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Logistics Robots Meet E-Commerce Demands

Logistics Robots Meet E-Commerce Demands
May 3, 2021

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The pandemic has driven e-commerce companies to automate their warehouses to meet the increasing demands of online shoppers. Before the pandemic, however, many tried to catch up to the advances of Amazon and Chinese competitors like Alibaba. Walmart, Shopify, Kroger, and Target are just a handful of names that have leveraged warehouse robots to revamp their warehouses for automated fulfillment. Startups are taking advantage of this shift in automation and here are some leaders.

  • Boston Dynamics has had its list of A-list owners (Google, Softbank, and most recently Hyundai) as well as publicity stunts with its task-performing dog robots. Its latest shift in business tactics focuses on warehouse automation, as demonstrated by its new robot “Stretch” that can load and unload boxes onto trucks, conveyor belts, and shelves.
  • Berkshire Grey develops robotic picking technology as well as AI systems and cloud software for warehouses and distribution centers. In February, the company announced intentions to go public via SPAC with Revolution Acceleration Acquisition Corp.
  • Haddington Dynamics and Kindred Systems are both US-based startups, recently acquired by the UK’s version of Instacart, Ocado Group. Ocado Solutions, a unit within Ocado Group, is specifically developing technology for sorting huge volumes of groceries. Haddington Dynamics specializes in robotic arms development, while Kindred Systems develops picking and packing robots.
  • 6 River Systems has developed a trolley robot system called “Chuck” that helps workers move and stack items on the warehouse floor. The company was acquired in 2019 by Shopify to compete against Amazon.
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Since last week, PrivCo has added:
644 Companies | 207 Funding Activities | 77 M&A Deals

Funding & Deal Highlights:

Paxos raises $300MM led by Oak HC/FT Partners
Cryptocurrency Software & Internet Services • Round D • New York, NY

Forge Biologics raises $120MM led by RA Capital Management
Pharmaceuticals • Round B • Columbus, OH

Vectra AI raises $130MM led by The Blackstone Group
Pharmaceuticals • Equity • San Jose, CA

Wasabi Technologies raises $112MM led by Fidelity Management & Research Company
Cloud Storage Software & Internet Services • Round C • Boston, MA

Modern Meadow raises $130MM
Biotechnology • Round C • Nutley, NJ

Crusoe Energy Systems raise $128MM led by Valor Equity Partners
Oil & Gas Equipment & Services • Round B • Denver, CO

CareRev raises $50MM led by Transformation Capital
Health Care Software & Internet Services • Round A • Los Angeles, CA

Calmerry raises $5MM led by Digital Future
Digital Health Software & Internet Services • Seed • Newark, DE

Vivrelle raises $26MM led by Origin Ventures
E-commerce Software & Internet Services • Round A • New York, NY

Vector Remote Care raises $12.5MM led by Updata Partners
Digital Health Software & Internet Services • Round A • Bend, OR

Mighty Networks raises $50MM led by Owl Ventures
Networking Software & Internet Services • Round B • Palo Alto, CA

InterWell Health raises $46MM
Health Care Services • Round B • Waltham, MA

Prescient Devices raises $2MM led by Z5 Capital
Cloud Software & Internet Services • Seed • Concord, MA

Glytec raises $21MM led by Savitr Capital
Health Care Software & Internet Services • Debt & Equity • Waltham, MA

Edifice Health raises $12MM led by Leaps by Bayer
Digital Health Software & Internet Services • Round A • San Mateo, CA

Atmosphere raises $25MM led by Valor Equity Partners L.P.
Entertainment • Round B • Austin, TX

Compass Group acquires Eat Club 
Catering Business Support Services • Acquisition • Sunnyvale, CA

Electronic Arts acquires Glu Mobile for $2.1BN
Video Games Software & Internet Services • Acquisition • San Francisco, CA

IBM acquires Turbonomic for $1.75BN
Automation Software & Internet Services • Acquisition • Boston, MA

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