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Kiva Systems Acquisition In 2012, Amazon acquired Kiva Systems, a warehouse robotics company, for $775m (and also triggered increased activity in the wider warehouse robotics sector). Since 2012, the original Kiva robot has gone through a few iterations, new robot versions or upgrades have been released. Kiva also formed the base for what the division now known as "Amazon Robotics". (source) The Pegasus Robot The Pegasus (based on the original Kiva design) is probably the most well known of the Amazon Robotics versions and has also been deployed as a sortation robot. Various media outlets assume Amazon have deployed c.520,000 of these mobile...

STIQ are aware that our free reports are copied and referenced widely in startup funding decks and custom reports. Often this is done with proper sourcing and referencing of STIQs freely available reports.  Unfortunately, it comes as no surprise that various supposedly reputable market research companies are also referencing STIQs reports/data as their own and charging for what is essentially free. If you use data explicitly from research in your reports - please use proper referencing and source, i.e. "Source: STIQ Ltd + [year/report name]". LogisticsIQ In June 2022, we became aware of one market research company - LogisticsIQ - simply...

TLA Robotics networking event #2 STIQ organised a 2nd Robotics Networking event in London via the TLA Robotics working group, kindly hosted by Shoosmiths. - TLA Robotics meetup #2, image courtesy of Kay So. The event was planned many months in advance, but we still managed to pick the warmest day on record in the UK. There was a cool 21C degrees inside the venue whilst it hovered around 38-40C outside. Despite widespread train cancellations and delays throughout the UK on the day, the event garnered a 40-strong audience including investors, students, robot vendors and others. The audience viewed a range of...

Fabric cuts 40% of staff Fabric recently announced it was laying off 40% of its staff and changing its business model (source). STIQ has tracked Fabric for a few years and this is our view of the announced changes: FABRIC: Website | LinkedIn | Crunchbase | YouTube | WarehouseAutomation Fabric was founded in Israel in 2015 under the name "Commonsense Robotics". In 2019, the company changed its name to Fabric (source).   (formerly known as) The original business model appeared to target grocery customers with fulfilment equipment with Fabric operating as a vendor of material handling equipment. A lack of traction among grocery customers may have...

THE GREAT EXIT QUEUE The list of G2P vendors exploring exits is increasing by the day. Pandemic-infused growth in the sector pushed up valuations and a few companies managed to IPO in 2021, including Berkshire Grey and Autostore (both backed by SoftBank incidentally). An IPO is a route for investors to exit their investments and "cash in". Another route is to sell to a corporate buyer. For example, Fetch Robotics (incidentally also backed by SoftBank) was acquired by Zebra. There are other routes, including secondary sales, i.e. when one investor sell to another investor, such as when EQT sold the majority of...