About Thoro
Thoro is a company based in Pittsburgh (United States) founded in 2021 by Patrick Mondi and Daniel Beave.. Thoro has raised $18.8 million across 3 funding rounds. The company has 14 employees as of December 31, 2022. Thoro offers products and services including Autonomy Stack and Cloud Reporting Tools. Thoro operates in a competitive market with competitors including Vicarious, RightHand Robotics, Agile Robots, Gecko Robotics and Universal Robots, among others.
- Headquarter Pittsburgh, United States
- Employees 14 as on 31 Dec, 2022
- Founders Patrick Mondi, Daniel Beave
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Sectors
Industrial 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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$18.8 M (USD)
in 3 rounds
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Latest Funding Round
$6.1 M (USD), Series A
Feb 14, 2025
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Investors
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Employee Count
14
as on Dec 31, 2022
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Products & Services of Thoro
Thoro offers a comprehensive portfolio of products and services, including Autonomy Stack and Cloud Reporting Tools. 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.
Software and hardware for autonomous industrial navigation
Tools for optimizing autonomous fleet performance
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Funding Insights of Thoro
Thoro has successfully raised a total of $18.8M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $6.1 million completed in February 2025. 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 3
- Last Round Series A — $6.1M
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First Round
First Round
(28 Oct 2020)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2025 | Amount | Series A - Thoro | Valuation |
investors |
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| May, 2023 | Amount | Series A - Thoro | Valuation |
investors |
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| Oct, 2020 | Amount | Series A - Thoro | 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 |
Investments & Acquisitions by Thoro
| 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 - Thoro
| 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 |
Thoro Comparisons
Competitors of Thoro
Thoro 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 Vicarious, RightHand Robotics, Agile Robots, Gecko Robotics and Universal Robots, 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.
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| domain | founded_year | HQ Location |
AI-based robotic arms are developed for industrial automation tasks.
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AI-enabled robotic grippers for object picking are provided.
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Deep learning-based vision for autonomous robot perception is provided.
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Wall-climbing robots are developed for boiler inspections at power plants.
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Collaborative robot arms are provided for industrial applications.
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Motion control, robotics, and system engineering solutions are provided globally.
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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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Frequently Asked Questions about Thoro
When was Thoro founded?
Thoro was founded in 2021.
Where is Thoro located?
Thoro is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Who is the current CEO of Thoro?
Patrick Mondi is the current CEO of Thoro. They have also founded this company.
Is Thoro a funded company?
Thoro is a funded company, having raised a total of $18.8M across 3 funding rounds to date. The company's 1st funding round was a Series A of $5.7M, raised on Oct 28, 2020.
How many employees does Thoro have?
As of Dec 31, 2022, the latest employee count at Thoro is 14.
What does Thoro do?
Thoro was founded in 2021 in Pittsburgh, United States, as a provider of autonomous mobile robotics focused on commercial and industrial sectors. Tech algorithms are offered to integrate autonomy into manufacturers product lines. AI-based software is developed to support navigation and movement in industrial settings. Commercial floor-cleaning robots are manufactured using Carnegie technology. Operations emphasize practical automation solutions for various applications.
Who are the top competitors of Thoro?
Thoro's top competitors include Vicarious, Universal Robots and Yaskawa.
What products or services does Thoro offer?
Thoro offers Autonomy Stack and Cloud Reporting Tools.
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