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Robotics Startup Kindred AI Acquired for $262 Million

By
Kevin McLaughlin
· · Source: The Information

British online grocery company Ocado Group has acquired Kindred AI, a six-year-old startup that develops software for industrial robotic arms, for $262 million in cash. The deal reflects how many large companies have accelerated their automation plans during the pandemic, as well as the growing importance of robotics to grocery companies at a time when online orders are surging. The...

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