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- Brain Corp
Brain Corp Valuation, Funding & Investors
Brain Corp is valued at $464M as of February 2024.
Last Brain Corp valuation
$464M
Strategic investment · Feb 2024
Last Brain Corp funding round
$32M
Strategic investment · Feb 2024
Cumulative funding Brain Corp raised
$182M
across 3 funding rounds
Key investors in Brain Corp
SoftBank Group
Qualcomm Ventures
ClearBridge Investments
Tennant
Satwik Ventures
About Brain Corp
Brain Corp is a San Diego-headquartered AI company developing BrainOS, an autonomy platform for commercial robots. The software powers floor-scrubbing and inventory robots deployed in over 10,000 units across retail chains. Braincorp.com partners with manufacturers like Tennant and SoftBank Robotics. Named top autonomy provider by ABI Research, Brain Corp operates in grocery stores, airports, and hospitals. Founded in 2009, it processes millions of square feet daily through its fleet.
Founded
2009
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
Valuation
$464M (Feb 2024)
Brain Corp Valuation
Brain Corp is currently valued at $464M, based on its strategic investment round in February 2024.
The $32M round was led by Tennant.
Brain Corp's valuation has grown 1.9x from $240M at its Series C in July 2017 to $464M in February 2024, across 2 priced rounds.
Brain Corp valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Feb 2024 | Strategic investment | $464M |
| Jul 2017 | Series C | $240M |
Brain Corp Funding History
Brain Corp has raised a total of $182M across 3 funding rounds.
Brain Corp's first fundraising round was a $114M Series C in July 2017. The most recent completed round was a $32M strategic investment round in February 2024.
Brain Corp funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2024 | Strategic investment | Tennant (lead) | $32M | $464M | Brain Corp is an AI software company founded in 2009, specializing in autonomous navigation technology for commercial robots, particularly floor-cleaning applications via its BrainOS platform. The company powers over 32,000 robots globally, with more than 5,700 new deployments across 265 customers in 2023 and a total of over 2,700 customers using BrainOS. On February 22, 2024, Tennant Company invested $32 million in Brain Corp as part of an expanded strategic partnership, marking a corporate minority round that brought total funding to approximately $193 million across multiple rounds. This investment accompanies an exclusive technology agreement where Tennant will use Brain Corp's next-generation navigation software and hardware exclusively for its floorcare autonomous mobile robots (AMRs), starting with the X4 ROVR launch in Q2 2024. The partnership aims to accelerate robotic cleaning adoption amid labor shortages, bundling Tennant's hardware with Brain Corp's autonomy services for simplified customer purchasing and recurring revenue streams. Tennant, with over 6,500 robots already powered by BrainOS, reported $1.24 billion in 2023 net sales and holds an enterprise value of $2.26 billion. Earlier data notes a $464.23 million Series D valuation in April 2020 and total funding around $182-193 million. Fay West, Tennant CFO, joined Brain Corp's board. The collaboration positions both firms to lead in AI-driven cleaning robotics, targeting improved ROI through enhanced maneuverability, obstacle detection, and human-robot interaction. |
| Apr 2020 | Series D | SoftBank Group (lead); Qualcomm Ventures; ClearBridge Investments; Satwik Ventures | $36M | - | Brain Corp is a San Diego-based AI company developing BrainOS, a software platform powering autonomous mobile robots (AMRs) for commercial applications like floor scrubbing in retail, warehousing, airports, and healthcare. The company enables OEM partners to build and deploy robots that automate cleaning and other tasks, emphasizing safety, efficiency, and scalability. In April/May 2020, Brain Corp raised $36 million in a Series D round led by SoftBank Vision Fund, with participation from Clearbridge Investments, Qualcomm Ventures, and Satwik Ventures, bringing total funding to around $150-193 million across multiple rounds including a prior $114 million Series C in 2017. Around the 2020 funding, Brain Corp demonstrated strong traction with record growth: over 300% revenue increase in 2019 driven by retailer adoption of BrainOS-powered floor scrubbers, including Walmart, and 760% growth in global deployments to approximately 10,000 robots. In 2020, the company extended its leadership amid pandemic-driven demand, achieving over 80% year-over-year growth in monthly subscription revenue from cloud-connected services, surpassing 4 million autonomous operating hours, generating 3.3 million hours of customer productivity, and covering 54 billion square feet autonomously. Additional highlights included new partnerships like a robotic scrubber with Tennant Company and recognition as a top autonomy provider. Brain Corp powers the world's largest fleet of over 35,000 AMRs as of later reports, serving Fortune 500 brands across retail and other sectors. The 2020 round supported ongoing innovation in robotics autonomy, with subsequent funding like $32 million in 2024 from Tennant Co. |
| Jul 2017 | Series C | SoftBank Group (lead); Qualcomm Ventures | $114M | $240M | Brain Corp, a San Diego-based AI company founded in 2009, develops BrainOS, an autonomous operating system that enables robots to perceive environments, navigate obstacles, and perform tasks like floor cleaning using off-the-shelf hardware. The company partners with OEMs such as Tennant and Nilfisk to retrofit manual machines into autonomous robots, offering its technology via subscription fees. Initially incubated in Qualcomm's research lab, Brain Corp spun out and received its first institutional investment from Qualcomm Ventures. On July 19, 2017, Brain Corp raised $114 million in a Series C round led by SoftBank Vision Fund, with participation from Qualcomm Ventures, marking the largest single VC investment in a San Diego startup that year. The funding aimed to accelerate AI development for commercial and consumer robots, including porting BrainOS to Qualcomm's Snapdragon platform for broader applications in cleaning, sorting, security, and indoor mobility. At the time, Brain Corp's technology was already commercially deployed in supermarket floor-cleaning robots, with Qualcomm Executive Chairman Paul Jacobs noting it improved performance, reduced costs, and generated real revenues. SoftBank Chairman Masayoshi Son highlighted Brain Corp's potential to create convenient autonomous machines commonplace like smartphones. The round solidified strategic partnerships, with Qualcomm retaining a board seat. Brain Corp continued growth post-2017, raising $36 million in Series D in April 2020 led by SoftBank Vision Fund 1, followed by additional funding reaching over $193 million total by 2024. The company powers a large fleet of autonomous mobile robots across retail, healthcare, airports, and other sectors, named top autonomy provider by ABI Research. |
Who has invested in Brain Corp?
5 investors have backed Brain Corp across its funding rounds, including SoftBank Group, Qualcomm Ventures, ClearBridge Investments, Tennant and Satwik Ventures.
Lead investors include Tennant and SoftBank Group.
Brain Corp Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Jul 2017 | ||
| 2 | Lead | Jul 2017 | ||
| 1 | Lead | Feb 2024 | ||
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Start Free TrialInvestments by Brain Corp
Brain Corp has invested in 1 company to date.
Latest investment by Brain Corp was on June 28th 2018. Brain Corp invested in Savioke in their $17M Series B round.
Latest Investments by Brain Corp
| Description | Savioke is a San Jose-based robotics firm deploying Relay delivery robots in hotels and hospitals. Introduced in 2014, Relay navigates elevators and corridors autonomously, delivering amenities to 1,000 rooms nightly at properties like Hilton, Marriott, and Holiday Inn. The fleet exceeds 10,000 units across North America and Asia, boosting guest satisfaction scores by 20 percent per operator reports. Backed by Intel Capital and Google Ventures since its 2013 founding, Savioke integrates with property management systems for order dispatching and inventory restocking. |
| HQ Country | |
| HQ City | San Jose, CA |
| Deal Date | 28 Jun 2018 |
| Round | Series B |
| Raised | $17M |
| Investors | Swisslog; Recruit Strategic Partners; Intel Capital; Mori Trust |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Brain Corp investments and their VC round multiples. Start Free Trial | |
Brain Corp Competitors
Brain Corp competitors include listed companies like UBtech Robotics and Swarmer, and private ones like Gaussian Robot, D-Robotics, Telexistence and Beyond Imagination.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $298M | ($108M) | $5.1B | 9.5x | ||
| Private | - | - | $470M | - | ||
| Private | - | - | $450M | - | ||
| Private | - | - | $497M | - | ||
| Private | - | - | $500M | - | ||
| Publicly listed | $310K | ($8M) | $342M | 101.7x |
Brain Corp Public Comps
Brain Corp is still privately-owned, but its public comps include ECARX Group, Swarmer, Volatus Aerospace, Reconova Technologies, Palladyne AI, DOF Robotics, Seeing Machines, RoboStrategy, Robo.ai and Huayan Robotics.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $848M | ($23M) | 1.1x | 0.9x | (40.7x) | 60.0x | |||
| $310K | ($8M) | 1023.2x | 101.7x | (37.3x) | (29.1x) | |||
| $25M | ($8M) | 12.5x | 11.1x | (37.6x) | (38.6x) | |||
| $66M | ($8M) | 10.0x | - | (82.0x) | - | |||
| $5M | ($27M) | 47.8x | 13.0x | (9.4x) | (7.8x) | |||
| $21M | $8M | 13.3x | - | 36.7x | - | |||
| $62M | ($6M) | 5.4x | 3.9x | (56.5x) | 52.2x | |||
| - | - | - | - | - | - | |||
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Common questions about Brain Corp
| When was Brain Corp founded? | Brain Corp was founded in 2009. |
| Where is Brain Corp headquartered? | Brain Corp is headquartered in San Diego, CA, United States. |
| Is Brain Corp publicly listed? | No, Brain Corp is a private, VC-backed company. |
| What is Brain Corp's valuation? | Brain Corp was last valued at $464M in its strategic investment round in February 2024. |
| How much funding has Brain Corp raised? | Brain Corp has raised $182M across 3 funding rounds. |
| What was Brain Corp's last funding round? | Brain Corp's last funding round was a $32M strategic investment round in February 2024, led by Tennant. |
| Who are Brain Corp's investors? | Brain Corp's investors include Qualcomm Ventures, SoftBank Group, Tennant, ClearBridge Investments and Satwik Ventures. |
| Which companies are comparable to Brain Corp? | Companies comparable to Brain Corp include UBtech Robotics, Gaussian Robot, D-Robotics, Telexistence, Beyond Imagination and Swarmer. |
| How many companies has Brain Corp invested in? | Brain Corp has invested in 1 company, including Savioke. |
| What was Brain Corp's last investment? | In June 2018, Brain Corp invested in Savioke's $17M Series B alongside Swisslog, Recruit Strategic Partners, Intel Capital and 1 other investor. |
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