Simbe raises a $26M Series A for its retail inventory robot

TechCrunch | 9/12/2019 | Staff
Kezzerxx (Posted by) Level 3
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San Francisco-based robotics startup Simbe just announced a $26 million Series A. The round was led by Venrock and features Future Shape, Valo Ventures and Activant Capital. The company is one of several looking to automate the process of providing retail inventory.

Simbe says the funding will go toward growing its headcount, exploring new markets and accelerating the deployment oof its existing robots. The news also finds Nest’s Tony Fadell, Venrock’s David Pakman and Pathbreaker Venture’s Ryan Gembala joining the startup’s board.

Investors - Support - Advocates - Advisors - Knowledge

“Our investors, both previous and new, provide much more than financial support. They are advocates and trusted advisors who bring invaluable institutional knowledge to all facets of our business,” cofounder and CEO Brad Bogolea said in a release. “Both our equity financing partners and the SoftBank Robotics...
(Excerpt) Read more at: TechCrunch
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