Robot Winter No More
By Matthew Howard and Amanda Robson
Today, 6 River Systems announced that they are teaming up with Shopify to build the next-generation fulfillment network powered by robotics and AI. This represents a major milestone for the robotics industry that has seen few exits of this magnitude outside of Amazon’s acquisition of Kiva Systems in 2012.
6 River Systems (6 River) is at the forefront of the 4 thindustrial revolution using AI and machine learning to optimize warehouse fulfillment.
When we led 6 River’s Series A in 2017, there were a number of things that stood out to us that ultimately made the company successful.
Those included:
6 River’s technology spans a number of areas — AI, cloud, and hardware — which are key themes throughout Norwest’s portfolio. Investing in hardware can be particularly challenging given the expertise needed to manage manufacturing and gross margin.
At Norwest, we have been privileged to see a number of our AI-enabled / cloud companies with hardware components successfully exit with our most recent being Mist Systems to Juniper Networks earlier this year.
We are lucky to have had the opportunity to partner with the fantastic team at 6 River and are excited to see Jerome, Rylan and the entire team execute on their vision alongside their new family at Shopify.
Originally published at https://www.nvp.com.
