Found in Robotics News & Content, with a score of 65.55
October 21, 2019
Shopify Inc., the leading multi-channel commerce platform, today announced that it has completed its acquisition of 6 River Systems, Inc. With this acquisition, Shopify is changing the fulfillment industry. The transaction adds 6 River Systems’ cloud-based software and fleet of collaborative mobile robots called “Chuck” to the Shopify Fulfillment Network, accelerating its growth. The talented 6 River Systems team, with more than 130 employees, brings extensive experience in fulfillment software and robotics to Shopify. This will enable Shopify to help thousands of businesses improve their fulfillment operations, while 6 River Systems will continue to expand its industry-leading solution for warehouses.…
Found in Robotics News & Content, with a score of 59.79
September 10, 2019
Shopify, a leading multi-channel commerce platform, has announced an agreement to acquire 6 River Systems, a leading provider of collaborative warehouse fulfillment solutions. In June, Shopify introduced the Shopify Fulfillment Network, a fulfillment network intended to offer timely deliveries, lower shipping costs, and improve customer experience for merchants and their customers. According to a release, this acquisition is a critical step to accelerate the network’s growth, while 6 River Systems will also continue to build and sell their solution for warehouses. With the acquisition of 6 River Systems, Shopify will add a team with decades of experience in fulfillment software…
Found in Robotics News & Content, with a score of 43.97
September 10, 2019
Earlier this week, Ottawa-based Shopify, a multi-channel commerce platform, announced that it has reached an agreement to acquire Waltham, Mass.-based 6 River Systems, a provider of collaborative warehouse solutions. The purchase price is $450 million, and the acquisition is expected to be made official in the fourth quarter. More than 130 6 River Systems employees will join Shopify as part of the acquisition. Established in 2015, 6 River Systems was founded by Jerome Dubois, Rylan Hamilton, and Chris Caciopppo, with Dubois and Hamilton previously serving on the executive team of Amazon Robotics, which was formerly known as Kiva Systems. 6…
Found in Robotics News & Content, with a score of 41.01
May 04, 2023
…acquire mobile robot provider 6 River Systems LLC from Shopify Inc. The companies did not disclose the financial terms. “We are delighted to welcome new colleagues to the Ocado family,” said James Matthews, CEO of Ocado Technology, in a brief press release. “6 River Systems brings exciting new IP and possibilities to the wider Ocado technology estate, as well as valuable commercial and R&D expertise in non-grocery retail segments.” Hatfield, U.K.-based Ocado Group provides e-commerce order-fulfilment systems to large grocery retailers worldwide. For the past two decades, the company said it has developed robotics, artificial intelligence and machine learning, simulation,…
Found in Robotics News & Content, with a score of 20.60
May 18, 2023
…IAM Robotics' new order-fulfillment system comes just weeks after Shopify announced that it was selling 6 River Systems (6RS) to Ocado. Sources told Robotics 24/7 that Shopify had laid off as much as 85% of 6 River Systems' staff before selling it. Link said that news has probably left some of 6 River Systems' customers wondering what will happen next. He compared the transaction to Amazon purchasing Kiva Systems in 2012 and how much of that technology went in house and was no longer available to customers. “[Customers] are sitting there saying, 'I got my supply chain technology wrapped up…
Found in Robotics News & Content, with a score of 20.19
April 13, 2021
…also announced partnerships with Segway, Knight Foundation, Chick-fil-A, and Shopify. The company said it has built more than 400 Kiwibots and completed more than 150,000 food deliveries to date. Kiwibot is dedicated to developing a safer, more economical, and more environmentally sustainable way to deliver goods, said Felipe Chávez Cortés, co-founder and CEO of Kiwibot. Kiwibot features Kiwibot's next-generation mobile robot was designed from the ground up, with new sensors, artificial intelligence, and other modular features for human-machine interaction. “It was a long process, from defining requirements to production,” said Natalia Pinilla, head of hardware at Kiwibot. She said the…
Found in Robotics News & Content, with a score of 19.56
May 08, 2023
…customers that the market is still evolving. E-commerce provider Shopify Inc. laid off as much as 85% of 6 River Systems' staff prior to selling it to Ocado Group PLC, partly in response to falling customer orders, sources told Robotics 24/7. CEO Tobias Lütke also announced that Shopify was laying off 20% of its total staff and that it was selling Shopify Logistics (formerly Deliverr) to Flexport. AMR market allegedly growing Market research firms have been predicting steady growth. The global market for autonomous mobile robots (AMRs) could expand from $2 billion (U.S.) in 2022 to $9 billion by 2032,…
Found in Robotics News & Content, with a score of 18.38
November 10, 2021
…to building a balanced workforce. Harley Finkelstein, president of Shopify, dove deep into the future of fulfillment and the vision for Shopify and 6 River Systems’ pivotal roles in that future, highlighting trends driving change and identifying opportunities on the horizon. Thierry Driesens, digital transformation officer at DHL; Jeremy Bodenhamer, co-founder and co-CEO of ShipHawk and author of Adapt or Die; and Larry Emmert, vice president of operations at Legend Valve, were panelists for “The Future of Work: Human and Robot Collaboration,” a session covering the progress of technologically influenced labor. Attendees were also able to hear from Jerome Dubois,…
Found in Robotics News & Content, with a score of 15.31
February 13, 2022
…providers. Other retailers, such as Walmart, Best Buy, and Shopify, have gained greater flexibility and visibility into their logistics operations with advanced software and mobile robots. Walmart uses AMRs for floor cleaning and taking inventory. The company also uses warehouse automation and is working on autonomous vehicles and drone deliveries. In 2019, Shopify acquired AMR provider 6 River Systems, but unlike Amazon and Kiva, 6 River Systems continues to sell robots to other customers. Another example is inVia Robotics, which has developed an array of AMRs that can conduct various warehouse tasks, including cycle counting, inventory replenishment, and item verification.…
Found in Robotics News & Content, with a score of 15.12
January 13, 2023
…people. Some other robotics players that have announced layoffs in the past six months include Amazon Robotics, Pudu Robotics, Shopify (parent of 6 River Systems), Nuro Inc., and Starship Technologies.
Found in Robotics News & Content, with a score of 14.00
February 06, 2023
…has more 60 customers including big names such as Shopify, Magento, WooCommerce, OpenCart, Amazon and eBay. It added that it provides “a hybrid picking solution that allows humans and machines to co-deliver a world-class efficiency manual picking operation.” These are the robots being used in the new facility. Source: Geek+ Geek+ robots are picking 3.6 million units per month at facility Geek+ develops robotic systems designed for warehouse use. The autonomous mobile robot maker is based out of Beijing. Geek+ said two of its systems are being used at the facility and are processing 3.6 million orders per month. The…
Found in Robotics News & Content, with a score of 12.74
May 05, 2023
…response to the tough financial market. Yesterday, e-commerce company Shopify announced the sale of mobile robot maker 6 River Systems to Ocado Group. Shopify also said it was laying off 20% of its staff. At the Cascadia Connect, Robotics, Automation, and AI event this week, a group of investors in the robotics industry discussed the economy and their considerations as part of the “ROI in RAAI: Investor Perspectives” panel. The discussion was moderated by Firdaus Pohowalla, a managing director at Cascadia Capital who helps leads the Seattle-based bank's robotics, automation, and AI division. The panel included investors who provide capital…
