# Modbot

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/modbot

- Industry: Industrial Machinery
- Headquarters: San Francisco, US
- Website: www.modbot.com
- Total disclosed funding: $4M
- Latest round: Seed (Oct 19, 2016)
- Investors on record: 5

## About

Modbot Inc. delivers innovative robotic solutions tailored for the automation of manufacturing processes, enhancing operational efficiency and precision for various industries.Founded in 2013 by Adam Ellison and Daniel Pizzata, Modbot Inc. specializes in robotics for manufacturing automation. The company is headquartered in San Francisco, US. It raised USD 4.00 mn in a Seed funding round led by Visionnaire Ventures on October 17, 2018, alongside other investors including AME Cloud Ventures, Autodesk, Eclipse Ventures, and Morado Ventures. Modbot has completed a total of 2 deals.Modbot Inc. offers a range of robotic solutions focused on streamlining manufacturing processes, enabling enterprises to enhance productivity. Their products include robotic arms, automation software, and integration systems, designed for diverse sectors such as automotive, electronics, and consumer goods. The company serves clients across North America, Europe, and Asia, aiming to improve efficiency and reduce operational costs.The revenue model for Modbot Inc. is centered around direct sales of their robotic solutions and associated services. Clients typically engage in purchasing contracts that vary based on the scale of implementation and support packages. This structure facilitates recurring revenue from maintenance and upgrades, crucial for sustaining operational capabilities in client manufacturing environments.Modbot Inc. is currently designing advanced robotic systems set to launch in late 2023, aimed at further automating manufacturing lines. The company plans to expand into the European market by mid-2024. Recent funding from the Seed round will be utilized to scale production and enhance R&D efforts, enabling the introduction of innovative solutions that meet the evolving needs of the manufacturing industry.

## Funding rounds

- Seed, Oct 19, 2016, $4M — Morado Ventures, AME Cloud Ventures, Visionnaire Ventures, Autodesk, Eclipse Ventures

## Investors

- Morado Ventures (https://capitalatlas.ai/funds/morado-ventures) — Seed
- AME Cloud Ventures (https://capitalatlas.ai/funds/ame-cloud-ventures) — Seed
- Visionnaire Ventures (https://capitalatlas.ai/funds/visionnaire-ventures) — Seed
- Autodesk (https://capitalatlas.ai/funds/autodesk) — Seed
- Eclipse Ventures (https://capitalatlas.ai/funds/eclipse-ventures) — Seed