The company also announced the appointment of AI industry pioneers to its Board of Directors:
Fei-Fei Li, Sequoia Professor Computer Science at Stanford University, Co-Director of Stanford Institute for Human-Centered AI (HAI), former Director of Stanford AI Lab (SAIL), former Chief Scientist of AI at Google Cloud, Twitter Board Director, and creator of ImageNet.
Sebastian Thrun, Founder of GoogleX and Waymo (Google s self-driving car division), co-founder of Udacity and CEO of Kitty Hawk, former Director of Stanford s AI Lab (SAIL)
Nimble s mission is to democratize affordable, on-demand fulfillment for every ecommerce retailer. Nimble s fleet of AI-powered robots intelligently pick, pack, and handle millions of products, spanning from apparel and electronics to beauty, general merchandise and grocery items. Today, Nimble robots are deployed in fulfillment centers across the United States picking over 100,000 items per day for customers including several Fortune 500 retailers.
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The Piece Picking Robots Market is expected to grow at a CAGR of 11.7% over the forecast period 2020 to 2025.
With the requirement for e-commerce and product assortment quickly growing, the demand for piece-picking solutions has grown substantially. Additionally, labor deficits in the logistics industry, including securing employees for ordinary tasks such as picking, have become a hurdle for warehouse managers.
Key Market Trends
Collaborative Robots to Drive the Market
Collaborative mobile robots augment humans’ work to improve accuracy and by leading warehouse associates to correct pick locations and to utilize UPC scanning, further reducing human error. As, according to HMC Investment Securities, it is expected that, by 2025, the global co-bot market size will reach around USD 12.8 billion, the Piece Picking Robots Market is envisioned to get a boost.