SYMBOTIC INC (SYM)

Company Profile

Symbotic, Inc. is an automation technology company, which engages in a robotics and automation-based product movement technology platform. The company is headquartered in Wilmington, Massachusetts and currently employs 1,300 full-time employees. The company went IPO on 2021-03-09. The firm is engaged in developing, commercializing, and deploying end-to-end technology solutions that improve supply chain operations. The company automates the processing of pallets and cases in large warehouses or distribution centers for some of the retail and wholesale companies in the world. The Symbotic platform is based on an approach to connecting producers of goods to end users, in a way that resolves the mismatches of quantity, timing and location that arise between the two, while reducing costs. The company utilizes fully autonomous robots, collectively controlled by its AI-enabled system software, to achieve at scale, real world supply chain improvements. The company serves various industries, including retail grocery, retail general merchandise, food wholesale, footwear and apparel, consumer packaged goods and food and beverage.

Company Info

SYMBOTIC INC

200 Research Drive

Wilmington MASSACHUSETTS

P: 19782842800

Employees: 1300

Website: https://www.symbotic.com/