Neato Robotics
Latest round
- Series E
Last raised
- Aug 2013
Total raised
- $54M
Investors
- 2
About Neato Robotics
Neato Robotics, Inc.Neato Robotics, Inc. was founded in 2005 in Newark, US, as a company dedicated to robotic cleaning solutions. In September 2017, the company was acquired by Vorwerk & Co. KG for an undisclosed amount. The CEO is Thomas Nedder.The company specializes in the development and manufacturing of robotic vacuum cleaners, with a focus on their flagship product, the Neato Robo. These devices leverage advanced navigation technology to efficiently clean various types of floor surfaces while offering features such as Wi-Fi connectivity and integration with mobile applications like MyNeato. The primary end users include residential households seeking automated cleaning solutions and small businesses that require effective maintenance of their spaces.Neato Robotics' revenue model is primarily structured around direct-to-consumer sales of its robotic vacuum cleaners, complemented by ancillary services provided through its mobile application. Customers purchase the devices outright, with optional subscriptions for extended warranties or premium app features that enhance the user experience. The pricing structure reflects a range of models to cater to varying consumer needs and budgets, with flagship products commanding higher price points due to their advanced capabilities. The company aims to expand into new markets, specifically targeting regions in Asia and South America by 2019. The recent acquisition by Vorwerk provides strategic resources for these initiatives, further enhancing their capabilities in product development and market penetration.
Who invested in Neato Robotics
2 investors across 4 rounds
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Questions about Neato Robotics
Who invested in Neato Robotics?
Neato Robotics has 2 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Neato Robotics raised?
Neato Robotics has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Neato Robotics last raise money?
Neato Robotics's most recent round on record is a Series E, in Aug 2013.
What does Neato Robotics do?
Neato Robotics is a consumer products company.
Where is Neato Robotics headquartered?
Neato Robotics is headquartered in Newark, US.
Which VCs invest in companies like Neato Robotics?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back consumer products companies at Neato Robotics's stage. Their profiles are linked below.
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