Symbotic

Kuffner will discuss how the rapid progress in machine learning, computer vision, perception, and computing power are enabling a new generation of intelligent robots.

2025 Robotics Summit & Expo tickets will go up by $200 after Feb. 28, so register now for the premiere robotics development event.

Large funding rounds, new product announcements, and highlights from CES were just some of our top robotics developments last month.

John Santagate, senior vice president of robotics at Körber Supply Chain Software, looks back at 2024 and ahead to 2025 for logistics robotics.

Symbotic says the acquisition and development of new systems for Walmart could expand its U.S. market by more than $300 billion.

Kuffner spent over nine years at Toyota, co-founded Google’s robotics division, and was a member of the initial engineering team for Google’s self-driving cars.

With the acquisition of OhmniLabs, Symbotic said it will be better positioned to expand its capabilities for supply chain customers.

Under the agreements, Symbotic will deploy its end-to-end systems at two Walmex greenfield distribution centers.

This month, five of our top 10 robotics stories were about humanoid robot developments or humanoid alternatives.

Veo Robotics developed FreeMove, a safeguarding technology for industrial robots that promotes human-robot collaboration.

Symbotic’s modular automation system enables robot-to-robot handoffs for depalletizing throughout the warehouse.

The Wilmington, Mass.-based company brought in more revenue in Q2 2024 than it did in Q1 and in Q2 2023, respectively.

Symbotic’s revenue increased 98% to $1.18 billion in 2023 thanks to deals with Albertson’s, Target and Walmart.

Symbotic, a developer of AI-enabled robotics technology, has brought in $312 million in revenue in Q3 of 2023, which ended June 24, 2023.

GreenBox will automate supply chain networks globally by operating and making Symbotics’ AI and automation technology accessible. 

Robotic case-picking system to improve Associated Food Stores’ supply chain capabilities and retailer experiences.

Symbotic brought in $266.9 million in revenue in Q2 of 2023, with a net loss of $55.4 million and an adjusted EBITDA loss of $11.2 million. 

Symbotic posted revenue of $206.3 million, a net loss of $68.0 million and an adjusted EBITDA loss of $16.3 million for the first quarter of fiscal 2023.

Symbotic made its debut on the NASDAQ today under ticker symbol “SYM” after completing its business combination with SVF Investment Corp. 3.

Symbotic’s partnership with Walmart was announced in July 2021, when Walmart planned to Symbotic’s system in 25 distribution centers.

The transaction will deliver up to $725 million of primary gross proceeds for Symbotic. The deal values Symbotic at $4.8 billion.

Walmart partners with Symbotic to deploy automation that improves the throughput of regional Walmart distribution centers.