Sinovation Ventures is a full-service venture capital firm that actively invests in the Chinese technology market.

Sinovation Ventures

Eudaimonia Capital is an angel investment company that offers investments to early-stage companies. It is an extensive, global, angel portfolio with investments in more than 30 companies and performance more than 30% IRR. It is based in Singapore.

Eudaimonia Capital

Investors of Gaorong Capital include world-class sovereign wealth funds, university endowment funds, family foundations, pension funds and fund of funds, as well as successful entrepreneurs, including founders and managements of Tencent, Alibaba, Baidu, JD, Xiaomi, Focus Media and VIPShop. They will provide with valuable industry resources, entrepreneurial experience, and global perspectives.

Gaorong Capital

5Y Capital is a firm engaged in providing early-stage venture investments. It was formerly known as Morningside Venture Capital. The investment firm manages USD 5bn in dual-currency funds in USD and RMB, backed by world-renowned sovereign wealth funds, family offices, fund of funds, university endowments, pensions, and foundations. It was headquartered in Xuhui, Shanghai, China in 2008 by Ken Shi and Richard Liu.

5Y Capital

New Wheel Capital

Founded in 2014, Source Code Capital is a leading China VC focused on the broad TMT sectors and investing in both early stage start-ups and growth stage companies. With $1.5 billion and RMB 3.5 billion under management, Source Code Capital has been successfully partnering with close to 150 leading Chinese technology founders since inception including Bytedance, Meituan, Homelink, among many others. Source Code is focused on the “Big 3” fundamental drivers, which are Internet+, AI+, and Global+ , and invests along sectors such as media and entertainment, consumer services, enterprise, finance, retail, transportation, housing, education, and healthcare.

Source Code Capital

Capital Today manages dedicated China country funds of USD2.5 billion. It is one of the first independent private equity firms in China. Founded by Kathy Xu in 2005, Capital Today is committed to provide growth capital to small and medium-sized Chinese companies and helps them build sustainable businesses and No.1 brands in China.  Capital Today's investment theme is to capture opportunities with the booming Chinese middle class and their changing life styles.  Capital Today has a focused and disciplined strategy and hands-on approach. It is dedicated to help the Chinese entrepreneurs build KPI, Culture and No.1 brands (Capital Today's ''3 Weapons''). Capital Today is a strong believer of long term investment and tends to hold the investment for many years.  Capital Today has been focused on Consumer. Retail & Internet Sector. Their Portfolios IncludeJD.com, Youku Tudou.com, Ganji.com, Dianping.com, Three Squirrels online snack food brand, Yifeng Pharmacy Chain, Cosrno Lady Underwear Chain, Nuts Snack Food Chain, BiFengTang Quick Service Restaurant, Tsui Wah Restaurant Chain, etc.

Capital Today

XYZ Robotics

XYZ Robotics' mission is to accelerate the advent of autonomous robotic perception and manipulation. The company focuses on innovative machine vision and robotic intelligence software platform to improve logistics and manufacturing productivity. Typical applications include robotic depalletizing, mixed case palletizing, piece picking, bin picking, and vision-guided assembly. Founded in 2018, the company is headquartered in Shanghai. Today, XYZ Robotics serves a global customer industry base from automotive, pharmaceuticals, electronics to e-commerce, retail, 3PL, and beyond.

XYZ Robotics offers a machine vision-powered picking robot solution equipped with 3D cameras and swappable grippers to automate the processes of sorting, picking, and packing. The company’s four main offerings are a trailer loading/unloading robot called “Rocky,” a depalletizing robot, a mixed case palletizing robot, and a piece-picking robot. The robots come equipped with self-supervised machine learning that do not require training on new objects.&nbsp;

Using data and automation to achieve 24/7 production.

Smart Factory

<div>XYZ Robotics offers a machine vision-powered picking robot solution equipped with 3D cameras and swappable grippers to automate the processes of sorting, picking, and packing. The company&rsquo;s four main offerings are a trailerloading/unloading robot called &ldquo;Rocky,&rdquo; a depalletizing robot, a mixed case palletizing robot, and a piece-picking robot. The robots come equipped with self-supervised machine learning that do not require training on new objects.&nbsp;</div>

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

Logistics Tech

XYZ Robotics on LinkedIn: RockyOne | Automate Trailer Loading for a Global Chip Brand

XYZ Robotics offers a machine vision-powered picking robot solution equipped with 3D cameras and swappable grippers to automate the processes of sorting, picking, and packing. The company’s four main offerings are a trailer loading/unloading robot called “Rocky,” a depalletizing robot, a mixed case palletizing robot, and a piece-picking robot. The robots come equipped with self-supervised machine learning that do not require training on new objects.&nbsp;The company pitches its products toward manufacturing, logistics, and warehousing applications. It offers the products on subscription-based contracts.&nbsp;Key customers and partnershipsXYZ Robotics’ customers come from a range of industries, including pharmaceuticals, electronics, chemicals, ecommerce, and retail. They include SF Express, JD.com, Vipshop, Sunrise Dutyfree, Watsons, and INI Hydraulic.

Avathon (formerly SparkCognition) offers a suite of AI-powered data analytics solutions for businesses, specializing in the industrial sector. The company’s offerings include: 1) Industrial AI Suite, which enables users to connect datasets with configurable AI models, identify and contextualize risks to equipment, analyze maintenance actions, monitor performance, and visualize multi-asset systems, without requiring coding experience, and 2) Visual AI Advisor, which leverages computer vision to analyze real-time data from existing camera infrastructure for a number of different use cases, such as safety monitoring, visual inspection, and machine monitoring.&nbsp;In May 2023, the company launched the Generative AI Suite, a solution specifically tailored for the industrial sector, which enables users to build and deploy custom large language models (LLMs) on either private or on-premise cloud environments. Users also autonomously augment data sets by generating text, images, audio, and other signals and create imagery for use in simulated real-world environments. It claims to&nbsp;reduce the foundational information needed for decision-making by up to 20x.Since 2021, the company has acquired a number of companies to further develop its product offering. This includes Indian visual AI startup&nbsp;<a href="https://sp-edge.com/updates/9370?industryIds=6">Integration Wizards</a> (March 2022) to expand its intellectual property (IP) portfolio to improve vision capabilities as well as digital knowledge platform Maana (July 2021), software developer for the renewable energy industry Ensemble Energy (May 2021), and financial technology company AIM2 (February 2021).&nbsp;<a href="https://sp-edge.com/updates/34997">In October 2024,&nbsp;</a>Avathon unveiled a new system-level AI platform that provides solutions for managing and monitoring critical industrial infrastructure. The AI platform addresses various industrial issues, including maximizing the uptime of capital-intensive assets, enabling efficient manufacturing ramp-up, and ensuring worker safety in industrial settings.&nbsp;Key customers and partnershipsSparkCognition’s clientele comprises large companies such as Boeing, Hitachi, and British Petroleum. It has also built partnerships with Google for cloud platform services, Hewlett-Packard Enterprise to offer AI predictive maintenance on HPE Edgeline Converged Edge Systems, and OSIsoft to integrate SparkCognition’s machine learning technology with OSIsoft’s PI system to improve data and process data analytics.&nbsp;

Avathon

Sight Machine offers a manufacturing data platform that captures and contextualizes data from factories to deliver a system-wide view of the manufacturing process as well as individual assets. The platform transforms raw plant data as well as data from machines of various manufacturers into a standardized data foundation and provides actionable insights for a range of use cases such as predictive maintenance, quality improvement, and capacity utilization. Users can analyze all assets, data sources, and processes by creating digital twins, thereby improving processes, quality, and productivity.&nbsp;In October 2022, Sight Machine introduced <a href="https://sp-edge.com/updates/13696?industryIds=6">Blueprint</a>, a tool developed in collaboration with NVIDIA and Microsoft, which uses AI for high-speed, automated data labeling. The company claims that this solution enables manufacturers to analyze up to 100x more of their data than traditional methods.&nbsp; Key customers and partnershipsSight Machine caters to at least 15 verticals, such as food and beverage, electronics, and automotive. Its global clientele includes Fortune 500 companies such as Nissan, Heineken, Westrock Co., and Asian Paints.&nbsp;<a href="https://sp-edge.com/updates/21955">In September 2023</a>, Sight Machine partnered with LS Electric, a power and automation solutions provider, to create an AI-driven Big Data analytics platform tailored for the manufacturing and energy sectors. In December 2023, the company went on to partner with Teamviewer, a remote collaboration solutions provider, to offer a joint product that combines the latter’s remote connectivity and industrial AR solutions with its real-time data and analysis for industrial processes.&nbsp;Sight Machine has established partnerships with large global companies such as Microsoft, Google, Databricks, Siemens, and AWS to integrate with their data analytics platforms and Fujitsu to help with wide deployments. In July 2023, the platform also became a certified Microsoft Cloud for Manufacturing partner and released Factory CoPilot, integrating its Manufacturing Data Platform with Microsoft Azure OpenAI Service to offer GenAI capabilities for manufacturing analysis and real-time insights. The company went on to launch the<a href="https://sp-edge.com/updates/33441"> Sight Machine connector for Databricks</a> (in September 2024), to integrate its manufacturing data platform with the latter’s data intelligence platform.

Sight Machine

Overview offers smart cameras and AI to enable users to monitor manufacturing equipment and robots and identify defects in real time before significant damage or downtime is incurred. The technology has a repository of machine data so that there is a traceable visual record of all units.&nbsp;With AI, the cause of production issues and quality concerns can be identified either on-site or remotely. The company claims over time, the deep learning computer vision algorithms allow for any sudden substantial increases in production and improved yields. Moreover, it reportedly offers 100% visual traceability and an over 99.9% uptime.&nbsp;Key customers and partnershipsAs of September 2024, the solution was used by a number of enterprises, including Schaeffler, ThermoFischer, Honda, Caterpillar, and Tyson.&nbsp;

Overview

Bright Machines combines robotics, machine learning, and computer vision to provide automation applications for the electronics manufacturing industry. Its flagship product is the “Bright Machines Microfactory,” a pre-integrated, programmable assembly line that can be deployed in existing and new production facilities. The Microfactory runs on the company's proprietary “Brightware” cloud-based software platform, offering a scalable solution that enables manufacturers to enhance supply chain resilience and adapt production capacity according to market demand. This software-defined manufacturing allows factories to change the products that they manufacture if needed. The company offers its service on a subscription-based microfactory-as-a-service (MaaS) business model.The company reportedly generated USD 83 million in revenue in 2021. In May 2021, Bright Machines reported that its revenue doubled each year since its inception (2018) and forecasts a 5-year CAGR (2020-2025) of over 84%.&nbsp;Key customers and partnershipsBright Machines served over 40 manufacturing companies as of October 2022.The company collaborated with Microsoft Azure in May 2024 to leverage the latter’s infrastructure to deliver a full-stack environment for all stages of the manufacturing lifecycle.The company also has distribution/sales partnerships with Anstar Corporation (April 2021), SMT Capital (April 2021), MaRC Technologies (May 2021), PAC Global (May 2021), Restronics (June 2021), <a href="https://sp-edge.com/updates/3618">BROCK Electronics</a> (June 2021), <a href="https://sp-edge.com/updates/4740">Murray Percival</a> (July 2021), <a href="https://sp-edge.com/updates/4412">Competitive Edge Manufacturing Equipment</a> (CEME; July 2021).Key competitors: None comparable (Bright Machines is the only company in the smart factory industry that offers microfactories-as-a-service, which combines intelligent software with adaptive hardware to automate manufacturing processes.)

Bright Machines

Augury offers AI-based predictive maintenance solutions. It uses wireless halo sensors to record the vibration, temperature, and magnetism of machines and upload them to the cloud, where AI will be used to diagnose faults and predict potential malfunctions. The system can predict failures and provide early, actionable insights on equipment status, allowing companies to plan maintenance more effectively. Augury offers Machine Health solutions for Critical Assets (MH CR) and Supporting Equipment (MH SE).&nbsp;Furthermore, it offers a warranty policy (one-of-a-kind in the predictive maintenance field) for up to USD 100,000 of repairs and replacements if the software fails to successfully predict machine faults. The company reported that its machine health (predictive maintenance) solutions can deliver an ROI of 3x–10x. In December 2023, the company launched a product loss guarantee solution, in partnership with HSB, which covers a broader range of production-related assets, including protection against production loss due to mechanical failures.&nbsp;In May 2022, <a href="https://sp-edge.com/updates/10286">Augury acquired Seebo,</a> another Israeli company that offers predictive quality and yield solutions for manufacturers to identify process-driven inefficiencies.&nbsp;Key customers and partnershipsAugury has built a customer base consisting of companies such as Hershey’s, Colgate-Palmolive, Grundfos, Heineken, Danone, and Bausch Health. The company announced an insurance plan for its customers in 2020, partly as a strategy to attract more customers. Augury’s Machine Health Solutions are integrated with PTC’s ThingWorx IoT through a partnership in July 2020 and are available in the PTC Marketplace. In October 2021, it partnered with Baker Hughes, a provider of energy technology solutions, which integrated Augury’s solutions into its System 1 software and asset performance management (APM) solutions. It went on to integrate Baker Hughes’ “Ranger Pro” wireless condition monitoring sensor and “Cordant” gateway into its platform in June 2024.&nbsp;In November 2023, <a href="https://sp-edge.com/updates/23991">Augury partnered with IFS Ultimo</a>, a provider of cloud-based enterprise asset management (EAM) solutions, to offer machine health monitoring and asset management workflows for industries. It went on to partner with DSV, a logistics solutions provider, in March 2024, to introduce a new Parts As a Service (PaaS) solution. The solution utilizes machine health to predict machine faults and enables users to automate the procurement of replacement parts.

Augury

Companies that provide robotic fleet management software, robotic automation software, and inspection software.

Companies that provide an industrial IoT platform across factories as the primary offering.

Companies that provide cobots, sorting/ picking robotics, modular production robotics, and microfactories.

Companies that focus on data analytics for operations streamlining and process optimization, and may offer predictive maintenance.

Companies that provide autonomous mobile robots (AMR) or self-driving vehicles (SDV) used in manufacturing/ factory operations.

Companies that monitor the manufacturing equipment and assembly lines.

Companies that provide predictive maintenance as a primary offering. 

Creates digital twins of assets and processes to help manufacturers improve processes, quality, and productivity

Connected devices, sensors, IoT, and analytics are used to optimize factory operations

Uses advanced robotics, AMRs, and related software to improve the efficiency of factory operations

Uses connected devices and sensors to gather data—IIoT, predictive analysis, and equipment inspection

Uses AI/ML to analyze data for predictive maintenance and AI-based vision systems for line inspections

5G standard allows for faster reaction times and supports high connection densities

Uses edge computing for data processing at the edge

Some companies in the predictive maintenance space uses generative AI to generate possible alternative scenarios

<div>
 
 XYZ Robotics offers a machine vision-powered picking robot solution equipped with 3D cameras and swappable grippers to automate the processes of sorting, picking, and packing. The company&rsquo;s four main offerings are a trailerloading/unloading robot called &ldquo;Rocky,&rdquo; a depalletizing robot, a mixed case palletizing robot, and a piece-picking robot. The robots come equipped with self-supervised machine learning that do not require training on new objects.&nbsp;
 
 
 
 
 1. 
 Rocky:
 Requires a small footprint and can operate autonomously within a container. Can operate 450 cycles per hour, carry 55 lbs, and work three shifts continuously
 
 
 2.
 Depalletizing robot: 
 Features model-free recognition (10,000+ types) and 3D vision technology, facilitating handling of item types like cartons, totes, and barrels. Can handle up to 600 single-item cases or 1,200 multi-item cases per hour
 
 
 3.&nbsp; 
 Mixed-case palletizing robot:
 Offers a more-than-five-layers loading rate and can handle 600 cases per hour. Comes with smart pallet planning and is optimized for different item types and sizes, ensuring safe and stable pallet patterns for various industries
 
 
 4. 
 Piece-picking robot:
 Can pick 900&ndash;1,800 pieces per hour, and features 90% high loading rate and 2 cm gentle placement
 
 
 
 
 Key customers and partnerships
 
 
 XYZ Robotics&rsquo; customers come from a range of industries, including pharmaceuticals, electronics, chemicals, ecommerce, and retail and includes companies such as SF Express, JD.com, Vipshop, Sunrise Dutyfree, Watsons, and INI Hydraulic.&nbsp;&nbsp;
 
 
 
 
 Funding and financials
 
 
 In June 2022, XYZ Robotics 
 <a href="https://sp-edge.com/updates/11193">
 raised USD 40 million
 </a>
 in a Series B+ funding round to expand investments in R&amp;D, increase market share, develop more user-friendly products, and offer professional services.
 
 
 
</div>

<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

XYZ Robotics

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