# Theatro Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/theatro-labs

- Industry: Software
- Headquarters: Richardson, US
- Website: www.theatro.com
- Total disclosed funding: $40M
- Latest round: Series C (Dec 12, 2019)
- Investors on record: 3

## About

Theatro Labs, Inc. is a US-based mobile communication platform that enhances operational efficiency for frontline workers in industries such as retail and hospitality through hands-free, voice-activated technology.Founded in 2011 and headquartered in Richardson, US, Theatro Labs, Inc. specializes in a mobile communication platform aimed at improving connectivity for frontline workers. The company has undertaken a total of 8 deals and is currently led by CEO Chris Todd. Theatro successfully raised USD 20.00 mn in its latest funding round, Series C, with Sageview Capital as the lead investor. Overall, the company has raised USD 20.00 mn, achieving a current valuation of USD 156.40 mn.Theatro Labs offers a mobile communication platform that is specifically tailored for frontline workers across various fast-paced industries, including retail, hospitality, and manufacturing. The platform features a hands-free, voice-activated interface that operates through an IoT device, enabling employees to access critical information, complete tasks, and communicate effectively without manual interaction. This technology is primarily utilized in North America, focusing on improving operational workflows and enhancing employee productivity.The revenue model for Theatro Labs is subscription-based, allowing businesses to access their mobile communication platform to improve operational workflows and employee productivity. Clients, which include retail and hospitality establishments, typically enter into partnership agreements to integrate Theatro's solutions into their existing systems. Pricing plans are generally tiered, based on user numbers and required features, driving recurring revenue through ongoing subscriptions and potential upsells for additional services.In January 2025, Motorola Solutions, Inc. plans to acquire Theatro Labs, Inc. This acquisition will enable Motorola to invest in innovative technologies that enhance employee safety and operational efficiency. Theatro is positioned to expand its product offerings and geographic reach, specifically targeting new markets for its mobile communication solutions as part of its growth strategy.

## Funding rounds

- Series C, Dec 12, 2019, $20M — Sageview Capital
- Series B, Oct 1, 2017, $15M — CPMG
- Series A, Aug 26, 2014, $5M — Khosla Ventures

## Investors

- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series A
- CPMG (https://capitalatlas.ai/funds/cpmg) — Series B
- Sageview Capital (https://capitalatlas.ai/funds/sageview-capital) — Series C