Verizon to Acquire Robotics Software Company

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Yesterday, Verizon announced it 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.

“Mobile robot orchestration is a real and emerging challenge faced by enterprises today,” said Rima Qureshi, Chief Strategy Officer at Verizon. “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.”

The incubed IT software enables robots to localize and navigate autonomously and can be integrated into nearly any mobile robot. The 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 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.” 

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