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GreyOrange Inc. today announced co-founder Akash Gupta as its new chief executive officer. Fellow co-founder and former CEO Samay Kohli will continue to serve the Roswell, Ga.-based company as a member of its board of directors. “From launching our first robotics hardware in 2012 to becoming a global leader in software, robotics, and omnichannel retail management, I could not be…
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GreyOrange, Inc., a global leader in automated robotic fulfillment and inventory optimization software, today announced co-founder Akash Gupta as Chief Executive Officer. Gupta leads GreyOrange’s seasoned senior executive team to advance the company’s mission to be the world’s leading automation solutions platform. Gupta and co-founder Samay Kohli have worked closely together since GreyOrange’s inception over a decade ago, guiding the…
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The stockings were hung by the chimney with care last December at Parts Town’s 200,000-square-foot distribution center in Addison, Ill. OK, that’s a bit of poetic license, but colored Christmas lights were strung overhead along the conveyor system and mezzanines, and snowflakes hung from the ceiling, bringing a little holiday cheer to the DC. “In October, we decorated for Halloween,”…
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Parts Town Addison, Ill. Square Footage: 200,000 square feet plus 50,000 square feet of mezzanine space Products Handled: Critical and spare OEM MRO parts SKUS: 165,000 SKUs in stock, plus access to additional SKUs via partners Throughput: 22,000 lines and 11,000 orders on a typical day People/Shifts: Two 8-hour shifts per day/5 days per week plus one shift on Saturday…
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…spoke with Robotics 24/7 about micro-fulfillment centers, multi-tenant spaces, and robotics. Fulfillment evolves into new spaces What do you think about the prospect of multi-use retail stores that include fulfillment space? Kohli: It's a relatively new concept, and not many of our customers have gone to it yet. But since we're omnichannel and muti-brand, we're ready for it. For instance,…
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“By 2026, over 50% of companies deploying intralogistics robots in the warehouse will have a multiagent orchestration platform,” predicted a recent Gartner Inc. report. Such intelligent middleware can integrate and orchestrate work among business applications, fleets of robots, and other automated agents like doors or elevators within a warehouse or distribution center, added GreyOrange. Founded in 2012, GreyOrange said its…
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Covariant announced yesterday that it has raised $75 million in a recent Series C round. The Berkeley, Calif.-based robotic-picking company told Robotics 24/7 that the funding will be used to help it continue to deploy its systems to materials handling customers. “This is a very tough capital market to raise money, so our ability to raise a substantial amount of…
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Covariant, an AI robotics company, has announced it has raised an additional $75 million in Series C funds, bringing its total funding to $222 million. Returning investors Radical Ventures and Index Ventures co-led the round, which also saw additional funding from returning investors Canada Pension Plan Investment Board and Amplify Partners. The round also welcomed new investors Gates Frontier Holdings,…
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Concordance Healthcare Solutions LLC and Locus Robotics Corp. today announced that Concordance has chosen Locus' autonomous mobile robots, or AMRs, as the primary technology to support its high-volume order fulfillment for the healthcare industry. “Our partnership with Locus Robotics will help bring even greater efficiencies to our warehouses, help control costs, and enhance the productivity of our employees,” stated Keith…
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Cloud Ground Control, developed by Advanced Navigation, has announced the launch of its cellular micro-modem CGConnect. Using 4G/5G networks, CGConnect can link any uncrewed vehicle to Cloud Ground Control’s cloud-based drone fleet management platform, enabling live-streaming, command, and control from a Web browser. Cloud Ground Control is a software-as-a-service (SaaS) platform that supports multi-user and multi-vehicle operations. This makes it…
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CHICAGO—At ProMat 2023 last week, Unbox Robotics Pvt. Ltd. said it plans to expand from India's intralogistics market and offer its automated fulfillment technology to the U.S. market. The Pune, India-based company cited successful deployments of its sortation systems and mobile robots at e-commerce provider Flipkart. “We are excited to present our revolutionary parcel-sorting and order-consolidation robotics tech—UnboxSort—at ProMat 2023…
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Among the trends around ProMat 2023 was an increasing amount of strategic partnerships and consolidation among robotics providers. Berkshire Grey Inc. last week announced that it has entered into a definitive merger agreement with SoftBank Group Corp. and its affiliate. SoftBank has been an investor in Berkshire Grey since 2019. “After a thoughtful review of value-creation opportunities available to Berkshire…
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CHICAGO—Last week’s ProMat was a welcome return to the excitement of the last live edition of the event, back in 2019. In 2021, MHI ran the virtual ProMat DX. First off, this year's materials handling trade show was packed and informative. Registration set a record with 50,924 industry professionals across more than 1,000 exhibitor booths in two large halls. Things…
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Transportation logistics company Gatik earlier this month announced a multi-year commercial collaboration to transport customer orders within Kroger’s Dallas distribution network. Under the collaboration, Gatik’s medium-duty autonomous box trucks will transport fresh, customer-favorite products from a Kroger Customer Fulfillment Center (CFC) in Dallas, Texas, to multiple retail locations. Gatik said its delivers goods safely and efficiently using its fleet of…
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…systems integrator to sell its micro-fulfillment automation technology. Based in Franklin, Tenn. Synergy Design & Integration said it has more than 100 years of combined experience designing and building custom, turnkey material handling systems for industries including retail, e-commerce, health and beauty, parcel, apparel and more. Synergy Design is now a member of Fabric’s Partner Elite Program and will help…
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