G2VP invests in emerging technology companies that digitize traditional industries and drive market transformations. Tapping into global industries from transportation, energy and agriculture to manufacturing, and logistics, G2VP was founded around a multi-trillion-dollar trend: the digitization of industry. As this trend takes root, and industries worldwide transition from traditional analog to digital processes, G2VP sees tremendous opportunity for value creation, economic growth, and sector disruption. By aligning companies, purpose and profit, the company aims to unlock previously unidentified paths to sustainability and resource efficiency.

G2 Venture Partners

Principia Growth helps standout management teams build innovative and transformative companies.

Principia Growth

Atlas Innovate is an early-stage venture firm that identifies disruptive and transformational solutions to meet industry’s biggest problems–and opportunities. We find the most impactful industrial technologies and provide direct avenues for these change agents to tap into pre-transformation companies and catalyze that transformation. We support entrepreneurs by providing access and targeting high-impact use-cases that can strengthen their ideas. We help guide product launch and accelerate commercialization by providing our CEOs with a network of industry experts. Our sister company, Atlas Holdings, is a multi-billion dollar industrial holding company and a private investment firm with a diversified group of over 20 industrial manufacturing and distribution businesses.

Atlas Innovate

Giant Eagle® brand items can be found in every aisle, so you can get the highest quality products at their everyday low prices.   Three families — Goldstein, Porter and Chait — build a small grocery company called Eagle Grocery. The business is a success, and the Eagle chain expands to 125 stores. In 1928, the families sell Eagle Grocery to the Kroger Company. As part of their arrangement with Kroger, the families agree to leave the grocery business for three years.   In the meantime, two families — Moravitz and Weizenbaum — have been building their own successful chain of grocery stores named OK Grocery. In 1931, the five families—Goldstein, Porter, Chait, Moravitz, and Weizenbaum — combine forces to form Giant Eagle. The first Giant Eagle supermarket opens on Brownsville Road in 1936. Throughout the 30s and 40s, through the hardships of the Great Depression and World War II, the chain of Giant Eagle supermarkets and OK Grocery Food Stores grows steadily throughout Pittsburgh-area neighborhoods.

Giant Eagle

Seegrid

Seegrid is a provider of autonomous mobile robots (AMRs) and enterprise software for material handling. The company's Palion AMRs — including Palion Lift, Palion Pallet Truck, and Palion Tow Tractor — deliver turnkey automation for the most challenging environments, solving for labor shortages, increasing throughput, and helping businesses across the supply chain improve overall productivity. Seegrid’s portfolio services extend from project design through user training, deployment, change management, and data-driven consultation, accelerating automation initiatives today and into the future.

Seegrid develops vision-guided autonomous mobile robots (AMRs) supported by cloud-based fleet analytics software for material handling and logistics automation. Its robots come with varying load capacities ranging from 3,500 lbs to 10,000 lbs. The AMRs are designed for varying warehousing needs that include transporting items from receiving docks to storage locations, transporting items over a long, one-way distance, and gathering items into a single load for a consolidated shipment. Seegrid’s Palion Lift and Palion Tow Tractor are equipped with the ability to work in combination to load and unload carts with no human intervention.

AI, robotics, and IoT to streamline the flow of goods and information

Logistics Tech

Seegrid partners with Open Source Robotics Alliance, United States. News story in Forkliftaction News

Seegrid develops vision-guided autonomous mobile robots (AMRs) supported by cloud-based fleet analytics software for material handling and logistics automation. Its robots come with varying load capacities ranging from 3,500 lbs to 10,000 lbs. The AMRs are designed for varying warehousing needs that include transporting items from receiving docks to storage locations, transporting items over a long, one-way distance, and gathering items into a single load for a consolidated shipment. Seegrid’s Palion Lift and Palion Tow Tractor are equipped with the ability to work in combination to load and unload carts with no human intervention.Palion AMRs are powered by advanced vision systems and have the ability to navigate and operate in dynamic, human-centric environments. The AMRs are available for direct purchases, leases, and can also be accessed using a robots-as-a-service (RaaS) subscription model.The company also offers software solutions which include1) “Fleet Geek,” a cloud-based fleet analytics software that provides an enterprise-wide view of material flow2) “Supervisor,” a fleet management software that provides control and real-time visibility of the AMRs3) “Fleet Central,” a fleet management interface to enable orchestrated AMR workflows within customers’ facilities.The company also acquired Box Robotics, a mobile robotics startup, in October 2020 to complement its product development.Key customers and partnershipsAs of September 2024, Seegrid has partnered with over 50 global brands and deployed more than 2,000 AMRs within 200+ customer sites. Its customers include Sumitomo Drive Technologies, Whirlpool Corporation, DHL Supply Chain, and Zulily.In December 2021, Seegrid entered a collaborative partnership with the Applied Intuition for AMR Simulations to create 3D virtual warehouses, factories, and distribution centers. The company also has strategic partnerships with system integrators RōBEX (March 2022) and Koops Automation Systems (October 2022) to offer Seegrid’s suite of Palion solutions for the two companies’ customers.

<div>
 
 Boxbot develops automated sorting and storage solutions for warehouses. The company, which previously focused on developing autonomous delivery vehicles (ADVs) for 
 <a href="https://sp-edge.com/industry/1">
 last-mile delivery automation,
 </a>
 announced the shift in focus to develop warehouse robots 
 <a href="https://sp-edge.com/updates/22292">
 in September 2023.
 </a>
 It offers intelligent 3D parcel handling conveyor systems, specifically designed to increase storage density within a smaller footprint. Its platform can store, sort, and sequence high-throughput payloads while requiring minimal physical space. The company claims the system can handle up to 4,000 parcels per hour. The system is powered by &ldquo;Boxbot OS,&rdquo; which provides advanced analytics, systems controls, and predictive maintenance features.
 
 
 Key customers and partnerships
 
 
 Boxbot was in discussions with partners and had identified several sites for testing its warehouse automation technology as of September 2023. The company has conducted pilot tests in various use cases and notes the technology can be deployed at last-mile delivery centers, bonded storage warehouses, and customer pickup locations.
 
 
 Funding and financials
 
 
 <a href="https://sp-edge.com/updates/22292">
 In September 2023,
 </a>
 Boxbot raised USD 12 million in a Series A funding round led by Playground Global to strengthen its engineering and business operations and accelerate its go-to-market approach.
 
</div>

Boxbot

Based in France, Exotec Solutions (Exotec) develops warehouse automation solutions. Its main offering “Skypod,” is an automated storage and retrieval system (ASRS) with the ability to prioritize orders by automating the movement of goods from bin storage to workstations. Skypod units are powered by autonomous mobile robot (AMR) technology and have the ability to travel at high speeds and move in 3D environments.Skypod system is supported by Exotec’s end-to-end warehouse software, “Deepsky,” which uses technologies such as Webservices, RESTful API, and nodeRed to control elements of the Skypod system. Exotec can be integrated with warehouse management and warehouse control systems and enables Skypod to be integrated with third-party automation equipment. It also collects real-time data for performance visibility.Exotec’s other warehouse solutions include “Skypicker, ” an automated picking arm that uses machine learning-based vision to pick items from the Skypod robots and place them into fulfillment containers, and “Skypath,” an API-based modular plug-and-play conveyor system. It also builds stations made up of a ramp, a screen, and scanners for smaller warehouse spaces that use Skypod robots.The company offers its products on a robotics-as-a-service (RaaS) basis and has a presence in multiple countries in the Asia-Pacific, Europe, and North America.Key customers and partnershipsAs of February 2022, Exotec served over 50 companies. Its customers include Decathlon, Carrefour, Cdiscount, Uniqlo, Gap, Monoprix, Logilec,&nbsp;<a href="https://sp-edge.com/updates/26080">Lane Automotive,</a> <a href="https://sp-edge.com/updates/35243">Auchan Retail Luxembourg,</a> <a href="https://sp-edge.com/updates/36779">BlueStar</a>,&nbsp;<a href="https://sp-edge.com/updates/36913">Hygie31 and Hartmann Group</a>.The company also has partnerships with system integrators such as 1) <a href="https://sp-edge.com/updates/24045">Bastian Solutions </a>and Advanced Handling Systems (AHS) to deploy Skypod systems in North America for retailers such as Gap, Ariat International, and GEODIS; 2) Korea-based engineering and IT service provider POSCO DX to expand its presence in South Korea. Its other integrator partnerships include Hy-Tek Intralogistics, Bastian Solutions, Klinkhammer Intralogistics, Unitechnik Systems GmbH, A1Sorter, LAC Conveyors &amp; Automation, Dexter Intralogistics, POSCO DX, Okura Yusoki, and IHI.&nbsp;

Exotec 

Berkshire Grey provides AI-powered robotic solutions for ecommerce fulfillment automaton, smart store replenishment, package sortation, and micro-fulfillment solutions, targeting retail, ecommerce, and third-party logistics (3PL). Its product portfolio includes robotic pick-and-pack solutions, robotic induction stations, robotic pick-and-sort solutions, and mobile robotic fulfillment solutions. Berkshire Grey specializes in configuring, installing, commissioning, and servicing these solutions for customers. It also provides additional professional services, such as system maintenance, system operation, and cloud-based monitoring and analytics.The company offers its product with a variety of purchase options, including outright sale and robotics-as-a-service (RaaS), which allows customers to use the offerings without incurring large, up-front capital expenses.Berkshire Grey generated revenue of US 65.9 million in 2022; however, it was yet to turn profitable, as its operating loss amounted to USD 113.8 million. The company has been listed on the Nasdaq since August 2021 via a merger with a special purpose acquisition company (SPAC), which valued the combined entity at USD 2.7 billion (February 2021). However, the company entered a definitive merger agreement with its investor SoftBank Group in March 2023, which also took the company private (transaction closed in July 2023).Key customers and partnershipsBerkshire Grey’s customers include Global 100 retailers and logistics service providers, such as Walmart, FedEx, Ceva Logistics, Target, Maersk, and Bealls.The company also has partnerships with system integrator of fulfillment and distribution solutions AHS (September 2021), technology service provider Atos (October 2021), data-driven robotic solutions provider Swisslog (March 2022), autonomous mobile robot developer Locus Robotics (January 2023), and intralogistics solution company Kardex <a href="https://sp-edge.com/updates/33225">(September 2024)</a> to expand markets by combining technologies.

Berkshire Grey

ShipBob is a cloud-based third-party logistics (3PL) platform that offers a fulfillment order platform for small and medium-sized ecommerce businesses. ShipBob's proprietary technology covers the entire fulfillment process, including order and inventory management, warehouse management, predictive data and analytics, and optimized shipping (package delivery within 1–2 business days) for ecommerce companies. The company operates as a B2B software-as-a-service (SaaS) company.ShipBob operated a network of 50+ fulfillment centers across the US, Canada, Mexico, Europe, and Australia (as of April 2024). These centers serve as storage and distribution hubs for ShipBob's customers. ShipBob also <a href="https://sp-edge.com/updates/32676">facilitates Section 321-compliant order fulfillment</a> from Canada and Mexico, which allows merchants to reduce paperwork, speed up delivery times, and save on transportation and duties for high-tariff goods shipped to US consumers.The company also provides a merchant application that enables users to monitor inventory levels and facilitates communication with the warehouses for selecting items to fulfill orders and arrange their shipment. ShipBob then integrates with various shipping companies to ensure the delivery of orders to customers.Key customers and partnershipsThe company had 7,000+ customers as of April 2024. Its customers include PetLab, Bloom Nutrition, Storelli, zBiotics, Semaine Health, Postal, Bruce Bolt, Baby Doppler, Earthley, Spikeball, Pit Viper, Oxford Healthspan, RIFRUF, Food Huggers, NutriPaw, FlutterHabit, Quadrant, Juspy, and SuperSpeed Golf.The company has integrations with multiple platforms to ensure a smooth fulfillment process. Such integrations include the following:1) Ecommerce platforms and marketplaces such as Shopify, Amazon, BigCommerce, eBay, Magneto, Squarespace, Walmart, Wix, WooCommerce, Netsuite, <a href="https://sp-edge.com/updates/22208">TikTok Shop,</a> and <a href="https://sp-edge.com/updates/30330">Adobe Commerce</a> integrations2) Ecommerce operations, inventory, and order management platforms such as Brightpearl, Birj, Cogsy, PackageBee, SPS Commerce, Zentail, Shipyard, Logicbroker, Order Desk, Fulfil.io, and Cin73) Returns management platforms such as HappyReturns, Loop returns, ReturnLogic, and Returnly4) Freight and shipping solutions such as DHL, FedEx, UPS, Flexport, Freightos, Route, Rush, Shippo, ShipStation, Anvyl, AfterShip, and Echo Global LogisticsIts other integrations include ecommerce marketing and customer support providers; custom packaging and design solutions providers; branding, marketing, and web development agencies; and accounting, tax, and financing service providers.

ShipBob

Locus Robotics develops autonomous mobile robots (AMR) for warehousing and manufacturing operations. It offers three main AMR solutions: 1) “Locus Origin,” an AMR designed for collaborative, high-volume order fulfillment; 2) “Locus Vector,” designed to handle small to medium payloads; and 3) “Locus Max,” designed for larger payloads. The AMR solutions are backed by “LocusONE,” a warehouse automation platform that uses AI and data science to deploy and manage the AMRs. LocusONE also generates real-time actionable insights to support operational decisions. The AMRs allow integration with warehouse management systems and warehouse control systems. The company also offers warehouse automation solution “LocusEmpower,” which supports a range of fulfillment types including zone-picking, discrete order picking, batch picking, and wave picking. It also offers <a href="https://sp-edge.com/updates/27481">"LocusHub,"</a> an AI/ML-powered cloud-based business intelligence engine grounded with LocusONE for advanced analytics.The company offers its products on a robotics-as-a-service (RaaS) basis. In April 2024, Locus’s AMRs achieved the landmark of completing more than 3 billion unit picks.In September 2021, Locus Robotics acquired AMR provider Waypoint Robotics, which offers AMRs that are industrial-strength with omnidirectional mobility features, enabling Locus Robotics to gain access to new market segments. Key customers and partnershipsAs of May 2023, the company had deployed its technology at 250+ locations in partnership with 100+ brands. Its global customers include Ceva Logistics, Boots, Cardinal Health, <a href="https://sp-edge.com/updates/27443">GEODIS, </a>DHL, DSV, JAS, Ryder, UniPharma, UnitedDrug, Go Retail Group, Bluegrass Supply Chain, FM Logistics, UPS, UPS Healthcare, VF Corporation, <a href="https://sp-edge.com/updates/27275">Booktopia,</a> <a href="https://sp-edge.com/updates/27659">John Lewis &amp; Partners</a> and ​<a href="https://sp-edge.com/updates/33695">​KSP Fulfillment</a>.In <a href="https://sp-edge.com/updates/30676">June 2024</a>, Locus Robotics entered a strategic partnership with Zion Solutions Group to integrate Locus's robotic solutions with Zion's supply chain solutions.Funding and financialsAs of November 2022, the company reported having USD 100 million+ in contracted recurring revenue.In November 2022, Locus Robotics <a href="https://sp-edge.com/updates/14949?industryIds=6">raised USD 117 million </a>in Series F funding co-led by Goldman Sachs Asset Management and G2 Venture Partners, valuing the company at “close to” USD 2 billion. The funds were to be used to facilitate the company’s continued growth and further expand global operations.

Locus Robotics

Companies developing automation technology for warehouses like robots (including inventory drones), cobots, automated storage and retrieval systems (ASRS), and related software.

Include companies providing automated ecommerce fulfillment, store replenishment, and package sortation solutions.

Companies offering automated vendor evaluation and management, demand forecasting, and inventory management.

Companies that offer warehousing and ecommerce fulfillment with technology developed in-house.

Uses connected devices and sensors to gather information—mainly relevant for the visibility segment

Uses robotics solutions for warehouse operations and fulfillment

Automated fulfilment solutions and warehouse automation broadly fall under industry 4.0

PROMINENT_CATEGORY

<div>
 A robotic lift trucks firm, Seegrid Corporation, has called off its product and distribution alliances with Raymond Corporation, a subsidiary under Toyota group. The new arrangement will initiate after a notice span of 90 days.
 Seegrid is set to adopt a direct sales strategy where it will offer and support its entire product range, under the brand Seegrid, to customers in all market segments. This is a shift from its earlier operations where Raymond catered to only a certain market section. The fresh model will oversee all facets of sales and service, starting from preliminary discussion to execution and aid.
 The firm is of the opinion that this transformation will bolster its position in delivering its technology to clients who only use Seegrid-branded items.
</div>

Seegrid

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