Verizon has entered into a definitive agreement to acquire Incubed IT, the creator of a software platform which provides autonomous navigation tools to administer, manage and optimise mixed fleets of robots in industrial settings. Verizon said that the deal will enable enterprise customers to gain new efficiencies as they scale their autonomous mobile robot fleets.
Incubed IT’s software enables robots to localise and navigate autonomously and can be integrated into nearly any mobile robot.
Incubed IT’s employees will join the Verizon New Business Incubation team, whose mission is to scale new automation businesses, fueled by the orchestration power of 5G.
The transaction is subject to customary closing conditions and is expected to close in the first half of this year. No financial details were disclosed.
