Autonomous mobile robot company doubles revenue

© Seegrid

Pittsburgh-based Seegrid Corp., an autonomous mobile robot (AMR) company, doubled revenue year-over-year in 2020 for the second year in a row.

The growth can be attributed to increased demand from e-commerce, manufacturing, and logistics companies for automation solutions to address rising pressures on the supply chain, the company said. The COVID-19 pandemic exacerbated demand.

Seasonal spikes in demand were replaced by a continuous demand surge that caused a ripple effect across the supply chain, the company said.

“The incredible growth we recorded last year is a testament to our collective ability to adapt to changing environments—something that our customers can uniquely do when using our automation solutions,” Jim Rock, Seegrid CEO, said. “Supply chain disruption surfaced in many different ways in 2020, but our ability to help our customers move materials safely around the world is a constant.”

From March through September, autonomous miles driven at customer sites grew from 3 million to 4 million.

In September, Seegrid closed a $52 million financing round, which allowed the company to purchase Box Robotics. Tom Panzarella and John Spletzer, Box Robotics’s co-founders, joined the Seegrid team.

Seegrid forecasts continued growth this year. It plans to advance next-generation perception and enhanced human-like situational awareness technology for its AMR fleet.