SoftBank has led a $263m series B round for Berkshire Grey, an automation services provider that emerged from stealth just over a year ago.
US-based robotic fulfilment systems developer Berkshire Grey secured $263m in a series B round yesterday led by internet and telecommunications conglomerate SoftBank.
Khosla Ventures, New Enterprise Associates and Canaan also contributed to the round.
Berkshire Grey has developed technology that combines robotics and artificial intelligence to automate retail, e-commerce and logistics fulfilment. Applications include sorting small packages for online businesses and just-in-time stock replenishment for stores.
The money will support global expansion efforts and drive recruitment. The company will also…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
