Attabotics Valuation, Funding & Investors
Attabotics is valued at $164M as of November 2022.
Last Attabotics valuation
$164M
Series C · Nov 2022
Last Attabotics funding round
$71M
Series C · Nov 2022
Cumulative funding Attabotics raised
$150M
across 4 funding rounds
Key investors in Attabotics
Honeywell
Coatue
Comcast Ventures
Forerunner
Export Development Canada
Ontario Teachers' Pension Plan
About Attabotics
Attabotics is a Calgary-headquartered robotics firm delivering high-density 3D warehousing systems. Founded in 2016, its NanoSystem uses AI-driven robotic shuttles for order fulfillment, reducing storage footprints by up to 10 times compared to traditional warehouses. The company has raised $123 million from investors like Georgian and Caisse de dépôt, powering facilities for Gap Inc. and Harley-Davidson across North America.
Founded
2015
HQ
CalgaryWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Product sales, Subscription
Valuation
$164M (Nov 2022)
Attabotics Valuation
Attabotics is currently valued at $164M, based on its Series C in November 2022.
The $71M round was led by Export Development Canada, with participation from Teachers’ Venture Growth.
Attabotics valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Nov 2022 | Series C | $164M |
Attabotics Funding History
Attabotics has raised a total of $150M across 4 funding rounds.
Attabotics' first fundraising round was a $5M seed round in January 2015. The most recent completed round was a $71M Series C in November 2022.
Attabotics funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2022 | Series C | Export Development Canada (lead); Teachers’ Venture Growth | $71M | $164M | Attabotics is a Calgary, Alberta-based warehouse automation company that specializes in 3D robotics for logistics and fulfillment centers. The company replaces traditional warehouse rows and aisles with a patented vertical storage structure and robotic shuttles called Attabots that move in three-dimensional space to pick goods presented to workers at perimeter workstations. Founded in 2016, Attabotics serves brands and retailers across apparel, food and beverage, and home goods sectors. In November 2022, the company announced a Series C-1 funding round of $71.7 million USD led by Export Development Canada with participation from Ontario Teachers' Pension Plan Board through Teachers' Venture Growth, bringing total funding to $165.1 million USD. The round was announced shortly after Attabotics launched its first commercialized product, the Attabot 2022, a warehouse automation system designed to reduce floor space requirements by up to 85% compared to traditional warehouses. The funding was intended to accelerate commercialization, advance software and hardware development, and support international expansion. By late 2022, Attabotics had secured partnerships with notable customers including Pan Pacific Pet, the U.S. Department of Defense, and South Korea-based Synus Tech. However, the company's post-money valuation, revenue, and EBITDA were not publicly disclosed at the time of this funding announcement. |
| Aug 2020 | Series C | Ontario Teachers' Pension Plan (lead); Honeywell | $50M | - | Attabotics is a Calgary-based 3D robotics supply chain company that develops robotic shuttles and vertical storage solutions to improve warehouse logistics, efficiency, and space utilization for sectors including retail, food, and B2B. On August 18, 2020, it announced a $50 million USD Series C funding round led by Ontario Teachers’ Pension Plan Board through its Teachers’ Innovation Platform, with participation from existing investor Honeywell, bringing total funding to $82.7 million USD. The funds were earmarked to accelerate commercial deployment, invest in new technologies, scale manufacturing operations, and capitalize on heightened demand driven by COVID-19, which boosted e-commerce growth and warehouse needs. The company reported deployments in six North American locations at the time, serving clients like Nordstrom, with CEO Scott Gravelle highlighting increased interest from retailers seeking supply chain modernization for faster delivery, reduced inventory, and lower costs. Ontario Teachers’ senior managing director Olivia Steedman praised Attabotics’ differentiated technology as poised to disrupt cube storage solutions. This round followed a $25 million raise in July 2019, reflecting growing investor confidence amid a robotics funding surge. Notably, Honeywell had submitted a US$350 million takeover bid to Attabotics in 2020 prior to or around this fundraising period, which the company did not accept. Attabotics later raised a Series C1 of US$71.7 million in November 2022 but encountered challenges, eventually entering creditor protection. |
| Jul 2019 | Series B | Coatue (lead); Comcast Ventures (lead); Honeywell (lead); Forerunner; Werklund Capital | $25M | - | Attabotics, a Calgary-based developer of 3D robotics supply chain systems inspired by ant colonies, raised $25 million in a Series B funding round on July 30, 2019, led by Coatue, Comcast Ventures, and Honeywell, with participation from returning investors Forerunner Ventures and Werklund Growth Fund. The funding brought total capital raised to $32.7 million at that time, intended to support explosive growth through new hires, scaling manufacturing operations, and developing new technologies. The company's patented system replaces traditional warehouse layouts with a vertical storage structure where robotic shuttles store and retrieve goods, reducing footprint by up to 85%, lowering costs, and enabling urban proximity for faster deliveries. Attabotics operated fulfillment centers across the US and Canada, serving major brands in apparel, food and beverage, and home goods. Honeywell's investment aligned with its focus on warehouse automation and supply chain efficiency, as noted by Honeywell Ventures' managing director Murray Grainger. Forerunner Ventures' general partner Eurie Kim highlighted the system's role in addressing e-commerce pressures for faster fulfillment, vast inventory management, and returns processing while maintaining profitability. The round matched the specified investors and approximate date, confirming it as a strategic bet on robotics for modern commerce demands. Post-Series B, Attabotics secured a $50 million Series C in 2020 led by Ontario Teachers’ Pension Plan Board with Honeywell's return, raising total funding to $82.7 million. In 2020, Honeywell proposed a US$350 million all-cash acquisition via non-binding expression of interest, described as strategically compelling to extend fulfillment services, but the deal did not proceed. The company later raised nearly $200 million overall, including government funding, before facing financial distress by 2025 with $73.8 million liabilities against $31.6 million in assets, entering creditor protection. |
| Jan 2015 | Seed | - | $5M | - | - |
Who has invested in Attabotics?
8 investors have backed Attabotics across its funding rounds, including Honeywell, Coatue, Comcast Ventures, Forerunner, Export Development Canada and Ontario Teachers' Pension Plan.
Lead investors include Export Development Canada, Ontario Teachers' Pension Plan, Coatue, Comcast Ventures and Honeywell.
Attabotics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 Charlotte, NC | 2 | Lead | Jul 2019 | |
| Ottawa | 1 | Lead | Nov 2022 | |
| Toronto | 1 | Lead | Aug 2020 | |
| San Francisco, CA | 1 | Lead | Jul 2019 | |
| San Francisco, CA | 1 | Participant | Jul 2019 | |
| Calgary | 1 | Participant | Jul 2019 | |
This data is available for Pro users. Sign up to see all 8 Attabotics investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAttabotics Competitors
Attabotics competitors include listed companies like Systems Engineering and Softing, and private ones like Multiway Robotics, Infinite Uptime, Haber and Rapid Robotics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Shenzhen | Private | - | - | $143M | - | |
 Pune | Private | $6M | - | $158M | 26.3x | |
| Pune | Private | $9M | - | $148M | 16.4x | |
| San Francisco, CA | Private | - | - | $193M | - | |
 Japan | Publicly listed | $72M | $14M | $205M | 2.2x | |
 Germany | Publicly listed | $98M | $5M | $30M | 0.4x |
Attabotics Public Comps
Attabotics is still privately-owned, but its public comps include Tecnotree, Admicom, Tracsis, Scott Tech, Hdclabs, Everybot, Systems Engineering, Honghua Group, Computer Modelling Group and But'one Information Corp.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $83M | $26M | 1.8x | - | 5.8x | - | |||
| $43M | $14M | 3.3x | 3.2x | 10.1x | 10.0x | |||
| $110M | $13M | 1.0x | 1.0x | 8.8x | 6.1x | |||
| $158M | $18M | 1.0x | 1.0x | 8.9x | 8.0x | |||
| $470M | $15M | 0.2x | 0.2x | 4.9x | - | |||
| $25M | ($7M) | 4.8x | - | (17.7x) | - | |||
| $72M | $14M | 2.3x | 2.2x | 12.3x | - | |||
| $819M | $78M | 0.9x | - | 9.7x | - | |||
This data is available for Pro users. Sign up to see all Attabotics competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Attabotics
| When was Attabotics founded? | Attabotics was founded in 2015. |
| Where is Attabotics headquartered? | Attabotics is headquartered in Calgary, Canada. |
| Is Attabotics publicly listed? | No, Attabotics is a private, VC-backed company. |
| What is Attabotics' valuation? | Attabotics was last valued at $164M in its Series C in November 2022. |
| How much funding has Attabotics raised? | Attabotics has raised $150M across 4 funding rounds. |
| What was Attabotics' last funding round? | Attabotics' last funding round was a $71M Series C in November 2022, led by Export Development Canada. |
| Who are Attabotics' investors? | Attabotics' investors include Honeywell, Export Development Canada, Ontario Teachers' Pension Plan, Comcast Ventures, Forerunner, Werklund Capital, Teachers’ Venture Growth and Coatue. |
| Which companies are comparable to Attabotics? | Companies comparable to Attabotics include Multiway Robotics, Infinite Uptime, Haber, Rapid Robotics, Systems Engineering and Softing. |
See companies similar to Attabotics
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.