Skip to content
Search AI Powered

Latest Stories

Pitney Bowes boosts investment in robotic picking vendor

Parcel company had previously committed $23 million over four years for Ambi Robotics’ sorting system, now joins additional venture round.

ambi Screen Shot 2022-10-17 at 1.29.05 PM.png

Pitney Bowes is increasing its investment in one of its robotics system vendors, the logistics tech startup Ambi Robotics, which provides artificial intelligence (AI) that trains robots for parcel sortation, the company said today.

The new funding is part of a $32 million venture capital round for Berkeley, California-based Ambi that includes backing from previous investors Tiger Global and Bow Capital, as well as the technology investment firm Ahren and Pitney Bowes. Details of each partner’s share in the round were not provided.


“Ambi Robotics is an important part of an innovation strategy that is helping Pitney Bowes improve service to our clients and efficiently grow our global e-commerce business,” Gregg Zegras, EVP and president for global e-commerce at Pitney Bowes, said in a release.

The money follows news in March that Pitney Bowes had committed $23 million over four years in Robot as a Service (RaaS) fees for Ambi’s AmbiSort robotic sorting solution. And in 2021, Ambi had landed $26 million in a “series A” funding round.

Powered by those deals, Ambi is currently completing a total of more than 80 installations of its AmbiSort A-Series parcel sorting solutions across the U.S. to empower warehouse workers with automated sorting systems amid the rise of constant commerce demand, the firm said.

The company says its AmbiSort system is a sorting solution that combines robotic picking, item analysis, and quality control with a “soft-touch” end effector that handles boxes, flats, polybags, and other deformable or rigid items. That approach allows each warehouse associate to work alongside three to four AmbiSort A-Series systems, increasing the average throughput-per-employee compared to designs that assign each worker to a single put-wall.

“Consumer shopping behavior is demanding a more modern warehouse. The strains of surging parcel volume shouldn’t rest on the shoulders of the supply chains’ most valued asset—people,” Jim Liefer, CEO of Ambi Robotics, said in a release.

Pitney’s deal follows recent moves by several other large logistics players to invest in—or acquire outright—their warehouse tech vendors. In October, Walmart bought Alert Innovation, a provider of robotic shuttle-based automated storage and retrieval systems (AS/RS). And in 2019, Shopify bought the autonomous mobile robot (AMR) maker 6 River Systems.




  

Recent

More Stories

Just 29% of supply chain organizations are prepared to meet future readiness demands

Just 29% of supply chain organizations are prepared to meet future readiness demands

Just 29% of supply chain organizations have the competitive characteristics they’ll need for future readiness, according to a Gartner survey released Tuesday. The survey focused on how organizations are preparing for future challenges and to keep their supply chains competitive.

Gartner surveyed 579 supply chain practitioners to determine the capabilities needed to manage the “future drivers of influence” on supply chains, which include artificial intelligence (AI) achievement and the ability to navigate new trade policies. According to the survey, the five competitive characteristics are: agility, resilience, regionalization, integrated ecosystems, and integrated enterprise strategy.

Keep ReadingShow less

Featured

screen shot of returns apps on different devices

Optoro: 69% of shoppers admit to “wardrobing” fraud

With returns now a routine part of the shopping journey, technology provider Optoro says a recent survey has identified four trends influencing shopper preferences and retailer priorities.

First, 54% of retailers are looking for ways to increase their financial recovery from returns. That’s because the cost to return a purchase averages 27% of the purchase price, which erases as much as 50% of the sales margin. But consumers have their own interests in mind: 76% of shoppers admit they’ve embellished or exaggerated the return reason to avoid a fee, a 39% increase from 2023 to 204.

Keep ReadingShow less
robots carry goods through a warehouse

Fortna: rethink your distribution strategy for 2025

Facing an evolving supply chain landscape in 2025, companies are being forced to rethink their distribution strategies to cope with challenges like rising cost pressures, persistent labor shortages, and the complexities of managing SKU proliferation.

But according to the systems integrator Fortna, businesses can remain competitive if they focus on five core areas:

Keep ReadingShow less
shopper uses smartphone in retail store

EY lists five ways to fortify omnichannel retail

In the fallout from the pandemic, the term “omnichannel” seems both out of date and yet more vital than ever, according to a study from consulting firm EY.

That clash has come as retailers have been hustling to adjust to pandemic swings like a renewed focus on e-commerce, then swiftly reimagining store experiences as foot traffic returned. But even as the dust settles from those changes, retailers are now facing renewed questions about how best to define their omnichannel strategy in a world where customers have increasing power and information.

Keep ReadingShow less
artistic image of a building roof

BCG: tariffs would accelerate change in global trade flows

Geopolitical rivalries, alliances, and aspirations are rewiring the global economy—and the imposition of new tariffs on foreign imports by the U.S. will accelerate that process, according to an analysis by Boston Consulting Group (BCG).

Without a broad increase in tariffs, world trade in goods will keep growing at an average of 2.9% annually for the next eight years, the firm forecasts in its report, “Great Powers, Geopolitics, and the Future of Trade.” But the routes goods travel will change markedly as North America reduces its dependence on China and China builds up its links with the Global South, which is cementing its power in the global trade map.

Keep ReadingShow less