Pickle Robot

Pickle Robot

Develops robots for warehouse unloading tasks

About Pickle Robot

Simplify's Rating
Why Pickle Robot is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Robotics & Automation

AI & Machine Learning

Company Size

51-200

Company Stage

Series B

Total Funding

$102.5M

Headquarters

Cambridge, Massachusetts

Founded

2018

Overview

Pickle Robot develops robots that help with unloading tasks in warehouse loading docks, primarily serving logistics and e-commerce companies. Their robots are designed to work alongside human workers, making the unloading of trucks and containers more efficient and safer. The robots reduce the physical strain on workers, which helps to boost overall productivity. Pickle Robot generates revenue by selling and leasing their robotic units, providing maintenance services, and potentially offering software licensing. This focus on collaboration with human workers sets Pickle Robot apart from competitors in the robotics and automation market.

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Simplify's Take

What believers are saying

  • Pickle Robot raised $50 million in Series B funding, boosting development and market expansion.
  • Strategic partnership with Yusen Logistics enhances operational efficiency and market reach.
  • Growing demand for automation in logistics supports Pickle Robot's market potential.

What critics are saying

  • Competition from established companies like Boston Dynamics threatens Pickle Robot's market share.
  • Technological advancements may render Pickle Robot's models obsolete if innovation lags.
  • Supply chain disruptions, such as semiconductor shortages, could impact production capabilities.

What makes Pickle Robot unique

  • Pickle Robot's Dill works multiple shifts, enhancing productivity in e-commerce logistics.
  • The robots communicate with human collaborators, improving safety and efficiency in warehouses.
  • Pickle Robot focuses on reducing physical strain in package handling, a key industry challenge.

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Funding

Total Funding

$102.5M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$50M
Pickle Robot
$65M
Substack
$100M
ClickUp

Benefits

Healthcare

401k

Snacks and cold brew

Competitive pay

Equity stakes

Growth & Insights and Company News

Headcount

6 month growth

-6%

1 year growth

-6%

2 year growth

-10%
Robotic Vehicle Technology
Nov 25th, 2024
Pickle Robot Closes $50 Million Series B Funding

Pickle Robot Company ("Pickle Robot") has raised $50 million in series B funding with participation from a strategic customer, Teradyne Robotics Ventures, Toyota Ventures, Ranpak, Third Kind Venture Capital, One Madison Group, Hyperplane, Catapult Ventures, and others.

Benzinga
Nov 20th, 2024
Pickle Robot Raises $50M, Secures Orders

Pickle Robot Company announced it raised $50 million in Series B funding with participation from Teradyne Robotics Ventures, Toyota Ventures, and others. In Q3 2024, six customers ordered over 30 unload robots for deployment in early 2025. The funding will accelerate new feature development and expand commercial teams to access new markets. CEO AJ Meyer highlighted the value of their Physical AI in logistics, aiming to enhance supply chain robotics and customer value.

GlobeNewswire
Nov 20th, 2024
Pickle Robot Closes $50 Million Series B Funding and Secures New Orders for 30+ Unload Robots

Pickle Robot closes $50 million series B funding and secures new orders for 30+ unload robots.

U.S. Securities and Exchange Commission
May 30th, 2024
SEC FORM D

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.The reader should not assume that the information is accurate and complete.

MMH
Dec 6th, 2023
Yusen Logistics partners with Pickle Robot to streamline container unloading

Yusen Logistics partners with Pickle Robot to streamline container unloading.

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