Addverb Technologies noted that expansion is backed by the increased demand for Robots and automation solutions in the global market
Addverb Technologies, a robotics and automation company in India, is further expanding its presence across the markets of Europe, Singapore, and Australia. This strategic initiative stems from increased demand for robotics and automation solutions in the global market. The Global Robotics Market was valued at USD 27.73 billion in 2020 and is expected to reach USD 74.1 billion by 2026, registering a CAGR of 17.45 per cent, during the period of 2021-2026.
“We are glad to announce that we are taking Addverb Technologies global in the international robotics and automation marketplace. With this expansion, we aim to fully exploit the potential across the European, Australian, Asian and American markets, providing an end-to-end product portfolio powered by AI, Machine Learning, Deep Learning, Computer Vision & IoT which will streamline warehousing and factory operations and will help customers create warehouses with higher levels of efficiency, accuracy and flexibility,” noted Sangeet Kumar, CEO, Addverb Technology.
The company noted that it has created a very powerful software platform, “Mobinity”, a warehouse control system that helps in integrating different automation products in a single warehouse. With the state of the art manufacturing facility, they have the capability to deliver more than 50,000 robots of different types in a year.
“We have already deployed some very innovative solutions for customers in India and have solved their pain points in warehousing operations with a mix of robust & customizable hardware and agile & intelligent software. We understand that any automation solution requires extensive handholding of the customer in the initial stages and we have built that human touch in our processes to ensure the deployment is successful. We will create a global service team which will remain with the customer long after our solutions have been deployed.,” Kumar adds.
Established in June 2016, Addverb has seen a meteoric rise and clocked an approximate revenue of around 27 Million USD in FY 2020-21. They inaugurated a state of the art manufacturing facility, “Bot-Valley” which also houses a well-equipped R&D facility at Noida in March 2021. The company has one of the widest Robotic and Automation product portfolio in the whole world and has more than 100 customers including the likes of Reliance, Flipkart, Amazon, Hindustan Unilever, Coca-Cola, PepsiCo, Future Supply Chain, Marico etc.