Robotic e-commerce fulfilment company Nimble Robotics has secured US$50m (£36m) in a Series A financing round.
The funds will be used to help Nimble double the size of its team and further develop its platform, which utilises deep imitation learning to helps the company’s robotic solution map and improve through imitation.
Simon Kalouche, Nimble’s CEO, said: “Instead of letting it sit in a lab for five years and creating this robotic application before it’s finally ready to deploy to the real world, we deployed it today.
“It’s not fully autonomous – it’s autonomous maybe 90 to 95% of the time. The other 5 to 10% is assisted by remote human operators, but it’s reliable on day one, and it’s reliable on day 10,000.”
Nimble’s fleet of AI-powered robots pick, pack, and handle products spanning from the apparel and electronics sectors to beauty, general merchandise and grocery items.
The company said its recent growth had been catalysed by the Covid-19 pandemic, with e-commerce surging in 2020.
“There is no fulfilment solution that can handle double the orders, fulfil them in half the time, with half the staff, for half the cost,” said Kalouche.
“Our next-gen robotics technology will allow retailers and grocers of all sizes to have the fastest and most affordable fulfilment.”
The Series A investment round was led by DNS Capital and GSR Ventures with participation from Accel and Reinvent Capital among others.
