Friday, 24 March, 2023

Amazon announces $1B industrial innovation fund

<p>Amazon has launched a new $1B fund called the Amazon Industrial Innovation Fund which will be used to find, support, and acquire companies whose tech will prove useful to Amazon&rsquo;s operations. The fund is focused on logistics, supply chain, and customer fulfillment. The first batch of funding will be for safety-focused wearable technology, Amazon has decided to back Agility Robotics, BionixHIVE, Mantis Robotics, Modjoul, and Vimaan.&nbsp;<br /> &nbsp;</p>