Amazon acquired Canvas Technology, might aiming bigger warehouse robotics plans

Amazon.com Inc has acquired Boulder, Colorado-based robotics startup Canvas Technology that makes autonomous carts for moving the goods around warehouses, the company unveiled on last Wednesday, a latest move...

Amazon.com Inc has acquired Boulder, Colorado-based robotics startup Canvas Technology that makes autonomous carts for moving the goods around warehouses, the company unveiled on last Wednesday, a latest move by the retail giant that is keen on expanding its robotics portfolio.

Financial details of the deal was not disclosed by an Amazon spokeswoman but she said that both the companies are in common future vision of people working alongside the robots to have a better work experience and improve d safety environment, and Amazon looks forward to work with the extraordinary team of Canvas Technology to go on inventing for customers.

Amazon is the world’s largest online retailer that remained automating large part of its fulfillment centers with the robotic technology, mainly from Kiva Systems bought by Amazon in 2012 for its then second largest deal of $775 million and transformed it into its Amazon Robotics division developing robots to perform warehouse tasks like bringing items out of storage, off shelves and out of bins, and carrying the products to human workers for faster picking and packing of customer orders.

Amazon also remained highly interested in broader autonomous vehicle technology and recently participated in a funding round of driverless car startup Aurora Innovation Inc which raised an investment of $530 million from that funding round.

Founded in 2015, Canvas Technology provides robotic solutions to factories and warehouses including an autonomous cart that makes use of 3D images to navigate in warehouse even within tighter environments.

It is more likely that Amazon came on folding Canvas Technology into its Amazon Robotics division too. Amazon’s robotic technology moves hints that company might be preparing to start selling or at least licensing its warehouse robot technology to other logistics firms or third-party retailers, and robots from Canvas Technology would be more beneficial to such efforts.

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