Verizon claims that the acquisition is an expansion of its robotic capabilities which will power the future of robotic automation for enterprise customers as well as a demonstration of its commitment to develop new and innovative businesses and use cases leveraging the power of 5G.
“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,” said Rima Qureshi, Chief Strategy Officer at Verizon.
According to Verizon, incubed IT’s autonomous software products including Smart Shuttle Navigation Toolkit, Fleet Management Server and Data Monitoring & Analytics enables robots to localize and navigate autonomously with easy integration into nearly any mobile robot – which will enable enterprise customers gain new efficiencies as they scale their autonomous mobile robot fleets.
“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.”
As announced, incubed IT team will continue to drive development, sales and support for its customers and suite of products but will be joining the Verizon New Business Incubation team. Furthermore, Verizon intends to continue expanding its 5G coverage, capacity, and mobile edge compute capabilities with the expectation of closing the deal in the first half of the year 2021.