ForwardX Robotics Company Profile: History, Funding, Products and Customers
Updated: Oct 15
ForwardX Robotics makes autonomous mobile robots that navigate by computer vision, for warehouses and factories. It was formally established in 2016 and reports more than 3,000 robots deployed across over 220 commercial projects. This profile sets out its history, funding, products and customers.
ForwardX at a Glance
Fact | Detail |
Company | ForwardX Robotics |
Established | 2016, formally in the United States |
Offices | China, Japan, Korea, Europe, Australia and the United States |
Robots deployed | More than 3,000 |
Projects | More than 220 commercial projects |
Factory | Established in 2022 |
Funding | More than USD 100 million in total |
Stock listing | None found |
Company History
After its establishment in 2016 the company raised angel and Series A money and began developing vision-based robots. It won its first large projects with logistics companies, including DHT and ITOCHU, obtained what it describes as the world's first CE certification for vision-based mobile robots, and formed a partnership with Intel. Work with JD Logistics made ForwardX that company's largest supplier of automation equipment. Later steps were a Japanese subsidiary, a first project in the United States, a partnership with ORBIS, an exclusive distributor in Australia and distribution partnerships in several European countries.
Funding
The company has raised an angel round, Series A, Series B, Series B+, a pre-C round and a Series C, taking total funding above USD 100 million. Its website does not name the investors.
Products
Product | Type |
Flex series | Autonomous mobile robots |
Max series | Autonomous mobile robots |
Lynx series | Autonomous mobile robots |
Apex series | Autonomous mobile robots |
f(x) Fleet Manager | Fleet management software |
The company describes itself as the leading provider of assisted picking solutions in Asia.
Customers
Named customers include BYD, ABB, TCL, Grundfos, Sam's Club, Pentair, TE Connectivity, Coupang, SF, DHL, Luckin Coffee, JD Logistics and ITOCHU.
Can You Invest in ForwardX Robotics?
No public listing was found.
Strengths and Challenges
Strengths
Vision-based navigation that needs no floor markers.
A long list of well-known logistics and manufacturing customers.
Offices on several continents.
Challenges
A crowded market for warehouse mobile robots.
No published financial figures.
ForwardX Robotics FAQ
What does ForwardX Robotics make?
Vision-based autonomous mobile robots and fleet management software.
When was ForwardX Robotics established?
In 2016.
How many robots has ForwardX deployed?
More than 3,000, in over 220 commercial projects.
How much funding has ForwardX raised?
More than USD 100 million in total.
Who are ForwardX's customers?
They include BYD, ABB, TCL, DHL, JD Logistics, Coupang and Sam's Club.
