About Symbotic
Symbotic is a company based in Wilmington (United States) founded in 2007 by Richard B Cohen was acquired by Walmart in June 2022.. The company has 1,650 employees as of September 30, 2024. Symbotic has completed 2 acquisitions, including OhmniLabs and Veo Robotics. Symbotic offers products and services including Symbotic System, A.I.-Powered Software, and Intelligent Robotics. Symbotic operates in a competitive market with competitors including GreyOrange, Third Wave Automation, RightHand Robotics, Kindred and Agility Robotics, among others.
- Headquarter Wilmington, United States
- Employees 1650 as on 30 Sep, 2024
- Founders Richard B Cohen
- Stage Public
-
Sectors
Transportation, Automotive & LogisticsIndustrial Goods & Manufacturing Technology
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Symbotic Inc.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
IPO & Listings of Symbotic
Symbotic is a publicly listed company on the NASDAQ with ticker symbol SYM in USA, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Symbotic
Symbotic offers a comprehensive portfolio of products and services, including Symbotic System, A.I.-Powered Software, and Intelligent Robotics. 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.
End-to-end platform for transforming supply chain operations.
Orchestrates robots to optimize warehouse efficiency and accuracy.
Autonomous robots with vision for speed and precise handling.
Unlock access to complete
Unlock access to complete
Software Development Team
214 people
Senior Team
43 people
Leadership Team
28 people
Principal Team
15 people
Operations Team
11 people
System Team
11 people
Human Resources and Administration
9 people
Product Management Team
8 people
Unlock access to complete
Funding Insights of Symbotic
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Symbotic
Symbotic has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Walmart. 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 |
|---|---|---|---|---|
|
Multinational retail corporation
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Symbotic
Symbotic has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include OhmniLabs and Veo Robotics. 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 |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Safety systems for robots are developed with depth-sensing cameras.
|
2016 | ||||
|
Telepresence robots are developed for elderly home connectivity and monitoring.
|
2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Symbotic
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Symbotic Comparisons
Competitors of Symbotic
Symbotic 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 GreyOrange, Third Wave Automation, RightHand Robotics, Kindred and Agility 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 |
AI and SaaS-based robots for warehouse automation are provided.
|
|
| domain | founded_year | HQ Location |
AI and cloud-driven automation is delivered for warehouse material handling.
|
|
| domain | founded_year | HQ Location |
AI-enabled robotic grippers for object picking are provided.
|
|
| domain | founded_year | HQ Location |
Provider of a pick and place robot for e-commerce applications
|
|
| domain | founded_year | HQ Location |
Bipedal robots are developed for locomotion, navigation, and manipulation applications.
|
|
| domain | founded_year | HQ Location |
Automated robotic solutions are provided for warehouse operations.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Symbotic
Frequently Asked Questions about Symbotic
When was Symbotic founded?
Symbotic was founded in 2007.
Where is Symbotic located?
Symbotic is headquartered in Wilmington, United States. It is registered at Wilmington, Delaware, United States.
Who is the current CEO of Symbotic?
Richard B Cohen is the current CEO of Symbotic. They have also founded this company.
How many employees does Symbotic have?
As of Sep 30, 2024, the latest employee count at Symbotic is 1,650.
What is the annual revenue of Symbotic?
Annual revenue of Symbotic is $1.79B as on Sep 30, 2024.
What does Symbotic do?
Symbotic was founded in 2007 in Wilmington, United States, and operates in the warehouse automation sector. AI and robotics are utilized to create material handling systems, including proprietary automated guided vehicles (AGVs) that transport racks to picking stations. Modular components such as pick-and-put racks and robots are offered, allowing scalability for various warehouse operations.
Who are the top competitors of Symbotic?
Symbotic's top competitors include GreyOrange, Third Wave Automation and Agility Robotics.
What products or services does Symbotic offer?
Symbotic offers Symbotic System, A.I.-Powered Software, and Intelligent Robotics.
Is Symbotic publicly traded?
Yes, Symbotic is publicly traded on NASDAQ under the ticker symbol SYM.
How many acquisitions has Symbotic made?
Symbotic has made 2 acquisitions, including OhmniLabs, and Veo Robotics.
Who are Symbotic's investors?
Symbotic has 1 investor. Key investors include Walmart.
What is Symbotic's ticker symbol?
The ticker symbol of Symbotic is SYM on NASDAQ.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.