Corvus Robotics Brings Autonomous Inventory Management System to Lights-Out Warehouses
New funding round brings total company investment to $18 million
MOUNTAIN VIEW, Calif., Oct. 8, 2024 /PRNewswire/ -- Corvus Robotics, a provider of autonomous inventory management systems, today announced an updated version of its Corvus One system that brings, for the first time, the ability to fly its drone-powered system in a lights-out distribution center without any added infrastructure like reflectors, stickers, or beacons. The newest generation product is supported by an $18 million Series A round and seed funding led by S2G Ventures and Spero Ventures.
Watch the Corvus One drones fly in a lights-out warehouse
"Corvus Robotics fits our mission to invest in companies that truly transform the way business is conducted," said Marc Tarpenning, co-founder of Tesla and partner at Spero Ventures. "Other than a landing pad, its drone-powered system requires no infrastructure, is quick and easy to deploy, and cost-effective to manage. It literally merges with the existing warehouse environment."
"At S2G, we seek out disruptive innovations that address evolving industry needs, and we believe Corvus exemplifies this perfectly," said Arthur Chow, principal at S2G. "Its technology offers a tangible path to operational excellence by delivering accuracy and productivity gains, all while being easy to implement. We are proud to support a company that's revolutionizing a core operational aspect for industries across the board."
AI-Driven Real-World Navigation
Using computer vision and generative AI to understand its environment, the fully autonomous Corvus One drone system operates in both very narrow aisles (minimum width of 50 inches) and in very wide aisles. With obstacle detection at its core, the light-weight drone safely flies at walking speed without disrupting workflow or blocking aisles and can preventatively ascend to avoid collisions with people, forklifts, or robots, if necessary. Its advanced barcode scanning can read any barcode symbology in any orientation placed anywhere on the front of cartons or pallets.
"Being able to run inventory checks 24/7 without operator assistance has been a game changer," said Austin Feagins, senior director of solutions, Staci Americas. "The lights-out capability in the Corvus One system allows our inventory teams to correct discrepancies off-shift and pre-shift before production starts each day; limiting fulfillment delays and production impacts."
Corvus One can be relied upon to boost efficiency and cut overall inventory costs, specifically:
10x Labor Productivity – By shifting associates to higher-value tasks like picking and replenishment, Corvus One improves operational efficiency while also realizing hundreds of thousands of dollars in labor savings.
Inventory Accuracy and Space Optimization – The system helps maximize space utilization, avoid stockouts, and improve KPIs with smarter replenishment and more accurate physical inventory (PI) counts. It ensures 99.9% inventory accuracy, can free up to 10% total pallet racking space, and reduces shrinkage and material handling equipment costs.
Flexible WMS Integration – Corvus One works with or without a warehouse management system (WMS). Lite integration is available via CSV or XLS exports.
Quick and Easy Implementation – With no Wi-Fi installation required, deploying Corvus One takes less than a week.
"The Corvus One system is a vital component of end-to-end inventory visibility and optimization," said Jackie Wu, co-founder and CEO, Corvus Robotics. "We're growing extremely quickly, and our recent funding round will be used to help Corvus meet rapidly growing customer adoption while continuing to build products with capabilities nowhere else in the world ever has had."
About Corvus Robotics
Corvus Robotics provides the first and only autonomous inventory management system built on an AI world model. Purpose-built in America, its Corvus One product deploys fully autonomous, infrastructure-free drones that fly without human operators, equipping warehouses and production plants with efficient, accurate inventory management. Its data-driven, "robots as a service" model allows companies, such as MSI Surfaces, Staci Americas, and Quanta Computer, to quickly respond to changes in demand, reduce labor costs, save hundreds of thousands of dollars annually and enhance the customer experience. For more information, visit www.corvus-robotics.com.
Media Contact:
Andrew Burer
Head of Marketing, Corvus Robotics
[email protected]
833-558-0812
SOURCE Corvus Robotics
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article