Corvus uses drones to track warehouse inventory – Vidak For Congress

Back in August last year, we highlighted the launch of Corvus Robotics in the Actuator newsletter. The Boston-based company is one of the few startups looking to use indoor drones to help warehouses keep track of inventory. It’s a smart solution that until now has been difficult to achieve with only robots on wheels, which have quite a bit of trouble reaching those top shelves.

As I noted last summer, Corvus is positioning its product as the “first unmanned warehouse inventory drones to enable fully automated inventory management,” although the company is far from alone in its solution. However, it just got a nice lead in the form of a $5 million seed round led by Spero Ventures and featuring S2G Ventures, One Way Ventures, Flight Ventures and F7 Ventures. The company is a graduate of Y Combinator and the venture company is also participating in this early round.

Corvus drones are tailor-made for the job, with indoor obstacle avoidance and the ability to read barcodes, even in low-light warehouses. The systems also have a built-in autonomy stack so they can continue to run even in poor Wi-Fi conditions – which is a bit constant in these types of settings.

Of course, Corvus cites persistent labor shortages and ubiquitous supply chain problems as major drivers in securing this funding round. “Supply chain shocks in recent years have affected companies of all sizes,” said CTO Mohammed Kabir in a press release. “Every piece of inventory that ends up in the right place is important. We are building an end-to-end suite of solutions that automate inventory visibility across the warehouse workflow, starting with inventory scanning drones.”

The round brings the company’s entire funding to $8 million to date. As you might expect, it’s largely moving toward scaling the technology and advancing R&D. Among other things, Corvus wants to take its offerings beyond storage by tracking inventory from the moment it comes in to the moment it leaves.

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