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Refraction AI

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Building and deploying robotic platforms for providing safe and scalable last mile goods delivery in urban areas

Austin, United StatesFounded 2017Transportation
Valuation $25–50M Last recorded · 2021
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Refraction AI

Refraction AI, an autonomous logistics firm, was established in 2017 by Matthew Johnson-Roberson and Ram Vasudevan, both professors at the University of Michigan with deep backgrounds in robotics and autonomous systems. Johnson-Roberson has been involved in robotics since the first DARPA Grand Challenge and specializes in computer vision and artificial intelligence for autonomous vehicles. Vasudevan is an associate professor in Mechanical Engineering and Robotics at the University of Michigan, focusing on optimization and control of autonomous systems. Their combined academic and research experience in real-world robotics applications formed the foundation of the company.

The company operates on a Robot-as-a-Service (RaaS) and Delivery-as-a-Service (DaaS) model, targeting the last-mile delivery market for restaurants, grocery stores, and retail businesses. Its primary product is the REV-1, a lightweight, three-wheeled autonomous delivery robot. The REV-1 is designed to be cost-effective, a goal achieved by using 12 cameras and other low-cost sensors for navigation instead of expensive LiDAR systems. This design allows the robot to operate in various weather conditions, including rain and snow, a key consideration tested during its development in Michigan. The vehicle is sized to travel in bike lanes and on the roadway, avoiding sidewalk congestion, and can move at speeds up to 24 km/h.

Refraction AI's business strategy focuses on making last-mile delivery profitable and sustainable, claiming its method reduces carbon emissions by 90% and energy consumption by 80% compared to conventional delivery. Customers of client businesses receive a unique pin code via text to access their orders from the robot's 16-cubic-foot cargo compartment upon its arrival. The company began pilot programs in Ann Arbor, Michigan, in 2019, later expanding to Austin, Texas. A significant milestone was a partnership with Chick-fil-A to test autonomous delivery at several of its restaurants. The company secured $4.2 million in a seed funding round in March 2021 to fuel expansion and product development.

Source: Dealroom company data

At a glance

Founded
2017
Headquarters
Austin, United States
Sector
Transportation

Investors

7 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed6 investors entered at this stage

  • ELab Ventures
  • Trucks Venture Capital
  • Chad Laurans
  • Osage Venture Partners
  • Invest Michigan
  • Alumni Ventures

Series A1 investor entered at this stage

  • Pillar VC
Team profiled 6 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇺🇸 United States80%
🇵🇹 Portugal20%
2 countries shown

Market sentiment

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