About RoadBotics
RoadBotics is a company based in Pittsburgh (United States) founded in 2016 by Christoph Mertz, Ben Schmidt, and Mark DeSantis was acquired by Michelin in July 2022.. RoadBotics has raised $12.5 million across 4 funding rounds from investors including Michelin, Innovation Works and Wharton Alumni Angels. RoadBotics offers products and services including Better Roads and Safer Roads. RoadBotics operates in a competitive market with competitors including Waylens, Klimator, Dareesoft, vialytics and Advanced Mobility Analytics, among others.
- Headquarter Pittsburgh, United States
- Founders Christoph Mertz, Ben Schmidt, Mark DeSantis
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Sectors
TechnologyTransportation, Automotive & Logistics Government & Social Sector
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Website
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Products & Services of RoadBotics
RoadBotics offers a comprehensive portfolio of products and services, including Better Roads and Safer Roads. 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.
Service for evaluating and improving road conditions.
Solution for enhancing road safety through assessments.
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Funding Insights of RoadBotics
RoadBotics has successfully raised a total of $12.5M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $7.5 million completed in July 2019. 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 4
- Last Round Series A — $7.5M
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First Round
First Round
(08 Sep 2017)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2019 | Amount | Series A - RoadBotics | Valuation |
investors |
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| Nov, 2018 | Amount | Seed - RoadBotics | Valuation | Hyperplane | |
| Sep, 2017 | Amount | Seed - RoadBotics | Valuation | URBAN-X |
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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 RoadBotics
RoadBotics has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Michelin, Innovation Works and Wharton Alumni Angels. 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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Angel network of Wharton University alumni
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Hyperplane is engaged in providing seed capital to startups.
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Venture capital firm focused on AI-driven companies
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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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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 RoadBotics
| 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 - RoadBotics
| 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 |
Roadbotics Comparisons
Competitors of RoadBotics
RoadBotics 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 Waylens, Klimator, Dareesoft, vialytics and Advanced Mobility Analytics, 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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| domain | founded_year | HQ Location |
AI and cloud-enabled video-security solutions are offered for fleet monitoring.
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| domain | founded_year | HQ Location |
Road weather data is delivered through an online platform.
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| domain | founded_year | HQ Location |
Provider of AI-driven road hazard digitization solution
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| domain | founded_year | HQ Location |
Smart imaging solutions are provided for monitoring road conditions.
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| domain | founded_year | HQ Location |
Provider of AI and computer vision-based solutions for road transport
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| domain | founded_year | HQ Location |
LiDAR-based scanning software to automate the inspection of sidewalk systems
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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 Roadbotics
Frequently Asked Questions about RoadBotics
When was RoadBotics founded?
RoadBotics was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is RoadBotics located?
RoadBotics is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Who is the current CEO of RoadBotics?
Mark DeSantis is the current CEO of RoadBotics. They have also founded this company.
Is RoadBotics a funded company?
RoadBotics is a funded company, having raised a total of $12.5M across 4 funding rounds to date. The company's 1st funding round was a Seed of $100K, raised on Sep 08, 2017.
What does RoadBotics do?
RoadBotics was founded in 2016 in Pittsburgh, United States, focusing on AI-driven infrastructure in the transportation sector. A cloud-based platform is offered to assess and monitor road conditions, with results displayed on a GIS dashboard. Services are provided through yearly subscriptions scaled by road network length. Clients served include municipalities such as the City of Sedona, Bryan County in Georgia, and the City of Cumberland.
Who are the top competitors of RoadBotics?
What products or services does RoadBotics offer?
RoadBotics offers Better Roads and Safer Roads.
Who are RoadBotics's investors?
RoadBotics has 8 investors. Key investors include Michelin, Innovation Works, Wharton Alumni Angels, Hyperplane, and Radical Ventures.