Bossart anticipates seeing more use of artificial intelligence (AI) and machine learning in the industrial technology investment sector. The fund, which was launched in 2022, aims to invest in companies that increase delivery speed. Bossart also expressed interest in investing in Europe and Asia, and shifting towards investments in later-stage companies.
Key takeaways:
- Amazon’s $1 billion Industrial Innovation Fund will target new industries and geographies for 2024, with a focus on automation and supply chain innovation.
- Franziska Bossart, the fund’s new head, plans to establish the fund as a venture investor of choice for startups within the robotics, fulfillment, and logistics space.
- The fund will also expand to invest in transportation, including autonomous vehicles and last-mile technologies.
- Bossart sees potential in Europe and Asia and would like the fund to shift towards investments in later-stage companies.