Addverb Technologies, the leading Robotics, and Automation company in India, is further expanding its presence across the markets of Europe, Singapore, and Australia. This strategic initiative stems from increased demand for robotics and automation solutions in the global market. The global robotics market was valued at USD 27.73 billion in 2020 and is expected to reach USD 74.1 billion by 2026, registering a CAGR of 17.45%, during the period of 2021-2026.
Established in June 2016, Addverb has seen a meteoric rise and clocked an approximate revenue of around 27 Million USD in FY 2020-21. They inaugurated a state-of-the-art manufacturing facility, “Bot-Valley” which also houses a well-equipped R&D facility at Noida in March 2021. The company has one of the widest Robotic and Automation product portfolios in the whole world and has more than 100 customers including the likes of Reliance, Flipkart, Amazon, Hindustan Unilever, Coca-Cola, PepsiCo, Future Supply Chain, Marico, etc.
Commenting on the global expansion plans, Sangeet Kumar, CEO, Addverb Technology says, “We are glad to announce that we are taking Addverb Technologies global in the international robotics and automation marketplace. With this expansion, we aim to fully exploit the potential across the European, Australian, Asian and American markets, providing an end-to-end product portfolio powered by AI, Machine Learning, Deep Learning, Computer Vision & IoT which will streamline warehousing and factory operations and will help customers create warehouses with higher levels of efficiency, accuracy and flexibility”
