Passion - About the company
Passion is a series B company based in Suzhou (China), founded in 2015. It operates as a Provider of automated logistics solutions for warehouses. Passion has raised $15.7M in funding from SAIF Partners and Ginkgo Valley Capital. The company has 763 active competitors, including 155 funded and 74 that have exited. Its top competitors include companies like GreyOrange, Addverb and Unbox Robotics.
Company Details
Provider of automated logistics solutions for warehouses. It offers warehouse solutions that include automated guided vehicles, material handling solutions, storage equipment, lifting bin cabinet robots, and loading and unloading robots.
- Website
- passioniot.com
- Phone Number
- +86 **********
Key Metrics
Founded Year
2015
Location
Suzhou, China
Stage
Series B
Total Funding
$15.7M in 4 rounds
Latest Funding Round
Investors
Ranked
138th among 763 active competitors
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Passion's funding and investors
Passion has raised a total funding of $15.7M over 4 rounds. Its first funding round was on Sep 29, 2021. Its latest funding round was a Series B round on Apr 10, 2024 for $*****. 1 investor participated in its latest round. Passion has 6 institutional investors.
Here is the list of recent funding rounds of Passion:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 10, 2024 | 3970260 | Series B | 6184955 | 3101362 | 9498111 | 8011376 |
Feb 13, 2023 | 7442289 | Series B | 1927798 | 5173589 | 9409100 | |
Dec 27, 2021 | 6624611 | Series A | 4547728 | 2429574 |
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Passion's Competitors and alternates
Top competitors of Passion include GreyOrange, Addverb and Unbox Robotics. Here is the list of Top 10 competitors of Passion, 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 | Kindred 2014, San Francisco (United States), Acquired | Developer of AI-powered robotics for picking placing sorting automation | $28M | 69/100 | |
5th |  Agility Robotics 2015, Salem (United States), Series C | Developer of robots and a cloud-based automation platform for logistics operations | $180M | 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 | - | - | 68/100 |
9th |  Robust 2019, San Carlos (United States), Series A | Developer of autonomous mobile robots and AI-powered workflow automation | $42.5M | 66/100 | |
10th |  Dexory 2015, Wallingford (United Kingdom), Series C | Provider of warehouse automation using autonomous robots and AI-driven data | $205M | 66/100 | |
138th | Provider of automated logistics solutions for warehouses | $15.7M | 40/100 |
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Passion's Investments and acquisitions
Passion has made no investments or acquisitions yet.
Reports related to Passion
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