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Symbotic

Symbotic was founded in 2007 in Wilmington, Massachusetts by Rick Cohen, the billionaire executive chairman of C&S Wholesale Grocers, to solve inefficiencies in high-volume distribution. Its flagship product is a football-field-sized automated storage and retrieval system using fast wheeled 'symbot' robots combined with AI-driven orchestration software. Walmart is its anchor customer, with a multi-year rollout covering all 42 Walmart US regional distribution centers, and Target, Albertsons, and C&S are additional customers. Symbotic also operates GreenBox Systems, a warehouse-as-a-service joint venture with SoftBank. Symbotic listed on Nasdaq under ticker SYM on 8 June 2022 via a SPAC merger with SVF Investment Corp. 3. Its market capitalization briefly exceeded $29B in 2023 before trading down to roughly $10B in 2024, and it remains one of the most financially transparent warehouse-automation companies in the market.
The most concrete public-market benchmark for warehouse-automation economics at hyperscale, and an anchor datapoint for how Walmart's supply chain is being re-platformed on robotics.
symbotic.com Warehouse AutomationUnited States flagUnited Statespublic · NASDAQ:SYM

At a glance

Total raised
Undisclosed
no public funding on record
Headcount
1001-5000
approximate · public range
Headquarters
Wilmington, MA
United States flagUnited States
Founded
2007
19 years active
Status
Public
Ticker · NASDAQ:SYM
Latest valuation
$5.5B
SPAC IPO · 2022
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