# SoftBank and Symbotic form JV GreenBox Systems for AI-powered warehouses

SoftBank Group and Symbotic formed a joint venture called GreenBox Systems, majority-owned by SoftBank (65%), to build AI-powered warehouses. The firms invested $100 million total, and the JV signed a $7.5 billion contract to buy AI-powered systems from Symbotic over six years.

- Type: Partnership
- Announced: 2023-07-24
- Where: United States
- Value: $100.0M
- Status: announced
- Products: AI-powered warehouse automation systems
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [SoftBank Group](https://endata.com/companies/15862.md)
- [Symbotic](https://endata.com/companies/15130.md) (partner)

## Sources

- [aol.com](https://www.aol.com/news/softbank-forms-jv-build-ai-112530414.html), 2023-07-24: "The firms are investing a total of $100 million in the venture, which will be called GreenBox Systems."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.