Grabit - About the company
Grabit is a series B company based in Santa Clara (United States), founded in 2011 by Harsha Prahlad. It operates as an Electroadhesion products for material handling and robotics. Grabit has raised $18.4M in funding from investors like ABB, Nike and Formation 8. The company has 1279 active competitors, including 241 funded and 141 that have exited. Its top competitors include companies like GreyOrange, Addverb and Unbox Robotics.
Company Details
Grabit provides electroadhesion-based gripping products for robotics and material handling applications. Products include grippers, flexible fixtures, smart conveyors, materials sorting machines, and pads and power supplies to OEMs. Customers companies include industries such as manufacturing and warehouse automation and package handling.
- Website
- grabitinc.com/
Key Metrics
Founded Year
2011
Location
Santa Clara, United States
Stage
Series B
Total Funding
$18.4M in 7 rounds
Latest Funding Round
Ranked
204th among 1279 active competitors
Employee Count
15 as on Dec 31, 2022
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Legal entities associated with Grabit
Grabit is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Grabbit, Inc. CIN: 1514871 , United States, Active | $1 - $1M (As on Aug 26, 2011) | - | - | |
Grabit, Inc CIN: 454006933 , United States, Active | Dec 31, 1999 | - | 15 (As on Dec 31, 2022) | - |
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Grabit's funding and investors
Grabit has raised a total funding of $18.4M over 7 rounds. Its first funding round was on Aug 14, 2013. Its latest funding round was a Series B round on Jun 19, 2018 for $*****. 1 investor participated in its latest round. Grabit has 15 institutional investors.
Here is the list of recent funding rounds of Grabit:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 19, 2018 | 5831309 | Series B | 6230360 | 3194944 | 5489670 | 3555450 |
Jun 15, 2018 | 7872665 | Conventional Debt | 9401408 | 1947249 | 3313581 | 6687508 |
Mar 15, 2017 | 4544962 | Series B | 1028061 | 6028041 | 1867805 | 3050549 |
View details of Grabit's funding rounds and investors
Grabit's founders and board of directors
Founder? Claim ProfileThe founders of Grabit is Harsha Prahlad.
Here are the details of Grabit's key team members:
- Harsha Prahlad: CoFounder, Chief Technology and Products Officer of Grabit.
View details of Grabit's Founder profiles and Board Members
Grabit's employee count trend
Grabit has 15 employees as of Dec 22. The total employee count is 32.0% lower than what it was in Dec 21. Here is Grabit's employee count trend over the years:
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Grabit's Competitors and alternates
Top competitors of Grabit include GreyOrange, Addverb and Unbox Robotics. Here is the list of Top 10 competitors of Grabit, ranked by Tracxn score:
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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 | 74/100 | |
2nd | Provider of automated warehouse solutions using robotics and software | $66.9M | 71/100 | ||
3rd | Unbox Robotics 2019, Pune (India), Series B | Provider of software-defined robotics system for warehouse operations | $28.2M | 71/100 | |
4th | Agility Robotics 2015, Salem (United States), Series C | Developer of robots and a cloud-based automation platform for logistics operations | $180M | 69/100 | |
5th | Agile Robots 2018, Munich (Germany), Series C | Provider of AI-powered robotic automation solutions for multiple industry applications | $250M | 69/100 | |
6th | Ati Motors 2017, Bengaluru (India), Series B | Manufacturer of autonomous mobile robots for material movement and productivity | $35.5M | 68/100 | |
7th | Provider of robotics solutions for warehouse and logistics automation needs | $532M | 68/100 | ||
8th | Symbotic 2007, Wilmington (United States), Public | Developer of warehouse automation solutions based on AI and Robotics technology | - | - | 67/100 |
9th | RightHand Robotics 2014, Cambridge (United States), Series C | Developer of robotic piece-picking solutions for order fulfillment and warehouse automation | $125M | 67/100 | |
10th | Robust 2019, San Carlos (United States), Series A | Developer of autonomous mobile robots and AI-powered workflow automation | $42.5M | 66/100 | |
204th | Grabit 2011, Santa Clara (United States), Series B | Electroadhesion products for material handling and robotics | $18.4M | 39/100 |
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Grabit's Investments and acquisitions
Grabit has made no investments or acquisitions yet.
Reports related to Grabit
Here is the latest report on Grabit's sector:
News related to Grabit
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Grabit Inc. Enters into Restructuring Support AgreementAiThority•Dec 19, 2019•Grabit, Ascential Technologies, Burke Porter Group
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Burke Porter Group Announces Investment In Grabit™, Inc.PR Newswire•Jun 19, 2018•Grabit, Ascential Technologies, Burke Porter Group
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Grabit Robots Use Static Electricity to Make Nikes Faster than HumansThe Robot Report•Feb 14, 2018•Grabit, Nike
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