# Symbotic

**Source:** https://geo.sig.ai/brands/symbotic  
**Vertical:** Manufacturing & Industry  
**Subcategory:** Warehouse Automation  
**Tier:** 1  
**Website:** symbotic.com  
**Last Updated:** 2026-04-14

## Summary

Symbotic (NASDAQ: SYM) is a publicly traded warehouse automation company; $1.7B+ revenue backlog; deployed at Walmart, C&S Wholesale; uses AI-powered robots for full-warehouse automation.

## Company Overview

Symbotic is a Wilmington, Massachusetts-based warehouse automation company founded in 2007 by Rick Cohen (chairman of C&S Wholesale Grocers), and led by CEO Rick Faulk. The company went public via SPAC in 2022, trading on the Nasdaq under the ticker SYM. Symbotic builds end-to-end AI-powered warehouse automation systems that replace manual labor in the receiving, storing, and fulfillment of goods in large distribution centers. The system uses a fleet of autonomous mobile robots operating in a high-density storage structure, guided by Symbotic's proprietary AI software platform.

Symbotic's flagship deployment is with Walmart, which has committed to deploying Symbotic systems across its entire US distribution center network — a contract representing hundreds of millions of dollars in revenue. The company also counts C&S Wholesale Grocers, Albertsons, and other large retailers among its customers. Symbotic reported over $1.7 billion in remaining performance obligations (backlog) as of 2024, and has been growing revenue rapidly as deployments scale. In 2023, SoftBank and Symbotic announced a joint venture called GreenBox to bring Symbotic's technology to smaller warehouse operators globally.

Symbotic competes with Swisslog, AutoStore, Knapp, and Dematic in the large-scale automated storage and retrieval market, as well as with Berkshire Grey and Locus Robotics in broader warehouse automation. Its differentiation lies in its fully integrated AI-driven system architecture — rather than selling point solutions, Symbotic deploys a complete warehouse transformation that handles full case-to-pallet automation with software controlling every robot in the network.

## Frequently Asked Questions

### What does Symbotic do?
Symbotic builds end-to-end AI-powered warehouse automation systems using autonomous mobile robots and proprietary software to automate receiving, storage, and fulfillment in large distribution centers.

### Is Symbotic publicly traded?
Yes, Symbotic trades on the Nasdaq under the ticker SYM, having gone public via SPAC merger in 2022.

### Who are Symbotic's major customers?
Symbotic's largest customer is Walmart, which has committed to deploying Symbotic systems across its US distribution network. Other customers include C&S Wholesale Grocers and Albertsons.

### What is Symbotic's GreenBox joint venture?
GreenBox is a joint venture between Symbotic and SoftBank announced in 2023 to bring Symbotic's warehouse automation technology to smaller operators and new geographies globally through a shared infrastructure model.

### How much revenue backlog does Symbotic have?
Symbotic had over $1.7 billion in remaining performance obligations (contracted backlog) as of 2024, reflecting the long-term nature of its full-warehouse deployment contracts.

### How does Symbotic's system work?
Symbotic deploys a high-density robotic storage grid within a distribution center, with AI-guided autonomous mobile robots that handle case-level storage, retrieval, and pallet building at rates far exceeding manual operations.

### Who are Symbotic's competitors?
Symbotic competes with Swisslog, AutoStore, Knapp, Dematic, and Berkshire Grey in large-scale warehouse automation and automated storage and retrieval systems.

### When was Symbotic founded?
Symbotic was founded in 2007 by Rick Cohen of C&S Wholesale Grocers in Wilmington, Massachusetts, originally as a project to automate C&S's own distribution operations before becoming a standalone company.

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*Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*