Las Olas Venture Capital (LOVC) is an early-stage venture capital fund that invests in startups in various industries. Their core mission is to amplify the impact of founders building the future in nonobvious geographies and industries. As active lead investors with a concentrated early-stage portfolio, their support extends beyond capital. LOVC provides tailored strategic and operational guidance to our founders and connects them to our networks of capital, talent, and potential customers. Investment themes reflect their view on the emerging technologies and business architectures that they think will fundamentally impact how the world runs. LOVC focuses on investing in B2B software companies. This approach to B2B software investing stems from their deep operational expertise in scaling these types of companies and our conviction that a unique market opportunity exists for innovation within the enterprise. They believe that regardless of background or location, when determined, intelligent people make it their mission to solve a challenging problem and change the world, they often do. They are generalist investors within B2B and target investments in vertical SaaS, software-enabled marketplaces, and knowledge worker tools. Consumer-facing technology, hardware or service-based businesses, and industries like biotech and Web3 that require deep domain expertise to develop conviction fall outside their thesis. LOVC's investments typically demonstrate early product-market fit signals. $15-75K MRR is their sweet spot for recurring revenue businesses, but they understand that product market fit also manifests in other ways. LOVC invests in companies based in the Eastern United States.

Las Olas Venture Capital

Silicon Road Ventures (SRV) is an Atlanta-based, venture capital firm focused on building the future of commerce. SRV empowers retailers to take charge of their own future through investment in transformational innovation. Silicon Road’s ecosystem approach focuses on relationships and connects entrepreneurs, startups, retailers, enterprise organizations, investors and academics to build the future of global commerce tech across eCommerce, retail and CPG.

Silicon Road Ventures

Venture 53 is the only pure-play seed/early-stage fund with a built-in  accelerator specializing in transportation and logistics.

Venture 53

Davinci Micro Fulfillment

Davinci Micro Fulfillment® is a micro fulfillment as a service solution that partners with consumer brands and retailers to assist quick, forward fulfillment with an end-to-end solution that includes front-end merchandising,

Davinci Micro Fulfillment is a provider of micro-fulfillment as-a-service solutions for consumer brands and retailers. The company’s micro-fulfillment solutions are built around order orchestration and network optimization and are powered by data analytics and machine learning. Additionally to fulfillment services, the company’s solutions also include front-end merchandising and network optimization solutions. These include services such as assortment planning, strategic pricing, product detail pages (PDP) optimization, enhanced content development, and organizing the product mix in correct quantities at micro-fulfillment center (MFC) locations.

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

Retail Industry Robots

Davinci Micro Fulfillment Announces $3 Million Seed Round to Bring Total Funding to $10 Million

Davinci Micro Fulfillment is a provider of micro-fulfillment as-a-service solutions for consumer brands and retailers. The company’s micro-fulfillment solutions are built around order orchestration and network optimization and are powered by data analytics and machine learning. Additionally to fulfillment services, the company’s solutions also include front-end merchandising and network optimization solutions. These include services such as assortment planning, strategic pricing, product detail pages (PDP) optimization, enhanced content development, and organizing the product mix in correct quantities at micro-fulfillment center (MFC) locations.The company has six MFCs in California, Texas, Florida, Kentucky, New Jersey, and Colorado, with plans to open between 750 to 1,000 MFCs by 2030. The MFC locations are 50,000 sq ft or less and are claimed to be strategically located to minimize lead-time. Davinci provides one-day ground delivery to over 85% of the continental US and two-day delivery to over 99%. The company also claims to deliver 30% savings in fulfillment costs.Key customers and partnershipsDavinci has customers across a range of industries, including apparel, beverages, dry goods, toys, and home goods. It has a strategic partnership with Addverb Technologies, a developer of automation solutions for retail and warehouses, to utilize Addverb’s automation technology to launch and expand micro-fulfillment centers across North America (April 2022). In July 2023, it partnered with WARP, a provider of freight technology solutions for middle-mile optimization and visibility services across the US.

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

Davinci Micro Fulfillment

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