Addverb Technologies expands global presence of made-in-India robots
13 Sep 2021
2 Min Read
CW Team
India's leading Robotics and Automation company, Addverb technologies, takes made-in-India robots globally and is further expanding its presence across the marketplaces of Europe, Singapore, and Australia due to its raised demand for robotics and automation solutions in the global market.
In 2020, the global robotics market was priced at $27.73 billion and is anticipated to reach $74.1 billion by 2026, registering a compound annual growth rate (CAGR) of 17.45% between 2021 and 2026.
Addverb technologies have witnessed a meteoric increase and clocked an approximate revenue of nearly $27 Million in FY 2020-21. It was established in June 2016. In March 2021. They inaugurated a state-of-the-art manufacturing facility, Bot-Valley which also houses a well-equipped research and development (R&D) facility at Noida. The company has one of the most comprehensive robotic and automation product portfolios globally and has over 100 customers.
Addverb Technology CEO Sangeet Kumar told the media that the company is glad to announce that Addverb Technologies is further expanding its presence in the international robotics and automation marketplace. With this expansion, the company intends to fully exploit the potential across the Australian, European, Asian, and American markets, presenting an end-to-end product portfolio powered by artificial intelligence (AI), machine learning, deep learning, computer vision, and the internet of things (IoT) which will streamline warehousing and factory operations and will assist customers to build warehouses with higher levels of efficiency, accuracy, and flexibility.
Globally, retailers and consumer-facing companies are observing automation, and the complexity of their operations is making the traditional solutions available in the market old. Addverb is looking to fulfill this gap with its customisable hardware and modular software.
In India, the company has used an innovative warehouse robotic solutions host with anchor customers over various sectors. Their products have supported businesses to mount up fast and smoothly run operations mainly at the Covid-19 pandemic time.
Also read: How to use AI in construction 鈥� and how not to use it
India's leading Robotics and Automation company, Addverb technologies, takes made-in-India robots globally and is further expanding its presence across the marketplaces of Europe, Singapore, and Australia due to its raised demand for robotics and automation solutions in the global market.
In 2020, the global robotics market was priced at $27.73 billion and is anticipated to reach $74.1 billion by 2026, registering a compound annual growth rate (CAGR) of 17.45% between 2021 and 2026.
Addverb technologies have witnessed a meteoric increase and clocked an approximate revenue of nearly $27 Million in FY 2020-21. It was established in June 2016. In March 2021. They inaugurated a state-of-the-art manufacturing facility, Bot-Valley which also houses a well-equipped research and development (R&D) facility at Noida. The company has one of the most comprehensive robotic and automation product portfolios globally and has over 100 customers.
Addverb Technology CEO Sangeet Kumar told the media that the company is glad to announce that Addverb Technologies is further expanding its presence in the international robotics and automation marketplace. With this expansion, the company intends to fully exploit the potential across the Australian, European, Asian, and American markets, presenting an end-to-end product portfolio powered by artificial intelligence (AI), machine learning, deep learning, computer vision, and the internet of things (IoT) which will streamline warehousing and factory operations and will assist customers to build warehouses with higher levels of efficiency, accuracy, and flexibility.
Globally, retailers and consumer-facing companies are observing automation, and the complexity of their operations is making the traditional solutions available in the market old. Addverb is looking to fulfill this gap with its customisable hardware and modular software.
In India, the company has used an innovative warehouse robotic solutions host with anchor customers over various sectors. Their products have supported businesses to mount up fast and smoothly run operations mainly at the Covid-19 pandemic time.
Image SourceAlso read: How to use AI in construction 鈥� and how not to use it
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