January 5, 2021

SeegridImage videoPittsburgh-based Seegrid, which develops autonomous mobile robots for material handling purposes, today announced it doubled its revenue year-over-year for the second straight year. The company said its growth “reflects increased demand from manufacturing, e-commerce, and logistics companies for automation solutions to address rising pressures on the supply chain,” which were accelerated by the COVID-19 pandemic and shifting consumer demands.

“The incredible growth we recorded last year is a testament to our collective ability to adapt to changing environments,” said Jim Rock, CEO at Seegrid. “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.”

The company said traditional seasonal spikes for manufacturing and distribution centers were replaced in 2020 by a continuous demand surge, which caused a ripple effect across the supply chain. Seegrid says its enterprise software and AMRs helped companies with the surge, increasing its production fleet to achieve three to four million autonomous miles driven at customer sites between March 2020 through September 2020.

“Because end users can make changes while production is running – our customers are able to accelerate the implementation and adoption of Seegrid’s mobile robots and software solutions, a critical need in today’s world,” said Rock. “Our customers are under pressure to increase capacity and quickly adapt workflows to evolving demand, and do so safely.”

The company recently closed a $52 million financing round in September 2020, which supported the company’s acquisition of Box Robotics.

Seegrid announced it expects to see similar growth in 2020, through the advancement of next-generation perception and enhanced, human-like situational awareness technology for its AMR fleet. The company said it also has been steadily adding employees, “placing priority on maximizing the value for its customers, ensuring high levels of adoption, customer satisfaction, and continuous improvement.”