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Seegrid Doubles Revenue in 2020 

 January 7, 2021

By  Mike Oitzman

Seegrid Corporation announces that they doubled their revenue in 2020, following a similar milestone from 2019. This announcement is a significant market indicator of the growth and adoption of autonomous material handling solutions for manufacturing, e-commerce and fulfillment workflows.

“The incredible growth we recorded last year is a testament to our collective ability to adapt to changing environments -- something that our customers can uniquely do when using our automation solutions,” said Jim Rock, Seegrid’s Chief Executive Officer. “Supply chain disruption surfaced in many different ways in 2020, but our ability to help our customers move materials safely around the world is a constant.”

Also notable in 2020, Seegrid passed another significant milestone of four million autonomous miles driven. The company also closed a $52M financing round in September 2020 and acquired Box Robotics in October 2020.

Seegrid tow tractor and pallet truck images

Seegrid vision guided tow tractor and pallet truck (image courtesy of Seegrid)

“We are especially pleased to have added Box’s co-founders Tom Panzarella and John Spletzer to the Seegrid team,” said Rock.

The company expects similar growth in 2021, and is likely to be helped by the worldwide recovery from the pandemic and a "return-to-normal" operations at many manufacturing companies.

You can listen to an interview with Seegrid's VP of Product, Jeff Christensen on The Mobile Robot Podcast, episode #8.

About the author 

Mike Oitzman

Mike Oitzman brings 25 years of product management and product marketing experience to the role of publisher and editor for Mobile Robot Guide. Mike is a respected expert in the mobile robot market and is a frequent panel leader and speaker at events and tradeshows.

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