Amazon Buys Robot Firm For $755 Million To Help Automate Warehouses

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Amazon announced today that they are purchasing robotics company Kiva Systems. Kiva specializes in warehouse automation.

Kiva Systems robots can be guides by barcodes on the floor and shelving systems. The robots can then pick and bring items to stationary workers.

By keeping the workers stationary and letting the robots do all of the product picking the warehouse process becomes several times more efficient.

“Amazon has long used automation in its fulfillment centers, and Kiva’s technology is another way to improve productivity by bringing the products directly to employees to pick, pack and stow,” said Dave Clark, vice president, global customer fulfillment, Amazon.com. “Kiva shares our passion for invention, and we look forward to supporting their continued growth.”“For the past ten years, the Kiva team has been focused on creating innovative material handling technologies,” said Mick Mountz, CEO and founder of Kiva Systems. “I’m delighted that Amazon is supporting our growth so that we can provide even more valuable solutions in the coming years.”

Amazon will also pick up 24 contacts Kiva Systems already has in place, including giant toy retailer Toys R Us and outdoor company Timbaland.

Source: Mashable

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