Amazon Plans to Invest $1 Billion Into Its Industrial Innovation Fund

Amazon Plans to Invest $1 Billion Into Its Industrial Innovation Fund
The Amazon logo on the door of an Amazon Books retail store in New York on Feb. 14, 2019. Brendan McDermid/Reuters
Bryan Jung
Updated:
Amazon.com, on April 21, announced the launch of its “Amazon Industrial Innovation Fund,” a $1 billion venture investment program focused on developing supply chain management, customer fulfillment, logistics, and warehouse tech.

The new venture investment program will back companies working on technology to increase e-commerce delivery speeds and improve the experience of workers in warehousing and logistics, the company said in a press release.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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