NodeX was Attabotics’ & rsquo; ergonomic selecting station for its automated storage and retrieval system.
Source: AttaboticsAttabotics Inc.
last week reportedly laid off the majority of its approximately 200 workers and submitted a notice of intent for insolvency defense.
The Calgary, Alberta-based business had established hardware and software for automated storage and retrieval systems, or ASRS.Inspired by ants, Attabotics had actually declared that its ASRS might increase space usage and warehouse effectiveness.
Established in 2016, the company had actually raised a total of more than $194 million (U.S.), according to Crunchbase.It had actually raised $25 million in Series B financing in 2019, $50 million in Series C financing in 2020, and $71.7 million more in Series C funding in 2022 but was unable to finish a Series D round.In March 2025, Attabotics announced its FulfillAI software application, which used expert system to orchestrate fulfillment, especially for smaller sized operations.
It declared that its 3D system was more effective than competing ASRS.“& ldquo; We & rsquo; re educating the marketplace that it can be utilized for more than bin retrieval —-- there’& rsquo; s induction, sequencing,” and sorting, & rdquo; Scott Gravelle, founder and CEO of Attabotics, told The Robot Report at ProMat 2025.
“& ldquo; Over the previous two years, we recognized that clients wear’& rsquo; t have a single rate of lines per hour; they needed to get stuff done by shipping time.”“& rdquo; & ldquo; It was an information science issue, and we reduced the number of robots in our system by 60%,” & rdquo; he said at “the time.
& ldquo; Instead of constructing to the device, our AI has enhanced uptime and increased fulfillment to 1,200 units per hour.”& rdquo; Automated storage provider had capital problemsWhile Attabotics’ & rsquo; annual profits was over $50 million in 2015, it also had a net loss of almost $50 million CAD ($36 million U.S.) in 2024.
The business laid off part of its personnel then and blamed the loss on rate of interest, slower customer costs, and delayed projects.For circumstances, its consumers included Nordstrom Inc., which shut down in 2023.
On the other hand, U.K.-based grocery chain Tesco had just recently gone with Attabotics’ & rsquo; systems.In April 2025, Attabotics asked Export Development Canada (EDC), its biggest creditor, for a $20 million bridge loan.
The business expected to generate $37 million in earnings in 2025 and $100 million in 2026, Gravelle told supply chain professional Brittain Ladd.However, EDC stated last month that the Ontario Teacher’& rsquo; s Fund would not invest further in the business.
Most of the staying staff members received notification of termination on June 29, composed the Calgary Herald.Save now with early bird discountAttabotics was involved in lawsuitsOn social networks, some former staffers and market observers noted that Attabotics had actually failed to diversify its consumer base and spent excessive cash on its headquarters, in addition to that its management was not open to change.The company was likewise associated with popular legal conflicts.
In 2021, Attabotics filed a patent-infringement claim against Urbx, which was settled in 2023.
Likewise in 2023, Attabotics sued client Canadian Tire over a warehouse fire at a distribution center in Brampton, Ontario.
It cost Canadian Tire $67.7 million in first-quarter income, plus $20 million more in supply chain disruptions, stated BetaKit.
The companies settled in 2024.
Attabotics’ & rsquo; personal bankruptcy filings said it has $32 million in possessions, consisting of 160 patents, and liabilities of $73.5 million.
EDC has not yet shared its prepare for those assets.The Robot Report has connected to Gravelle for more comment.The post Attabotics lays off personnel as robotic storage company declare insolvency appeared first on The Robot Report.