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About Berkshire Grey
Industries
Robotics & Automation
Automotive & Transportation
Industrial & Manufacturing
Company Size
201-500
Company Stage
IPO
Total Funding
$429.5M
Headquarters
Bedford, Massachusetts
Founded
2013
Overview
Berkshire Grey focuses on intelligent robotic automation for industries like retail, eCommerce, package handling, and logistics. Their solutions automate tasks such as identifying, picking, sorting, packing, and moving items, which can handle nearly all eCommerce stock keeping units (SKUs). This automation addresses labor shortages and allows workers to concentrate on more important tasks. Berkshire Grey offers modular products that can be customized and scaled for various settings, from large distribution centers to smaller fulfillment centers. They have partnered with FedEx Ground to improve small package processing, showcasing their ability to work with major companies. Their solutions can significantly cut operational costs by up to 70% and boost throughput by 25% to 50%. The goal of Berkshire Grey is to enhance efficiency in the supply chain and logistics sectors, providing substantial savings in time and costs for their clients.
Simplify's Take
What believers are saying
- The merger with SoftBank provides financial resources and strategic support for expansion.
- AI in supply chain market growth offers opportunities for Berkshire Grey's solutions.
- Robotic Shuttle Product Sortation launch positions them as leaders in e-commerce robotics.
What critics are saying
- Increased competition from companies like Covariant may impact market share.
- Merger with SoftBank could disrupt existing partnerships or customer relationships.
- SoftBank's financial instability might affect post-merger support for Berkshire Grey.
What makes Berkshire Grey unique
- Berkshire Grey automates omnichannel fulfillment using AI, computer vision, and machine learning.
- Their systems handle nearly 100% of typical eCommerce SKUs, enhancing efficiency.
- Partnerships with major players like FedEx Ground showcase their industry collaboration strength.
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Funding
Total Funding
$429.5M
Above
Industry Average
Funded Over
5 Rounds
SoftBank
New Enterprise AssociatesBenefits
Professional Development Budget
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 1%2 year growth
↓ -1%This collaboration aims to integrate Berkshire Grey's AI-enabled robotic picking technology with Kardex's AutoStore systems, offering customers a fully automated, one-touch fulfillment solution.
For instance, in October 2021, Berkshire Grey Inc. (U.S.), the leader in AI-enabled robotic solutions that automate supply chain processes, partnered with Atos (France) to accelerate the automation of supply chain operations.
In the UK, Maersk has partnered with Berkshire Grey to deploy AI-enabled robotic solutions in warehouses, allowing for accelerated sorting and enhanced flexibility in warehousing operations.
Berkshire Grey, a developer of robotic solutions that automate supply chain processes, is partnering with Advanced Handling Systems, a system integrator of fulfillment and distribution solutions within the supply chain.
Berkshire Grey Inc. last week announced that it has entered into a definitive merger agreement with SoftBank Group Corp. and its affiliate.
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About Berkshire Grey
Industries
Robotics & Automation
Automotive & Transportation
Industrial & Manufacturing
Company Size
201-500
Company Stage
IPO
Total Funding
$429.5M
Headquarters
Bedford, Massachusetts
Founded
2013
Berkshire Grey is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today