Found in News & Content, with a score of 0.99
…technology companies. They include AutoStore, Berkshire Gray, JD Logistics, and Uber. The business combination was approved at a special meeting of SVFC shareholders held on June 3. As a result of the transaction, the combined company received additional growth capital to supplement its existing $363 million of combined cash on the balance sheet as of March 26 and proceeds from a May 20 warrant exercise. “We are thrilled to complete our business combination with Symbotic,” said Yanni Pipilis, chairman and…
Found in Companies & Businesses, with a score of 31.75
JD Logistics has same- and next-day delivery available for almost any product to almost anywhere in China. They are at the forefront of robotics and automation, being the first company in the world to make commercial deliveries by drone, and have developed unmanned delivery vehicles, warehouses and stores. And with their platform generating an astounding 31 petabytes of data every day, they are building powerful AI and machine learning tools. They have global R&D effort headquartered in Silicon Valley—the R&D…
Found in News & Content, with a score of 0.53
…ecosystem, including Amazon Web Services, Hyundai Robotics, JD.com, Komatsu, and Meituan. “We are extending the powerful Microsoft Azure platform to the intelligent edge,” said Roanne Sones, corporate vice president for Microsoft Azure Edge + Platforms. “Combining Azure’s advanced capabilities with performance and software development tools such as NVIDIA Jetson AGX Orin helps give developers a seamless experience to easily build, deploy, and operate production-ready AI applications.” Jahmy Hindman, chief technology officer at John Deere, noted: “With the global population expected…
Found in News & Content, with a score of 1.63
…raw materials for production. Leading manufacturers and logistics providers have successfully deployed ForwardX's AMRs, including JD Logistics, SF DHL Supply Chain China, TCL Electronics, ITOCHU Logistics China, and Dongfeng Motor Corp. The company also stated that it was a core provider for the world’s first 5G-enabled AMR deployment after its award-winning project with TCL Electronics. Source: ForwardX Robotics Investors expect growth in robotics, 5G Taikang Life Insurance led ForwardX's initial Series C round, with contributions from Qualcomm Ventures and Starlight…
Found in News & Content, with a score of 0.54
…as Aurora, AutoStore, Berkshire Gray, DiDi, DoorDash, JD Logistics, Uber, and WeWork. More transaction details The minimum cash of the transaction is fully covered by the $405 million of committed equity capital that Symbotic and SVFC have raised, reducing potential transaction uncertainty. Symbotic also expects to receive an additional $174 million in cash from Walmart by the end of December to be used for general corporate purposes as a result of Walmart gross exercising warrants it holds in the Company.…
Found in News & Content, with a score of 1.75
…2021, reported Digital Commerce 360. Retailers and logistics companies are under pressure to improve throughput while maintaining worker safety. Developers have responded to this need with new robots and software. Processing orders optimally Researchers at the Viterbi School of Engineering at the University of Southern California recently collaborated with Shanghai University of Finance and Engineering. They studied online shopping experiences and created a system that would enable JD.com to optimize robots within warehouses as they scurry about processing orders. The…
Found in News & Content, with a score of 1.28
…of customer growth as the company capitalizes on the vast supply chain and rapidly growing logistics market.” Founded in 2001, Tiger Global is based in New York, with offices in Hong Kong, Singapore, Bangalore, and Melbourne. Since 2003, the firm’s private equity business has invested in technology companies including Locus Robotics, Facebook, LinkedIn, JD.com, Spotify, Peloton, Instacart, DoorDash, and Waymo.
Found in News & Content, with a score of 0.93
…that its technology can help retailers, third-party logistics providers (3PLs), and specialty warehouses efficiently meet or exceed the increasingly complex demands of fulfillment environments. In addition, the company said its robots can easily integrate into existing warehouse infrastructures without disrupting workflows. This year, Locus Robotics marked a half-billion units picked and made the list of Inc. 500, ranking No. 428. “We've almost doubled in size in the past year,” said Kary Zate, senior director of marketing communications at Locus. “Our…
Found in News & Content, with a score of 1.72
…an analyst for supply chain management and logistics at ABI Research. “These robots, made up of autonomous guided vehicles (AGVs) and autonomous mobile robots (AMRs), are being used to move goods within the warehouse and being integrated within wider automated or manual workflows.” Worldwide commercial robot revenue in warehouses will have a compound annual growth rate (CAGR) of over 23% from 2021 to 2030 and will exceed $51 billion (U.S.) by 2030, said the research firm last week. Warehouse robots…
Found in News & Content, with a score of 2.90
…autonomous freight service network and transforming 'sweat logistics' into 'smart logistics' in the near future.” Founded in 2018, Inceptio has focused on SAE Level 3 and 4 self-driving technologies. It said it is working with automakers and logistics providers on a “new generation of TaaS (transportation as a service) that is a safer, more efficient, and more cost-effective freight network.” Xuanyuan gets ready for mass production Since 2019, Inceptio Technology said it has jointly developed autonomous, heavy-duty trucks with China's…
Found in News & Content, with a score of 1.56
…supply chain.Digital Transformation Solution Provider Award – JD.com End User Award – GE Appliances JD Logistics, an independent business group under the JD.com umbrella, created its open platform for digital supply chain. The idea is to provide companies of all sizes to run a digital supply chain even without internal resources. This comprehensive and integrated supply chain service spans from procurement to physical distribution leveraging intelligent planning, production and supply chain across digital technologies including 5G. Digital transformation at GE…
Found in News & Content, with a score of 3.36
…have started implementing technological changes in crucial logistics functions across various internal processes covering supply chain planning, procurement, sales & operational planning and customer services. For example, under its “Strategy 2025,” Deutsche Post DHL Group will be spending around EUR 2 billion on digitization until 2025 and the digitization investment is expected to lead to yearly benefits of at least EUR 1.5 billion by 2025. Major drivers of a digital supply chain include demand for greater visibility and transparency in…
