Berkshire Grey

Overview
Activities
News
Logistics Tech?
Retail Industry Robots?
Product stageSegments
Growth
?
Automated fulfillment solutions
?

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 partnerships

Berkshire 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 (September 2024) to expand markets by combining technologies.

HQ location:
140 SOUTH ROAD Bedford MA USA
Founded year:
2013
Employees:
251-500
IPO status:
Public
Total funding:
USD 428.0 mn
Last Funding:
USD 165.0 mn (Post IPO Equity; Jul 2021)
Last valuation:
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