Target Global is a prominent European technology investment firm with a significant presence in the venture capital landscape, boasting over €3 billion in assets under management.  The firm operates out of key tech hubs including London, Berlin, Tel Aviv, and Abu Dhabi, and has a rich portfolio featuring some of Europe's most successful tech companies such as Revolut, Auto1, Copper, Delivery Hero, Docplanner, and Rapyd. Founding and Growth Target Global was established in 2015 by Shmuel Chafets and Yaron Valler, who brought a wealth of experience from their tenure at Hasso Plattner Ventures. Their professional partnership dates back 15 years to their time at Giza Venture Capital, a trailblazer in Israel's investment ecosystem, where they honed their investment acumen and industry foresight. Investment Philosophy and Impact Target Global stands out in the European tech industry for its diverse team and its ability to identify and capitalize on unique opportunities. The firm's knack for recognizing potential in the early stages of Germany's tech economy led to the emergence of several unicorns in the 2010s. As the European tech industry evolves, Target Global remains at the forefront, seeking out innovative companies like Robovision, Saleor, and Finom. These recent investments reflect the firm's commitment to supporting cutting-edge technology and business models. Fundraising Successes Target Global's fundraising prowess is evident in its six investment funds, which have collectively raised significant capital. The funds range from Early Stage Funds, focusing on nascent startups, to Growth Funds that support more mature companies scaling their operations. The firm's co-investment strategy has led to over €1 billion in capital deployment across a diverse array of partnerships. Backing and Achievements With the backing of investors such as FERI, UBS, Allianz X, Mubadala, and Hermes GPE, Target Global has cemented its reputation as a trusted and successful investment firm. Its portfolio spans over 140 companies at various development stages, with a focus on those targeting trillion-dollar markets. Just a few of the many notable companies in the firm’s portfolio include: - Tarabut, MENA’s leading open banking platform, which was recently featured in Forbes Middle East’s list of Top 50 Fintech Companies. - Flo Health, an AI-driven women’s health product, which is the world’s top health and fitness app by downloads. - Robovision, an easy-to-use AI-driven computer vision platform for users to develop their own deep-learning-based solutions. - Enter, a German company that helps homeowners and businesses reduce their carbon footprint. Target Global's track record includes support for 15 unicorn companies, over 20 exits, and 7 IPOs, showcasing its ability to drive growth and success in the European tech ecosystem. The team, comprised of individuals with founder and operator backgrounds, continues to pursue exceptional opportunities to expand the firm's portfolio and influence. Target Global's journey from its inception to its current status as a key player in European venture capital is marked by strategic investments, a commitment to diversity, and a deep understanding of the tech industry's dynamics. With a clear vision for the future, Target Global is poised to continue its role in shaping the next wave of European tech giants.

Target Global

Emerge is an early stage, Tel-Aviv based Venture Capital firm, partnering with exceptional tech-innovators and helping them do whatever it takes to win.

Emerge Ventures

INT3

Ibex Investors is a US based investment firm that invests in both public and privately held companies (Seed through IPO/acquisition) across enterprise software, cybersecurity, mobility, and other domains through its various funds. The firm was founded in 2003 and is headquartered in Denver, Colorado with an office in Tel Aviv.

Ibex Investors

Xpand (formerly 1MRobotics)

Xpand (formerly 1MRobotics) empowers retailers to grow their market footprint, build consumer loyalty, and access previously unreachable locations with an innovative retail format never seen before. The unmanned stores from Xpand can be deployed or redeployed effortlessly as plug-and-play units, allowing entry into new markets, real estate optimization, and improved consumer experiences. Retailers can now engage with customers at every touchpoint - near their homes, workplaces, or in transit - offering seamless, 24/7 shopping with minimal effort, low costs, and rapid deployment, all while increasing profitability.

1MRobotics is an Israel-based provider of robotic nano-fulfillment solutions. The company offers an off-the-shelf fulfillment solution, designed specifically for the direct-to-customer fulfillment needs of retail, grocery, and consumer packaged goods companies. Company’s nano-fulfillment solution utlizes two-armed pick and pack robots and is designed to function as a standalone unit housed inside a shipping container.&nbsp;

Speeding up sales, cutting costs, and preparing for the future of retail—whether brick-and-mortar or online.

Retail Industry Robots

1MRobotics

1MRobotics Unveils Autonomous Store with Nano Fulfillment System to Revolutionize Retail

1MRobotics is an Israel-based provider of robotic nano-fulfillment solutions. The company offers an off-the-shelf fulfillment solution, designed specifically for the direct-to-customer fulfillment needs of retail, grocery, and consumer packaged goods companies. Company’s nano-fulfillment solution utlizes two-armed pick and pack robots and is designed to function as a standalone unit housed inside a shipping container.&nbsp;1MRobotics is designed to be seamlessly integrated into the existing logistical infrastructure of a retail operation and is capable of transforming small spaces (e.g., 300 sq ft) into a fully automated micro-fulfillment center. The robot reportedly works 3x faster than a trained employee and spends nine seconds per item on average to pick and pack an item.&nbsp;

RADAR provides an integrated hardware and software solution powered by RFID with computer vision technology for automated inventory monitoring and autonomous checkout for retailers. The company’s technology was developed in-house, using proprietary signal processing technology and location algorithms.RADAR’s inventory monitoring solution provides real-time inventory insights and can reportedly track inventory location with slight movements. It enables retailers to track customer interactions with inventory, down to item levels.&nbsp;RADAR’s software also uses computer vision and RFID to monitor customer-product interactions within the stores and maintains a virtual cart of items picked up by customers, facilitating automated checkouts.&nbsp; &nbsp;&nbsp;Key customers and partnershipsAs of August 2023, the company had implemented its platform across over 1,000 stores.

RADAR

Based in France, Exotec develops an automated order picking system named “Skypod” for retailers, which is capable of prioritizing orders for optimum responsiveness by automating the movement of goods from bin storage to workstation.The company’s Deepsky software uses mathematical models to control its fleet of bin-carrying robots to ensure continuous activity. Deepsky software can be integrated with Exotec’s software and third-party automation equipment. It can also collect data for improved performance visibility. The Skypod system can be integrated with the rest of the warehouse logistics chain or used as a standalone fulfillment system.Key customers and partnershipsExotec’s retail customer partnerships include retailers such as Carrefour, Ariat, Supplyweb, Cdiscount, and Monoprix. As of April 2023, Exotec had deployed 5,000 Skypod robots.Exotec partnered with Advanced Handling Systems (AHS), a system integrator and provider of material handling and storage systems, to deploy Exotec’s solution in North America. AHS has deployed Exotec’s solutions for Ariat International, Comoto Holdings, and Gymshark.

Exotec 

Chile-based Zippedi provides autonomous mobile robots for inventory fulfillment and store management via its robot Bruno. The robot is 70 centimeters tall, weighs 30 kilos, and uses&nbsp; AI to detect insufficient inventory, incorrect price labels, and misplaced items. Bruno is equipped with high-resolution cameras and various sensors for generating real-time information.&nbsp;In July 2020, the company introduced more features to help retailers better manage their inventory by adding a mapping feature for third-party platforms enabling them to identify the specific aisle to pick up items using their app. Zippedi also allows integration with third-party platforms. In January 2023, Zippedi launched Bruno App to enable retail employees to manage Bruno using their mobile devices.Key customers and partnershipsAs of January 2023, Zippedi’s Robots were available in 200 stores across North and South America, with plans to expand deployment to Australia and Germany. Bruno was initially deployed in five supermarkets in Chile in October 2019, including Cencosud,&nbsp; Tottus, Home Center, and Walmart.In <a href="https://sp-edge.com/updates/29105">April 2024</a>, Zippedi teamed up with supermarket chain SMU to deploy autonomous mobile robots (AMR) at Unimarc supermarkets. Zippedi planned to roll out the technology in six Unimarc stores across Chile.

Zippedi

BrainCorp is a software development company that specializes in AI systems for the autonomous robotic industry. The company develops specialized operating systems for autonomous robots, integrated with advanced machine learning and computer vision systems. The company’s pre-product work was doing R&amp;D for Qualcomm Inc. and the US Defense Advanced Research Project Agency (DARPA).&nbsp;&nbsp;Brain Corp’s key product offerings solutions include autonomous inventory management, which utilizes computer vision and RFID technology to monitor shelf inventory and generate inventory insights; “BrainOS Inventory Insights,” the company’s proprietary in-store inventory analytics solution; and inventory scanning robots to generate actionable inventory insights such as shelf-restock alerting, price tag compliance alerting, planogram compliance, and task management automation. The comapny’s solution utilizes Google Cloud's Vertex AI Vision models. In <a href="https://sp-edge.com/updates/26301">January 2024</a>, Brain Corp announced the launch of its “BrainOS InventoryAI Suite,” a suite of AI-powered inventory analytics solutions that enables retailers to integrate inventory intelligence into their operations.Brain Corp’s Floor Care solutions utilize advanced cameras and LiDAR sensors to manage fleets of floor cleaning autonomous mobile robots. Brain Corp’s technology also powers Inventory Scan, a floor-scrubber robot integrated with shelf analytics technology developed in partnership with Tennant. In January 2022, the company introduced BrainOS Mobile, which directly connects operators and managers with their BrainOS-powered robotic fleets. In September 2023, it launched <a href="https://sp-edge.com/updates/21622">Site Maps,</a> a feature that provides visual representations of a facility's environment and insights into site operations.Key customers and partnershipsAs of March 2024, BrainCorp had over 32,000 robots subscribed to the company’s BrainOS platform across autonomous floor scrubbing, autonomous vacuuming, and autonomous inventory scanning segments. In October 2022, Sam’s Club deployed floor-scrubber robots integrated with Brain Corp’s inventory scanner technology across 600 stores.&nbsp;BrainCorp’s operating systems power 1) Whiz, an autonomous vacuum cleaner sold by Softbank robotics and ICE Robotics, 2) Inventory Scan, and 3) <a href="https://sp-edge.com/updates/26301">Dane AIR</a>; an autonomous inventory scanning robot developed by Dane Technologies.&nbsp;It also announced the adoption of <a href="https://sp-edge.com/updates/10838?industryIds=17">Google Cloud</a> in May 2022 as the core technical infrastructure to manage its autonomous mobile robot (AMR) fleets to offer data integration and reporting capabilities to users. The company also has a partnership with JRTech Solutions, Canada's largest Electronic Shelf Labels (ESL) provider, to distribute BrainOS Sense Suite in Canada (<a href="https://sp-edge.com/updates/35635">October 2024</a>).

Brain Corp

Cosmose offers a customer analytics platform that helps in analyzing and predicting customer off-line shopping behavior. The company keeps track of the offline shopping behavior of over 1 billion people, using artificial neural networks to predict who is likely to visit a store. The platform provides insights on customers that did not make a purchase, window shoppers, and the customers that went into the fitting room (in fashion retail) but did not buy anything. Users can also connect with competitors’ customers as well to analyze their behavior. In order to protect the privacy of consumers, the company uses alphanumeric IDs named OMNIcookies which do not collect personal information. The company has offices in Europe and Asia.Key customers and partnershipsThe majority of the company’s customers are from China and Japan which includes Walmart, Marriott, Samsung, LVMH, and Shu Uemura. As of April 2023, Cosmose’s technology was used in over 20 million venues in Asia.In April 2023, Cosmose announced plans to apply Web3 principles to advance the company’s retail ecosystem as part of a strategic partnership with NEAR Foundation, a Web3 technology company.

Cosmose

Companies developing robots that offer directions, assist with queries, and provide in-store entertainment to customers while providing insights on customer behavior. 

Companies that develop autonomous cleaning and sanitation robots for use in retail floors. 

Companies developing stock counting, price tagging, and consumer data aggregation robots mainly targeted for use in supermarkets and department stores.  

Companies developing robotic technology for automated online order preparation solutions and micro-warehousing centers designed to assist SME retailers with order fulfillment.

Companies in “customer analytics” and “inventory management” often use technologies such as AI and ML

Almost all companies operating in micro fulfillment and floor cleaning segments use robotics

Companies in "customer analytics" and "inventory management" often makes use of technologies such as IoT

Compared with 4G, 5G is better suited for heavy density of professional service robots

1MRobotics

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