Nimble, a San Francisco, CA-based AI robotics and autonomous e-commerce fulfillment technology company, raised $106M in Series C funding at a $1 billion valuation.
The round was led by FedEx and co-led by existing shareholder Cedar Pine. As part of their strategic alliance, FedEx has entered into a commercial agreement to scale its FedEx Fulfillment service using Nimble’s technology and fully autonomous 3PL model.
The company intends to use the funds to scale robot manufacturing and system deployments while enabling further investments in R&D towards its mission of inventing autonomous logistics.
Led by CEO Simon Kalouche, Nimble develops next-generation autonomous e-commerce fulfillment centers — end-to-end turnkey warehouses that operate at a fraction of the cost and complexity of today’s leading goods-to-person based warehouses. Nimble’s core technology is an intelligent, general-purpose warehouse robot that can perform all core fulfillment tasks. Paired with the Nimble Cloud Logistics Platform, the solution replaces dozens of complex fulfillment systems, resulting in warehouses that are simpler, more reliable and easier to install, operate, maintain, and scale. The platform offers omni-channel brands with a WMS, OMS, TMS, IMS, and RMS solution that manages and optimizes their logistics operations and also delivers real-time visibility and control across the entire supply chain.
FinSMEs
23/10/2024