Total amount raised
$221 Millions
Latest funding date
10/01/2024
Location
Nimble Robotics has successfully raised $106 million in a Series C funding round, achieving a valuation of $1 billion. The company specializes in AI-powered robots that autonomously pick, pack, and handle millions of items across various sectors.
Keep reading to explore the intricacies of Nimble Robotics' fundraising journey and the investors backing this innovative platform.
What Is Nimble Robotics?
Nimble Robotics, founded in 2017 by Simon Kalouche, is headquartered in San Francisco, California. The company specializes in AI-driven robots that automate the processes of picking and packing products, significantly enhancing efficiency in logistics.
With a team of 101-250 employees, Nimble provides fully autonomous fulfillment services using intelligent AI-powered robots. These robots handle all core warehouse functions, including storage, retrieval, picking, packing, and sorting.
Nimble's technology has handled millions of items across various sectors for both Fortune 500 companies and high-growth brands. The company also offers transportation and cloud logistics services to optimize the entire supply chain.
How Much Funding Has Nimble Robotics Raised?
- Series A
- Amount Raised: $50M
- Date: March 2021
- Lead Investors: DNS Capital, GSR Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and scale their AI-driven robotics technology for logistics.
- Series B
- Amount Raised: $65M
- Date: March 2023
- Lead Investors: Cedar Pine
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build a nationwide network of next-generation autonomous 3PL fulfillment centers.
- Corporate Round
- Amount Raised: Not publicly disclosed
- Date: September 2024
- Lead Investors: FedEx
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance strategic partnerships and expand logistics capabilities.
- Series C
- Amount Raised: $106M
- Date: October 2024
- Lead Investors: Cedar Pine, FedEx
- Valuation at Round: $1 billion
- Motivation Behind the Round: To scale operations and further develop AI-powered robotics technology.
Total amount raised: $221M. Current valuation: $1 billion.
Key Investors
- Cedar Pine
- Details: Cedar Pine led the Series B funding round for Nimble Robotics. They are known for their strategic investments in technology-driven companies.
- Investment Focus Areas: Autonomous logistics, AI robotics, next-generation fulfillment technologies.
- Notable Investments: Not publicly disclosed.
- FedEx
- Details: FedEx is a global courier delivery services company. They have invested in Nimble Robotics to enhance their logistics capabilities.
- Investment Focus Areas: Logistics, transportation, supply chain management.
- Notable Investments: Not publicly disclosed.
- DNS Capital
- Details: DNS Capital is an investment firm that backs innovative technology startups. They have been an existing investor in Nimble Robotics.
- Investment Focus Areas: Technology startups, innovative solutions, AI.
- Notable Investments: Not publicly disclosed.
- GSR Ventures
- Details: GSR Ventures is a venture capital firm that typically invests in early-stage technology companies. They are an existing backer of Nimble Robotics.
- Investment Focus Areas: Early-stage technology, AI, robotics.
- Notable Investments: Not publicly disclosed.
- Breyer Capital
- Details: Breyer Capital is known for investing in technology and healthcare sectors. They have participated in the Series B funding round for Nimble Robotics.
- Investment Focus Areas: Technology, healthcare, AI.
- Notable Investments: Not publicly disclosed.
What's Next for Nimble Robotics?
Nimble Robotics is poised to revolutionize the logistics industry with its AI-powered robotic systems. The company is focused on building a nationwide network of next-generation autonomous 3PL fulfillment centers, targeting small and medium-sized businesses that lack the resources to create their own automated warehouses. This opportunity is vast, with the potential to cover 96% of the U.S. population within 1-2 days and offer significant cost savings compared to traditional logistics firms.
Given the successful Series B funding round, future fundraising opportunities seem promising. Investors are likely to continue backing Nimble Robotics as it scales its operations and enhances its technology. However, the company will face challenges such as high competition, technical hurdles, and potential regulatory issues. Despite these obstacles, Nimble Robotics is well-positioned to lead the charge in automated logistics solutions.
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