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Verizon to acquire autonomous navigation company incubed IT

February 25, 2021  - By

​The acquisition will expand Verizon’s robotic capabilities to power the future of robotic automation for enterprise customers

incubed IT logoVerizon 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.

“This acquisition further demonstrates Verizon’s commitment to developing new and innovative businesses and use cases leveraging the power of 5G,” said Rima Qureshi, chief strategy officer at Verizon. “Mobile robot orchestration is a real and emerging challenge faced by enterprises today. By integrating incubed IT’s autonomous software with Verizon’s 5G platform, we will have the ability to power robotic automation at scale. This will create new opportunities for enterprise customers to better and more effectively monitor and optimize their business processes.”

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 award-winning 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 and Analytics: ​Near real-time monitoring and advanced
    reporting

“Incubed IT’s next-generation software and autonomous fleet management server are foundational components for the future of terrestrial robotics,” said Elise Neel, vice president of Verizon New Business Incubation. “When we combine incubed IT’s capabilities with the reliability, responsiveness and vast capabilities of Verizon’s 5G platform, we will enable faster, less expensive and more effective adoption of robotic automation for enterprises everywhere.”

Incubed IT’s autonomous navigation software features include:

  • No need to specify transport paths up front
  • No predefined paths
  • Instant rerouting
  • Obstacle avoidance
  • Safe operation in areas with other vehicles and humans

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.

“We are proud of all the incubed IT team has accomplished to get us to this point, and we look forward to expanding on our successes and capabilities,” said Stephan Gspandl, incubed IT CEO. “By joining the Verizon team, we have the opportunity to bring our software to broader audiences and to help create the future of robotic automation.”

The transaction is subject to customary closing conditions and is expected to close in the first half of 2021.

About the Author:


Senior Editor Tracy Cozzens joined GPS World magazine in 2006. She also is editor of GPS World’s newsletters and the sister website Geospatial Solutions. She has worked in government, for non-profits, and in corporate communications, editing a variety of publications for audiences ranging from federal government contractors to teachers.

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