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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.
Social
X
Key Metrics
Founded Year
2011
Location
Santa Clara, United States
Stage
Series B
Total Funding
$18.4M in 7 rounds
Latest Funding Round
Investors
Ranked
Employee Count
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:lockFilter this list
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
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Grabit's founders and board of directors

Founder? Claim Profile
The 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.

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:
Employee count trend for Grabit
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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:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for GreyOrange
GreyOrange
2012, Suwanee (United States), Series D
Provider of warehouse and in-store automation solutions using artificial intelligence
$545M
74/100
2nd
Logo for Addverb
Addverb
2016, Noida (India), Acquired
Provider of automated warehouse solutions using robotics and software
$66.9M
71/100
3rd
Logo for Unbox Robotics
Unbox Robotics
2019, Pune (India), Series B
Provider of software-defined robotics system for warehouse operations
$28.2M
71/100
4th
Logo for Agility Robotics
Agility Robotics
2015, Salem (United States), Series C
Developer of robots and a cloud-based automation platform for logistics operations
$180M
69/100
5th
Logo for Agile Robots
Agile Robots
2018, Munich (Germany), Series C
Provider of AI-powered robotic automation solutions for multiple industry applications
$250M
69/100
6th
Logo for Ati Motors
Ati Motors
2017, Bengaluru (India), Series B
Manufacturer of autonomous mobile robots for material movement and productivity
$35.5M
68/100
7th
Logo for Geekplus
Geekplus
2015, Beijing (China), Public
Provider of robotics solutions for warehouse and logistics automation needs
$532M
68/100
8th
Logo for Symbotic
Symbotic
2007, Wilmington (United States), Public
Developer of warehouse automation solutions based on AI and Robotics technology
-
-
67/100
9th
Logo for RightHand Robotics
RightHand Robotics
2014, Cambridge (United States), Series C
Developer of robotic piece-picking solutions for order fulfillment and warehouse automation
$125M
67/100
10th
Logo for Robust
Robust
2019, San Carlos (United States), Series A
Developer of autonomous mobile robots and AI-powered workflow automation
$42.5M
66/100
204th
Logo for Grabit
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

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News related to Grabit

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FAQs about Grabit

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