INSUBCONTINENT EXCLUSIVE:
San Francisco-based robotics startup Simbe just announced a $26 million Series A
The round was led by Venrock and features Future Shape, Valo Ventures and Activant Capital
The company is one of several looking to automate the process of providing retail inventory.Simbe says the funding will go toward growing
its headcount, exploring new markets and accelerating the deployment of its existing robots
investors, both previous and new, provide much more than financial support
Bogolea said in a release
its inventory robot Tally since 2015
Soon after, Lemnos made an investment in the company
supermarket chain Giant Eagle announced plans to begin a pilot program deploying Tally in select stores
That announcement came a week or so after Walmart announced its own plan to pilot robots from Pittsburgh-based competitor, Bossa Nova.Other
retailers using Simbe robots include Schnuck Markets, Decathlon Sporting Goods and Groupe Casino
Along with the Series A, SoftBank Robotics is also providing an inventory financing agreement to help scale manufacturing for the company.
