Nimble Robotics designs and sells innovative medical devices for rehabilitation. Nimble Robotics, 65M, robotics: Everybody orders things online.
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The Costa Mesa, California-based startup locked up a Series E worth nearly 1.5 billion that values the company at 8.5 billion. Headquarters Regions European Union (EU) Founded Date May 11, 2017. Founded in 2019, the company has now raised nearly 117 million, per Crunchbase. Its 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. In a year where venture funding has slowed, defense and security firm Anduril helped close it with a big bang and raise. Venture capital money has poured into smart-city solutions: More than 900 smart-city startups have raised a combined 5 billion in recent years. Built Robotics transforms heavy equipment into autonomous robots for the 1 trillion earthmoving industry.
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The robots use this AI to determine which one of its swappable grippers will work best for a given product and how to use those grippers to effectively grasp, handle and pack products. That’s why I believe investments in smart-city technology, the software that helps cities manage and optimize their infrastructures, are so critical. Led by Founder and CEO Simon Kalouche, Nimble has been trained on millions of real-world objects and have learned material properties like size, shape, weight, texture, and fragility. The company intends to use the funds to further build a nationwide network of next-generation autonomous 3PL fulfillment centers.
The round, which brought the total amount to $115M, was led by Cedar Pine, with participation from existing investors DNS Capital, GSR Ventures, and Breyer Capital.
The company serves the apparel, footwear, health and beauty, consumer packaged goods, and electronics industries. Headquarters Regions European Union (EU) Founded Date May 11, 2017. It offers robotic fulfillment, transportation, and cloud logistics services. Nimble, a San Francisco, CA-based autonomous logistics and AI robotics company, raised $65M in Series B funding. Overview Nimble Robotics is a company specializing in autonomous logistics and AI robotics solutions.
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