Exotec
Founded Year
2015Stage
Series D | AliveTotal Raised
$446.7MValuation
$0000Last Raised
$335M | 2 yrs agoRevenue
$0000About Exotec
Exotec offers an order preparation system based on a fleet of collaborative mobile robots. The Exo collaborative robots move the bins in the warehouse, thanks to their no-infrastructure navigation. The Fleet Control supervisor coordinates the motions of robots and bins. It interfaces with the WMS and assigns movement missions to the Exos. Exotec's autonomous industrial robots, called Skypods, aim to move horizontally and vertically and offer a “goods-to-person” picking system that the company says improves productivity and also reduces challenges from physical exertion that human workers face. The company was founded in 2015 and is based in Croix, France.
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ESPs containing Exotec
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The automated storage & retrieval systems (ASRS) market helps businesses optimize their supply chain operations. These systems use automated machines, including cranes, shuttles, conveyors, and robots, to automate the process of storing and retrieving goods, allowing for faster and more efficient order fulfillment. With the rise of e-commerce and changing consumer expectations, businesses are incr…
Exotec named as Highflier among 10 other companies, including Koerber Group, Locus Robotics, and TakeOff Technologies.
Exotec's Products & Differentiators
Skypod robots
The Skypod is a light robot, with a carrying capacity of 30kg. It can move in all directions and reach a height of 12 meters. Autonomous robots are programmed to conduct their inventory sweeps collecting the bins, while the operator stays at the station for final order assembly.
Research containing Exotec
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CB Insights Intelligence Analysts have mentioned Exotec in 13 CB Insights research briefs, most recently on Jan 24, 2023.
Expert Collections containing Exotec
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Exotec is included in 9 Expert Collections, including Supply Chain & Logistics Tech.
Supply Chain & Logistics Tech
5,069 items
Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).
Unicorns- Billion Dollar Startups
1,221 items
Robotics
2,342 items
This collection includes startups developing autonomous ground robots, unmanned aerial vehicles, robotic arms, and underwater drones, among other robotic systems. This collection also includes companies developing operating systems and vision modules for robots.
Grocery Retail Tech
648 items
Startups providing B2B solutions to grocery businesses to improve their store and omni-channel performance. Includes customer analytics platforms, in-store robots, predictive inventory management systems, online enablement for grocers and consumables retailers, and more.
Smart Cities
1,299 items
Smart building tech covers energy management/HVAC tech, occupancy/security tech, connectivity/IoT tech, construction materials, robotics use in buildings, and the metaverse/virtual buildings.
Conference Exhibitors
5,302 items
Exotec Patents
Exotec has filed 12 patents.
The 3 most popular patent topics include:
- Actuators
- Architectural elements
- Automation
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
2/3/2020 | 12/28/2021 | Standard motorcycles, Sport bikes, Actuators, Former motor vehicle assembly plants, Architectural elements | Grant |
Application Date | 2/3/2020 |
|---|---|
Grant Date | 12/28/2021 |
Title | |
Related Topics | Standard motorcycles, Sport bikes, Actuators, Former motor vehicle assembly plants, Architectural elements |
Status | Grant |
Latest Exotec News
Sep 5, 2023
September 5, 2023 Data published by Exotec says that, since the company’s first delivered site in 2017, its warehouse robots have covered a distance of 28,791,005 kilometres (17,889,901 miles) – equivalent to 37 return trips to the moon. The company says its Skypod robots have logged over 5 million kilometres (3.1 million miles) at the longest drive site, with an average of 1.75 million kilometres (1.1 million miles) across Exotec’s 10 busiest sites. To date, Exotec’s Skypod robots have completed almost 230 million cycles globally. The company defines one cycle as the act of a robot retrieving a bin, bringing it to a picking station, and returning the bin to storage. A single cycle can account for as many as four orders. Exotec has been experiencing explosive growth since its founding, reaching the first 100 million cycles in five years and only taking one year to complete the second 100 million. Since delivering its first system to Cdiscount in 2017, Exotec’s Skypod systems around the world have reached a cumulative 425,000 hours of usage time with more than 99 per cent uptime. This is equal to nearly 18,000 days or 50 years spread across 15 countries worldwide. Outside of the European market, the vast majority of Exotec sites are located in the United States and Japan. To date, the largest site the company delivered has over 235,000 storage locations. Renaud Heitz, CTO and co-founder of Exotec, says: “Our rapid growth trajectory clearly reflects the broader trend towards enhancing safety and productivity in warehouse environments. “It’s rewarding to know we’re making a significant difference in the daily working lives of so many people.” Share this:
Exotec Frequently Asked Questions (FAQ)
When was Exotec founded?
Exotec was founded in 2015.
Where is Exotec's headquarters?
Exotec's headquarters is located at 251 rue Jean Monnet, Croix.
What is Exotec's latest funding round?
Exotec's latest funding round is Series D.
How much did Exotec raise?
Exotec raised a total of $446.7M.
Who are the investors of Exotec?
Investors of Exotec include Breega Capital, Iris Capital, Dell Technologies Capital, 83North, Bpifrance and 4 more.
Who are Exotec's competitors?
Competitors of Exotec include Seegrid, Locus Robotics, Attabotics, Geek+, Nomagic and 12 more.
What products does Exotec offer?
Exotec's products include Skypod robots and 4 more.
Who are Exotec's customers?
Customers of Exotec include Decathlon, Uniqlo, GAP, Carrefour and Leclerc.
- Predict emerging trends
- See competitors' playbooks
- Stalk the smart money
- Identify tomorrow's challengers
- Spot growing industries
- Kill analyst data work
Compare Exotec to Competitors
GreyOrange operates a global technology company unifying artificial intelligence (AI)-driven software and mobile robotics. It modernizes order fulfillment and optimizes warehouse operations in real time. It uses advanced fulfillment science to instantaneously evaluate order data and compose the best decisions in real-time to efficiently orchestrate people, processes, and robots. GreyOrange was founded in 2012 and is based in Roswell, Georgia.
Geek+ develops robotics technologies. It applies robotics and artificial intelligence (AI)-based technologies to help in operations for warehouses and supply chain management. The company was founded in 2015 and is based in Chaoyang District, China.
IAM Robotics develops automated manipulation technologies. The company gives robots the ability to see and manipulate everyday objects so they can be put to work in solving huge problems for customers. It was founded in 2012 and is based in Sewickley, Pennsylvania.
inVia Robotics develops automation solutions for e-commerce fulfillment centers. Its system uses autonomous mobile robots to increase inventory accuracy and warehouse productivity. The company was founded in 2015 and is based in Thousand Oaks, California.
Attabotics provides supply-chain automation solutions. The company develops an automated fulfillment system to reduce costs in warehouse environments. The company serves retail, e-commerce, and e-grocery businesses. Attabotics was founded in 2015 and is based in Calgary, Alberta.
Locus Robotics designs and builds autonomous mobile robots that work collaboratively alongside workers in the logistics and fulfillment industries. It develops autonomous mobile robots that operate collaboratively with human workers to improve piece‐handling, case-handling, and pallet-moving productivity. The company was founded in 2014 and is based in Wilmington, Massachusetts.
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