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General Partner at Automotive Ventures | Author of "The Future of Mobility" | Author of "The Future of Automotive Retail" | Author of the weekly "Intel Report": sign-up at automotiveventures.com

Nimble, a pioneering AI robotics and autonomous e-commerce fulfillment technology company, closed a $106 million Series C funding round elevating the company to a $1 billion valuation. The funding round was led by FedEx and co-led by existing shareholder Cedar Pine. As part of their strategic alliance, FedEx has entered into a commercial agreement to scale its FedEx Fulfillment service using Nimble's technology and fully autonomous 3PL model. The new capital will be strategically deployed to scale robot manufacturing and system deployments while enabling further investments in R&D towards Nimble’s mission of inventing autonomous logistics. More than?90%?of warehouses today still operate manually with minimal or no robotics. Even in today’s most automated warehouses, the limited intelligence of robots has restricted their utility to just a few warehouse functions—primarily storage and retrieval. Nimble has broken through these limitations by developing an intelligent general-purpose warehouse robot—the first of its kind capable of performing all core fulfillment functions including storage and retrieval, picking, packing, and sorting, making it the most versatile robot and turnkey fulfillment solution in the market. https://lnkd.in/eEW4CMw9

Nimble Closes $106 Million Series C Funding Round, Scales Fully Autonomous Fulfillment with FedEx

Nimble Closes $106 Million Series C Funding Round, Scales Fully Autonomous Fulfillment with FedEx

businesswire.com

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