The Robot Report

  • Home
  • News
  • Technologies
    • Batteries / Power Supplies
    • Cameras / Imaging / Vision
    • Controllers
    • End Effectors
    • Microprocessors / SoCs
    • Motion Control
    • Sensors
    • Soft Robotics
    • Software / Simulation
  • Development
    • Artificial Intelligence
    • Human Robot Interaction / Haptics
    • Mobility / Navigation
    • Research
  • Robots
    • AGVs
    • AMRs
    • Consumer
    • Collaborative Robots
    • Drones
    • Humanoids
    • Industrial
    • Self-Driving Vehicles
    • Unmanned Maritime Systems
  • Business
    • Financial
      • Investments
      • Mergers & Acquisitions
      • Earnings
    • Markets
      • Agriculture
      • Healthcare
      • Logistics
      • Manufacturing
      • Mining
      • Security
    • RBR50
      • RBR50 Winners 2025
      • RBR50 Winners 2024
      • RBR50 Winners 2023
      • RBR50 Winners 2022
      • RBR50 Winners 2021
  • Resources
    • Automated Warehouse Research Reports
    • Digital Issues
    • eBooks
    • Publications
      • Automated Warehouse
      • Collaborative Robotics Trends
    • Search Robotics Database
    • Videos
    • Webinars / Digital Events
  • Events
    • RoboBusiness
    • Robotics Summit & Expo
    • DeviceTalks
    • R&D 100
    • Robotics Weeks
  • Podcast
    • Episodes
  • Advertise
  • Subscribe

Berkshire Grey raises $263M to fuel global expansion of logistics robotics

By The Robot Report Staff | January 21, 2020

berkshire grey funding

Image: Berkshire Grey

LEXINGTON, Mass. – Berkshire Grey, which develops automation solutions for retail, e-commerce, and logistics fulfillment operations, announced today it raised $263 million in Series B financing. Participants in the round include SoftBank, Khosla Ventures, New Enterprise Associates, and Canaan.

The company said the new funding will support Berkshire Grey’s global expansion, acquisitions, and team growth. The company’s robotics solutions aim to accelerate the transformation of customers’ logistics operations to address consumer expectations, labor shortages, and competitive pressures.

Berkshire Grey develops intelligent robotic systems that automate tasks “never before performed by machines in commercial settings.” The solutions can automatically pick, pack, and sort individual items, inner packs, cases, and parcels to automate omni-channel warehouse and distribution operations, the company said. With technologies such as artificial intelligence, computer vision, machine learning, advanced sensing, novel gripping, and robotics, the company said it can handle “the broadest assortment of products, packaging, and parcels – and all while continuously improving speed and performance through autonomous learning.”

Improving efficiency, optimizing labor costs

The company said its customers typically can optimize picking labor costs in break pack and e-commerce operations by 70% to 80%, and improve throughput by 25% to 35%, when implementing its solutions.

“Our customers from leading enterprises in retail, e-commerce, and logistics are selecting Berkshire Grey as a competitive differentiator,” said Tom Wagner, Ph.D., founder and CEO of Berkshire Grey. “With our intelligent robotic automation, our clients see faster and more efficient supply chain operations that enable them to address the wants of today’s savvy consumer.”

Berkshire Grey emerged from stealth mode in December 2018, announcing that it was quietly deploying “game-changing AI-enabled robotics solutions” at Global 100 retailers and logistics companies looking to transform their omni-channel fulfillment. Earlier this month, the company announced the appointment of Craig Hattabaugh as vice president and general manager, SCG. Previously, Hattabaugh was the CEO of CIMCON Software, and also served as senior vice president for the analytic business unit of TIBCO Software.

“Every dimension of our business is expanding, including strategic customers, employees, our technology portfolio and geographic coverage,” said Wagner. “Bringing in an experienced executive like Craig is a key part of sustaining our customer’s success. Craig’s proven track record in scaling high technology businesses is a great fit, at the right time and all of the team here at Berkshire Grey welcomes him.”

Editor’s note: This post appeared originally on our sister site, Robotics Business Review.

Tell Us What You Think! Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles Read More >

Parkhotel employees in Eisenstadt, Austria, celebrate the arrival of Pudu service robots.
Pudu Robotics CEO predicts that service robot market will expand
Meet the RBR50 Robotics Innovation Awards Winners
Picking robot shipments graph.
Over 150,000 picking robots to be installed by 2030
How to use simulation for developing robots

RBR50 Innovation Awards

“rr
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest info on technologies, tools and strategies for Robotics Professionals.
The Robot Report Listing Database

Latest Episode of The Robot Report Podcast

Automated Warehouse Research Reports

Sponsored Content

  • Sager Electronics and its partners, logos shown here, will exhibit at the 2025 Robotics Summit & Expo. Sager Electronics to exhibit at the Robotics Summit & Expo
  • The Shift in Robotics: How Visual Perception is Separating Winners from the Pack
  • An AutoStore automated storage and retrieval grid. Webinar to provide automated storage and retrieval adoption advice
  • Smaller, tougher devices for evolving demands
  • Modular motors and gearboxes make product development simple
The Robot Report
  • Automated Warehouse
  • RoboBusiness Event
  • Robotics Summit & Expo
  • About The Robot Report
  • Subscribe
  • Contact Us

Copyright © 2025 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search The Robot Report

  • Home
  • News
  • Technologies
    • Batteries / Power Supplies
    • Cameras / Imaging / Vision
    • Controllers
    • End Effectors
    • Microprocessors / SoCs
    • Motion Control
    • Sensors
    • Soft Robotics
    • Software / Simulation
  • Development
    • Artificial Intelligence
    • Human Robot Interaction / Haptics
    • Mobility / Navigation
    • Research
  • Robots
    • AGVs
    • AMRs
    • Consumer
    • Collaborative Robots
    • Drones
    • Humanoids
    • Industrial
    • Self-Driving Vehicles
    • Unmanned Maritime Systems
  • Business
    • Financial
      • Investments
      • Mergers & Acquisitions
      • Earnings
    • Markets
      • Agriculture
      • Healthcare
      • Logistics
      • Manufacturing
      • Mining
      • Security
    • RBR50
      • RBR50 Winners 2025
      • RBR50 Winners 2024
      • RBR50 Winners 2023
      • RBR50 Winners 2022
      • RBR50 Winners 2021
  • Resources
    • Automated Warehouse Research Reports
    • Digital Issues
    • eBooks
    • Publications
      • Automated Warehouse
      • Collaborative Robotics Trends
    • Search Robotics Database
    • Videos
    • Webinars / Digital Events
  • Events
    • RoboBusiness
    • Robotics Summit & Expo
    • DeviceTalks
    • R&D 100
    • Robotics Weeks
  • Podcast
    • Episodes
  • Advertise
  • Subscribe