Seegrid Corp., a manufacturer of self-driving industrial vehicles for material handling, announced on Oct. 6, that it acquired Box Robotics, a mobile robotics startup bringing high-definition maps, three-dimensional LiDAR, and deep learning to the warehouse and manufacturing automation space.
This acquisition will help accelerate next-generation perception and more human-like, situational awareness technology to Seegrid’s vision guided vehicles (VGVs),.
Financial terms are not being disclosed.
The Philadelphia-based Box Robotics, led by the former Love Park Robotics principals Tom Panzarella and John Spletzer, focuses on 3D perception autonomy with human-like situational awareness for industrial robots. This acquisition will accelerate the deployment of even more advanced functionality for Seegrid’s vehicles.
“Seegrid and Box Robotics are perfectly aligned in our mission to bring full 3D situational awareness and predictability to our next-generation robots,” said Jim Rock, Seegrid’s CEO. "This effort will ultimately increase efficiency and productivity while furthering Seegrid’s leading safety record that has reached 4 million miles at customer sites without a single personnel safety incident.”
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.