IndustrialSage Logo
  • Shows
    • Bright Ideas by Acuity Brands
    • Executive Series
    • From the Floor: Trade Shows
    • Industries of the Future, Presented by Schneider Electric
    • Making Connections Presented by Brennan Industries
    • Sales & Marketing Insights
    • Sales & Marketing How To
    • Webinars
    • Create Custom Content
    • Sponsor A New Show!
  • News
    • Industry News
    • Submit a Story
  • Articles
  • Members
    • Login
    • Member Dashboard
    • Add Agency to Directory
    • Profile
    • Create Account
    • Press Submission
  • Services
  • About
    • About Our Team
    • About IndustrialSage
    • About the Studio
    • Reviews
    • Agency Directory
    • Our Sponsors
      • Optimum Productions
    • Careers
    • Subscribe
  • Contact
Menu
  • Shows
    • Bright Ideas by Acuity Brands
    • Executive Series
    • From the Floor: Trade Shows
    • Industries of the Future, Presented by Schneider Electric
    • Making Connections Presented by Brennan Industries
    • Sales & Marketing Insights
    • Sales & Marketing How To
    • Webinars
    • Create Custom Content
    • Sponsor A New Show!
  • News
    • Industry News
    • Submit a Story
  • Articles
  • Members
    • Login
    • Member Dashboard
    • Add Agency to Directory
    • Profile
    • Create Account
    • Press Submission
  • Services
  • About
    • About Our Team
    • About IndustrialSage
    • About the Studio
    • Reviews
    • Agency Directory
    • Our Sponsors
      • Optimum Productions
    • Careers
    • Subscribe
  • Contact
Search
Close
Home Robotics
Berkshire-Grey-Robotic-Parcel-263-million-series-b

Berkshire Grey Raises $263 Million Series B Financing

Major funding announcement for an innovative robotics company focused on industrial solutions for retail, eCommerce, and logistics.

by IndustrialSage News
February 12, 2020
in Robotics
2 min read
7
SHARES
Share on LinkedIn Share on FacebookShare on TwitterEmail this Article

Berkshire Grey, a robotics and AI company delivering retail, ecommerce, and logistics fulfillment automation to global Fortune 100 companies, today announced it has raised $263 million in Series B financing with SoftBank, Khosla Ventures, New Enterprise Associates, and Canaan participating. Berkshire delivers first-of-its-kind robotics automation for global retail, ecommerce, and logistics customers as they compete for rapid fulfillment.

This capital will fuel Berkshire’s global expansion, acquisitions, and team growth as the company solidifies its position as the leading provider for AI and robotics solutions. As Berkshire Grey customers compete in a world dominated by new consumer expectations, labor shortages, and competitive pressure, the company’s robotics solutions significantly accelerate the transformation of customers’ logistics operations.

“Our customers from leading enterprises in retail, ecommerce, and logistics are selecting Berkshire Grey as a competitive differentiator,” said Tom Wagner, Ph.D., founder and CEO of Berkshire Grey. “With our intelligent robotic automation, our clients see faster and more efficient supply chain operations that enable them to address the wants of today’s savvy consumer.”

Berkshire deploys intelligent robotic solutions to automate tasks never before performed by machines in commercial settings. Berkshire Grey solutions automatically pick, pack, and sort individual items, inner packs, cases, and parcels to automate omni-channel warehouse and distribution operations.  Through first-in-class technologies in artificial intelligence, computer vision, machine learning, advanced sensing, novel gripping, and robotics, Berkshire solutions handle the broadest assortment of products, packaging, and parcels – and all while continuously improving speed and performance through autonomous learning.  Berkshire Grey’s customers typically optimize picking labor costs in break pack and ecommerce operations by 70% to 80% and improve throughput by 25% to 35%.

ABOUT BERKSHIRE GREY 
RADICALLY ESSENTIAL. FUNDAMENTALLY FORWARD.
Berkshire Grey helps customers radically change the essential way they do business by combining AI and robotics to automate omni-channel fulfillment.  Berkshire solutions are a fundamental engine of change that transform pick, pack, and sort operations to deliver competitive advantage for enterprises serving today’s connected consumers. Berkshire customers include Global 100 retailers and logistics service providers. More information is available at www.berkshiregrey.com.

IndustrialSage News
Author: IndustrialSage News

Started in 2017, IndustrialSage is a global organization providing original online reporting and video programming across LinkedIn, Instagram, Facebook, Twitter, and more. Our mission is to help industrial/manufacturing professionals be informed with the best information and resources.

https://www.industrialsage.com

Tags: Berkshire Greyfundinginvestorsnewspress releaseseries bventure
ShareShare3Tweet2Send
Previous Post

Douglas Battery™ to Feature Legacy® Battery and Charger Solutions at MODEX® 2020

Next Post

Confidex Releases New RFID Tire Tag

Related Posts

Hose Box to be Featured at the ConExpo Brennan Booth
Education and Training

Hose Box to be Featured at the ConExpo Brennan Booth

March 1, 2023
KPI Integrated Solutions Opens First Full-Scale Demonstration Site In North America For New Geek+ Four-Way Shuttle Solution
Warehouse

KPI Integrated Solutions Opens First Full-Scale Demonstration Site In North America For New Geek+ Four-Way Shuttle Solution

December 7, 2022
“Industries of the Future” Campaign by Schneider Electric Wins Silver Award for B2B International Campaigns
International Marketing

“Industries of the Future” Campaign by Schneider Electric Wins Silver Award for B2B International Campaigns

December 1, 2022
RIOS Deploys Mixed-SKU Palletizing Robotics Suite
Robotics

RIOS Deploys Mixed-SKU Palletizing Robotics Suite

November 28, 2022
Zebra Technologies Notes Holiday Pressure On Food & Beverage Industry
Labor

Zebra Technologies Notes Holiday Pressure On Food & Beverage Industry

November 18, 2022
Hy-Tek Material Handling Announces Rebrand as Hy-Tek Intralogistics
Logistics

Hy-Tek Material Handling Announces Rebrand as Hy-Tek Intralogistics

November 15, 2022
Please login to join discussion
Industries of the Future, Presented by Schneider Electric: Watch the All New Monthly Series Now!
No Result
View All Result
We Create & Distribute Custom Branded Content for You

Want to reach more Industrial & Manufacturing Professionals? Learn More »

A dynamic, open platform, publishing compelling content for industrial professionals.

Shows

  • Sales & Marketing
  • Executive Series
  • Agency Success Podcast

Members

  • Login
  • Create Account
  • Member Dashboard
  • Press Submission
  • Be A Guest On A Show

Resources

  • Downloads & Video Guides
  • Partner Agency Directory
  • Become a Contributor

Grow

  • About Us
  • Advertise
  • Careers
  • Contact Us
  • Subscribe

© 2020 IndustrialSage, Inc. All rights reserved

  • Terms of Use
  • Privacy
  • UGC Terms
Linkedin Facebook-f Twitter Youtube Instagram