• 2013 December 01

Company Description

Automated inventory stock-taking for every warehouse

Infinium Robotics provides autonomous robotics solutions for warehouses for automatic inventory stocktaking and cycle-counting, alleviating the largest pain-points of warehouse operators. Companies around the world lose $millions in revenue from inventory mismatches. For instance, Walmart reported in 2013 to have lost $3 billion in revenue from inventory mismatches. Between 2003 and 2011, the U.S. Army lost track of $5.8 billion of supplies among its warehouses. In 2016, the U.S. National Retail Federation reported that shrinkage — loss of items in retail stores — averaged around $45.2 billion annually. Equipped with state-of-the-art Computer Vision and AI technologies, our robotics system allows warehouses to resolve the inventory mismatches by offering a low cost solution to conduct stock-taking at a faster rate and more accurately than the current manual process by humans, saving $billions of potential revenue for companies worldwide. Target Customers: Warehouses, Factories