Reported about 1 month ago
Amazon.com Inc. is set to hire the founders of Covariant, a robot-software company, as part of an 'acquihire' strategy aimed at enhancing its warehouse automation capabilities. The tech giant will integrate Covariant's executives and approximately 25% of its staff, acquiring a non-exclusive license to the company's robotic models in the process. Covariant's software is utilized by various organizations, including Otto Group and McKesson Corp., indicating Amazon's continued focus on optimizing its logistics and fulfillment operations.
Source: YAHOO