Symbotic Inc. is an American

robotics Robotics is the interdisciplinary study and practice of the design, construction, operation, and use of robots. Within mechanical engineering, robotics is the design and construction of the physical structures of robots, while in computer s ...

warehouse automation company based in

Wilmington, Massachusetts Wilmington is a town in Middlesex County, Massachusetts, United States. Its population was 23,349 at the 2020 United States census. History Wilmington was first settled in 1665 and was officially incorporated in 1730, from parts of Woburn, Re ...

. The company builds and operates automated warehouse systems for clients in the United States and Canada, using artificial intelligence in its software. The software is used by 1,400 stores, with customers in the grocery, retail and wholesale industries, including

C&S Wholesale Grocers C&S Wholesale Grocers, LLC is a national wholesale grocery supply company in the United States, based in Keene, New Hampshire. In 2021 it was the eighth-largest privately held company in the United States, as listed by Forbes. C&S operates and ...

Albertsons Albertsons Companies, Inc. is an American grocery company founded and headquartered in Boise, Idaho. With 2,253 stores as of the third quarter of fiscal year 2020 and 270,000 employees as of fiscal year 2019, the company is the second-large ...

Giant Tiger Giant Tiger Stores Limited is a Canadian discount store chain which operates over 260 stores across Canada. The company's stores operate under the Giant Tiger banner in Alberta, Manitoba, New Brunswick, Nova Scotia, Ontario, Prince Edward Island ...

Target Target may refer to: Warfare and shooting * Shooting target, used in marksmanship training and various shooting sports ** Bullseye (target), the goal one for which one aims in many of these sports ** Aiming point, in field artille ...

, and

Walmart Walmart Inc. (; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores in the United States and 23 other ...

History

The company was founded in 2007 as CasePick Systems. In January 2012, the company was renamed Symbotic. In 2014, Target adopted Symbotic's technology rather than building a new distribution center in Woodland, California. In 2017, Symbotic began working with Walmart at their distribution center in

Brooksville, Florida Brooksville is a city in and the county seat of Hernando County, Florida, Hernando County, Florida, in the United States. At the 2010 United States Census, 2010 census it had a population of 7,719, up from 7,264 at the 2000 census. Brooksville is ...

, where the company's automated technology was deployed to sort, store, retrieve and pack freight onto pallets. In the same year, the company also began working with Albertsons. In July 2021, Walmart began introducing Symbotic robots to 25 additional regional distribution centers. In December 2021, the company announced it was going public through a merger with SVF Investment Corp. 3, a

special-purpose acquisition company A special-purpose acquisition company (SPAC; ), also known as a blank check company or a blind-pool stock offering, is a shell corporation listed on a stock exchange with the purpose of acquiring (or merging with) a private company, thus taking ...

Products and services

Symbotic's autonomous robots can travel up to 25 miles per hour, move up and down, and drop off or retrieve one case of products per minute. In contrast with other automation systems, the robots are untethered rather than bolted down or limited to fixed routes.

References

External links

* {{Robotics Robotics companies of the United States Companies based in Wilmington, Massachusetts Companies listed on the Nasdaq Technology companies established in 2007 American companies established in 2007 2007 establishments in Massachusetts