SAN FRANCISCO, June 29, 2017 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today announced a strategic partnership with Plug and Play, a global startup ecosystem and venture fund specializing in the development of early-to-growth stage technology startups in the Supply Chain and Logistics vertical.
Prologis will provide mentorship and space in its logistics real estate properties to a select group of startups in the Plug and Play accelerator program to pilot new technologies. Prologis joins DHL, Maersk, Panasonic, Hitachi, Mann+Hummel, CMA CGA, Daimler, Deutsche Bahn, Swiss Post, BASF, Union Pacific Railroad and Ericsson as partners with Plug and Play.
"Prologis will collaborate with startups and industry leaders—many of which are Prologis customers—to develop the next generation of supply chain technology," said William O'Donnell, Senior Vice President, Prologis. "With our continued focus on streamlining operations to better serve our customers, we're making strides in driving the future of logistics facilities. This is reflective in our leading-edge building features such as solar and lighting installations, and new building designs such as multistory facilities. We look forward to exploring and integrating a range of new capabilities, including advanced analytics, IoT and other innovations within the supply chain."
"Plug and Play launched this new initiative to find new technologies for the supply chain. This is one of the greatest opportunities for corporations to innovate and transform the future of the industry," said Saeed Amidi, Founder and CEO of Plug and Play. "We're excited to have Prologis join the program and to further support their innovation strategy."
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of March 31, 2017, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 678 million square feet (63 million square meters) in 19 countries. Prologis leases modern distribution facilities to a diverse base of approximately 5,200 customers across two major categories: business-to-business and retail/online fulfillment.
About Plug and Play Tech Center
Plug and Play is a global innovation platform. We connect startups to corporations and invest in over 150 companies every year. Since inception in 2006, our programs have expanded worldwide to include a presence in 22 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 6,000 startups and 180 official corporate partners, we have created the ultimate startup ecosystem in many industries. We provide active investments with 200 leading Silicon Valley VCs, and host more than 365 networking events per year. Companies in our community have raised over $6 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club, PayPal, SoundHound, and Zoosk. For more information, visit www.plugandplaytechcenter.com/supply-chain
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SOURCE Prologis, Inc.