Found in Robotics News & Content, with a score of 3.98
…million from Reliance Retail Ventures Ltd. and partnered with Amazon Web Services to improve data security and reliability, has its U.S. offices in Irvine, Calif. Robotics 24/7 spoke with Sangeet Kumar, co-founder and CEO of Addverb, about the collaboration with Purdue and his vision for the future of manufacturing. How did this partnership come about? Sangeet Kumar, CEO, Addverb Technologies Kumar: Purdue University was looking for some flexible solutions as it was setting up a smart lab for undergraduate students. It had also collaborated with Microsoft and other companies. The university wanted to teach students about smart manufacturing through practical…
Found in Robotics News & Content, with a score of 12.72
Addverb today announced that it has partnered with Amazon Web Services to improve the efficiency of its warehouse automation solutions. The partnership with AWS will allow Addverb to leverage the cloud platform's machine learning, analytics, and Internet of Things, or IoT, connectivity capabilities to enhance the capabilities of its robotic solutions. Founded in 2016, Addverb offers AI-enabled fixed & flexible automation solutions. The company said its AI- driven solutions and software are designed specifically to serve the global e-ecommerce, warehouse distribution and manufacturing industries. Addverb is a global technology company with headquarters in North America, India, Netherlands, and Singapore. AWS…
Found in Robotics News & Content, with a score of 13.71
…countries. Junglekeepers turns to technology The destruction of the Amazon rainforest through human activities such as logging and burning to clear land for agriculture are contributing to the devastating effects of climate change, said Junglekeepers. More than 870,000 km² (335,908 sq. mi.) of the Amazon rainforest have been cleared since 1985, an area larger than France, the U.K., and Belgium combined, estimated the Science Panel for the Amazon. With tens of billions of trees already being gone, the region is warming fast. “The Amazon is in danger,” said Dennis del Castillo Torres, director of forest management research at the Peruvian…
Found in Robotics News & Content, with a score of 10.00
Amazon's purchase of Kiva Systems in 2012 has had a ripple effect on the entire robotics industry. In the wake of the purchase, numerous robotics companies emerged, and interest and investment in warehouse robotics began to grow. Quiet Logistics, which had been a customer of Kiva's, decided to start making its own autonomous mobile robots (AMRs) and would go on to found Locus Robotics in 2014. A number of former Kiva Systems employees banded together to start 6 River Systems in 2015. Other AMR makers that were founded around that time include Geek+, Fetch Robotics, and IAM Robotics. But how…
Found in Robotics News & Content, with a score of 4.76
…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 owns it,'” he said. “'What are they going to do it. I don't know, and do I want to be held captive to it?'” In response to the sale of 6 River Systems, IAM Robotics has gotten some increased customer interest, Link said. The company…
Found in Robotics News & Content, with a score of 4.42
…has innovation experience from startups and companies such as Amazon, HP, IBM, Microsoft, and Samsung. It claimed that its growing list of customers and investors represents a wide variety of industries across Canada, the U.S., and other countries. Last spring, the company announced the completion of its Series A funding round. In November, the company received a C$30 million ($22.2 million U.S.) Strategic Innovation Fund (SIF) contribution from the government of Canada, bringing its total funding to over C$100 million ($74.2 million U.S.). Sanctuary AI said it is actively raising its next funding round. To fulfill the ambitious mission of…
Found in Robotics News & Content, with a score of 5.55
…add more bots! Locus Robotics pursues strategic partnerships After Amazon.com Inc. took Kiva Systems off the market in 2012, Locus Robotics spun out of Quiet Logistics in 2014. In November 2022, Locus raised $117 million in Series F funding, bringing its valuation to close to $2 billion. The Wilmington, Mass.-based company reported that its systems, which collaborate with human warehouse associates, completed more than 230 million cart picks during last year's holiday peak. While it has stayed independent, Locus has recently also partnered with several companies on automation deployments, including Berkshire Grey, Design Future Japan, FANUC, Körber Supply Chain, and…
Found in Robotics News & Content, with a score of 3.40
…very few of them are currently profitable. Consolidation continues Amazon.com purchased Kiva Systems for $775 million in 2012, reserving its platforms for internal use only and helping to create the category by showing the “art of the possible” and forcing retailers to look for alternatives. Shopify's acquisition of 6 River Systems (6RS) for $450 million in 2019 was one of the largest transactions to date in this space. More recently, there were several mobile robot mergers and acquisitions (M&A) in 2021. Transactions included Zebra Technologies buying Fetch Robotics for $290 million, ABB Group acquiring ASTI Mobile Robotics Group for $190…
Found in Robotics News & Content, with a score of 3.65
…chain space,” Saad said, referring to what is now Amazon Robotics. “6 River Systems was started by folks who were ex-Kiva, so again, they were coming the logistics space. Locus Robotics was started by Quiet Logistics.” ROI potential needs to be clear and customer feedback strong Neel Mehta Mehta said G2 Venture Partners focuses on companies that are in a growth stage—think Series B+ funding rounds—and have demonstrated a strong return on investment (ROI) for their customers. “A lot of our diligence as we get up to speed on companies, a lot of that comes from customer signaling,” he said.…
Found in Robotics News & Content, with a score of 5.64
…and retail industries. Denali said its recent collaboration with Amazon Web Services (AWS) will give customers the option of combining collaborative robots with machine learning, using data and analytics to drive decision making. Denali provides IT and automation integration for large enterprises. Source: Denali Partners expect to deliver strong ROI “This partnership combines industry-leading technology with industry-leading services,” said Justin Long, vice president of global automation at Denali. “The combination of Denali, an experienced IT/OT [information/operational technology] partner, with Universal Robots, the leader in collaborative robots, allows us to bring the best automation designs to our customers while driving a…
Found in Robotics News & Content, with a score of 5.26
…of today into hubs of high-tech innovation. In 2021, Amazon had around 350,000 automated mobile drive units in its warehouses. Over the coming years, most warehouses will have high levels of automation. It is already a significant market, representing over $10 billion in annual global spending, bound to grow to $51 billion by 2030, according to Acumen Research & Consulting. The message is clear: Don't get left behind, so use automation to improve your warehouse operations. Warehouse managers increasingly rely on automation to respond to the growing demand for prompt and precise order fulfillment. They commonly emply three types of…
Found in Robotics News & Content, with a score of 5.50
…U.S. Germany, and the United Arab Emirates. Addverb counted among its more than 100 current customers Coca-Cola, PepsiCo, DHL, Amazon, Colgate Palmolive, Reliance, Unilever, Flipkart, Johnson & Johnson, and PAR Pharmaceutical.