Total amount raised
$221 Million
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 robotic systems designed to handle picking, packing, and sorting tasks in warehouses.
With backing from notable investors like FedEx and Cedar Pine, Nimble Robotics is poised to scale its fully autonomous fulfillment solutions. Keep reading to explore the intricacies of Nimble's fundraising journey and the investors supporting this innovative platform.
What Is Nimble Robotics?
Nimble Robotics, based in San Francisco, California, specializes in AI-powered robotic systems for autonomous fulfillment. The company operates within several industries, including AI, industrial automation, logistics, robotics, software, supply chain management, and warehousing.
Founded by Simon Kalouche, Nimble Robotics employs between 101-250 people. The company is known for its innovative solutions that automate the processes of picking, packing, and sorting products, serving a wide range of industries from apparel to electronics.
How Much Funding Has Nimble Robotics Raised?
- Series A
- Amount Raised: USD 50,000,000
- Date: March 2021
- Lead Investors: DNS Capital, GSR Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and refine the company's core technology and initial deployment of its robotic systems.
- Series B
- Amount Raised: USD 65,000,000
- Date: March 2023
- Lead Investors: Cedar Pine
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's fully automated 3PL warehouse services and enhance its intelligent robotic fulfillment system.
- Corporate Round
- Date: September 2024
- Lead Investors: FedEx
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic partnerships and further integration of Nimble's technology with FedEx's logistics network.
- Series C
- Amount Raised: USD 106,000,000
- Date: October 2024
- Lead Investors: Cedar Pine, FedEx
- Valuation at Round: USD 1,000,000,000
- Motivation Behind the Round: To scale the company's fully autonomous fulfillment solutions and expand its market reach.
Total Amount Raised: USD 221,000,000. Current Valuation: USD 1,000,000,000.
Key Investors
- Cedar Pine
- Details: Cedar Pine is a leading investment firm that focuses on high-growth sectors. They have been a significant backer in Nimble Robotics' Series B and Series C funding rounds.
- Investment Focus Areas: High-growth sectors, innovative technologies.
- Notable Investments: Specific notable investments are not mentioned in the sources.
- FedEx
- Details: FedEx is a global courier delivery services company headquartered in Memphis, Tennessee. They have invested in Nimble Robotics to integrate advanced robotic solutions into their logistics network.
- Investment Focus Areas: Logistics, supply chain management, technology.
- Notable Investments: Specific notable investments are not mentioned in the sources.
- DNS Capital
- Details: DNS Capital manages the assets of Gigi Pritzker and Michael Pucker, focusing on long-term investments. They participated in Nimble Robotics' Series A and Series B funding rounds.
- Investment Focus Areas: Long-term investments, sustainable growth, various industries.
- Notable Investments: Specific notable investments are not mentioned in the sources.
- GSR Ventures
- Details: GSR Ventures is a venture capital firm that invests in early-stage technology companies. They have been involved in Nimble Robotics' Series A and Series B funding rounds.
- Investment Focus Areas: AI, healthcare, enterprise software.
- Notable Investments: Specific notable investments are not mentioned in the sources.
- Breyer Capital
- Details: Breyer Capital is a global venture capital and private equity firm focused on catalyzing high-impact entrepreneurs in the technology sector. They participated in Nimble Robotics' Series B funding round.
- Investment Focus Areas: Technology, media, healthcare.
- Notable Investments: Specific notable investments are not mentioned in the sources.
What's Next for Nimble Robotics?
Nimble Robotics stands at the cusp of a transformative era in logistics, with opportunities to revolutionize the industry through its fully automated third-party logistics (3PL) services. By reducing warehouse space requirements by 75% and offering cost savings of up to 40%, Nimble's technology can cover over 96% of the U.S. population within one to two days. This positions the company to serve a vast market, particularly small and medium-sized businesses that lack the resources to build their own automated warehouses.
Future fundraising opportunities appear promising as Nimble continues to expand its network of autonomous fulfillment centers and enhance its AI-powered robotic systems. The successful Series B funding round, which brought the total raised to $115 million, indicates strong investor confidence and the potential for additional rounds to support further growth and technological advancements.
However, challenges lie ahead. Nimble must navigate competition from established players like Amazon and address technical hurdles in improving its robotic systems. Balancing the cost and time required to build new automation systems versus retrofitting existing ones will be crucial. Despite these challenges, Nimble's innovative approach and strategic partnerships position it well for continued success in the rapidly evolving logistics landscape.
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