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Amazon backs Israeli autonomous robot maker BionicHIVE for warehouse solution

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E-commerce giant Amazon has invested in Israeli robotics company BionicHIVE, the developer of an automated warehouse solution based on a fleet of synchronized autonomous robots, the companies announced Thursday.

BionicHIVE makes the SqUID, a robotic device powered by an AI-based algorithmic engine that can sort, select, and put away packages, navigate warehouse floors using in-built cameras and sensors, and move between people and objects. The company says the SqUID robots are deployed in a “wide range of supply chain facilities utilizing existing shelving racks and boxes.”

A video of the robots in action caught the eye last year of business magnate Elon Musk, of SpaceX, Tesla and other companies and interests, who tweeted that “the robot future is coming.”

Based in the southern Israeli town of Sderot, BionicHIVE has been bootstrapped since 2014 when it was founded by entrepreneurs Liran Raizer, Tomer Amit, and Ilan Reingold.

Although the amount was not disclosed, Amazon’s investment marks the company’s first big-name backer.

The multinational tech, commerce, streaming, and cloud computing company made the investment through the newly launched Amazon Industrial Innovation Fund, a $1 billion fund announced Thursday that is set to........

© The Times of Israel

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