About Refraction AI
Refraction AI is a company based in Ann Arbor (United States) founded in 2017. Refraction AI has raised $4.2 million across 1 funding round from investors including eLab Ventures, Pillar VC and Osage Venture Partners. The company has 21 employees as of December 31, 2021. Refraction AI operates in a competitive market with competitors including Changsha Xingshen Intelligent Technology, Yika Zhiche, Marble, LOMBY and Neolix, among others.
- Headquarter Ann Arbor, United States
- Employees 21 as on 31 Dec, 2021
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Sectors
Transportation, Automotive & LogisticsIndustrial Goods & Manufacturing
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Phone
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Website
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Social
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- Legal Name Refraction Ai, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.2 M (USD)
in 1 rounds
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Latest Funding Round
$4.2 M (USD), Seed
Mar 08, 2021
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Investors
eLab Ventures
& 6 more
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Employee Count
21
as on Dec 31, 2021
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Funding Insights of Refraction AI
Refraction AI has successfully raised a total of $4.2M through 1 strategic funding round. The most recent funding activity was a Seed round of $4.2 million completed in March 2021. 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.
Investors in Refraction AI
Refraction AI has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include eLab Ventures, Pillar VC and Osage Venture Partners.
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Early-stage venture capital fund investing in B2B software startups
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Investor details for Refraction AI
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Investments & Acquisitions by Refraction AI
Investment portfolio details for Refraction AI
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Financial Statements - Refraction AI
Detailed financials for Refraction AI
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Refraction Ai Comparisons
Peer comparison for Refraction AI
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Competitors of Refraction AI
Refraction AI 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 Changsha Xingshen Intelligent Technology, Yika Zhiche, Marble, LOMBY and Neolix, among others.
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AI-enabled intelligent delivery robots are provided for logistics applications.
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Unmanned ground vehicle robots are developed for commercial applications.
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Autonomous robots are deployed for intra-city deliveries.
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Last-mile delivery robots and labor-saving solutions are provided.
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AI-enabled autonomous delivery vehicles are developed for logistics.
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Detailed competitors of Refraction AI
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Latest news on Refraction Ai
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Frequently Asked Questions about Refraction AI
Refraction AI was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Refraction AI is headquartered in Ann Arbor, United States. It is registered at Ann Arbor, Michigan, United States.
Luke Schneider is the current CEO of Refraction AI.
Refraction AI is a funded company, having raised a total of $4.2M across 1 funding round to date.
As of Dec 31, 2021, the latest employee count at Refraction AI is 21.
Refraction AI provides autonomous robots for last-mile logistics. Its offering includes Rev-1, a 3-wheeled last-mile goods delivery robot for urban areas. It navigates using 12 camera sensors and can operate in the traditional car and bike lanes by moving at a speed of 24 kmh. It can pick up goods from places like restaurants, pharmacies, and grocery stores and deliver them to the customers address. The customer needs to use the received pin code with the robots screen to gain access to the storage compartment and take their respective orders.
Refraction AI's top competitors include Yika Zhiche, Marble and LOMBY.
Refraction AI has 7 investors. Key investors include eLab Ventures, Pillar VC, Osage Venture Partners, Trucks Venture Capital, and Invest Michigan.