With the accelerated growth of e-commerce and online fulfillment operations over the last 24 months, Nimble is positioned to take advantage of the continued investment in warehouse infrastructure and automation solutions. Today, Nimble robots are deployed in fulfillment centers across the United States picking over 100,000 items per day for customers including several Fortune 500 retailers. Nimble’s fleet of AI-powered robots intelligently pick, pack, and handle millions of products, spanning from apparel and electronics to beauty, general merchandise and grocery items. The company has positioned itself as an artificial intelligence company developing solutions for robotics. Nimble provides automated end-to-end piece-picking, sorting, and packing solutions for e-commerce order fulfillment. The company also announced the appointment of two additional seats to its board of directors: Stanford University professor, Fei-Fei Li and Sebastian Thrun, currently CEO of Kitty Hawk and founder of GoogleX and Waymo, and co-founder of Udacity. The company plans to accelerate hiring, product and technology development, and continue the scaling of robot deployments for its customer’s fulfillment operations.
#Nimble robotics series#
Nimble Robotics, Inc., a robotics and e-commerce fulfillment technology company, announced a $50 million Series A financing round led by DNS Capital and GSR Ventures with participation from Accel and Reinvent Capital among others. Nimble Robotics provides a direct solution to the challenges facing warehouse fulfillment automation.Nimble founder and CEO Simon Kalouche | Photo credit: Business Wire
Until now, companies have struggled to develop robots that can handle the multitude of product types, while retailers have been hesitant to adopt automation because of the high costs. Our next-gen robotics technology will allow retailers and grocers of all sizes to have the fastest and most affordable fulfillment.” We’ve assembled an all-star team of engineers to build the future of autonomous on-demand fulfillment to solve this problem. According to McKinsey & Company, e-commerce doubled in 2020, an increase equivalent to 10 years of growth that occurred over the span of a few months.Īccording to Kalouche: “There is no fulfillment solution that can handle double the orders, fulfill them in half the time, with half the staff, for half the cost. While COVID-19 has spelled the end for many businesses, e-commerce and automation companies found themselves in high demand. How COVID-19 Increased Demand for Automated Warehouse Fulfillment In addition to a successful Series A funding round, Nimble is adding two important names to its board of directors: Fei-Fei Li, Sequoia Professor of Computer Science at Stanford University and also a seed investor, as well as Sebastian Thrun, co-founder of GoogleX and Udacity and CEO of Kitty Hawk. According to Kalouche, Nimble’s system is 90 to 95% autonomous, leaving only 5 to 10% of operations to be performed by remote human operators. The company uses deep imitation learning to create AI-powered robots for intelligent picking, packing, and handling of millions of products.ĭeep imitation learning is a popular concept in robotics that helps systems map and improve performance through imitation. Nimble Robotics was founded by former Stanford Ph.D. The funding will speed up the company’s hiring plans, scaling of robot deployment, and further product development. Nimble Robotics, a warehouse automation company, has raised $50 million in its Series A funding led by DNS Capital and GSR Ventures.
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