Meet The Startups That Amazon’s New $1 Billion Industrial Innovation Fund Is Backing

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Meet The Startups That Amazon’s New $1 Billion Industrial Innovation Fund Is Backing
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The founders that Amazon’s industrial innovation fund is backing include a serial entrepreneur, a pair of Carnegie Mellon robotics Ph.D.s and the former head of claims at insurance giant AIG.

which came up with a tactile robotic arm that uses sensor technology to cohesively work alongside people. For each of the companies, having Amazon as an investor offers both a stamp of approval and a potential giant customer for its technology.Courtesy of BionicHive

That’s especially important, he says, because the majority of employees will bend and twist correctly, but the outliers who don’t end up with the bulk of the injuries. Those injuries are awful for the employees who endure them and also expensive for the companies that employ them in terms of sick days and workers comp insurance costs. In Amazon’s shareholder letter last week,

As Modjoul expands, Martinez figures there's room to gather increased environmental data, such as whether the sound is high enough to require earplugs or the lighting creates a trip-and-fall hazard. But one thing he says he won’t do is add biometric sensors to the devices. “That is a bridge too far to get heart rates and breathing patterns,” he says. “We’ve had employees ask, ‘Does this have a blood alcohol sensor in it? Does it have a microphone in it?’ We have to garner their trust.

That allows Vimaan’s customers—he declines to name them, though says they span food, telecommunications, medical and pharmaceuticals, as well as third-party logistics companies—to know exactly where products are and to capture errors and discrepancies in real time. If a customer files a claim for a lost item, for example, the retailer can immediately see what happened and whether they’re telling the truth.

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