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Business News » Companies News

Amazon buys warehouse robotics startup Canvas Technology

Amazon has increasingly automated its fulfilment centres with robots, originally from Kiva Systems which it agreed to buy for $775 million in 2012.

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Amazon buys warehouse robotics startup Canvas Technology
Amazon.com Inc on Wednesday said it had acquired Canvas Technology, a robotics startup in Boulder, Colorado, that has built autonomous carts that can move goods around warehouses. Reuters
Written By: Reuters
Updated: Thu, Apr 11, 2019
07:49 am
Reuters
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Amazon.com Inc on Wednesday said it had acquired Canvas Technology, a robotics startup in Boulder, Colorado, that has built autonomous carts that can move goods around warehouses. An Amazon spokeswoman did not comment on the deal`s price tag but said the companies "share a common vision for a future where people work alongside robotics to further improve safety and the workplace experience. We look forward to working with Canvas Technology`s fantastic team to keep inventing for customers."

The world's largest online retailer has increasingly automated its fulfilment centres with robots, originally from Kiva Systems which it agreed to buy for $775 million in 2012, that transport shelves of inventory to workers to pick customer orders. Amazon has also shown growing interest in self-driving technology more broadly, recently participating in a $530 million funding round in driverless car startup Aurora Innovation Inc.

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The deal was earlier reported by TechCrunch. 

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