Berkshire Grey
Berkshire Grey combines AI and Robotics to automate omni-channel fulfillment for retailers, eCommerce, and logistics enterprises.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor investor investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 Valuation: €0.0 | round | |
| investor investor investor investor | €0.0 Valuation: €0.0 | round | |
* | $375m Valuation: $375m | Acquisition | |
| Total Funding | 000k | ||
| USD | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 337 % | 46 % | 29 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (626 %) | (175 %) | (318 %) | (168 %) |
| Profit | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (621 %) | (165 %) | (302 %) | (156 %) |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
| R&D % of revenue | 349 % | 103 % | 125 % | 110 % |
Source: Company filings or news article
Related Content
Berkshire Grey is a technology startup that specializes in intelligent robotic automation. The company's primary focus is on serving retail, eCommerce, package handling, and logistics companies. Berkshire Grey's innovative solutions aim to enhance customer experiences while significantly reducing the cost and time associated with fulfilling orders.
The company's business model revolves around automating manual supply chain tasks, such as identifying, picking, sorting, packing, and moving items. This automation can handle nearly 100% of typical eCommerce stock keeping units (SKUs), which are unique identifiers for each distinct product and service that can be purchased.
Berkshire Grey's solutions are designed to solve labor availability challenges and allow employees to focus on higher-priority work. The company offers modular products that can be assembled and scaled to suit any deployment, from large distribution centers to micro-fulfillment centers, and even back-of-store applications.
The company has also partnered with FedEx Ground to streamline small package processing, demonstrating its ability to collaborate with major industry players.
Berkshire Grey's revenue model is likely based on the sale of its automation solutions and services. The company claims that its solutions can reduce operational expenses by up to 70%, lessen dependency on labor, and increase facility throughput by up to 25% to 50%.
In summary, Berkshire Grey is a promising startup that leverages intelligent robotic automation to revolutionize the supply chain and logistics industry, offering significant cost and time savings to its clients.
Keywords: Intelligent Robotic Automation, Retail, eCommerce, Package Handling, Logistics, Supply Chain, Modular Products, Labor Efficiency, Cost Reduction, FedEx Ground.