When was ForwardX founded?

ForwardX was founded in 2016 and raised its 1st funding round 1 year after it was founded.

Where is ForwardX located?

ForwardX is headquartered in Beijing, China.

Who is the current CEO of ForwardX?

Nicolas Chee and Chee N s of ForwardX. Nicolas Chee has also founded 1 company.

How many employees does ForwardX have?

As of Sep 30, 2026, the latest employee count at ForwardX is 95.

Is ForwardX a funded company?

ForwardX is a funded company, having raised a total of $140M across 9 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Jun 2017.

When was the latest funding round of ForwardX?

ForwardX's latest funding was a $***** Series C round on Jul 12, 2023, with participation from 2 investors.

Where does ForwardX rank among its competitors?

ForwardX ranks 33rd amongst 821 active competitors, of which 164 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Vention, which secured $110M in Jan, 2026.

Who are the top competitors of ForwardX?

ForwardX's top competitors include GreyOrange, Addverb and Vention. Among them, Vention secured the most recent funding round in January, 2026.

ForwardX - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of AI-based AMRs for warehouse automation and picking operations. It offers autonomous mobile robot solutions for logistics and material handling in various industries and AGVs for picking, material movement, delivery, and more. It also provides fleet management software.

Website: www.forwardx.com
Social
Email ID: *****@forwardx.com, *****@forwardx.com

Key Metrics

Founded Year

2016

Location

Beijing, China

Stage

Series C

Total Funding

$140M in 9 rounds

Latest Funding Round

Series C, Jul 12, 2023, $*****

Investors

CDH & 14 more

Ranked

33^rd among 821 active competitors

Employee Count

95 as on Sep 30, 2026

Similar Companies

GreyOrange & 670 more

View ForwardX's full profile

ForwardX has raised a total funding of $140M over 9 rounds. Its first funding round was on Jun 2017. Its latest funding round was a Series C round on Jul 12, 2023 for $*****. 2 investors participated in its latest round. ForwardX has 15 institutional investors.

Here is the list of recent funding rounds of ForwardX:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 12, 2023	9009611	Series C	1670238	4063064	3127641	2878309
Dec 14, 2021	3817009	Series C	6827263	6527697	5089420	Qualcomm Ventures & 2 more
Mar 23, 2021	9375398	Series B	3095357	5580095	CDH & 2 more	Zhongguancun Development Group

Access funding benchmarks and valuations. Sign up today!

View details of ForwardX's funding rounds and investors

The founders of ForwardX is Nicolas Chee. Nicolas Chee and Chee N are the CEOs of ForwardX.

Here are the details of ForwardX's key team members:

Nicolas Chee: Founder & CEO of ForwardX.
Contact Info: 1 email address
Chee N: CEO of ForwardX.
Contact Info: 1 email address

View details of ForwardX's Founder profiles and Board Members

ForwardX's employee count trend

ForwardX has 95 employees as of Sep 26. Here is ForwardX's employee count trend over the years:

Uncover ForwardX's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of ForwardX include GreyOrange, Addverb and Vention. Here is the list of Top 10 competitors of ForwardX, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	GreyOrange 2012, Suwanee (United States), Series D	Provider of warehouse and in-store automation solutions using artificial intelligence	$545M	Mithril, Tiger Global Management & 56 others	74/100
2nd	Addverb 2016, Noida (India), Acquired	Provider of automated warehouse solutions using robotics and software	$66.9M	Reliance Retail, GAIL & 6 others	74/100
3rd	Vention 2016, Montreal (Canada), Series D	Provider of integrated hardware software and artificial intelligence automation systems	$263M	Georgian, Real Ventures & 13 others	71/100
4th	Geekplus 2015, Beijing (China), Public	Provider of robotics solutions for warehouse and logistics automation needs	$532M	Warburg Pincus, Granite Asia & 16 others	71/100
5th	Kindred 2014, San Francisco (United States), Acquired	Developer of AI-powered robotics for picking placing sorting automation	$28M	Tencent, Eclipse & 11 others	71/100
6th	Third Wave Automation 2018, Union City (United States), Series C	Developer of autonomous forklift solutions for warehouse material handling operations	$97M	Qualcomm Ventures, Norwest & 9 others	71/100
7th	Agility Robotics 2015, Salem (United States), Series C	Developer of robots and a cloud-based automation platform for logistics operations	$180M	Playground Global, DCVC & 20 others	69/100
8th	Pickle Robot 2018, Cambridge (United States), Series B	Developer of AI-powered robotic systems for warehouse and supply chain automation	$87M	Ranpak, RRE Ventures & 12 others	67/100
9th	Unbox Robotics 2019, Pimpri Chinchwad (India), Series B	Provider of software-defined robotics system for warehouse operations	$28.2M	3one4 Capital, Redstart & 54 others	67/100
10th	Symbotic 2007, Wilmington (United States), Public	Developer of warehouse automation solutions based on AI and Robotics technology	-	-	67/100
33rd	ForwardX 2016, Beijing (China), Series C	Provider of AI-based AMRs for warehouse automation and picking operations	$140M	Qualcomm Ventures, Chord Capital & 13 others	59/100