SoftBank and others pour $263 million into warehouse robotics startup Berkshire Grey

January 24, 2020
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The startup combines artificial intelligence, machine vision, gripping, and robotics into a full solution capable of picking, packing, and sorting individual items in warehouses. The new investment will be used to fuel international expansion and acquisitions. With an investment round about 10× higher than comparable startups' recent rounds, the company will have a good cash position to consolidate more cash-strapped robotics startups under its wing. This can be an effective approach for robotics startups in the warehouse space. OnRobot had a similar strategy, merging and acquiring multiple smaller robotic gripper startups, leading to a well-rounded product line of innovative grippers that can suit almost any application.

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Further Reading

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