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Grabit

1246 Reamwood Ave.
Sunnyvale, CA 94089
USA
(408) 642-1830
Website Company Summary Management Team
Management

CEO: Greg Miller (2/28/2016)
Finance: Ron Wilderink (9/30/2015)
Technology: Richard J. Casler ; Robert Roy ; Harsha Prahlad (7/31/2013)
Board

Former advisory board: Grant Allen (SE Ventures General Partner)
Company

Business description: Grabit, manufactures electroadhesion-based material handling solutions for manufacturing, logistics, and service industries. Electroadhesion is an electrically controllable adhesion technology that requires ultra-low power consumption. Grabit’s products include grippers, fixtures, and smart conveyors. These products enable new applications and deliver customer-validated direct and dramatic benefits to the bottom line with unprecedented flexibility, performance and low operating costs. Grabit is an SRI International spin-off company that enables new material handling methods in many applications. Grabbing something and getting it where it needs to go. Sounds like a simple job, right? Not quite. Right now, manufacturers and logistics firms spend 60 to 80 percent of their time on this very task: material handling. It’s expensive, labor intensive, and in many cases, impossible to automate. At least it used to be –– until Grabit harnessed the power of electroadhesion. Electro-what? We channel the same static cling that makes a balloon stick to your hair and use it to automate the handling of virtually any material. Electroadhesion has the finesse to handle something as fragile as an egg, as flimsy as soft fabric and as unwieldy as a 50 lb. box. This unprecedented flexibility empowers entirely new possibilities in automation. Our products are already paying dividends for Fortune 500 companies in industries like footwear, apparel, automotive, aerospace and logistics. And this is only the beginning. Electroadhesion is a revolutionary technology that will unleash the potential of every factory and warehouse on the planet. Whatever you’ve got, we’ll handle it.
Partners include: Shirai Electronics
Capital

Rounds: 3
Recent Fundings: Jun 2017   Sep 2016
Capital raised: 46.0M
Last Round: 25.0M
Ownership: Private  
VCs include: Nike docomoFormation 8 ;  ABB Technology Ventures Danhua Capital;  Flextronics Lab;  Draper NexusDNX Ventures
Corporate investors: Samsung Electronics;  Brother;  Esquel Group

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Overview
Record updated: Jun 2017
Sector: Miscellaneous
Year Founded: 2011
Headcount: 11-25
Rounds: 3
Recent Fundings: Jun 2017   Sep 2016
Capital Raised: 46.0M
Last Round: 25.0M
Ownership: Private