Skip to content
Search AI Powered
Human content, AI powered search.

Latest Stories

ForwardX Robotics gains an additional $30 million for its AMRs and orchestration software

Backing brings firm to $61 million for “series C” venture round

forwardx Screen Shot 2023-07-18 at 1.55.38 PM.jpg
Supply Chain Quarterly Staff
By Supply Chain Quarterly StaffJul 18, 2023
Supply Chain Quarterly Staff
See Full Bio

Autonomous mobile robot (AMR) vendor ForwardX Robotics has landed an additional $30 million for its latest venture capital round, positioning it to accelerate the company's growth and expand its presence across the globe, ForwardX said.

The California-based firm said the latest cash brings its “series C” round to $61 million and its total raised to about $140 million since its founding in 2016. The company completed its $38 million “series B” round in 2021. The latest investors were not identified.

ForwardX claims to be “the globe's number two provider of assisted picking and material handling solutions,” based on its over 150 commercial projects and deployment of 3,000 robots across four continents. The company’s products combine vision-based AMR technology with an orchestration engine for end-to-end automation.

In the warehousing and logistics space, ForwardX covers each picking, case picking, and hybrid picking workflows. Its f(x) Fleet Manager commands fleets of hundreds of AMRs and Apex autonomous forklifts, the company says.

"Our success in securing this funding reflects the positive momentum we have built over the past few years. ForwardX Robotics has experienced substantial growth across key markets, and we are excited to expand our footprint globally. This funding will propel our efforts to supply solutions to our partners and end users in North America, Europe, Asia, and Australia," CEO Nicolas Chee said in a release.

 

 

ArticleMoveStoreTechnologyTech & Infrastructure
forwardx robotics
ArticleMoveStoreTechnologyTech & Infrastructure
forwardx robotics

Recent

Report: Supply chain redesigns should focus on balance, speed, and strength
Featured

Report: Supply chain redesigns should focus on balance, speed, and strength

Roboteon announces breakthrough simulation capability for mobile robots in distribution
Industry Press Room

Roboteon announces breakthrough simulation capability for mobile robots in distribution

More Stories

AI image of a dinosaur in teacup

Amazon to release new generation of AI models in 2025

Logistics and e-commerce giant Amazon says it will release a new collection of AI tools in 2025 that could “simplify the lives of shoppers, sellers, advertisers, enterprises, and everyone in between.”

The launch is based on “Amazon Nova,” the company’s new generation of foundation models, the company said in a blog post. Data scientists use foundation models (FMs) to develop machine learning (ML) platforms more quickly than starting from scratch, allowing them to create artificial intelligence applications capable of performing a wide variety of general tasks, since they were trained on a broad spectrum of generalized data, Amazon says.

Keep ReadingShow less

Featured

An GenAI illustration of a cargo plane taking off into a sunlit sky over a port with containers piled high and cranes an cargo ships. In the sky there is an illustration of connected dots of light like a circuit board.
Move

Airfreight: Flying high

drones delivering boxes
Industry Press Room

Report: Exploring the rapidly evolving supply chain landscape

photo of worker at port tracking containers
Plan

Trump tariff threat strains logistics businesses

Plan

Starbucks adds risk management program to help protect its supply chain

Logistics economy continues on solid footing
Logistics Managers' Index

Logistics economy continues on solid footing

Economic activity in the logistics industry expanded in November, continuing a steady growth pattern that began earlier this year and signaling a return to seasonality after several years of fluctuating conditions, according to the latest Logistics Managers’ Index report (LMI), released today.

The November LMI registered 58.4, down slightly from October’s reading of 58.9, which was the highest level in two years. The LMI is a monthly gauge of business conditions across warehousing and logistics markets; a reading above 50 indicates growth and a reading below 50 indicates contraction.

Keep ReadingShow less
chart of top business concerns from descartes

Descartes: businesses say top concern is tariff hikes

Business leaders at companies of every size say that rising tariffs and trade barriers are the most significant global trade challenge facing logistics and supply chain leaders today, according to a survey from supply chain software provider Descartes.

Specifically, 48% of respondents identified rising tariffs and trade barriers as their top concern, followed by supply chain disruptions at 45% and geopolitical instability at 41%. Moreover, tariffs and trade barriers ranked as the priority issue regardless of company size, as respondents at companies with less than 250 employees, 251-500, 501-1,000, 1,001-50,000 and 50,000+ employees all cited it as the most significant issue they are currently facing.

Keep ReadingShow less
diagram of blue yonder software platforms

Blue Yonder users see supply chains rocked by hack

Grocers and retailers are struggling to get their systems back online just before the winter holiday peak, following a software hack that hit the supply chain software provider Blue Yonder this week.

The ransomware attack is snarling inventory distribution patterns because of its impact on systems such as the employee scheduling system for coffee stalwart Starbucks, according to a published report. Scottsdale, Arizona-based Blue Yonder provides a wide range of supply chain software, including warehouse management system (WMS), transportation management system (TMS), order management and commerce, network and control tower, returns management, and others.

Keep ReadingShow less
office workers using GenAI

Companies feel growing pressure to invest in GenAI

In a rush to remain competitive, companies are seeking new ways to apply generative AI, expanding it from typical text-based applications to new uses in images, audio, video, and data, according to a report from the research and advisory firm Information Services Group (ISG).

A growing number of organizations are identifying ways to use GenAI to streamline their operations and accelerate innovation, using that new automation and efficiency to cut costs, carry out tasks faster and more accurately, and foster the creation of new products and services for additional revenue streams. That was the conclusion from ISG’s “2024 ISG Provider Lens global Generative AI Services” report.

Keep ReadingShow less
Copyright ©2024.