Nimble, a San Francisco, CA-based autonomous logistics and AI robotics company, announced that it raised $65 million in a Series B financing, bringing its total capital raised to $115 million.
The round was led by Cedar Pine, with participation from existing investors DNS Capital, GSR Ventures, and Breyer Capital, among others.
The fresh capital will further Nimble’s goal of building a nationwide network of next-generation autonomous 3PL fulfillment centers.
Nimble's intelligent robotic fulfillment systems will autonomously pick, pack and ship eCommerce orders while reducing warehouse size by up to 75%. Nimble's network of robotic warehouses will provide brands 96%+ U.S. population coverage in 1-2 days and click-to-collect savings of up to 40% compared to legacy 3PL providers.
The company has assembled a team of leading executives who have scaled logistics operations at Amazon to scale its robotic 3PL fulfillment service. World-class engineers from NASA, SpaceX, Tesla, Boston Dynamics, GoogleX, as well as Stanford, Carnegie Mellon, and MIT, are working on Nimble's technological advancements.
“Finding and retaining warehouse labor, while meeting a 2-day delivery standard, is our customer’s number one operational problem. Brands want to leverage robotics and automation solutions to address this issue but are often challenged by the economics. Our autonomous fulfillment centers and 3PL service will give brands access to state-of-the-art robotic fulfillment systems in a cost-effective way without large upfront investment,” said Nimble’s Founder and CEO Simon Kalouche.
Company: Nimble Robotics, Inc
Raised: $65.0M
Round: Series B
Funding Month: March 2023
Lead Investors: Cedar Pine
Additional Investors: DNS Capital, GSR Ventures, and Breyer Capital
Company Website: https://www.nimble.ai/
Software Category: Robotic Picking Solutions
About the Company: Nimble is pioneering intelligent robotic manipulation to reinvent eCommerce fulfillment. The company’s mission is to invent an autonomous supply chain using next-gen AI robotics to power the future of fast, efficient, and sustainable commerce. Nimble provides end-to-end robotic picking solutions for goods-to-person picking, put-wall sorting, and induction for eCommerce order fulfillment. Nimble’s fleet of AI-powered robots intelligently pick, pack, and handle millions of products, from apparel and electronics to health and beauty, general merchandise, and consumer packaged goods (CPG) for iconic brands like Best Buy, Victoria’s Secret, PUMA, iHerb, Adore Me, and others. Nimble's founding team comes from the AI labs at Stanford and Carnegie Mellon.
Source: https://www.businesswire.com/news/home/20230316005174/en/Nimble-Launches-Next-Gen-Robotic-3PL-Service-Working-Towards-a-Fully-Autonomous-Fulfillment-Network-to-Give-eCommerce-Brands-Economical-2-day-or-Less-Delivery