Berkshire Grey

Intelligent robotic automation for logistics

Bedford, Massachusetts, United States

About Berkshire Grey

Berkshire Grey specializes in intelligent robotic automation for retail, eCommerce, package handling, and logistics companies. Its solutions automate manual supply chain tasks like identifying, picking, sorting, packing, and moving items, effectively managing nearly all eCommerce stock keeping units (SKUs). This automation addresses labor availability issues, allowing employees to focus 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. A notable partnership with FedEx Ground highlights its capability to work with major industry players. The company's solutions can reduce operational costs by up to 70% and increase throughput by 25% to 50%, aiming to enhance customer experiences while minimizing time and costs in order fulfillment.

Bedford, MassachusettsHeadquarters
2013Year Founded
$429.5MTotal Funding
IPOCompany Stage
Robotics & Automation, Automotive & Transportation, Industrial & ManufacturingIndustries
201-500Employees

Risks

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.

Differentiation

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.

Upsides

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.

Funding

Total raised$429.46 M
Latest valuation$375.00 M
StageIPO
ACQUISITION
2/28/2023
$375
$375.00 M
$250
$2.70 B
$165
$2.70 B
$14
$67.50 M