Amazon Industrial Innovation Fund
The Amazon Industrial Innovation Fund (AIIF) is a $1 billion venture investment program Amazon set up in April 2022 to invest in fulfillment, logistics and supply chain technology companies; its first five investments included Agility Robotics.
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Key facts
April 21, 2022A $1 Billion Fund
On April 21, 2022, Amazon announced the Amazon Industrial Innovation Fund (AIIF), a $1 billion venture investment program to spur and support innovation in customer fulfillment, logistics and the supply chain, improving the experience of customers and of employees in warehousing and logistics; its focus includes robotics, artificial intelligence, machine learning, autonomy and other emerging technologies.[1]
April 21, 2022First Five Investments
The first five investments were Modjoul, maker of a wearable that helps warehouse workers avoid injury; Vimaan Robotics, whose AI-powered hardware tracks warehouse inventory; Agility Robotics, the Oregon company behind the bipedal robot Digit; BionicHIVE, whose robots travel up warehouse shelves to retrieve items; and Mantis Robotics, which is developing a robotic arm to work alongside people.[2]
Related Organizations, Websites, and Public Accounts
Amazon: Official website: https://www.aboutamazon.com/ (opens in a new window)[1]