Amazon Acquires Warehouse Robotics Company Canvas Technology
Amazon has agreed to acquire warehouse robotics startup Canvas Technology for an undisclosed amount.
Don’t Miss
- Do you need a business bank account for your online business? Have a look at our review of the five best bank accounts for sellers, some of which are free with no minimum balance or deposits.
- AI can change your entire social media game today. Learn how you can save time writing engaging content faster. [sponsored]
- How to lower your taxable income and pay less in taxes. [sponsored]
- ‘My Community Made’ is a new marketplace to compete with Etsy and Amazon Handmade.
- EXCLUSIVE: Interview with Chris Prill, VP eBay Motors, discussing the new Guaranteed Fit program.
An Amazon spokesperson confirmed to Reuters the purchase by stating that both 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.”
As Amazon continues to expand its warehouse operations and faces criticism from labor activists about pay and working conditions at its warehouses, the company is beefing up autonomous operations.
According to Robotics Business Review, “Canvas Technology is a robotics company using spatial AI to provide end-to-end autonomous delivery of goods. By using state-of-the-art cameras and other sensors, the system perceives its surroundings with unrivaled vision and fidelity.”
This is definitely the type of technology and company that can help Amazon expand its autonomous warehouse operations and make its fulfillment services even more efficient.
Connect with us: Head over to our Facebook Group for Small Business Sellers and interact with other small business owners.
Follow us on Facebook, Twitter, or LinkedIn to stay up to date with relevant news and business insights for your online business.
Subscribe to Our Newsletter
Business Insights for Your Online Business Presented with a Dash of Humor
We do not share your information and you can unsubscribe anytime.
Richard Meldner
Richard is co-founder of eSeller365. He has over 17 years of experience on eBay which includes tens of thousands of sales to buyers in over 100 countries and even has experience with eBay’s VeRO program enforcing intellectual property rights for a former employer. And for about two years Richard sold products on Amazon using Amazon FBA in the US.
To “relax” from the daily business grind, for a few weekends a year, he also works for IMSA as a professional race official.