Picnic Valuation, Funding & Investors

Shenzhen-headquartered PuduTech develops service robots for the hospitality sector, including delivery models like BellaBot and KettyBot alongside disinfection units such as Adibot. Founded in 2016, the company has deployed over 40,000 units to restaurants in 60 countries, with clients including KFC outlets and Hilton hotels. PuduTech's solutions feature SLAM navigation, multi-robot fleet management via PUDU Scheduler software, and integration with POS systems for streamlined operations in hotels, cafes, and hospitals.

Arda is an AI manufacturing software company that converts product designs into factory-ready manufacturing plans and adaptable production processes. Its software builds a single source of truth for manufacturing, so that plans and processes adjust as designs change or demand shifts, helping manufacturers produce faster and at lower cost. The company says its system already runs across multiple production lines at a large US manufacturer. Matt Grimm is co-founder and COO, and the Ref credits Bob McGrew as founder. Customers are manufacturers, and the product is sold as B2B software. Arda is based in San Francisco, California.

HAI ROBOTICS is a Shenzhen-headquartered provider of autonomous case-handling robotic systems for warehouses and factories. The company develops AI-powered solutions like the HAIPICK system, first launched in 2015, which supports rapid deployment in logistics facilities. Clients including DHL Supply Chain, BEST Supply Chain, and Philips deploy HAIPICK for order fulfillment and storage. HAI ROBOTICS holds numerous patents in robotics and maintains offices in the United States, Germany, and Japan.

Mashgin is a provider of AI-powered self-checkout kiosks using computer vision for frictionless payments. Palo Alto-headquartered and founded in 2014, it deploys systems in over 1,000 U.S. locations including stadiums like Levi's Stadium, airports such as San Francisco International, and chains like Sheetz convenience stores. The technology identifies unpackaged items like fruits and bakery goods without barcodes or scales, processing transactions in seconds.

Perfect Day is a Berkeley, California-headquartered biotech firm producing animal-free whey and casein proteins identical to dairy counterparts using precision fermentation. Founded in 2014, it partners with Nestlé for ice cream and Mars for chocolate products, scaling production at a 30,000-liter fermenter facility. The proteins appear in Brave Robot ice cream sold nationwide and The urgent Cow milk. Perfect Day's process reduces cow methane emissions equivalent to 379 million gallons of milk annually.

Zen Technologies Ltd is engaged in the design, development, and manufacture of training simulators. The products of the company are; Weapon Simulator, Hand Grenade Simulator, Driving Training Simulator, BMP-II Driving Simulator, Forward Observer Simulator, Tactical Engagement Simulator and among others. The firm offers its products to police and paramilitary forces, armed forces, security forces, government departments, such as transport, mining, infrastructure, and civilian markets. The company caters to both domestic and international markets.

PaXini Tech is a Chinese manufacturer of tactile sensors for advanced applications. The company's flexible pressure-sensitive films enable touch feedback in robotic grippers, automotive interfaces, wearable health monitors, and virtual reality gloves. PaXini products support high-resolution sensing up to 100 Hz, used in humanoid robots and surgical simulators. Based in Shenzhen since 2018, the firm supplies components to automation firms across Asia.

Square Robot is a developer of autonomous underwater vehicles designed for inspecting ship hulls, oil storage tanks, and submerged infrastructure in the oil and gas sector. The Boston-headquartered company, founded in 2016, deploys compact robotic systems that navigate confined spaces to detect corrosion and structural issues without human divers. Square Robot's technology integrates advanced sensors and AI for real-time data analysis, serving petrochemical clients worldwide to enhance safety and reduce operational downtime.

Quanergy Systems is a San Jose-headquartered designer of 3D LiDAR sensors for automotive ADAS, industrial automation, and physical security. The company's S3 solid-state sensors deliver 1.3 million points per second with 120-degree FOV for object detection up to 300 meters. Deployed by 400 customers including Volvo and John Deere, Quanergy partners with 50 integrators globally. Founded in 2012, it emerged from Chapter 11 in 2023 to focus on smart sensing markets.

Harbin Boshi Automation Co Ltd is engaged in manufacturing robots and automated equipment and system solutions in China. The company's main products and services include industrial robots, automated equipment, and system solutions, and provides related value-added services. The products are mainly used in the post-processing of solid materials in petrochemical, coal chemical, salt chemical, fine chemical, fertilizer, metallurgy, logistics, food, feed, and other industries.

Locus Robotics is a Wilmington, Massachusetts-headquartered manufacturer of autonomous mobile robots designed for e-commerce fulfillment and warehouse operations. Its LocusBots navigate facilities using onboard AI to pick and transport totes, boosting order throughput by 2X to 3X while maintaining 99.95% accuracy. The fleet management software coordinates hundreds of robots in shared spaces with human workers, integrating with warehouse management systems like Manhattan Associates and SAP. Deployed in over 100 facilities worldwide, the robots handle peak holiday volumes for retailers such as Boots, DHL Supply Chain, and SpeedCommerce. Founded in 2014, Locus Robotics has raised over $150 million in funding and operates in North America, Europe, and Asia.

Nomad Foods Ltd is a packaged foods company that is involved in the business of manufacturing and distribution of branded frozen foods in Western Europe. The company manufactures and markets frozen food products such as fish, vegetables, poultry, Ice Cream and ready meals like pizza. It sells its products through large grocery retailers under the brand Birds Eye in the United Kingdom and Ireland, Findus in Italy, France, Spain, and Scandinavia, and Iglo in Germany and other continental markets. The company operates through a single segment being Frozen. The majority of the revenue is generated from the United Kingdom.

Opentrons is a Brooklyn-based manufacturer of open-source pipetting robots for life sciences labs. Its OT-2 system automates protocols like PCR setup and cell culture using Python scripting via Opentrons App. Launched in 2016, Opentrons supplies academic institutions and biotech firms worldwide, including partnerships with Harvard and AstraZeneca.

Sineva is a Shenzhen-based robotics manufacturer producing transfer robots, test handlers, and intelligent factory automation systems. The company supplies equipment for semiconductor assembly, electronics testing, and service robotics applications in Asia.

Mech Mind Robotics Technologies Co Ltd is principally engaged in providing products of intelligent robot guidance, intelligent inspection and measurement and related services. Its product portfolio includes intelligent robotic guidance systems comprising industrial 3D cameras and software, intelligent inspection and measurement products comprising 3D measurement instruments and software, and foundational components such as multimodal AI models and dexterous robotic hands. The company serves customers in industries including automotive, new energy, consumer electronics, logistics, education, and general manufacturing. The majority of revenue is derived from the sale of its Intelligent robotic guidance products. Geographically, the maximum revenue is generated from Chinese Mainland.

Arcs Co Ltd is a Japan-based company principally engaged in the supermarket business. The company also operates other businesses through subsidiaries, including tourism, building maintenance, real estate leasing, property and casualty insurance and life insurance agency, wholesale, food manufacturing, industrial and general waste collection, and construction businesses. The supermarket segment offers a broad range of merchandise, including foods, apparel, and housing-related products.

Exotec is a Lille, France-headquartered robotics firm producing the Skypod goods-to-person system for e-commerce warehouses. Installed in facilities handling up to 1 million picks per day, Skypod deploys fleets of autonomous vehicles on vertical storage racks adaptable to ambient and chilled environments for clients like LVMH and Decathlon.

Geek+ is a Beijing-headquartered developer of autonomous mobile robots for warehouse automation, factory operations, and supply chain logistics. The company deploys AI-powered picking robots, sorting systems, and pallet trucks customized for e-commerce giants, apparel brands like Shein, retailers, third-party logistics firms, pharmaceutical distributors, and manufacturers of automobiles and electronics. Geek+ leads China's robotics market with deployments exceeding peers, maintains partnerships with JD.com and SF Express for co-developed solutions, and expanded globally to Europe and Southeast Asia since its 2015 founding.