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Berkshire Grey to go public via merger with Steve Case SPAC
February 25, 2021
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Berkshire Grey
, a warehouse robotics developer, has agreed to merge with a blank-check company founded by former Maryland congressman
John Delaney
and
Revolution
founder
Steve Case
. The transaction with
Revolution Acceleration Acquisition Corp.
will value the combined company at up to $2.7 billion. In 2018, Berkshire Grey was valued at $224 million, according to PitchBook data. Its backers include
SoftBank
,
Khosla Ventures
,
NEA
and
Canaan Partners
.
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