Brain Corp was founded in 2009 by Allen Gruber and Eugene Izhikevich. The company has not publicly endorsed a plan to participate in an IPO. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Brain Corp is an AI robotics company that operates one of the largest commercial fleets of autonomous mobile robots. The robots, powered by Brain Corp's proprietary OS, are able to move inventory, clean floors, and sense environmental data. In 2021, the company announced that its fleet covered 100 billion square feet of commercial space, saving workers a total of 6.8 million hours. Brain Corp has raised $160 million in venture capital funding from investors including SoftBank Vision Fund, Satwik Ventures, Qualcomm Ventures, and ClearBridge Investments. The company was valued at $240 million in 2017, though it has not released any valuation figures following a more recent $36 million funding round.