SVT Robotics

Overview
Activities
News
Smart Factory?
Logistics Tech?
Product stageSegments
Early
?
Robotic Software
?

SVT Robotics provides a software service integrating robots with enterprise software, creating a bridging platform to help manufacturers adopt robotic automation faster. Based on its proprietary robotic software technology, the company has introduced the SOFTBOT Platform in September 2020. With this service, the manufacturers can select their preferred robots and automation systems (from companies such as RightHand Robotics and Vecna Robotics), build custom material flows using SOFTBOT connectors without any coding required, and then deploy to the factory or cloud location. After installation, the SOFTBOT Platform can be reconfigured as needed. This will provide real-time performance analytics of all automation technologies across the factory through data mining, giving an integrated view to optimize performance quickly. 

Key customers and partnerships 

In February 2024, SVT Robotics partnered with Contextant , to sell its SOFTBOT Platform. The partnership was to combine Contextant's material handling and robotics systems integration expertise with SVT Robotics' warehouse automation platform to offer pre-built integrations and custom orchestrations to Contextant’s network of customers. 

Most of SVT Robotics’ customers are third-party logistics companies (3PLs), which require flexible and fast robotics deployment. The company reported that its platform deployments increased 375% from Q4 2020 to July 2021 and that its clientele included “top companies” within the manufacturing and warehousing space by November 2021.

In March 2024, the company partnered with LG to deploy the latter’s new CLOi CarryBot autonomous mobile robots (AMRs) in warehouses in the US.

Funding and financials

SVT Robotics’ most recent funding round was Series A funding worth USD 25 million in November 2021, led by Tiger Global. The funds were to be used to boost product R&D and expand customer outreach efforts.

HQ location:
730 West 20th Street Norfolk VA USA
Founded year:
2018
Employees:
51-100
IPO status:
Private
Total funding:
USD 30.6 mn
Last Funding:
USD 25.0 mn (Series A; Nov 2021)
Last valuation:
-
Key competitors
 
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