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The industrial automation sector includes companies from around the world changing how things are made and moved. Norway's AutoStore leads with an $8 billion valuation, while US based Divergent has secured $1.1 billion in funding.
Other key players like Locus Robotics and HAI ROBOTICS focus on warehouse automation with $2 billion valuations.
Below is the full list of 11 Industrial Automation unicorn startups at this time.
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Get the Sheet for $50Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50AutoStore created a high-density automated storage and retrieval system that uses robots to operate within a cubic grid. This unique approach to warehouse automation helps companies save significant space and accelerate their order fulfillment process.
Cognite builds an industrial DataOps platform designed to help heavy-asset industries make sense of their complex operational data. Their core product, Cognite Data Fusion®, contextualizes information from different systems to improve efficiency and drive digital transformation.
Divergent developed the Divergent Adaptive Production System, a software-hardware platform that transforms how vehicles are designed and manufactured. The platform uses generative design and additive manufacturing to build lighter, more efficient structures for the automotive and aerospace sectors.
HAI ROBOTICS pioneered the Autonomous Case-handling Robot (ACR) system for automating warehouses and factories. Their HAIPICK robots create a goods-to-person workflow that increases storage density and improves operational efficiency.
Locus Robotics creates autonomous mobile robots designed to streamline e-commerce and warehouse operations. Their robots work collaboratively with human employees to accelerate order fulfillment and improve overall warehouse productivity.
Tines builds a no-code automation platform designed to help security teams streamline their most critical workflows. Their platform is known for allowing security professionals to automate repetitive tasks and orchestrate responses to threats without writing a single line of code.
Sennder operates a digital freight-forwarding platform connecting shippers with carriers for full truckload (FTL) shipments. They are focused on using technology to bring greater efficiency and transparency to the European road logistics market.
Augury develops AI-powered technology to monitor the health of industrial machines and optimize production processes. Their system uses predictive analytics to help industrial teams prevent equipment failures and increase overall production uptime.
Agile Robots AG creates intelligent robotic systems that bridge the gap between AI and the physical world. Their combination of proprietary hardware and software enables robots to handle complex tasks in industrial automation, often working alongside human teams.
Turntide Technologies develops a patented electric motor system aimed at significantly reducing energy consumption. Their software-controlled motors are designed as efficient replacements for legacy systems in areas like HVAC and electric vehicles.
The top 10 companies are just the beginning of the story for this growing field. Another key player is also making significant strides from its base in the United States.
With over $221 million raised, it shows there is still plenty of room for new companies to emerge. Here’s a look at the other unicorn shaping the future of industrial automation.
| Unicorn Startup | Country | Year Founded | Amount Raised | Valuation |
|---|---|---|---|---|
| United States | 2017 | $221M | $1B |
