Mitsubishi Electric is reportedly planning to invest almost $20 million into GreyOrange Robotics.
GreyOrange is a startup company developing robotics and automation systems for the logistics industry, particularly warehouse automation systems integrating robots, and has been growing fast, according to a story on EconomicTimes.com.
The investment would lead to a valuation for GreyOrange of an amount between $300 million and $500 million. Continue reading Mitsubishi might invest $20 million in GreyOrange Robotics
Computer technology provider Ingram Micro is to invest $10 million into warehouse automation startup HDS Global, according to a report on the Wall Street Journal.
HDS is said to be developing “swarm” software which enables different robotic systems to work together in warehouses.
Ingram, which claims to be the world’s largest distributor of computer and technology products, handles online orders for large retailers such as Wal-Mart. Continue reading Ingram Micro investing $10 million in warehouse automation startup HDS Global