JASCI Software announced that it will acquire NextShift Robotics, which will operate as JASCI Robotics, focused on innovating warehousing and logistics.
With a shortage of warehouse labor combined with the growth of ecommerce robotics use in logistics is becoming more critical. ABI research estimates 4 million robots will be deployed in more than 50,000 warehouses by 2025 to meet demands, while Gartner forecasts over 50% of warehouses will have invested in robotics by 2025. With a price tag of $20,000 – $30,000 per robot, this market has the potential to exceed $80B over the next 5 years.
NextShift’s robotic operating system senses and learns the warehouse environment in real-time. By incorporating LIDAR and cameras, the autonomous robot has pinpoint accuracy in its movements along with a mapping/traffic management system. Hundreds of robots can navigate the warehouse simultaneously with efficiency and safety alongside humans and material handling equipment based on its SmartTask workflow technology.
JASCI’s SaaS cloud native architecture leverages ORACLE’s autonomous cloud to provide limitless ability for growth and scaling businesses globally. It provides elasticity, security and reliability, so customers can work 24×7 in all continents.
Original Release: PR Newswire