UPDATED 21:44 EDT / APRIL 10 2019

EMERGING TECH

Amazon buys warehouse robotics startup Canvas Technology

Amazon.com Inc. has acquired a Boulder, Colorado-based robotics startup called Canvas Technology that builds autonomous vehicles for industrial purposes.

More specifically, Canvas makes autonomous, self-driving carts for use in warehouses. The carts are said to employ “spacial artificial intelligence” and advanced imaging cameras that help them to navigate their way through busy warehouses and depots without the need for a human driver.

The technology therefore fits well with Amazon, which has for years been pushing to automate as much of its warehouse operations as it possibly can. That effort began with Amazon’s $775 million acquisition in 2012 of another robotics firm, Kiva Systems. Kiva’s shelving robots are now believed to be an integral part of Amazon’s fulfillment centers.

Amazon has previously invested in self-driving car technology as well, so that could be a second motivation for buying Canvas. Most recently, Amazon participated in a $530 million funding round in the secretive driverless car startup Aurora Innovation Inc.

Amazon confirmed today that it acquired Canvas in a statement to TechCrunch, though it didn’t reveal how much it paid.

“We are inspired by Canvas Technology’s innovations, and share a common vision for a future where people work alongside robotics to further improve safety and the workplace experience,” Amazon said in a statement. “We look forward to working with Canvas Technology’s fantastic team to keep inventing for customers.”

Photo: Amazon/YouTube

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