Robotics & Automation News

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retailers

Attabotics offering ‘enterprise-level fulfillment sophistication to retailers of all sizes’

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Attabotics, a provider of automation systems for warehouses, has incorporated “AI-orchestrated fulfillment” to its technology line-up.

FulfillAI is a newly developed and field-tested software algorithm that offers a novel approach to automated fulfillment for retailers with in-store and wholesale distribution challenges seeking faster fulfillment.

Automation providers typically tackle the challenge of faster fulfillment by raising machine rates. But since machines are often running near capacity, this doesn’t allow for much improvement. Rather, it puts constraints on the business by maxing out machine capacity and putting greater strain on associated labor, equipment, and resources. [Read more…] about Attabotics offering ‘enterprise-level fulfillment sophistication to retailers of all sizes’

Simbe Robotics unveils new technology to enable retailers to capture and view data faster

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As the majority of retailers embrace in-store technologies that improve business and store team performance, Simbe Robotics, a provider of robotic store intelligence solutions, has launched two new, cutting-edge product capabilities.

The announcement marks one of Simbe’s largest software updates to date and extends the value of its web platform – as the only platform with proven results at scale used by dozens of retailers across three continents globally.

The first solution, Simbe Mobile, is a configurable mobile application that puts Simbe’s Store Intelligence platform in the palm of store teams’ hands, offering prioritized inventory and pricing tasks, near real-time data analytics, planogram compliance and more, on any device.

[Read more…] about Simbe Robotics unveils new technology to enable retailers to capture and view data faster

Personalized Recommendations: Unlocking the Potential of Machine Learning in Retail

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In today’s highly competitive retail landscape, the ability to provide personalized recommendations to customers has become a crucial differentiator for success.

With the rise of e-commerce, customers are inundated with choices, making it increasingly challenging for businesses to capture their attention and drive conversions.

However, advancements in machine learning have opened up new possibilities for retailers to leverage customer data and deliver tailored product recommendations. [Read more…] about Personalized Recommendations: Unlocking the Potential of Machine Learning in Retail

Simbe Robotics raises $28 million in Series B funding

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Simbe Robotics, the company leveraging AI and robotics to elevate the performance of retailers with real-time insights into inventory and operations, has closed a Series B equity financing round of $28 million, led by Eclipse.

As one of the premier venture firms specializing in the digital transformation of essential physical industries that impact daily life, Eclipse brings invaluable knowledge and expertise that will propel Simbe through its next phase of growth.

Their investment marks a vote of confidence in emerging retail and grocery technologies, and will enable Simbe to meet rising global customer demand, enter future product areas, expand its team, and continue delivering value to new and existing partners by optimizing both in-store and e-commerce operations. [Read more…] about Simbe Robotics raises $28 million in Series B funding

Associated Food Stores selects Symbotic to implement warehouse automation system

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Associated Food Stores (AFS), a provider of groceries and other goods and services to independent retailers in nine Intermountain states, and Symbotic, a developer of AI-enabled robotics technology for the supply chain, have entered into a commercial agreement to implement Symbotic’s robotic warehouse automation technology in AFS’ Utah distribution center.

Symbotic says its end-to-end automation system, with robotic case pick capabilities, will allow AFS’ distribution center to “improve a variety of retail-facing experiences”, including overall supply, expanded selection and delivery of products to stores.

David Rice, AFS’ president and CEO, says: “We appreciate the partnership with Symbotic which enables us to cast an exciting vision for future growth and long-term relevance with the shoppers and retailers we serve. [Read more…] about Associated Food Stores selects Symbotic to implement warehouse automation system

Osaro targets fast-growing subscription market with AI-powered kitting robots

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Osaro, a developer of machine-learning-enabled robotics for e-commerce, has launched the Osaro Robotic Kitting System.

This addition to its range of e-commerce robots is equipped with advanced piece-picking skills and end effectors to handle the constantly changing array of product SKUs that must be organized, placed, and packaged into custom kits.

The new system addresses the exploding market for subscription products that require kitting. Kitting is both a merchandising strategy and a logistics technique whereby curated boxes of complementary items are packaged and shipped together as a single “kit” with a unique SKU. [Read more…] about Osaro targets fast-growing subscription market with AI-powered kitting robots

BrainBox AI receives $20 million investment from Québec Government and ABB. Then decides to buy ABB business unit

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BrainBox AI, a developer of autonomous building technology, has raised $20 million to support the continued development of BrainBox AI’s decarbonization technology and its global commercialization efforts.

The company raised the funds from the Government of Québec, the lead investor for 10 million US dollars; and ABB, a returning lead investor and global partner to BrainBox AI.

Sam Ramadori, CEO at BrainBox AI, says: “We are grateful for this significant investment from the Québec Government and ABB. Having their support propels our mission to provide commercial real estate owners and retailers around the globe with a scalable and impactful decarbonization tool. [Read more…] about BrainBox AI receives $20 million investment from Québec Government and ABB. Then decides to buy ABB business unit

ASRS revenue forecast to reach $1 billion in micro-fulfilment centers

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As retailers build micro-fulfilment centers (MFCs) to augment their distribution networks, automated picking solutions provide the speed and space maximization necessary for e-commerce efficiency and profitability.

According to a report by technology intelligence firm ABI Research, Automated Storage & Retrieval System (AS/RS) revenue within MFCs is expected to reach $1.2 billion by 2027, with uptake primarily seen in the grocery and Fast-Moving Consumer Goods (FMCG) industries.

Ryan Wiggin, supply chain management and logistics industry analyst at ABI Research, says: “The need for high-density storage and fast fulfillment capabilities allows technologies to scale down and enable a flexible, bespoke frontline distribution network. [Read more…] about ASRS revenue forecast to reach $1 billion in micro-fulfilment centers

Covariant raises $75 million in Series C funding

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Covariant, an AI robotics company, 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, AIX Ventures, and Northgate Capital. [Read more…] about Covariant raises $75 million in Series C funding

Ottonomy unveils new delivery robot

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Ottonomy has unveiled Yeti, which it describes as “the first fully autonomous unattended delivery robot on the market”.

Ottonomy adds that the robot as ideal for curbside, first mile and last mile deliveries, locker integration and automating the return process for retailers.

Ottonomy is focused on innovating and paving the way for efficient and sustainable delivery logistics. With its global pilots throughout 2022, Ottonomy successfully demonstrated autonomous deliveries across a range of terrain and in varying inclement weather conditions, in order to provide sustainable solutions for automating deliveries for multiple use cases at scale. [Read more…] about Ottonomy unveils new delivery robot