When was Aethon founded?

Aethon was founded in 1997 and raised its 1st funding round 6 years after it was founded.

Where is Aethon located?

Aethon is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania.

How many employees does Aethon have?

As of Mar 31, 2026, the latest employee count at Aethon is 106.

Is Aethon a funded company?

Aethon is a funded company, having raised a total of $55.3M across 11 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Apr 07, 2003.

When was the latest funding round of Aethon?

Aethon's latest funding was a $***** Series C round on Dec 20, 2013, with participation from 1 investor. Its primary sector is Healthcare IT. In United States, the Healthcare IT sector has seen $5.44B in funding in 2026 to date.

Where does Aethon rank among its competitors?

Aethon ranks 2nd amongst 182 active competitors, of which 39 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Automata, which secured $45M in Jan, 2026.

Who are the top competitors of Aethon?

Aethon's top competitors include Automata, Swisslog and Bossa Nova. Among them, Automata secured the most recent funding round in January, 2026.

Aethon - 2026 Company Profile, Funding & Competitors

Aethon is an acquired company based in Pittsburgh (United States), founded in 1997. It operates as an Autonomous robots for internal logistics in hospitals. Aethon has raised $55.3M in funding from investors like Draper Triangle, Robert Bosch Venture Capital and Mitsui. The company has 182 active competitors, including 39 funded and 20 that have exited. Its top competitors include companies like Automata, Swisslog and Bossa Nova.

Company Details

Aethon offers automated hospital delivery and asset management solutions. TUG, Aethon’s Automated Robotic Delivery System (ARD), can transport both scheduled and on-demand hospital deliveries between all ancillary, support and patient care units. It navigates using it's own built in map and sensors and doesn't require a staging area or special infrastructure. Used in over 140 hospitals and reportedly makes over 50k deliveries per week. Aethon's MedEx software helps pharmacies track medication deliveries in real time using RFID.

Website: aethon.com
Registered Address: Pittsburgh, Pennsylvania

Key Metrics

Founded Year

1997

Location

Pittsburgh, United States

Stage

Acquired

Total Funding

$55.3M in 11 rounds

Latest Funding Round

Series C, Dec 20, 2013, $*****

Investors

Draper Triangle & 13 more

Ranked

2^nd among 182 active competitors

Employee Count

106 as on Mar 31, 2026

Similar Companies

Swisslog & 167 more

Exit Details

Acquired by ST Engineering (Jul 17, 2017)

View Aethon's full profile

Aethon is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Aethon, Inc. CIN: 1395497 , United States, Active		$5M - $25M (As on Apr 06, 2010)	103 (As on Dec 31, 2023)	-
Aethon Inc. CIN: 691144-7 , Canada, Active	Jan 25, 2008	-	-	-
St Engineering Aethon, Inc. CIN: 232929479 , United States, Active	Dec 31, 1999	-	107 (As on Dec 31, 2024)	-

Aethon got acquired by ST Engineering on Jul 17, 2017.

Click here to take a look at Aethon's acquisition in detail

Aethon has raised a total funding of $55.3M over 11 rounds. Its first funding round was on Apr 07, 2003. Its latest funding round was a Series C round on Dec 20, 2013 for $*****. 1 investor participated in its latest round. Aethon has 14 institutional investors.

Here is the list of recent funding rounds of Aethon:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 20, 2013	2797431	Series C	2439284	6853389	5421423	5845811
Apr 12, 2012	4376862	Series C	7546852	6372910	7010141	9971618
Jul 27, 2011	3539439	Series C	9571891	7982260	6787678	6024360

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View details of Aethon's funding rounds and investors

Aethon's employee count trend

Aethon has 106 employees as of Mar 26. Here is Aethon's employee count trend over the years:

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Top competitors of Aethon include Automata, Swisslog and Bossa Nova. Here is the list of Top 10 competitors of Aethon, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Automata 2015, London (United Kingdom), Series C	Developer of modular lab automation platforms for biological research workflows	$177M	Dimension, Hummingbird Ventures & 26 others	67/100
2nd	Aethon 1997, Pittsburgh (United States), Acquired	Autonomous robots for internal logistics in hospitals	$55.3M	NMT Capital, Ascension Ventures & 12 others	65/100
3rd	Swisslog 1900, Buchs (Switzerland), Acquired	Provider of automated warehouse and distribution solutions for supply chain optimisation	-	Patrimonium, Europa	62/100
4th	Bossa Nova 2005, San Francisco (United States), Series C	Provider of robots for retail stores	$69.6M	Celesta Capital, Cota Capital & 16 others	61/100
5th	MEGAROBO 2016, Singapore (Singapore), Series C	Provider of robotic solutions for industrial laboratory automation	$427M	Joy Capital, Inno Angel Fund & 19 others	60/100
6th	Simbe Robotics 2014, San Francisco (United States), Series C	Developing robotic products for retail execution	$104M	Goldman Sachs, HAX & 16 others	58/100
7th	Transcriptic 2012, Menlo Park (United States), Series A	Provider of a cloud-based remote robotic bio-lab	$27.7M	DCVC, Google Ventures & 22 others	54/100
8th	Stratec Biomedical 1979, Birkenfeld (Germany), Public	Provider of automated analyzer systems, data management software, and solutions for IVD sample preparation	-	Quest for Growth, Europa	54/100
9th	Takeoff 2016, Waltham (United States), Series C	Provider of logistics and fulfillment solutions for e-grocers	$76.6M	IGNIA, Forrest Capital & 3 others	53/100
10th	Badger Technologies 2017, Nicholasville (United States), Series D	Provider of robotic soution for retail industry	$254M	-	52/100