Verizon announced it has entered into a definitive agreement to acquire incubed IT, the creator of a software platform providing autonomous navigation tools to administer, manage and optimize mixed fleets of robots in industrial settings.
Upon closing and as Verizon continues to expand its 5G coverage, capacity, and mobile edge compute capabilities, incubed IT’s autonomous software will enable enterprise customers to gain new efficiencies as they scale their autonomous mobile robot fleets. incubed IT’s software enables robots to localize and navigate autonomously and can be easily integrated into nearly any mobile robot. Their products include:
- Smart Shuttle Navigation Toolkit: Transmits near real-time data to navigate autonomous mobile robots (AMRs)
- Fleet Management Server: Manages AMR Fleet & Routing Operations
- Data Monitoring & Analytics: Near real-time monitoring and advanced reporting
incubed IT’s employees will join the Verizon New Business Incubation team, whose mission is to scale new automation businesses fueled by the inherent orchestration power of 5G. The incubed IT team will continue to drive development, sales and support for its customers and suite of products across a fleet of diversified robotic partners.
The transaction is subject to customary closing conditions and is expected to close in the first half of 2021.