Home Startup news Amazon buys warehouse robotics startup Canvas Technology

Amazon buys warehouse robotics startup Canvas Technology

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One of the largest ecommerce platform Amazon has now revealed that it has acquired a robotics startup, Canvas Technology that has built autonomous cars that can move the goods around warehouses.

As of now, there is no report on the financial amount of the deal. But the company said that “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 deal which was earlier reported by some of the news reporter.

The world largest retailer organization has increasingly automated its fulfillment centers with the robots, originally from the Kiva Systems which it agreed to pay around $775 Million in the year 2012, that transport shelves of inventory stores to workers to pick the customers’ orders.

Amazon has also been shown growing interest in the self-driving technology at a faster pace, recently participating in a $530 Million funding round in the driver less car startup Aurora.

Udit Agarwal
Startup/Tech News Correspondent, Responsible for gathering information on the tech companies working on IOT, AI, ML, Cloud, Mobile Technologies, Udit can be reached at [email protected]

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