Pittsburgh-based Seegrid Corp., which makes self-driving industrial vehicles for material handling, has acquired Philadelphia-based Box Robotics, a mobile robotics startup bringing high-definition maps, three-dimensional LiDAR, and deep learning to the warehouse and manufacturing automation space.
The acquisition is expected to help accelerate next-generation perception and more human-like, situational awareness technology to Seegrid’s vision guided vehicles, making manufacturing, distribution, and e-commerce fulfillment facilities even more productive as the demand for automation increases during the COVID-19 pandemic. Financial terms are not being disclosed.
Seegrid’s acquisition of Box Robotics comes on the heels of the company closing a $52 million growth equity financing round last month, bringing the company’s total funding to more than $150 million. Seegrid intends to use the additional capital to accelerate new product development and increase the size of its workforce as it continues to deliver best-in-class automation solutions for its customers.