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Amazon Plans to Invest $1 Billion in Logistics and Robotics Companies

Robots sort and transport packages at the Amazon Air Hub in Hebron, Kentucky.

Robots sort and transport packages at the Amazon Air Hub in Hebron, Kentucky.

Photographer: Jeffrey Dean/Bloomberg

Amazon.com Inc. says it plans to invest $1 billion in companies developing technologies in logistics, supply chain management and safety, as the retailer seeks to keep an eye on new ideas that might aid its core business. 

The Seattle company on Thursday said it was launching the Amazon Industrial Innovation Fund, a venture investment program that will back companies “of all stages” working on technology to increase e-commerce delivery speeds and improve the experience of workers in warehousing and logistics. Amazon didn’t specify how many companies it aimed to invest in, or a timeline for the program.