Symbotic provides an end-to-end automated warehouse solution that includes autonomous mobile robots (AMRs) and robotics arms that leverage machine learning, vision, and algorithms, and an AI-powered warehouse software platform that manages the AMR fleet to induct, store, and retrieve products. It also optimizes the processing flow of goods. The company’s AMRs use machine learning to recognize patterns in order to adapt to and optimize for operational variations. The company serves a range of industries such as retail and general merchandise, CPG/food and beverage, food service, grocery, wholesale distribution, and third-party logistics industries. The company offers its products on a robotics-as-a-service (RaaS) basis.
It also acquired Veo Robotics, an innovator in intelligent safeguarding for industrial robots to further enhance its product offerings (August 2024).
Symbotic generated revenue of USD 1.1 billion and incurred an operating loss of USD 223.2 million during FY2023 (year ending September). The company has been listed on the Nasdaq since June 2022 via a merger with SoftBank-sponsored special purpose acquisition company (SPAC) SVF Investment Corp at a pro forma equity value of USD 5.5 billion (December 2021).
Key customers and partnerships
Symbotic’s customers include Walmart, Albertsons, C&S Wholesale Grocers, Target, UnFI, Giant Tiger, GB, Associated Food Stores, and Southern Glazer's Wine & Spirits.
In July 2023, Symbotic established GreenBox Systems, a joint venture in partnership with SoftBank Group, which will serve as the exclusive provider of Symbotic systems in the warehouse-as-a-service market.
By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.