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Seegrid’s Palion Tow Truck Collection 8. | Credit score: Seegrid
There have been “vital” layoffs at Seegrid, a Pittsburgh-based developer of autonomous cellular robots (AMRs). Jim Rock, CEO of Seegrid, mentioned about 90 workers have been let go. The Robotic Report has additionally seen a number of now-former workers submit concerning the layoffs on LinkedIn. Certainly one of them mentioned the layoffs have been a part of an organization restructuring.
“Seegrid decreased its workforce by roughly 90 positions throughout all departments,” mentioned Rock. “Whereas regrettable, this determination was made in mild of the worldwide financial slowdown and to raised place Seegrid for long-term development. The traders, board of administrators and govt management staff proceed to believe within the firm’s imaginative and prescient, staff and development alternative.”
Whereas it’s unclear how many individuals work at Seegrid, its LinkedIn firm profile mentioned it has between 201-500 workers. At press time, there have been 286 individuals on LinkedIn who checklist Seegrid as their present employer.
Based on this Kind D submitting, Seegrid can be in the midst of elevating a $75 million fairness spherical of funding. It has already closed $30 million. Based on Crunchbase, Seegrid has raised $107 million because it was based, together with the $30 million from this newest fairness spherical.
It must be famous that Seegrid filed Chapter 11 chapter in late 2014. On the time, it listed $48.7 million in excellent liabilities, in keeping with court docket paperwork. Almost $15 million of Seegrid’s secured debt was owed to its largest shareholder on the time, which was grocer Big Eagle Inc., which owned practically 32% of Seegrid at the moment.
Seegrid, which was based in 2003, has quite a lot of fashions in its Palion portfolio, together with Elevate AMRs, the Tow Tractor and Pallet Truck AMR. In June 2021, Seegrid launched assist for a Robots as a Service (RaaS) subscription mannequin. Along with the RaaS mannequin, Seegrid will proceed to supply its prospects choices to buy gear outright, in addition to varied leasing fashions.
In April 2022, Seegrid mentioned Sumitomo Drive Applied sciences chosen its AMRs for its increasing manufacturing operations. The ability transmission element producer selected Seegrid’s Palion AMR fleet and Fleet Central enterprise software program to assist autonomous hauling of components and gear between its present 250,000 meeting facility and its new 100,000 sq. foot warehouse. The preliminary Seegrid Palion Tow Tractor workflow was 3,000 ft spherical journey, operating as much as 30-40 occasions per day.
Seegrid in October 2020 acquired LiDAR startup Field Robotics. On the time of the deal, Seegrid mentioned the acquisition will assist it advance its vision-guided robots for secure supplies dealing with.
Seegrid is the newest robotics firm to be hit by layoffs. The Robotic Report discovered simply yesterday that Perceptive Automata, a Boston-based developer of human conduct understanding AI for autonomous automobiles and robots, just lately shut down. Based on co-founder and CTO Sam Anthony, Perceptive Automata went “kablooey” after it failed to shut Collection B funding. In July, a lot of firms minimize employees, together with Argo AI, Nuro, Pudu Robotics, and Starship Applied sciences. And DoorDash introduced it’s shutting down Chowbotics simply 18 months after buying the enterprise.
This story is growing and will likely be up to date if extra data turns into accessible.
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