Berkshire Grey
RoboticsUSA
New to Unitard
π€ Acquired
PeakΒ $2.7 BillionToday
~-86.1%
from peak
- π¦Became a unicorn2021
- πPeak valuation$2.7 Billion β21
- πBecame a Unitard~2022
- πΈLast valuation~$375M
Current status
Taken private by SoftBank for $375M (2023)
The rise & fall
6 moments Β· 2013β2023The key moments, with employee sentiment along the way.
2013
2013
Founded by an iRobot alum
Tom Wagner sets out to automate the warehouse picking that human hands still ruled.
Wikipedia
2021
2021
SPAC debut at $2.7B β unicorn and peak at once$2.7B
Merges with Revolution Acceleration Acquisition Corp just as the warehouse-automation story crests.
SEC filing
2022
2022
Growth disappoints; the stock sinks under $1B
Orders come slower than the SPAC story promised, and the shares slide well out of unicorn territory.
Macrotrends
2021β23
From the inside Β· Glassdoor reviews, 2021β23
Glassdoor reviews from the public-market years described quiet layoff rounds that staff said arrived without explanation, and insiders argued leadership lacked the background a robotics and capital-equipment business demanded.
2023
2023
Taken private by SoftBank for $375M$375M
Its biggest backer buys the whole company for about a seventh of the SPAC-era peak, ending its run as a public unicorn.
GlobeNewswire
π¬ entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor β; dated facts carry their source.
How it happened
Berkshire Grey was a US warehouse-robotics and automation company valued around $2.7B after a 2021 SPAC merger. Its stock fell well below $1B as growth disappointed, and in 2023 SoftBank took it private at $375M β a fraction of the peak.
Source: GlobeNewswire; SoftBank take-private $375M, 2023
