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fetchrobotics.com

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Stage

Acquired | Acquired

Total Raised

$94M

Valuation

$0000 

Revenue

$0000 

About Fetch Robotics

Fetch Robotics is an intralogistics automation company combining mobile robotics with the cloud. The Fetch Cloud Robotics Platform provides on-demand automation solutions for material handling and inventory management, and tools to find, track, and move almost anything in any facility.On July 1st, 2021, Fetch Robotics was acquired by Zebra Technologies at a valuation of $305.26M.

Fetch Robotics Headquarter Location

2811 Orchard Parkway

San Jose, California, 95134,

United States

408-300-9056

Latest Fetch Robotics News

10 notable acquisitions in 2021

Dec 23, 2021

The Robot Report Listen to this article This year, we covered over 50 mergers, acquisitions and SPAC deals worth billions of dollars. Here are 10 acquisition stories, in chronological order, on The Robot Report that stood out to us this year. Subscribe to  The Robot Report Newsletter  or listen to  The Robot Report Podcast to stay updated on the robotics stories you need to know about. For all the mergers and acquisitions, check out our special section. 1. Hyundai acquires Boston Dynamics While the deal was technically announced at the end of 2020, it wasn’t finalized until June, so we’re going to let this one slide. It’s hard to look back on the last year in robotics and not think about how it started. Hyundai spend $880 million for 80% of Boston Dynamics, a company that has been passed between a few different hands in the last decade. In 2013, it was bought by Google, and then sold to Softbank in 2017. Softbank maintained a 20% stake in the company after the acquisition. Boston Dynamics often gains a lot of attention for the way that it has pushed the boundaries of the robotics industry, from Spot the robotic dog to Atlas. However, there’s been a question about how commercially viable the company is. Six months before the acquisition was announced, Spot became commercially available. In that time, Boston Dynamics had sold about 400 robots. Read Story 2. Teledyne acquires FLIR Just a few days into the new year, Teledyne announced that it would acquire FLIR for $8 billion in a cash-and-stock deal that gave Teledyne an opportunity to beef up its product portfolio. While the two companies had similar product offerings, like sensor systems, cameras and unmanned systems, there wasn’t much overlap between the two. The sensors were build on different semiconductor technologies for different wavelengths, and Teledyne created unmanned systems for maritime drones, while FLIR makes them for aerial drones and ground vehicles. The combined companies have an edge in the unmanned vehicle field, as it can produce the sensors and cameras for its systems in-house. Read Story 3. Vicarious Surgical SPAC deal Special purpose acquisition company (SPAC) deals seemed to be its own trend in 2021, as several robotics companies went public through SPACs throughout the year. Vicarious stands out among them because of the company’s presence in the surgical robotics space. Vicarious is among a dozen companies that are major players in the robot-assisted surgery field. In the $1.1 billion deal, Vicarious merged with Hong Kong based D8 Holdings. Other important players in the field, like former Medtronic CEO Omar Ishrak, former Verb Surgical and Volcano Corp. CEO Scott Huenneken and former iRythm COO Karim Karti, are chairing their own SPACs. Read Story 4. Ondas acquires American Robotics At the beginning of 2021, American Robotics made news by becoming the first company that the Federal Aviation Administration (FAA) had approved to fly drones beyond-visual-line-of-sight without a human operator on the ground. This approval could have brought Ondas’ attention. In 2017, American Robotics was the first resident of MassRobotics, the Boston-based non-profit organization serving as the innovation hub for robotics and connected devices. The company’s fully-automated commercial drone system Scout is designed for data gathering applications in industrial, agricultural and governmental settings. The acquisition bodes well for the drone industry as a whole. Read Story 5. Zebra Technologies acquires Fetch Robotics July saw four major acquisitions that made it on to this list, Zebra Technologies acquiring Fetch Robotics being the first. The $290 million acquisition makes Zebra a one-stop-shop for warehouse technology needs. Fetch Robotics develops autonomous mobile robots (AMRs), the product missing from Zebra’s offering. AMRs saw a lot of growth in 2021, particularly in acquisitions. Read Story 6. Aurora SPAC deal In a SPAC deal with Reinvent Technology Partners Y, Aurora went public. The combined company, Aurora Innovation Inc, was valued at $13 billion after the merger. Aurora develops an L4 autonomous driving system for robotaxis and semi trucks. Aurora continues the SPAC trend, as well as a trend of autonomous vehicle companies going public, like Embark, Plus and TuSimple. Prior to the acquisition, Aurora acquired Uber’s self-driving division. Read Story 7. Novanta acquires ATI Industrial Automation Novanta acquired ATI Industrial Automation for $172 million less than a week after Novanta acquired Schneider Electric Motion USA for $115 million. The acquisition expands Novanta’s presence in the robotics industry, and increases its customer base and IP portfolio. ATI develops end-of-arm tooling like robotic changing systems, force/torque sensors, and collision sensors for industrial, collaborative and medical robotic applications. Novanta is a supplier of technology solutions for medical and advanced equipment manufacturers, but didn’t have any end-of-arm tooling in its portfolio. Read Story 8. ABB acquires ASTI Mobile Robots Like Zebra Technology’s acquisition of Fetch Robotics, this $190 million acquisition is an example of an establish robotics company adding AMRs to its portfolio. ABB already produced industrial and collaborative robots, but was one of the biggest robotics providers at the time that didn’t have an AMR. ABB is the fourth biggest robotics provider in the world. The acquisition gives ASTI the opportunity to expand its customer base from 20 to over 50 companies. Prior to the acquisition, ASTI made $50 million a year, and was growing 30% annually. Read Story 9. Locus Robotics acquires Waypoint Robotics Unlike ABB or Zebra Technology, Locus Robotics was already an AMR producer when it acquired fellow AMR company Waypoint Robotics. However, Waypoint’s AMRs were capable of higher payloads than Locus’. Waypoint’s heavy-duty payload capabilities opens up a new market for Locus. That wasn’t the only factor driving the acquisition, however. Jason Walker, CEO and co-founder of Waypoint Robotics, expressed concern that Waypoint could be muscled out of the market by bigger companies producing AMRs. The acquisition gives Waypoint more legitimacy in the industry, as Walker said that companies were concerned about working with a smaller AMR producer. Read Story 10. iRobot acquires Aeris Cleantec AG iRobot is best known for its household vacuuming Roomba robots. However, this acquisition is, according iRobot chairman and CEO Colin Angle, the least robotic thing the company has ever done. iRobot paid $72 million for the Switzerland-based air purifier company. While the acquisition supports iRobot’s smart home focus, and the company plans to add new features and functionality to Aeris’ products, the company seems to be moving away from the household robotics it became famous for. The acquisition is iRobot’s first non-robotics product acquisition, but not it’s first non-robotics product. Earlier in 2021, iRobot introduced its H1 handheld vacuum. Read Story Honorable Mentions It’s hard to pick out only 10 important acquisitions, so here are a few that didn’t quite make the list. In April, Brooks Automation acquired Precise Automation for $70 million, expanding Books’ product line into collaborative robots and automation subsystems. In the same month, Woven Plant Holdings, a Toyota subsidiary, acquired Lyft’s self driving unit, Level 5, for $550 million. This comes after Aurora bought Lyft’s self driving unit in 2020, as companies seem to be realizing that developing autonomous vehicles will be more expensive than they previously thought. Finally, in August, John Deere acquired Bear Flag Robotics for $250 million. Jahmy Hindman, CTO at John Deere, said that the company sees autonomy as an important step forward for farming. About The Author Brianna Wessling Brianna Wessling is an Associate Editor, Robotics, WTWH Media. She joined WTWH Media in November 2021, and is a recent graduate from the University of Kansas. She can be reached at [email protected]

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Research containing Fetch Robotics

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Fetch Robotics in 7 CB Insights research briefs, most recently on Dec 14, 2021.

Expert Collections containing Fetch Robotics

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Fetch Robotics is included in 9 Expert Collections, including In-Store Retail Tech.

I

In-Store Retail Tech

1,394 items

Startups aiming to work with retailers to improve brick-and-mortar retail operations.

S

Supply Chain & Logistics Tech

3,785 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

R

Robotics

1,855 items

This collection includes startups developing autonomous ground robots, unmanned aerial vehicles, robotic arms, and underwater drones, among other robotic systems. This collection also includes companies developing operating systems and vision modules for robots.

A

Advanced Manufacturing

1,088 items

I

Internet of Things ( IoT )

3,149 items

R

Retail Tech 100 (2020)

100 items

The winners of the first annual CB Insights' Retail Tech 100.

Fetch Robotics Patents

Fetch Robotics has filed 37 patents.

The 3 most popular patent topics include:

  • Robotics
  • Robots
  • Transiting exoplanets
patents chart

Application Date

Grant Date

Title

Related Topics

Status

9/3/2019

10/5/2021

Supply chain management, Distribution (business), Manufacturing, Production and manufacturing, Logistics

Grant

Application Date

9/3/2019

Grant Date

10/5/2021

Title

Related Topics

Supply chain management, Distribution (business), Manufacturing, Production and manufacturing, Logistics

Status

Grant

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