Refraction AI - About the company
Refraction AI is a seed company based in Ann Arbor (United States), founded in 2017 by Ram Vasudevan and Matthew Johnson Roberson. It operates as a Provider of AI-enabled autonomous robots for last-mile logistics. Refraction AI has raised $10M in funding from Pillar VC. The company has 70 active competitors, including 24 funded and 5 that have exited. Its top competitors include companies like Starship Technologies, Serve Robotics and Ottonomy.
Company Details
Refraction AI provides autonomous robots for last-mile logistics. Its offering includes Rev-1, a 3-wheeled last-mile goods delivery robot for urban areas. It navigates using 12 camera sensors and can operate in the traditional car and bike lanes by moving at a speed of 24 km/h. It can pick up goods from places like restaurants, pharmacies, and grocery stores and deliver them to the customer's address. The customer needs to use the received pin code with the robot's screen to gain access to the storage compartment and take their respective orders.
- Website
- refraction.ai
Key Metrics
Founded Year
2017
Location
Ann Arbor, United States
Stage
Seed
Total Funding
$10M in 1 round
Latest Funding Round
Ranked
9th among 70 active competitors
Employee Count
12 as on Aug 31, 2026
Similar Companies
Legal entities associated with Refraction AI
Refraction AI is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
REFRACTION AI, INC. CIN: 83-3448293 , United States, Active | Jul 19, 2017 | - | 21 (As on Dec 31, 2021) | - |
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Refraction AI's funding and investors
Refraction AI has raised a total funding of $10M over 1 round. Its latest funding round was a Seed round on Mar 08, 2021 for $*****. 7 investors participated in its latest round. Refraction AI has 9 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Refraction AI:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 08, 2021 | 9977314 | Seed | 3446980 | 6306222 | 1564649 | 5986283 |
View details of Refraction AI's funding rounds and investors
Refraction AI's founders and board of directors
Founder? Claim ProfileThe founders of Refraction AI are Ram Vasudevan and Matthew Johnson Roberson. Luke Schneider is the CEO of Refraction AI.
Here are the details of Refraction AI's key team members:
- Ram Vasudevan: Former Co-Founder of Refraction AI. Contact Info: 1 email address
- Matthew Johnson Roberson: Former Co-Founder of Refraction AI.
- Luke Schneider: CEO of Refraction AI.
View details of Refraction AI's Founder profiles and Board Members
Refraction AI's employee count trend
Refraction AI has 12 employees as of Aug 26. Here is Refraction AI's employee count trend over the years:
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Refraction AI's Competitors and alternates
Top competitors of Refraction AI include Starship Technologies, Serve Robotics and Ottonomy. Here is the list of Top 10 competitors of Refraction AI, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Starship Technologies 2014, San Francisco (United States), Series C | Operator of autonomous robots for delivery of goods and advertising | $281M | 70/100 | |
2nd | Serve Robotics 2021, United States, Public | Developer of autonomous robots for last-mile delivery of goods | $247M | 64/100 | |
3rd | Ottonomy 2020, Sunnyvale (United States), Series A | Manufacturer of autonomous robots for indoor and outdoor logistics delivery | $8.2M | 62/100 | |
4th | Developer of AI-enabled autonomous delivery vehicles | $726M | 59/100 | ||
5th | Developer of physical AI solutions for last-mile delivery and robotics | $26.1M | 58/100 | ||
6th | X Square Robot 2021, Shenzhen (China), Series C | Developer of robotic solutions using general embodied intelligence large models | $723M | 57/100 | |
7th | Cartken Robotics 2019, Tempe (United States), Series A | Manufacturer of autonomous mobile robots for indoor and outdoor material handling | $22.5M | 51/100 | |
8th | KEENON Robotics 2010, Shanghai (China), Series B | Developer of autonomous service robots | $28.7M | 47/100 | |
9th | Refraction AI 2017, Ann Arbor (United States), Seed | Provider of AI-enabled autonomous robots for last-mile logistics | $10M | 45/100 | |
10th | Daxbot 2015, Corvallis (United States), Seed | Manufacturer of last-mile delivery robot systems | - | - | 44/100 |
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Refraction AI's Investments and acquisitions
Refraction AI has made no investments or acquisitions yet.
Reports related to Refraction AI
Here is the latest report on Refraction AI's sector:
News related to Refraction AI
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Chick-fil-A tests another autonomous delivery robotNation’s Restaurant News•Jun 02, 2022•Chick-fil-A, Refraction AI
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Chick-fil-A pilots autonomous robot delivery with Refraction AIFreightWaves•Jun 01, 2022•Refraction AI, Chick-fil-A
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Refraction AI Launches Robotic Delivery Service in Austin, TexasThe Spoon•Jun 14, 2021•Refraction AI
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Refraction AI Raises $4.2M in Seed FundingFinSMEs•Mar 11, 2021•Refraction AI, Pillar VC, eLab Ventures, Osage Venture Partners and 4 others
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Refraction AI raises $4.2M for delivery robotsThe Robot Report•Mar 10, 2021•Refraction AI, Pillar VC, Osage Venture Partners, Invest Michigan and 3 others
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Food delivery: the American start-up Refraction AI deploys its autonomous robotsusine-digitale.fr•Jul 01, 2020•Refraction AI
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Refraction AI Startup Plans Robotic Delivery Vehicles for Bike LanesTrucks•Jul 11, 2019•Refraction AI
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