General
April 11, 2019
2 minutes read

Amazon Snaps Up Warehouse Robotics Startup Canvas Technology

Amazon has said it has acquired Canvas Technology, a startup with $15 million in funding — from investors including Playground Global,…

Amazon has said it has acquired Canvas Technology, a startup with $15 million in funding — from investors including Playground Global, AME Cloud Ventures, Heroic Ventures, Morado Ventures, Xplorer Capital, and Visionnaire Ventures — according to Crunchbase data. Canvas builds autonomous carts that can transport goods around warehouses, an area key to Amazon’s operations.

In the past, Amazon has acquired startups focused on robotics: they include Kiva Systems and Dispatch. It paid $775 million for Kiva in 2012 and integrated its robotics operations into its warehouses, and acquired Dispatch this year. Dispatch had raised $2 million in total — from investors including Andreessen Horowitz, Precursor Ventures, HAX, and SOSV — according to Crunchbase data.