Warehouse Robotics Provider Berkshire Grey to Go Public Through SPAC Deal

Berkshire Grey shareholders Khosla Ventures, New Enterprise Associates, Canaan Partners and SoftBank Group Corp. will roll 100% of their equity into the combined company, the companies said Wednesday. Berkshire Grey, founded in 2013, develops systems that use artificial intelligence, mobile robots and scanning, gripping and sensing technology to pick orders and speed goods through distribution centers. The business had $35 million in revenue last year and expects to generate $59 million in revenue in 2021 and become profitable in 2024. Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. Its customers include Walmart Inc., Target Corp. and FedEx Corp.