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Tuesday, November 21, 2017

Forward on Automated Warehouses

Automated warehouses are not new, but their use has expanded and improved as part of broader fulfillment process.

Robot Makers Fill Their War Chests in Fight Against Amazon

Locus Robotics is raising serious cash in its bid to automate warehouses, bringing industry investment to $70 million this year.     By Kim Bhasin  and Patrick Clark  in Bloomberg

A few years ago, Amazon.com Inc. triggered a robot arms race when it purchased a company called Kiva Systems, maker of automated warehouse robots. Now its would-be rivals are landing bigger and bigger cash injections to try to compete with the e-commerce giant.

Locus Robotics, a spinoff of a warehouse company that decided to build its own robots after the Amazon deal in 2012, raised another $25 million in venture capital, bringing its total funding to more than $33 million, the company announced last week. 

The new cash for Locus followed a $15 million injection in July for 6 River Systems Inc., a robotics company founded by ex-Kiva executives. In March, China warehouse robotics startup Geek+, which boasts Alibaba as a client, raised $22 million. Competitor RightHand added $8 million in venture funding this year as well.  .... "

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