Berkshire Grey, Inc., an intelligent enterprise robotics company, provides AI-enabled robotic solutions that automate supply chain operations in the United States and Japan. The company's solutions automate filling ecommerce orders for consumers or businesses, filling orders to resupply retail stores and groceries, and handling packages shipped to fill those orders. It serves retail, ecommerce, grocery, package handling, and third-party logistics markets. The company was founded in 2013 and is headquartered in Bedford, Massachusetts.

Berkshire Grey, Inc.

It’s time to radically change the essential way we do business. 

At Berkshire Grey, our game-changing solutions combine AI and Robotics to automate omni-channel fulfillment for retailers, eCommerce, and logistics enterprises serving today’s connected consumers. 

By transforming pick, pack and sort operations, our technology is a fundamental engine of change that moves you forward.


Khosla Ventures

New Enterprise Associates

Social Capital

SoftBank Capital

BlackRock

Canaan Partners

Chamath Palihapitiya

Employee Stock Option Fund

SoftBank

SoftBank Vision Fund

Berkshire Grey

Once upon a time in the festive town of Warehouseville, there was a remarkable company known as Berkshire Grey. In this town, 🎄 Christmas preparations were not like any other place. Instead of the traditional hustle and bustle of Santa and his elves, the futuristic hum of BG robotic arms filled the air. 🎅 

As the holiday season approached, families in Warehouseville eagerly submitted their wish lists. The BG PickElves, programmed with the utmost precision, and leveraging advanced AI, worked around the clock, picking clothing, toys, gadgets, and goodies with speed and accuracy. The atmosphere was filled with the sound of holiday tunes, and the robots worked tirelessly to spread joy. 🎁 

When the clock struck midnight, signaling the arrival of Christmas Day, the BG PickElves used careful placement to drop gifts down every chimney. And so, in Warehouseville, a new era of Christmas magic had begun—one where the robotic wonders of Berkshire Grey brought smiles to every face, proving that even in the age of technology, the spirit of Christmas could be just as enchanting and heartwarming as ever. ✨ 

Seemed fitting for AI (credit to ChatGPT) to write a Christmas story for an AI-enabled robotics company 🤖 

Happy Holidays! 

’Tis the season Berkshire Grey joins Santa to help with festive flair, the hum of BG robotic arms and whirring gears filling the air. 🎅🏻❄️🎄

Our state-of-the-art robots are designed to make the holiday season stress-free for retailers, customers, and elves alike. Programmed with the utmost precision, and leveraging advanced AI, our robots can work around the clock with speed and efficiency, so Santa can focus on checking his list, and checking it twice.

#RoboticAutomation #WarehouseAutomation #AIAutomation 

Berkshire Grey offers a dynamic engineering career. Conor O'Neil, a mechanical engineer, designs components vital for robotic operations, delivering real-world impact. 

Join our fast-paced, collaborative environment where learning and adaptability are highly valued: https://lnkd.in/g7Sptt8R 

#RoboticAutomation #IntelligentAutomation #WarehouseRobotics

Find how robotic automation is shaping the future of retail supply chains.

Noah Maynard, Berkshire Grey Principle Solutions Architect, discusses the holistic approach to warehouse robotics and its compelling impact on the retail fulfillment environment: https://lnkd.in/gmMW-t5J

#RoboticAutomation #IntelligentAutomation #Robotics

Explore the different Software Engineer roles at Berkshire Grey! 

Join our team and embrace customer focus, meticulous execution, and innovation in material-handling robotics. 

Make your mark with us: https://lnkd.in/gS2jMwpv 

#RoboticAutomation #IntelligentAutomation

	Dec '19	Dec '20	Dec '21	Dec '22
net income	-49.51M -	-57.64M 16.42%	-153.38M 166.09%	-102.79M 32.98%
depreciation and amortization	312K -	1.01M 222.44%	2.75M 172.86%	3.38M 23.32%
deferred income tax
stock based compensation	12.03M -	6.02M 49.97%	49.84M 727.82%	1.43M 97.12%
change in working capital	8.48M -	-1.44M 116.98%	-2.30M 59.33%	-5.50M 139.72%
accounts receivables	-264K -	-16.19M 6,031.44%	3.46M 121.38%	8.29M 139.38%
inventory	-245K -	-355K 44.90%	-1.88M 430.42%	-5.45M 189.38%
accounts payables	-1.71M -	442K 125.80%	4.95M 1,020.36%	-1.56M 131.50%
other working capital	10.71M -	14.66M 36.91%	-8.83M 160.21%	-6.78M 23.18%
other non cash items	-141K -	-3.92M 2,678.01%	-10.97M 180.06%	-7.45M 32.11%
net cash provided by operating activities	-28.82M -	-55.97M 94.21%	-114.06M 103.77%	-110.93M 2.75%
investments in property plant and equipment	-1.82M -	-8.72M 379.54%	-4.07M 53.33%	-3.13M 23.03%
acquisitions net
purchases of investments
sales maturities of investments
other investing activites
net cash used for investing activites	-1.82M -	-8.72M 379.54%	-4.07M 53.33%	-3.13M 23.03%
debt repayment
common stock issued			192.09M -	4.22M 97.80%
common stock repurchased				4.22M -
dividends paid
other financing activites			3.10M -	-712K 122.95%
net cash used provided by financing activities	167.59M -	226K 99.87%	195.19M 86,267.70%	7.73M 96.04%
effect of forex changes on cash		-4K -	-91K 2,175%	-51K 43.96%
net change in cash	136.95M -	-64.47M 147.08%	76.97M 219.39%	-106.38M 238.20%
cash at beginning of period	22.50M -	159.45M 608.72%	94.98M 40.43%	171.95M 81.04%
cash at end of period	159.45M -	94.98M 40.43%	171.95M 81.04%	65.58M 61.86%
operating cash flow	-28.82M -	-55.97M 94.21%	-114.06M 103.77%	-110.93M 2.75%
capital expenditure	-1.82M -	-8.72M 379.54%	-4.07M 53.33%	-3.13M 23.03%
free cash flow	-30.64M -	-64.69M 111.14%	-118.13M 82.60%	-114.06M 3.44%

COM:BERKSHIREGREY

Berkshire Grey

Last Close

1.41

19/07 20:00

Market Cap

340.69M

Beta: -

Volume Today

730.77K

Avg: -

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