financetom
Business
financetom
/
Business
/
Update: Market Chatter: Amazon Acquires Fauna Robotics
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Update: Market Chatter: Amazon Acquires Fauna Robotics
Mar 24, 2026 1:03 PM

03:59 PM EDT, 03/24/2026 (MT Newswires) -- (Updates with Amazon's ( AMZN ) response in the last two paragraphs.)

Amazon.com ( AMZN ) has entered the consumer humanoid market by acquiring Fauna Robotics, a New York-based startup, Bloomberg reported Tuesday, citing people familiar with the matter.

Amazon ( AMZN ) closed the Fauna transaction last week and did not disclose any financial details, according to the report.

Fauna has about 50 employees who will join Amazon ( AMZN ), while the company will continue deploying its humanoid robot Sprout to researchers, Bloomberg said.

An Amazon ( AMZN ) spokesperson said the tech giant is excited to execute Fauna's vision of building capable, safe, and fun personal robots. Fauna's employees, including the two founders, will join Amazon ( AMZN ) offices in New York City, according to the spokesperson.

The robotics startup will now operate as "Fauna, an Amazon ( AMZN ) company", the spokesperson added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 207.11, Change: -3.14, Percent Change: -1.49

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
India Morning Newsletter, August 20
India Morning Newsletter, August 20
Aug 20, 2025
To access a PDF version of this newsletter, please click here If you would like to receive this newsletter via email, please register at: https://solutions.lseg.com/MNCIndia-Subscriptionpage For an index of our newsletters click on ...
China's rare earth magnet exports hit six-month high in July
China's rare earth magnet exports hit six-month high in July
Aug 20, 2025
BEIJING (Reuters) -China's exports of rare earth magnets hit a six-month high in July, marking a persistent recovery in the flow of critical minerals used in electric vehicles and wind turbines after a Sino-U.S. trade deal. Exports in July from the world's largest rare earth magnet supplier rose nearly 75% from June to 5,577 metric tons, rising for a second...
Labubu-maker Pop Mart executives are bullish on animation, theme parks, global expansion
Labubu-maker Pop Mart executives are bullish on animation, theme parks, global expansion
Aug 20, 2025
SHANGHAI (Reuters) -Pop Mart executives said on Wednesday they are optimistic about opportunities for the firm's proprietary art toys, including smash hit ugly-cute Labubu doll, to star in animated films and theme park attractions. Executives, speaking at a conference with analysts following Pop Mart's record half-year results earlier, also said further geographic expansion to emerging markets such as the Middle...
Trump blasts appeals court for halting Resolution Copper land transfer
Trump blasts appeals court for halting Resolution Copper land transfer
Aug 20, 2025
* Trump says 'radical left court' trying to block Resolution Copper project * Post came after Trump met at White House with CEOs of Rio, BHP * Court calls for briefings to be filed by October 14 * San Carlos Apache tribe says Trump should avoid 'disastrous decision' (Adds statement from San Carlos Apache tribe in paragraphs 8, 9, 11,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved