Grabit, Inc., a Santa Clara, CA-based industrial automation and material handling solutions company, raised a Series A funding of undisclosed amount.
The round was led by Formation 8, with participation from ABB Technology Ventures and NIKE Inc.
The company intends to use the funds to commercialize electroadhesion technology for existing and new customers in multiple material handling applications.
Led by Charlie Duncheon, CEO and co-founder, and Harsha Prahlad, Ph.D., CTO and co-founder, Grabit is an SRI International spin-off company that manufactures electroadhesion-based material handling solutions for manufacturing, logistics, and service industries.
Electroadhesion is an electrically controllable adhesion technology that requires ultra-low power consumption. It was developed and patented within the Robotics Program at SRI International.
The company’s products include grippers and fixtures, case and box handling grippers, and smart conveyors for manufacturing and logistics.
It currently has more than a dozen customers globally, including Fortune 500 companies in industries such as warehouse automation, parcel handling, consumer products, and textiles.
Grabit is hiring.