Berkshire Grey Agreements with Acquisition Corp to Create Robotics and Automation Solutions

Berkshire Grey | February 28, 2021

Berkshire Grey Agreements with Acquisition Corp to Create Robotics and Automation Solutions
Berkshire Grey has joined hands with Revolution Acceleration Acquisition Corp to create a leading publicly listed robotics and automation solutions. The value will be creating is estimated to be approximately $2.7 billion. Berkshire Grey, a company that develops integrated artificial intelligence (“AI") and robotic solutions for e-commerce, retail replenishment, and logistics is now ready to introduce automation solutions which will be an added advantage to the company.

Founded in 2013, BG is a reputed robotics company. It is known for offering fully integrated, AI-based software and hardware solutions. This helps the company to automate business operations in warehouses and logistics fulfillment centers. Retailers and logistics companies meet the exponential growth of e-commerce and ever-increasing consumer demands through the company’s solutions.

The Company has achieved strong force. Accelerating consumer shift toward e-commerce and the need for retailers to adapt their supply chain and warehouse operations to meet consumer demands are the reasons behind the company’s growth. This includes better selection, lower prices, and faster shipping. Nearly 5% of warehouses have been automated today, which highlights the substantial market opportunity for Berkshire Grey’s solutions.

Berkshire Grey’s AI-enabled robotics solutions are adaptable scalable and reliable. The solutions will provide businesses a holistic approach to automate tasks. The Company’s offerings will bring proprietary AI and differentiated hardware together to create robotic picking systems and multiple types of robotic mobility systems. Differentiated hardware includes sensing systems, full robots, gripping systems, and machine vision systems.

On this, John Delaney, the Chief Executive Officer of RAAC mentions that modern consumers expect a better selection of goods, at lower prices, along with immediate shipping. Berkshire Grey’s best-in-class technology and uniquely integrated solutions provide a decisive pathway for companies to adapt to these changing requirements. The Company’s strong relationships with an installed base of blue-chip clients are a testimony to its ability to deliver tangible and measurable results.

Spotlight

Automation is not a new concept in the electronics manufacturing industry. However, the convergence of the digital and physical realms with the help of various modern technologies such as Industrial Internet of Things (IIoT), artificial intelligence, robotics, cloud computing, augmented reality, and big data has led to the rise and proliferation of smart manufacturing.

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Spotlight

Automation is not a new concept in the electronics manufacturing industry. However, the convergence of the digital and physical realms with the help of various modern technologies such as Industrial Internet of Things (IIoT), artificial intelligence, robotics, cloud computing, augmented reality, and big data has led to the rise and proliferation of smart manufacturing.