- Amazon.com.Inc recently announced a plan that it will invest $ 1 billion in technology development companies in the fields of Logistics and Supply Chain Management.
- The first 5 startups in Amazon’s new $1B industrial innovation fund
Following Amazon’s announcement, the Seattle company said it had launched the Amazon Industrial Innovation Fund. According to the company, the new industrial innovation fund targets Amazon’s need to find ways to deliver goods faster, while improving the experience for customers and employees working in warehouses and logistics. It also aims to improve on Amazon’s previous investments in AI and robotics, including automation to help ship larger and faster items.
The Amazon Industrial Innovation Fund follows other corporate investments that seek to find, support, and sometimes acquire companies that work on technology. In 2020, Amazon launched a $2 billion Climate Pledge Fund to invest in sustainable technologies and services to help the company achieve its commitment to be net zero carbon in its operations. by 2040. Amazon’s Climate Fund has invested in 11 companies to date, including CarbonCure, CMC Machinery, Pacama, Redwood Materials, Resilient Power, Rivian, TurnTide Technology, BETA Technology, Ion Energy, ZeroAvia and Infinium.
Amazon recently announced five initial investments in robotics and technology startups. The first name on this list is the Corvallis, Oregon Startup Company founded by Jonathan Hurst and Damion Shelton. Corvallis, Oregon is known for its bipedal walking robot called Digit. Having two legs allows Digit to go places that wheeled bots can’t reach, like stairs.
BionicHIVE, an Israeli company is the second name on this investment list. Currently, the company is developing an automated robot product branded SqUID that can adapt to existing racks and boxes in the warehouse and is capable of floor-to-ceiling operations. Each robot can roll along the ground of a warehouse floor, then attach itself to those giant floor-to-ceiling shelves in the warehouse, slide up the shelf, pick up a box, and then descend.
Mantis Robotics is currently the youngest company in the investment block. The company is developing a tactile robotic arm that uses sensor technology to cooperate with people. Technology allows these robotic arms to be “worthless”, allowing them to interact more freely with people without the risk of injury.
The fourth name in the fund is Data Analytics Startup Greenville. The company is currently working on safety technology for wearables, providing personalized, real-time alerts and recommendations aimed at reducing injuries, most notably muscle problems. the bone. In essence, a wearable is a belt with six sensors to provide movement, location, and environmental data.
Finally, the company started up VIMAAN Santa Clara, California was established in 2016 developing computer visualization and artificial intellectual products to improve inventory management. Automatic products basically create a digital warehouse can capture, track and manage inventory in the entire warehouse, including receipt, put and select, store and pack and ship.
Khanh Huyen Nguyen