Last week Amazon acquired Canvas Technology, an autonomous robotics company designed to automate fulfillment centers.
This is Amazon’s second acquisition of a robotics company deployed in fulfillment centers. The first was Amazon’s March 2012 $775 million acquisition of Kiva Systems, which we had an opportunity to interact with last year in Boston. Amazon reportedly acquired Canvas for over $100 million. Boulder, CO-based Canvas had raised $15 million over three rounds, most recently a Dec. 2017 Series A round with Palo Alto-based Playground Global, an AI-focused VC firm founded by Android and Essential phone founder Andy Rubin.