Pickle Robot Company
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Pickle Robot Company - overview
Established
2018
Location
Cambridge, MA, US
Primary Industry
Logistics & Distribution
About
Pickle Robot Company, based in the US, specializes in advanced robotic solutions for automating supply chain operations, particularly unloading trailers and containers of non-palletized goods with innovative technology. Founded in 2018 and headquartered in Cambridge, US, Pickle Robot Company develops robotic solutions focused on automating unloading tasks. The company was initiated by Dan Paluska and currently led by CEO Andrew Meyer. Pickle Robot has completed 7 funding deals, with the most recent Series B funding on October 2, 2024, raising USD 27 mn, bringing the total amount raised to USD 27 mn and valuing the company at USD 185.
608 mn. Pickle Robot Company specializes in providing advanced robotic solutions for supply chain automation, focusing on unloading trailers and containers of non-palletized goods. Their flagship product, the Pickle Robot, utilizes generative AI, machine vision, and robotic manipulation to efficiently handle unloading tasks in environments like warehouse loading docks. Since its deployment in mid-October 2024, it has successfully unloaded over 1.
5 million pounds of apparel at clients such as Randa Apparel & Accessories, targeting logistics firms and distribution centers in North America. Pickle Robot Company's revenue model is based on B2B transactions involving partnerships with logistics and fulfillment companies needing automation solutions for unloading tasks. Its direct sales of robotic systems are complemented by service agreements for software updates and maintenance. The recent Series B funding round raised USD 27 mn, demonstrating strong investor interest in its technology, as the company anticipates increasing demand for its robotic unloading solutions and revenue growth from new and existing partnerships.
Pricing structures are tailored to client operational needs, though specific pricing details are not publicly available. With the Series B funding raised on October 2, 2024, Pickle Robot Company plans to enhance its offerings and expand into new markets. The upcoming introduction of additional robotic solutions aims to further improve operational efficiency for clients. Funding will support product development and market entry strategies, targeting expansion in North America and potentially exploring markets beyond by 2025.
Current Investors
RRE Ventures, DCVC, Version One Ventures
Primary Industry
Logistics & Distribution
Sub Industries
Logistics & Distribution
Website
www.picklerobot.com
Verticals
Artificial Intelligence, IoT (Internet of Things), Robotics
Company Stage
Series B
Total Amount Raised
Subscriber access only

Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.