Attabotics

Attabotics

Warehouse automation using robotics and software

About Attabotics

Simplify's Rating
Why Attabotics is rated
B
Rated C on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Robotics & Automation

Industrial & Manufacturing

Company Size

201-500

Company Stage

Series C

Total Funding

$191.9M

Headquarters

Calgary, Canada

Founded

2016

Overview

Attabotics offers an intelligent platform called The Studio for automating warehouses and supply chains. This system uses robotics and advanced software to store and retrieve items in a three-dimensional space, reducing the physical space needed for storage by up to 85%. The solution is scalable and modular, making it adaptable for various business sizes and complexities. Attabotics aims to transform the industry by providing a cost-effective and efficient fulfillment system that integrates all aspects of storage and logistics.

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Simplify's Take

What believers are saying

  • Attabotics secured $71.7M funding, boosting its ability to revolutionize fulfillment centers.
  • Partnership with Gordon Food Service enhances operational efficiency during peak demand.
  • Growing interest in AI-driven robotics supports Attabotics' market expansion.

What critics are saying

  • Legal disputes, like the lawsuit against Canadian Tire, may harm reputation and finances.
  • Rapid AI innovation could outpace Attabotics' technology, risking obsolescence.
  • Increased competition from firms like Addverb Technologies threatens market share.

What makes Attabotics unique

  • Attabotics offers a 3D robotic warehousing system, reducing space by up to 85%.
  • The Studio platform uses robotics and software for efficient item storage and retrieval.
  • Attabotics' system is scalable and modular, adaptable to various warehouse sizes.

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Funding

Total Funding

$191.9M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:
Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$71.7M
Attabotics
$100M
Oura

Benefits

Wellness Program

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-3%
Taproot Edmonton
Jun 6th, 2023
What We Saw And Heard At Upper Bound

A demo of self-driving robots that navigate a "town" populated by rubber ducks, a look at how machine learning could help grow meat in the lab, and a walk-through of industrial uses of AI are among the various aspects of the emerging technology that were explored at Upper Bound."There is no better time to be in AI," said Cam Linke, CEO of the Alberta Machine Intelligence Institute (Amii) in his keynote address. "If you're a business, or an entrepreneur, or a government, this should excite you and scare you at the same time."Researchers, entrepreneurs, and curious onlookers from Edmonton and around the globe gathered to learn more at Edmonton's second annual AI conference, which ran from May 23 to 26. Amii awarded 833 talent bursaries to researchers from 22 different countries and had another 676 tune in virtually.In addition to Rich Sutton's closing keynote announcing OpenMind Research, the conference featured a wide range of sessions. Here are a few that caught our eye:Duckietown lets U of A students dive into roboticsPairing adorable rubber ducks with AI technology, the University of Alberta ran its first semester-long course using Duckietown in the 2023 winter semester. It offers robotics students an opportunity to get rigorous hands-on experience within a worldwide research project that originated at MIT in 2016.Students learn to program small, self-driving vehicles carrying rubber duck passengers. Their assignments include getting the vehicles to stay within the lanes of their model town roads, park in an assigned spot, and stop and check for "pe-duck-strians" at crosswalks.It's a challenge that can be daunting for prospective students."In a lot of computing science classes, it's trying to recreate things other people have done," said Matt Taylor, a Canada CIFAR AI chair with Amii and the instructor of the course that uses Duckietown

The Star
May 15th, 2023
Calgary-based robotics firm Attabotics sues Canadian Tire alleging damages after fire | The Star

CALGARY - Attabotics is suing Canadian Tire Corp.

Attabotics
Apr 27th, 2023
Attabotics Appoints Gary Moss as Chair of Board of Directors

Attabotics, the future-proof intelligent cube storage solution for modern commerce, announced today the appointment of Gary Moss as the head of the company’s Board of Directors.

Taproot Edmonton
Mar 27th, 2023
Province Invests $30M In Amii To Further Ai Adoption

A $30-million investment from the province will allow Alberta Machine Intelligence Institute (Amii) to further its efforts to bring AI out of the academy and into industry, says the organization's CEO."As Amii advances the science of AI, we seek to make the field more approachable by acting as a translator; translating that research into industry impact and the shape of talent development, commercialization, and ecosystem development," Cam Linke said at the March 24 funding announcement.Laura Kilcrease, CEO of Alberta Innovates, spoke to some specific metrics she expects from the investment."There (are) results that we're looking at over the next four years to include over 1,000 companies being trained in the use of artificial intelligence … There'll be at least 120 startups that will participate with Amii to get support and help create products that are data- and AI-driven," she said. "There's going to be more than 2,500 Albertans trained in AI — and I think that is a low estimate of what, really, is to come."Commercialization is a word on many lips when it comes to AI, and Amii has faced questions about it before. Linke highlighted work with Calgary's Attabotics to improve its robotic supply chain system and with Edmonton's EZ Ops to reduce expenses and emissions from oil and gas wells as examples of the kind of work Amii will continue to pursue."The core thing is solving those big challenges that industry has in being able to grow their capacity in AI," he told Taproot.The funding will also help Amii's work-integrated learning opportunities continue to deepen Alberta's talent pool by placing "top-tier technical talent on industry-facing engagements while those participants continue their graduate studies," Linke said.The latest announcement comes just a few months after Amii invested $30 million into the University of Alberta to support the creation of 20 new faculty positions in AI.Photo: Technology and Innovation Minister Nate Glubish, Amii CEO Cam Linke, and Alberta Innovates CEO Laura Kilcrease stand with past and present participants in Amii's work-integrated learning program at an announcement on March 24, 2023. (Chris Onciul/Amii)

PYMNTS
Feb 16th, 2023
Strategic Working Capital Allocation Helps Cfos Realize Stronger Roi

In today’s environment, managing working capital means putting capital to work. In challenging macro environments, process improvements are about more than just optimizing working capital and strengthening balance sheets — they’re about having the right insights and protocols in place to succeed in the face of the unexpected. Efficiency is the new priority, and strategic forecasting is the new baseline

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