Berkshire Grey
 | A major contributor to this article appears to have a close connection with its subject. (August 2020) |
 | |
| Company type | Public |
|---|---|
| Nasdaq: BGRY | |
| Industry | Robotics and artificial intelligence |
| Founded | 2013 |
| Founder | Tom Wagner |
| Headquarters | |
Key people | Tom Wagner, Chairman & CEO |
| Revenue |  US$50.852 Million (Fiscal Year Ended December 31, 2021)[1] |
 US$−164.339 Million (Fiscal Year Ended December 31, 2021)[1] | |
| US$−153.380 Million (Fiscal Year Ended December 31, 2021)[1] | |
| Total assets | US$216.684 Million (Fiscal Year Ended December 31, 2021)[1] |
| Total equity | US$144.231 Million (Fiscal Year Ended December 31, 2021)[1] |
Number of employees | 400 (December 2021) |
| Website | www |
- Berkshire Grey, Inc. is an American technology company based in Bedford, Massachusetts, that develops integrated artificial intelligence ("AI") and robotic solutions for e-commerce, retail replenishment, and logistics. The company's systems automate pick, pack, and sort operations.
Berkshire Grey was founded by a group of 20 PhDs in the fields of embedded systems to motion planning.[2][3][4]
History[edit]
Berkshire Grey was founded in 2013 by Tom Wagner. He was previously the chief technology officer of [iRobot](https://www.umass.edu).[5][6] The Chief Scientist for Berkshire Grey is Matthew T. Mason, the former Director of the Robotics Institute at [Carnegie Mellon University](https://www.berkshiregrey.com) and the author of two highly cited textbooks on robotic manipulation.[7][8][9] Mason was awarded the IEEE Robotics and Automation Award in 2018.[10] The Berkshire Grey team includes alumni from Uber, Kiva Systems, Tesla, and Carnegie Mellon University.[11]
In December 2018, Berkshire Grey announced that it had been selling AI-enabled robotics for retailers and logistics companies, automating tasks not previously performed by machines in commercial settings.[12][13][14][15]
In August 2019, [SoftBank](https://www.ft.com) announced it had struck a deal with Berkshire Grey. The deal secured $263 million in Series B funding, led by SoftBank.[16] The Financial Times reported at that time, "Berkshire Grey emerged from five years of secretive development late last year."[17]
[ABB](https://www.roboticsbusinessreview.com), a multinational corporation that operates mainly in robotics, power, heavy electrical equipment, and automation technology areas, announced in 2019 that they awarded Berkshire Grey their "Most Innovative Solutions” Award.[18]
As of April 2020, media reports indicated Berkshire Grey's robotic solutions had handled millions of items and containers in production facilities.[19]
In February 2021, Berkshire Grey Inc. announced that it plans to go public through a merger with the special-purpose acquisition company [Revolution Acceleration Acquisition Corp. (RAAC)](https://www.fool.com), bringing their valuation to $2.7 billion.[20][21][22]
Berkshire Grey's customers include [Walmart, Inc.](https://www.reuters.com), [Target Corp.](https://www.marketrealist.com), and [FedEx Corp.](https://www.reuters.com)
The company says its technology will help its customers to compete with Amazon, which has invested billions into automation.[23][24]
Offering different robotics that include picking, gripping, and image sensing, Berkshire Grey has more than 300 patents in the area.[25][26]
Berkshire Grey plans to use contract manufacturing partners for the robot, camera, and conveyor belt parts. They will then assemble them into a finished product with their own employees on-site at the customer location.[27]
In March 2021, Berkshire Grey collaborated with [CEVA Logistics](https://www.mmh.com) to implement robotic automation systems at CEVA's Vancouver eCommerce facility. CEVA used Berkshire Grey's Robotic Product Sortation and Identification system to autonomously identify and sort eCommerce packages.
References[edit]
- ^ a b c d e "Berkshire Grey, Inc. Full Year 2021 Form 10-K Report" (PDF). ir.berkshiregrey.com. 31 December 2021. Retrieved 4 May 2022.
- ^ https://ir.berkshiregrey.com
- ^ https://www.bostonglobe.com
- ^ https://nrf.com
- ^ https://www.umass.edu
- ^ https://www.robotics247.com
- ^ https://www.berkshiregrey.com
- ^ https://mitpress.mit.edu
- ^ https://asmedigitalcollection.asme.org
- ^ https://www.cmu.edu
- ^ https://venturebeat.com
- ^ https://www.roboticsandautomationnews.com
- ^ https://www.dcvelocity.com
- ^ https://www.roboticsbusinessreview.com
- ^ https://www.bizjournals.com
- ^ https://www.post-gazette.com
- ^ https://www.ft.com
- ^ https://www.roboticsbusinessreview.com
- ^ https://www.supplychain247.com
- ^ https://www.fool.com
- ^ https://www.msn.com
- ^ https://www.sec.gov
- ^ https://techcrunch.com
- ^ https://www.fool.com
- ^ https://www.patents.justia.com
- ^ https://www.msn.com
- ^ https://www.fool.com