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The deal values AutoStore, which was incorporated in 1996, at $7.7 billion. SoftBank, which has made a string of investments into e-commerce and robotics over the last few years, is buying the stake from U.S. private equity group Thomas H Lee Partners and Swedish venture capital firm EQT. "We view AutoStore as a foundational technology that enables rapid and cost-effective logistics for companies around the globe," said SoftBank CEO and founder Masayoshi Son in a statement. He added: "We look forward to working with AutoStore to aggressively expand across end markets and geographies." Founded...

March 4th 2021 16:24 After the shock of the coronavirus on brick-and-mortar retail, stores have to work harder than ever to compete with each other, and with consumers’ increased appetite for ecommerce. One way of doing this is to use technology to create immersive experiences that will encourage consumers back in-store as the world reopens. Technology can be used in various ways: for experiential purposes, to appeal to mobile users, increase convenience for shoppers, to make them feel safer amid the pandemic (e.g. with contactless options), or to promote a retailer’s online presence. H...

ABI Research Identifies the Innovative Start-Ups Forging the Next-Gen Supply Chain OYSTER BAY, N.Y., Jan. 26, 2021 /PRNewswire/ -- The varied applications that constitute supply chain technologies range from sourcing to operations, fulfillment, transport and services. Demand has increased materially for solutions that best address visibility, connectivity, flexibility, safety and savings. ABI Research, a global tech market advisory firm, has identified ten hot tech innovators and disruptors in supply chain technologies leading these timely and results-driven solutions. "Companies that stand...

AlleyWatch CBS MarketWatch declared 2020: The Year of the SPAC (Special Purpose Acquisition Corporation). A record 219 companies went public through this fundraising vehicle that uses a reverse merger with an existing private business to create a publicly-listed entity. This accounted for more than $73 billion dollars of investment, providing private equity startups a new outlet to raise capital and provide shareholder liquidity. According to Goldman Sachs, the current trend represents a “year-over-year jump of 462% and outpacing traditional IPOs by $6 billion.” In response to the int...