Viam Funding, Investors & Competitors

Viam has raised $117M across 4 funding rounds, most recently a $30M Series C in March 2025.

See full Viam profile

Last Viam funding round

$30M

Series C · Mar 2025

Cumulative funding Viam raised

$117M

across 4 funding rounds

Key investors in Viam

  • Union Square Ventures
  • Battery Ventures
  • Tiger Global
  • Anchor Capital GP
  • Schox Venture Capital
  • 12 West Capital
  • Neurone

Viam Overview

About Viam

Viam is a New York-headquartered robotics platform that unifies hardware and software for developers building autonomous machines. Its open-source framework supports industrial arms, drones, and consumer robots through modular drivers for cameras, motors, and sensors. Launched in 2020 by Eliot Horowitz, cofounder of MongoDB, Viam powers applications in manufacturing, agriculture, and logistics. The company offers cloud connectivity for fleet management and remote operation, with integrations to ROS and Python libraries. Viam serves teams deploying over 100,000 robots worldwide.


Founded

2020

HQ

United StatesNew York City, NY

Website

viam.com

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Viam Funding History

Viam has raised a total of $117M across 4 funding rounds.

Viam's first fundraising round was a $12M seed round in June 2021. The most recent completed round was a $30M Series C in March 2025.

Viam funding rounds

Viam funding rounds
DateStageInvestorsRaisedDeal Summary
Mar 2025Series CUnion Square Ventures (lead); Battery Ventures; Anchor Capital GP; Neurone$30MViam, the engineering platform for data, AI, and automation, announced a $30 million Series C funding round on March 3, 2025, led by Union Square Ventures with participation from Battery Ventures, Neurone (a European investment group backed by families behind brands like Ferrari), and other existing investors. This round brings Viam's total funding to $117 million. Founded by Eliot Horowitz, former MongoDB cofounder, Viam focuses on bridging AI, data, and physical devices such as cameras, robotic arms, and sensors to help enterprises manage hardware fleets and integrate them into AI workflows. The funding aims to accelerate Viam's global growth, particularly in Europe, building on momentum in Italy and other regions, and to advance applications in sectors like manufacturing, marine technology, and venues. Clients include UBS Arena for the New York Islanders, integrating cameras and point-of-sale systems for crowd management, and Canyon Runner for marine sensor data. Investors highlighted Viam's unique position in connecting AI to the physical world, with USV's Albert Wenger praising Horowitz's track record and the platform's potential as an abstraction layer akin to Shopify or AWS for hardware. Viam emphasizes customer traction and differentiation in the crowded AI space, positioning itself to enable legacy infrastructure upgrades and new AI-driven products.
Mar 2024Series BUnion Square Ventures; Battery Ventures$45MViam is a cloud-based open source software platform for smart machines, robotics, IoT, and automation, founded by former MongoDB co-founder Eliot Horowitz. It enables developers to accelerate time to market, decrease risks, increase velocity, improve efficiency, and deploy AI/ML models via its Modular Registry, with partnerships in industrial automation, manufacturing, and more. On March 26, 2024, Viam announced a $45 million Series B funding round with participation from continuing investors Union Square Ventures and Battery Ventures, bringing total funding to $87 million. The funds aim to deepen enterprise partnerships, advance the developer ecosystem, and bridge software and hardware at scale. Since general availability in May 2023, Viam has worked with global enterprises and startups across sectors to enable device-to-cloud data pipelines for real-time monitoring, predictive maintenance, and remote diagnostics. Key quotes highlight its paradigm shift in robotics and automation: Albert Wenger of Union Square Ventures noted Viam's open architecture brings robotics promises to everyday devices, while Horowitz emphasized empowering developers in IoT, robotics, smart home, and industrial automation. A later $30 million Series C round was announced on March 3, 2025, led by Union Square Ventures with participation from Battery Ventures, Neurone (backed by families behind brands like Ferrari), and others, raising total funding to $117 million. This followed expansion into robotics, quick-service restaurants, climate tech, marine, industrial manufacturing, and a partnership with New York Islanders and UBS Arena as Official AI Technology Partner. The Series C supports global growth, particularly in Europe including Italy.
Apr 2022Series ATiger Global (lead); Schox Venture Capital; Union Square Ventures; Battery Ventures; 12 West Capital$30M-
Jun 2021SeedUnion Square Ventures (lead)$12MViam is an engineering platform for data, AI, and automation that enables hardware and software engineers to collaborate and build technology solutions for devices and smart machines in the physical world. The company was founded in 2020 by Eliot Horowitz, former co-founder and CTO of MongoDB. In June 2021, Viam closed a Seed VC funding round led by Union Square Ventures. The specific valuation and revenue details for this early-stage round were not publicly disclosed at the time. The company has since grown substantially, raising a Series A in February 2022 and a Series B of $45 million in March 2024 before announcing a $30 million Series C in March 2025, bringing total capital raised to $117 million.

Who has invested in Viam?

7 investors have backed Viam across its funding rounds, including Union Square Ventures, Battery Ventures, Tiger Global, Anchor Capital GP, Schox Venture Capital and 12 West Capital.

Lead investors include Union Square Ventures and Tiger Global.


Viam Investors

Investors in Viam by funding rounds participated
InvestorHQRoundsRoleFirst check
Union Square VenturesUnited StatesNew York City, NY4LeadJun 2021
Battery VenturesUnited StatesBoston, MA3ParticipantApr 2022
Schox Venture CapitalUnited StatesSan Francisco, CA1ParticipantApr 2022
12 West CapitalUnited StatesUnited States1ParticipantApr 2022
Anchor Capital GPUnited StatesDallas, TX1ParticipantMar 2025

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Viam Competitors

Viam competitors include listed companies like UBtech Robotics and Shenzhen Huaqiang, and private ones like Terminus Technologies, Orby, Figure and Skild AI.

Public and private companies comparable to Viam
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
UBtech RoboticsChinaChinaPublicly listed$298M($108M)$5.1B9.5x
Terminus TechnologiesChinaBeijingPrivate--$2.9B-
OrbyUnited StatesSan Francisco, CAPrivate--$2.5B-
FigureUnited StatesSan Jose, CAPrivate--$39B-
Skild AIUnited StatesPittsburgh, PAPrivate$30M-$14B-
Shenzhen HuaqiangChinaChinaPublicly listed$3.7B$161M$3.5B-

Viam Public Comps

Viam is still privately-owned, but its public comps include Tesla, Stryker, Johnson Controls, BOE, Unitree Robotics, Samsara, Lite-On Technology, Sharetronic, Advantech and Zebra.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Tesla$95B$10B15.0x13.8x140.8x97.4x
Stryker$25B$6.3B4.7x4.5x18.8x15.6x
Johnson Controls$24B$3B4.0x3.7x31.0x20.0x
BOE$31B$7B1.7x1.6x7.5x7.3x
Unitree Robotics$253M$55M118.8x-548.5x-
Samsara$1.6B($29M)14.0x12.0x(794.5x)55.7x
Lite-On Technology$5.2B$700M3.6x2.9x26.5x19.7x
Sharetronic$1.8B$325M12.2x-68.8x-

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Common questions about Viam

When was Viam founded?Viam was founded in 2020.
Where is Viam headquartered?Viam is headquartered in New York City, NY, United States.
Is Viam publicly listed?No, Viam is a private, VC-backed company.
How much funding has Viam raised?Viam has raised $117M across 4 funding rounds.
What was Viam's last funding round?Viam's last funding round was a $30M Series C in March 2025, led by Union Square Ventures.
Who are Viam's investors?Viam's investors include Union Square Ventures, Battery Ventures, Schox Venture Capital, 12 West Capital, Anchor Capital GP, Tiger Global and Neurone.
Which companies are comparable to Viam?Companies comparable to Viam include UBtech Robotics, Terminus Technologies, Orby, Figure, Skild AI and Shenzhen Huaqiang.

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