Walmart and Symbotic announced a deal Tuesday that would find the Massachusetts robotics firm taking control of the mega-retailer’s automation business. Symbotic is paying $200 million in cash ...

The retailer accounted for approximately 87% of Symbotic's total revenue of $1.82 billion in the fiscal year ended in September last year. Shares of Symbotic Inc. jumped on Thursday after the ...

Basically, Symbotic's platform automates sorting and moving goods in warehouses, helping companies save money on labor. On the surface, this looks great and should be a highly scalable business ...

Agreement could add more than $5 billion to Symbotic’s future backlog. WILMINGTON, Mass., Jan. 16, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics ...

Symbotic acquires Walmart's Advanced Systems and Robotics for $200M, with up to $350M in contingent payments. The deal expands Symbotic’s market by $300B through automation of Walmart's Pickup ...

AI tech company Symbotic has agreed to acquire Walmart’s Advanced Systems and Robotics division for $200m in cash. Symbotic will construct and implement an advanced solution powered by its AI ...