Found in Robotics News & Content, with a score of 18.99
May 18, 2023
…that it was selling 6 River Systems (6RS) to Ocado. Sources told Robotics 24/7 that Shopify had laid off as much as 85% of 6 River Systems' staff before selling it. Link said that news has probably left some of 6 River Systems' customers wondering what will happen next. He compared the transaction to Amazon purchasing Kiva Systems in 2012 and how much of that technology went in house and was no longer available to customers. “[Customers] are sitting there saying, 'I got my supply chain technology wrapped up in a Shopify/6 River Systems solution, and now this company Ocado…
Found in Robotics News & Content, with a score of 13.09
May 12, 2023
…Inc.'s layoffs and sale of 6 River Systems to Ocado Group PLC. According to industry observers, relatively few mobile robot suppliers are profitable, but most agreed that Locus is one of them. DHL Supply Chain said it plans to deploy Locus Origin robots across its global network of warehouses and distribution centers. The companies claimed that it is one of the industry's biggest AMR deals to date, growing from nearly 4,000 robots since 2021. DHL seeks select robot providers As a major third-party logistics provider (3PL), DHL works with several robotics suppliers, including AutoStore, Boston Dynamics, Crown Equipment, and Vecna…
Found in Robotics News & Content, with a score of 8.01
May 08, 2023
…6 River Systems' staff prior to selling it to Ocado Group PLC, partly in response to falling customer orders, sources told Robotics 24/7. CEO Tobias Lütke also announced that Shopify was laying off 20% of its total staff and that it was selling Shopify Logistics (formerly Deliverr) to Flexport. AMR market allegedly growing Market research firms have been predicting steady growth. The global market for autonomous mobile robots (AMRs) could expand from $2 billion (U.S.) in 2022 to $9 billion by 2032, experiencing a compound annual growth rate (CAGR) of 15%, according to Global Market Insights Inc. Similarly, Research and…
Found in Robotics News & Content, with a score of 8.60
May 05, 2023
…sale of mobile robot maker 6 River Systems to Ocado Group. Shopify also said it was laying off 20% of its staff. At the Cascadia Connect, Robotics, Automation, and AI event this week, a group of investors in the robotics industry discussed the economy and their considerations as part of the “ROI in RAAI: Investor Perspectives” panel. The discussion was moderated by Firdaus Pohowalla, a managing director at Cascadia Capital who helps leads the Seattle-based bank's robotics, automation, and AI division. The panel included investors who provide capital at various stages of the fundraising process: Jeremie Capron, partner and director…
Found in Robotics News & Content, with a score of 50.60
May 04, 2023
Ocado Group PLC today announced that it has agreed to acquire mobile robot provider 6 River Systems LLC from Shopify Inc. The companies did not disclose the financial terms. “We are delighted to welcome new colleagues to the Ocado family,” said James Matthews, CEO of Ocado Technology, in a brief press release. “6 River Systems brings exciting new IP and possibilities to the wider Ocado technology estate, as well as valuable commercial and R&D expertise in non-grocery retail segments.” Hatfield, U.K.-based Ocado Group provides e-commerce order-fulfilment systems to large grocery retailers worldwide. For the past two decades, the company said…
Found in Robotics News & Content, with a score of 11.53
January 30, 2023
Kindred, part of Ocado Group, has released the results of an 18-month beta test of its INDUCT AI-powered robotic induction system. INDUCT automated the induction of more than one million items at 95% accuracy in a fast-paced global logistics center where the beta trial was held. “This was the most intense and demanding real-world scenario we could test in, and INDUCT emerged triumphant,” said Marin Tchakarov, CEO of Kindred. “By succeeding here, we have proven INDUCT can be successfully deployed now in any type of facility that uses induction.” Kindred INDUCT is a high-speed robotic workcell built on Kindred’s proprietary…
Found in Robotics News & Content, with a score of 21.75
January 11, 2023
…the operation of vehicles.” In addition, Oxbotica's collaborators include Ocado Group. The companies are jointly working on autonomous deliveries to fulfill customer orders. A software-defined vehicle from partner Applied EV, driven by Oxbotica, has already operated with no onboard driver on a publicly accessible road in Oxford. The company plans to launch in 2024 autonomous passenger shuttles and industry-specific vehicles in partnership with Applied EV, bp, NEVS, and ZF. Meanwhile, together with Wenco International Mining Systems Ltd., Oxbotica said it is bringing open autonomy to mining to improve safety and sustainability combined with lower operational costs. Applied EV and Ocado…
Found in Robotics News & Content, with a score of 13.97
October 19, 2022
…single player in the robot arm ecosystem, despite Amazon, Ocado, Kindred, and FedEx,” he added. “Consolidation will happen, but Plus One is fortunate. We started with the application rather than the technology. The only metric that matters for us is the number of picks around the world.” “We've had a lot of success with mixed depalletizing, which people don't want to do,” said Nieves. “Companies want to reach boxes at the bottom, not the top at induction.” “We say, 'Robots work, people rule,' because people are more flexible. They can begin decanting and then do packout and then do palletizing,”…
Found in Robotics News & Content, with a score of 28.22
July 29, 2022
…fulfillment center, or CFC, in Dallas. Powered by the Ocado Group, the CFC will use advanced robotics technology. “Kroger's fast-growing seamless ecosystem takes the promise of zero compromise to the next level, with Kroger Delivery bringing the freshest food and quality ingredients to your own doorstep—when you want it, how you want it,” said Bill Bennett, Kroger vice president and head of e-commerce. “Customers can use Kroger.com or the Kroger app to check the weekly circular, select personalized digital coupons, search products by dietary preference, and ultimately place their delivery order, saving time and money,” Bennett added. The company collaborated…
Found in Robotics News & Content, with a score of 11.38
March 25, 2022
…team can develop customized screens for cycle reporting, performance statistics, and parameter configuration. The company is part of the Ocado Group, which is based in the U.K.
Found in Robotics News & Content, with a score of 16.18
January 18, 2022
…learns from petabyte-scale driving data provided by partners including Ocado Group, Asda, and DPD. The company said it will use the new capital to continue to grow its team, develop an SAE Level 4 prototype for electric passenger vehicles and delivery vans, and begin last-mile delivery pilots with partners. Wayve also plans to develop the data infrastructure to improve its core autonomy platform at fleet scale. The company said it is aiming to be the first to deploy autonomy in 100 cities. Microsoft joins funding round Wayve said it has raised more than $258 million in equity to date, and…
Found in Robotics News & Content, with a score of 47.99
October 07, 2021
…announced a £10 million ($13.63 million U.S.) investment from Ocado Group PLC. The companies said they are partnering to accelerate the development of autonomous grocery deliveries in complex urban environments. “Ocado Group has been driving innovation in global grocery logistics for decades,” said Alex Kendall, CEO of Wayve. “Their cutting-edge approach to grocery operations and international reach aligns strongly with Wayve’s culture and global ambitions.” “Globally, there is huge momentum to transform mobility in grocery operations right now,” he said. “We are focused on delivering an autonomous last-mile solution to support the needs of grocery retailers everywhere. Through this partnership…
