AWS launches $1bn investment fund in supply chain and logistics push

The tech powerhouse wants to improve the experience of employees working in warehousing and logistics fields

AWS is launching a $1bn venture investment programme, which it claims will support partners in customer fulfilment, logistics, and the supply chain.

The tech giant said the Amazon Industrial Innovation Fund (AIIF) will invest in companies that increase delivery speed and further improve the experience of employees working in warehousing and logistics fields.

The fund's first round of investments are focused on wearable technology that enhances safety in fulfilment buildings and robotics designed to complement and coexist with people's lives.

Companies receiving investment include Modjoul, Vimaan, Agility Robotics, BionicHIVE and Mantis Robotics.

"We see an opportunity to look beyond our own experience and empower companies that are developing emerging technologies in customer fulfilment operations, logistics, and the supply chain," said Amazon's VP of worldwide corporate development, Alex Ceballos Encarnacion.

"We know there are companies out there that share our curiosity and excitement to invent. Whether our investment helps them grow or leads them to work with Amazon, or both, we're excited to help advance these technologies as online shopping becomes even more important to people who are looking for more convenience and time savings."

Amazon claims to have a history of investing in technologies that support employees and customers, such as artificial intelligence, robotics, and other cutting-edge inventions.

It noted past improvements including robotic arms that perform repetitive tasks and new products in autonomous movement that can help transport larger items.

This investment program follows Amazon's 2020 $2bn fund to invest in climate technologies.