Symbotic Inc.
NASDAQ Global MarketCapital Structure
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in mil. unless spec.Company Description
- CEO
- Richard Cohen
- Full Time Employees
- 2,000
- Sector
- Industrials
- Industry
- Industrial - Machinery
- Address
- 200 Research Drive Wilmington MA United States of America 01887
- IPO Date
- Mar 9, 2021
- CIK
- 0001837240
- Website
- symbotic.com
- Similar Companies
- Business
- Symbotic Inc. is a technology company specializing in robotic automation systems and software for supply chain and warehouse operations. The company designs, develops, and deploys advanced robotic solutions including autonomous mobile robots, automated storage and retrieval systems, sortation technologies, and AI-driven software platforms to optimize inventory management, order fulfillment, and logistics processes. Symbotic serves retail, consumer packaged goods, and logistics customers primarily across North America, with operations and deployments in the United States and Canada. Founded in 2007, the company is headquartered in Wilmington, Massachusetts. Symbotic's core products and services include autonomous robotic vehicles that operate within warehouse environments; automated material handling systems designed to increase throughput and efficiency; AI-powered software for real-time inventory and workflow management; and integration services that customize warehouse automation solutions to client specifications. The company markets its offerings under the Symbotic brand, focusing on robotically enhanced supply chain solutions that support large-scale distribution centers. In the last 1-2 years, Symbotic has engaged in strategic expansions and partnership developments to accelerate its growth and technology deployment. Notably, Symbotic secured significant funding to support scaling its automation capabilities and broaden its market footprint. It also expanded its AI software platform, enhancing machine learning capabilities for better supply chain insights and operational control. The company has worked closely with major retail and logistics firms to implement next-generation warehouses leveraging its robotic systems. There have been no reported name changes or corporate reorganizations, but operationally, Symbotic has intensified its focus on integrated autonomous systems and AI-driven optimization as a strategic priority to transform supply chain automation. Overall, Symbotic operates within the industrial automation and logistics technology sectors, targeting large enterprises requiring high-efficiency, scalable warehouse operations. Its technology ecosystem comprises hardware (robotic systems), software (AI and automation control platforms), and professional services, making it a comprehensive solution provider in the supply chain automation industry. The company's headquarters in Massachusetts serve as the base for research, development, and client deployment activities. This profile reflects Symbotic Inc.'s current business scope, product lineup, and recent strategic developments as of late 2025.
Company News
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Grabar Law Office Investigates Claims on Behalf of Symbotic Inc. (SYM) Investors Who Purchased Shares Prior to February 5, 2024
Did Symbotic Inc. Insiders Breach their Fiduciary Duties to Shareholders?