On Cyber Monday, Friendly Robots Are Helping Smaller Stores Chase Amazon
DAVEY ALBA for Wired: Locus Robotics is an offshoot of Massachusetts-based Quiet Logistics, a third-party order fulfillment company that gets merchandise out the door for big apparel retailers like Zara, Gilt Groupe, and Bonobos. And the idea behind its bots isn’t just to replace humans, but to create a system where everyone can work together more efficiently.
What most people don’t realize in the age of push-button shopping is the “shopping” part doesn’t disappear. You the consumer are no longer at the store doing the physical work of tracking down the thing you want. But somebody still has to do it. For e-commerce, that task typically falls to a worker at a distribution center who must locate the product, make sure it’s not damaged, and send it off to be packed and shipped. This can be grueling, tedious work. More than anything else, it’s about walking. Lots of walking. Locus aims to have its bots do the walking instead. Cont'd...
Robotics firm GreyOrange raises $30 million, to expand overseas
GreyOrange, a robotics firm that is in the business of automating warehouses, has raised $30 million (Rs 191.6 crore) in a round led by Tiger Global Management, with participation from existing investors Blume Ventures.
The funding, which the company says is one of the largest for robotics company globally, will be used to invest in developing new products, expand internationally into Asia Pacific, Middle East and Europe. The company says it has a 90% market share of India's warehouse automation market and it powers over 180,000 square feet of warehouse.
"We are doubling our team size globally as we steer the company and our products beyond India and into international markets," said co-founder and CEO Samay Kohli, who founded the company with Akash Gupta in 2011.
The company has two products: The Sorter and the Butler. The former is a high-speed system that consolidates orders and routes parcels. By Diwali, the company will have installed sortation capacity of 3 million parcels per day.
The second product, the Butler, is an order-picking system that is tailored for high-volume, high-mix orders characteristic of e-commerce and omni-channel logistics fulfilment. Cont'd..
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