Nimble ® Robotics Raises $50 Million to Build the Future of On-Demand Robotic Fulfillment
Summary
• Sebastian Thrun, Founder of GoogleX and Waymo (Google’s self-driving car division), co-founder of Udacity and CEO of Kitty Hawk, former Director of Stanford’s AI Lab (SAIL) Nimble’s mission is to democratize affordable, on-demand fulfillment for every ecommerce retailer. 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. Catalyzed by the Covid-19 pandemic, eCommerce doubled in 2020, accelerating nearly 10 years of growth in the span of just a few months, according to McKinsey & Co. Finding reliable warehouse labor now ranks among the highest pain points for retailers as they attempt to maintain business continuity and simultaneously scale their fulfillment operations. “Nimble’s unique deep imitation learning approach has created a breakthrough platform with the ability to seamlessly handle the millions of objects shipped from fulfillment centers” according to Sunny Kumar, Partner, GSR Ventures. Nimble’s team brings world-class engineering talent from Stanford, Carnegie Mellon, MIT, Berkeley, Cornell, Ohio State, NASA, SpaceX, Tesla, Boston Dynamics, GoogleX and other leading technology companies and academic institutions.
Funding
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