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Owners
Fetch Robotics is an American manufacturer of robots founded in 2014 that move goods in warehouses and factories. The devices use a laser system and cameras to navigate the rooms.
History
2021: Zebra Technologies bought Fetch for $290 million
In early July 2021, Zebra Technologies announced the purchase of a 95% stake in robotics developer Fetch in addition to the 5% that the company already owned. The transaction value amounted to $290 million.
Zebra CEO Anders Gustafsson noted that the acquisition of Fetch will accelerate the company's development in the field of intelligent industrial automation, will cover new ways to expand the capabilities of business processes and help customers work more effectively on increasingly automated data environments.
 | This step will also expand our ongoing supply chain optimization commitments from the point of production to the point of consumption. We are glad to welcome the Fetch team in the Zebra family, "he added. |  |
Fetch offers the largest portfolio of AMR (autonomous mobile robots) in the industry and provides customers with seamless integration with warehouse and production systems without the need to change facilities or infrastructure. Fetch's Workflow Builder in Drag and Drop allows customers and partners to deploy automated workflows for hours rather than months. Fetch AMRs help reduce the impact of labor shortages by improving throughput, efficiency, and productivity by working with people in the runtime, distribution, and manufacturing environment. They can be used to optimize sorting at order processing points and distribution centers, timely delivery of materials to industrial facilities, and automate manual material movement processes at any site.
In addition to Fetch's broad AMR portfolio, Fetch offers cloudy enterprise software FetchCore as a core platform for deploying and fully integrating a wide range of automated workflows into manufacturing and warehousing operations and providing unique object information using machine learning data from robot sensors.[1]
The planned acquisition develops Zebra's vision of providing advanced robotic solutions to customers with labor-intensive operations. Zebra's robotic automation strategy will combine human-oriented workflow development tools, including current Zebra products such as FulfillmentEdge and SmartSight, with Fetch Robotics solutions. As a result, customers will get an innovative product that improves efficiency and ROI by optimally managing technology and human resources.
| | "Fetch is pleased to join the Zebra team and begin work on implementing flexible automation processes using autonomous mobile robots and a cloud platform to support robotics. Uniting, we create a strong team with the necessary technologies to provide comprehensive solutions that eliminate customer problems, "said Melonee Wise, chief executive officer of Fetch Robotics. - By helping companies dynamically optimize and organize order processing, distribution and industrial production, we provide them with the opportunity to cope with growing demand, reduce delivery times and solve issues related to reducing labor resources. " | |
Fetch has made significant progress in its Zebra Ventures investment project. The estimated sales level of this high-yield business, which is at an early stage of rapid development, is approximately $10 million annually. It is expected that Zebra's plan for bringing products to market and knowledge of industry features will provide a synergistic effect, taking into account the integration of technologies and investments in this company.
| | "Our goal is to make both robots and humans do the work they do best," said Bill Burns, director of products and solutions at Zebra Technologies. "This acquisition is part of a planned set of innovations that reflects our commitment to creating solutions that help customers optimize processes with robotics." | |
The Zebra Technologies - Fetch transaction will be executed in accordance with standard closing conditions, including approval. Closure is scheduled for the third quarter of 2021. Legal support for Zebra is provided by Vedder Price. Fetch uses the legal services of Fenwick & West, and financial support is provided by Evercore.
2019: Investment from Sberbank
July 23, 2019 it became known about the attraction of Fetch Robotics about $46 million in investments. Among the investors of the robot manufacturer was the venture fund of Sberbank SBT Venture Fund II.
The next round of financing of Series C was headed by Fort Ross Ventures - the operating team of SBT Venture Fund II fund. Besides, CEAS Investments, Redwood Technologies, TransLink Capital and Zebra Ventures and also the acting investors of O'Reilly AlphaTech Ventures, Shasta Ventures, SoftBank Capital and Sway Ventures invested in Fetch.
Taking into account this transaction, Fetch raised a total of $94 million. The company does not disclose revenue and business valuation and only promised to make a profit in the next couple of years, according to The Wall Street Journal (WSJ) on July 23, 2019.
Fetch intends to use the resulting investments to internationally expand and expand the capabilities of its cloud platform, which controls the launch of robots and their integration into warehouse operations. The platform collects and analyzes data from robots to help customers reduce congestion in warehouses and increase operational efficiency.
By July 2019, Fetch has about 130 employees, the company's robots are used at about a hundred logistics and manufacturing enterprises, as well as distribution centers in 11 countries. Fetch clients include Universal Logistics, DHL Supply Chain, and Ryder System.
According to WSJ General Director of Universal Logistics Jeff Rogers, thanks to robots, manual labor automation is provided, but the company does not fire people, but transfers them to perform other tasks.[2]
Notes
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