Symbotic

Symbotic Inc is an equity in the USA market. The price is 47.91 USD currently with a change of 5.74 USD (0.14%) from the previous close. The latest open price was 42.75 USD and the intraday volume is 4,948,633.

The intraday high is 47.95 USD, and the intraday low is 42.27 USD. The latest trade time is Thursday, July 3, 10:45:00 PDT.

Symbotic Inc. is a leading American company specializing in warehouse automation through advanced robotics and artificial intelligence (AI). Founded in 2007 and headquartered in Wilmington, Massachusetts, Symbotic has revolutionized supply chain operations by developing an end-to-end system.

This system integrates autonomous robots with intelligent software to enhance efficiency, speed, and flexibility in warehouse environments.

Technology and System Features

The core of Symbotic's offering is its AI-powered robotic technology platform. It orchestrates a fleet of autonomous mobile robots (AMRs) to perform tasks such as receiving, storing, retrieving, and shipping products.

These robots operate with high precision, achieving task accuracy rates of 99.9999%, and can travel at speeds up to 25 miles per hour. The system enables warehouses to process a virtually limitless number of stock-keeping units (SKUs) within a compact space.

This results in reducing the physical footprint by 30-60% compared to traditional setups.

System Flexibility and Scalability

Symbotic's solutions are modular and scalable, allowing seamless integration into existing facilities and easy expansion for future growth. The system can customize mixed-SKU pallets tailored to each store layout or delivery route.

This flexibility facilitates faster shelf replenishment and more efficient deliveries, optimizing supply chain flow.

Clients and Deployment

The company serves a diverse clientele, including major retailers and wholesalers such as Walmart, Target, Albertsons, and C&S Wholesale Grocers. Symbotic's technology has been deployed in over 1,400 stores across 16 states and 8 Canadian provinces.

These deployments significantly transform the flow of goods and the economics of the supply chain for its customers.

Company Milestones

In June 2022, Symbotic became a publicly traded company through a business combination with SVF Investment Corp. 3, a special-purpose acquisition company sponsored by an affiliate of SoftBank Investment Advisers.

The combined entity began trading on the Nasdaq under the ticker symbol "SYM", marking a significant milestone in the company's growth and expansion.

Innovation and Intellectual Property

Symbotic is committed to continuous development of next-generation robotics and AI technologies. The company holds over 600 patents and continues to invest heavily in research and development.

This commitment addresses the evolving challenges of the supply chain industry and ensures sustained leadership in warehouse automation.

Locations

• Milpitas, CA, USA
• Glendale, AZ, USA
• West Sacramento, CA, USA

With a dedicated team and relentless focus on innovation, Symbotic continues to lead the transformation of warehouse automation. Their solutions drive efficiency, accuracy, and agility in modern supply chain operations.