Addverb

Updated Mar 24, 2026

How Addverb stacks up in AI Robotics — funding data, key investors, and more.

🇮🇳IndiaSeries CAI Robotics

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Awaira Score

68

Out of 100

🇮🇳

HQ

India

🗓

Founded

2016

💰

Raised

$132M

🏷️

Stage

Series C

👥

Team

500+

About Addverb

Addverb is a warehouse automation and robotics company that designs, manufactures, and deploys mobile robots, automated storage systems, and AI-powered warehouse management software for e-commerce, retail, pharmaceuticals, and manufacturing companies. The company builds its robots domestically in India and offers integrated solutions ranging from autonomous mobile robots for goods-to-person…

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Key Facts

Addverb has raised a total of $132M in disclosed funding across 1 funding rounds.
Addverb was founded in 2016 by Sangeet Kumar and is headquartered in India.
Addverb employs approximately 500+ people.
Addverb operates in the AI Robotics category and is currently at the Series C stage.
Addverb has an Awaira Score of 68/100, ranking it among the tracked AI companies on Awaira.
Addverb's most recent funding round was a Series B of $132M closed in June 2022, led by Reliance Retail.

Source: Awaira · Updated Mar 24, 2026

Valuation

N/A

Post-money

Total Raised

$132M

All rounds

Awaira Score

68/100

Founded

2016

500+ employees

Strengths & Risks

Strengths

✓

Strong Awaira Score of 68/100

✓

Growing team of 500+ employees

✓

Late-stage with proven business model

Considerations

!

Valuation not publicly disclosed

Analysis based on publicly available data. Not investment advice.

⚠️ ESTIMATE

💵Est. Annual Revenue

$20M–$100M estimated ARR

Awaira estimate based on public data. Not financial advice.

How does Addverb stack up against competitors?

Competitor Comparison

Metric	★Addverb	Waymo	Wayve	Figure AI
Awaira Score	68/100	96/100	95/100	95/100
Total Raised	$132M	$27.1B	$2.8B	$1.9B
Valuation	N/A	$126B	$8.6B	$39B
Stage	Series C	Corporate	Series D	Series C
Founded	2016	2009	2017	2022
Employees	500+	3500	100-500	450
Country	🇮🇳	🇺🇸	🇬🇧	🇺🇸

Addverb vs Waymo Addverb vs Wayve Addverb vs Figure AI

Founder

S

Sangeet Kumar

Founder & CEO

View founder profile →

Company Info

StageSeries C

Employees500+

Country🇮🇳 India

Connect

Investors in Addverb

Reliance Retail

Funding Rounds

Inactive

1 round

Series BLatest

Led by Reliance Retail

$132M

Jun 2022

Addverb Latest News

Addverb Reports Strong Growth as AI Industry Accelerates

The Verge·Oct 21, 2024

Addverb Raises New Funding Round to Scale Robot Production

The Verge·Feb 12, 2024

Addverb Robotics Raises $75 Million to Expand AI Warehouse Automation Globally

Reuters·Jan 29, 2024

Open Positions at Addverb

View all jobs →

Perception Engineer

Hardware Design Engineer

Full-timeMumbai

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Frequently Asked Questions

What is Addverb's valuation?▾

Valuation data is currently unavailable. The company may disclose this figure when it announces its next funding round.

Who invested in Addverb?▾

On the cap table: Reliance Retail. Their combined backing has helped fund operations and expansion.

When did Addverb last raise funding?▾

The most recent round was a Series B of $132M, closed in June 2022. The round was led by Reliance Retail.

How many employees does Addverb have?▾

The team is roughly 500+ people, headquartered in India.

What does Addverb do?▾

Addverb is a warehouse automation and robotics company that designs, manufactures, and deploys mobile robots, automated storage systems, and AI-powered warehouse management software for e-commerce, retail, pharmaceuticals, and manufacturing companies. The company builds its robots domestically in India and offers integrated solutions ranging from autonomous mobile robots for goods-to-person picking to fully automated high-density storage and retrieval systems. The company operates in the AI Robotics sector from India.

Who founded Addverb?▾

The company was started by Sangeet Kumar in 2016 in India. Sangeet Kumar serves as Founder & CEO.

Is Addverb profitable?▾

Whether the company is profitable hasn't been confirmed publicly. It has raised $132M in total funding and is classified at the Series C stage.

Where is Addverb headquartered?▾

Home base is India 🇮🇳. The AI Robotics company was founded in 2016 and operates from there.

⚔️

Compare Addverb

See how Addverb stacks up against competitors in valuation, funding, team size, and Awaira Score.

Addverb vs Waymo →Addverb vs Figure AI →Addverb vs Wayve →Addverb vs Mobileye →Addverb vs Boston Dynamics →

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