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Kiva Systems

kivasystems.com

Founded Year

2003

Stage

Acquired | Acquired

Total Raised

$16.5M

Valuation

$0000 

Revenue

$0000 

About Kiva Systems

Kiva Systems designs and manufactures mobile robots used for order fulfillment in distribution warehouses. Its clients include Walgreen's and Zappos.In March 2012, Kiva Systems was acquired by Amazon. The valuation of Kiva Systems was $775 million.

Headquarters Location

225 Wildwood Avenue

Woburn, Massachusetts, 01801,

United States

781-221-4640

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Research containing Kiva Systems

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

CB Insights Intelligence Analysts have mentioned Kiva Systems in 1 CB Insights research brief, most recently on Aug 10, 2022.

Expert Collections containing Kiva Systems

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

Kiva Systems is included in 2 Expert Collections, including Supply Chain & Logistics Tech.

S

Supply Chain & Logistics Tech

4,405 items

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

R

Robotics

1,974 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.

Kiva Systems Patents

Kiva Systems has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

9/24/2010

10/2/2012

Inventory, Dracula, Single-player video games, Manufacturing, Adventure games

Grant

Application Date

9/24/2010

Grant Date

10/2/2012

Title

Related Topics

Inventory, Dracula, Single-player video games, Manufacturing, Adventure games

Status

Grant

Latest Kiva Systems News

Locus Robotics raises $117M for autonomous mobile robots

Nov 29, 2022

Listen to this article Locus Robotics raised another $117 million in funding for its autonomous mobile robots (AMRs) that are used in fulfillment and distribution warehouses. The Series F funding round was led by Goldman Sachs Asset Management and G2 Venture Partners. As part of the financing, Mark Midle, Managing Director, Goldman Sachs, and Zach Barasz, Partner, G2 Venture Partners, will join the Locus board of directors. Locus’ range of AMRs is made up of Origin, the company’s flagship AMR that can operate for 14 hours on a single charge and has a payload capacity of 80 lbs, Vector, an AMR with a 600 lb payload capacity, and Max, the company’s heaviest capacity AMR with a 3,000 lb payload limit. Locus acquired Waypoint Robotics in 2021, another AMR company whose portfolio of heavier capacity AMRs complemented Locus’. The Vector and the Max were originally Waypoint robots before the acquisition. The Locus AMRs are available through a Robotics as a Service (RaaS) model . This model not only allows the company to deploy more quickly, but it also gives the company the ability to step in if a robot isn’t operating properly. This RaaS model requires a lot of capital to be done properly, which partially explains why Locus continues to raise funding. “The RaaS model allows us to send more bots if a customer needs it,” Kait Peterson, senior director of product marketing at Locus, recently told The Robot Report. “So, for example, in peak timeframe, when a customer’s volume goes up significantly, we can send additional bots to the customer site to allow them to handle that additional capacity in their warehouse, and then they can send them back once they’re done using them, or they can keep them, either way.” Wilmington, Mass.-based Locus Robotics has now raised $422 million since it was founded in 2014. The company spun out of Quiet Logistics, a third-party logistics provider (3PL) that was at one time a customer of Kiva Systems. Shortly after Amazon acquired Kiva for $775 million in 2012, Amazon stopped supporting the robots for third-party customers. So Quiet Logistics developed its on mobile robots, which eventually turned into Locus Robotics. “This new round of funding marks an important inflection point for Locus Robotics as we look toward our next stage of growth, and we strategically chose to bring in investors with a wealth of experience in both public and private markets to advise us as we continue our journey,” said Rick Faulk, CEO, Locus Robotics. “As the rapid digital transformation of the supply chain continues, warehouses increasingly seek flexible, intelligent robotics automation to improve productivity and grow their operations, despite ongoing labor shortages and exploding order volumes.”  Growing customer base Locus has more than 90 customers worldwide, including CEVA Logistics, DHL, Material Bank, Boots UK, GEODIS , Ryder, Verst Logistics, Radial and others. In September 2022, Locus reached a major milestone with its 1 billionth pick . It took Locus 1,542 days to pick its first 100 million units and just 40 days for the last 100 million picks. Locus robots now average more than three million picks per day around the world. “Our 5-year partnership with Locus has enabled DHL to deliver more resilient, flexible, and scalable supply chain solutions to our customers to support faster delivery, improve operational efficiency, and reduce employee workloads,” said Sally Miller, CIO of DHL Supply Chain North America. “In that time, Locus’s ability to integrate groundbreaking technologies into our operations seamlessly and in a targeted way has been a tremendous success for our customers’ supply chains.” Miller was recently a guest on The Robot Report Podcast, and she keynoted our RoboBusiness event . She discussed DHL’s partnership with Locus at length on the podcast, and detailed how DHL is using other robots such as Boston Dynamics’ Stretch. You can listen to that podcast here . “Locus has established itself as an innovative, high-quality market leader for flexible automation in the massive warehouse fulfillment and distribution market,” said Midle. “Our investment reflects our view that Locus has the product offering and the operational excellence required to meet and exceed the market challenges posed by today’s dynamic economic environment.” Locus said it has more than 230 sites under contract around the world, with some having as many as 500 LocusBots per site. “As order volumes continue to increase and labor shortages persist worldwide, robotics automation is now a must-have for warehouse operators,” said Ash Sharma, managing director, Interact Analysis. “Locus is uniquely positioned as a leader in digital transformation in this enormous global market as warehouse operators increasingly focus on scalability, fast ROI, and ease of deployment.” Also participating in the Series F round were Stack Capital Group, Next47, Stafford Capital Partners, HESTA, Newton Investment Management North America, Gray’s Creek Capital, Silicon Valley Bank, Hercules Capital, Inc., BOND, and Scale Venture Partners. About The Author Steve Crowe Steve Crowe is Editorial Director, Robotics, WTWH Media, and co-chair of the Robotics Summit & Expo. He joined WTWH Media in January 2018 after spending four-plus years as Managing Editor of Robotics Trends Media. He can be reached at [email protected]

Kiva Systems Frequently Asked Questions (FAQ)

  • When was Kiva Systems founded?

    Kiva Systems was founded in 2003.

  • Where is Kiva Systems's headquarters?

    Kiva Systems's headquarters is located at 225 Wildwood Avenue, Woburn.

  • What is Kiva Systems's latest funding round?

    Kiva Systems's latest funding round is Acquired.

  • How much did Kiva Systems raise?

    Kiva Systems raised a total of $16.5M.

  • Who are the investors of Kiva Systems?

    Investors of Kiva Systems include Amazon, Meakem Becker Venture Capital, Bain Capital Ventures and Gold Hill Capital.

  • Who are Kiva Systems's competitors?

    Competitors of Kiva Systems include Locus Robotics, Soft Robotics, Attabotics, Alert Innovation, Geek+, Symbotic, GreyOrange, Magazino, RightHand Robotics, TakeOff Technologies and 19 more.

Compare Kiva Systems to Competitors

Scallog Logo
Scallog

Scallog offers an automated robotic solution for distribution in order to make warehouses more scalable and efficient.

GreyOrange Logo
GreyOrange

GreyOrange is a global technology company unifying AI-driven software and mobile robotics to modernize order fulfillment and optimize warehouse operations in real-time. The GreyOrange Fulfillment Operating System is a fully integrated software and robots solution that uses advanced fulfillment science to instantaneously evaluate order data and compose the best decisions in real-time to efficiently orchestrate people, processes, and robots. The result is a fast, agile, and precisely tuned operation equipped to perpetually meet the what-when-where expectations of today’s retail consumer. GreyOrange was founded in 2011 and is based in Roswell, Georgia.

Magazino Logo
Magazino

Magazino develops and builds perception-driven, mobile robots that automate the handling and transport of goods within intralogistics. The company was founded in 2014 and is based in Germany.

Locus Robotics Logo
Locus Robotics

Locus Robotics designs and builds autonomous mobile robots that work collaboratively alongside workers in the logistics and fulfillment industries. Its multi-bot solution incorporates autonomous mobile robots that operate collaboratively with human workers to improve piece‐handling, case-handling, and pallet-moving productivity. The company was founded in 2014 and based in Wilmington, Massachusetts.

Opex Corporation Logo
Opex Corporation

OPEX Corporation offers solutions for high-speed mailroom automation, document imaging, and warehouse automation. Their automated warehouse system includes several components including a robotic, goods-to-person order picking technology for warehouses and distribution centers. Sure Sort is a robotic "each" or "piece" sorter that, per the company, handles complex variables and delivers a wide variety of items into a compact array of order bin locations in a single pass. In addition, they offer a "one touch" picking solution based on proven iBOT delivery technology.

Q
Quicktron

Quicktron uses robots to provide smart warehousing storage solutions for electronic business companies. Quicktron has created a system with high flexibility and strong adaptability based on the combination of its robots and management software. This saves customers' time for sorting goods and recording the process.

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