Corvus Robotics: Detailed Company Research Report

Company Overview

Name

• Corvus Robotics, Inc.

Mission of the Company

• Corvus Robotics aims to improve supply chain efficiency and economic productivity globally through the use of robotics and AI, providing innovative solutions that enhance inventory visibility across material flow in distribution centers and manufacturing facilities.

Founded

• The company was founded in 2017.

Founders

• Jackie Wu, Mohammed Kabir, Jonathan Sandau, Bryan Monti.

Key People

• Jackie Wu (CEO)

• Mohammed Kabir (CTO)

• Disha Sarawgi (Head of Special Projects)

Headquarters

• Mountain View, California, USA.

Number of Employees

• No information is available.

Revenue

• No information is available.

What is the Company Known For

• Corvus Robotics is known for creating the world’s first unmanned warehouse inventory drones, providing fully automated inventory management solutions.

Products

Corvus One™ Warehouse Inventory Drone

• High-Level Description:

• An AI-driven fully autonomous drone designed for warehouse inventory management.

• Key Features:

• Scans and generates reports of inventory discrepancies.

• Schedules flights and autonomously navigates without human intervention.

• Integrates with warehouse management systems (WMS), syncing SKUs to slots in 3D.

• Equipped with 12 cameras and LIDAR for omnidirectional collision avoidance.

• Operates without WiFi or humans for prolonged periods.

• Can handle 100-300 pallet positions per drone within approximately 15 minutes.

Subscription-Based Installation

• Description:

• A subscription-based service where Corvus One drones are installed in facilities, providing perpetual free hardware and software updates.

One-Time Physical Inventory Project

• Description:

• A bespoke inventory project using drones to collect data efficiently for warehouses, facilitated by expert engineers.

Recent Developments

New Products and Features

• Corvus Robotics recently entered the market with Corvus One™, the world’s first fully unmanned warehouse inventory drone.

• Development of ground-based robots and stationary scanners is underway.

Partnerships and Collaborations

• Corvus Robotics has been involved in pilot projects with several Global 2000 companies and received seed funding to expand its market presence in the warehouse automation sector.

Technological Advancements

• Successfully developed autonomous drones that employ onboard visual-inertial SLAM (Simultaneous Localization and Mapping) and motion planning, capable of operating in large, unstructured environments.

• Continuous innovation in AI-driven robotics and machine learning technologies for enhanced inventory tracking.

Recent Investment

• The company has raised a total of $8 million in funding, including a recent $5 million seed round led by Spero Ventures, with contributions from Y Combinator, S2G Ventures, One Way Ventures, and F7 Ventures.

Strategic Appointments

• Addition of Rob Stevens, former Kiva Systems Executive, to its Board of Directors to leverage his expertise in robotics and warehousing solutions.

This report concisely outlines the key details about Corvus Robotics, focusing on their innovative contributions to the field of warehouse automation, highlighting their commitment to technological advancement and strategic expansions.