CommonSense Robotics, a Tel Aviv, Israel-based on-demand technologies using AI and advanced robotics, raised $20m in Series A funding.
The round, which brings total funding to $26m, was led by Playground Global and includes previous investors Aleph VC and Eric Schmidt’s Innovation Endeavors.
The funds will be used to scale up the company’s facility deployment rate, develop their next generation of robotics and AI, and expand global operations and sales.
Led by CEO Elram Goren, CommonSense develops Advanced Robotics and AI to enable one hour, last-mile grocery deliveries.
The company’s solution enables retailers to up-end and shorten the grocery supply chain by transforming underutilized urban retail space into high capacity Micro-Fulfilment Centers, where robots will efficiently store, sort, and process inventory.
This allows retailers of all sizes to keep their inventory close to customers – not in hangars far removed from cities – and offer on-demand delivery propositions.
The company is currently deploying the first generation of its robots in its first operational facility, and has plans to open more facilities in the United States, UK and Israel in 2018.
FinSMEs
15/02/2018