American multinational Amazon acquired Canvas Technology, a Colorado-based startup specialising in autonomous technologies, according to TechCrunch.
Canvas Technolgy’s innovations impressed Amazon and both companies ‘share a common vision’ to create a safe and worker-friendly environment for those who work alongside robots in warehouses. The exact financial terms of the agreement were not disclosed.
A spokesperson from Amazon said, “We look forward to working with Canvas Technology’s fantastic team to keep inventing for customers.”
Founded in 2015, Canvas Technology develops autonomous technologies suited to business use cases in both manufacturing and end-to-end delivery of goods. Previously, the company launched the Canvas Autonomous Cart, which is a self-driving industry car designed to improve the work environment in factories.