customizable essential oil-based air fresheners are offered online.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Neato Robotics
Frequently Asked Questions about Neato Robotics
When was Neato Robotics founded?
Neato Robotics was founded in 2005 and raised its 1st funding round 2 years after it was founded.
Where is Neato Robotics located?
Neato Robotics is headquartered in Newark, United States. It is registered at Newark, New Jersey, United States.
Who is the current CEO of Neato Robotics?
Thomas Nedder is the current CEO of Neato Robotics.
Is Neato Robotics a funded company?
Neato Robotics is a funded company, having raised a total of $48.6M across 5 funding rounds to date. The company's 1st funding round was a Series C of $13.94M, raised on Jan 24, 2007.
How many employees does Neato Robotics have?
As of Dec 31, 2021, the latest employee count at Neato Robotics is 115.
What does Neato Robotics do?
Neato Robotics was founded in 2005 in Newark, United States, within the consumer robotics sector. Robotic household appliances, focused on vacuum cleaners, are created using laser range finders and SLAM algorithms for mapped, systematic cleaning. Products are distributed globally via brick-and-mortar and online retailers. Design processes are handled in California, with manufacturing outsourced to China.
Who are the top competitors of Neato Robotics?
Who are Neato Robotics's investors?
Neato Robotics has 2 investors. Key investors include Noventi Ventures, and Vorwerk Ventures.