Simbe Robotics

Overview
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Retail Industry Robots?
Product stageSegments
Expansion
?
Inventory management
?

Simbe Robotics develops ‘Tally’, an autonomous inventory robot, which, when unveiled in 2015, was reportedly the world’s first fully autonomous robot for shelf auditing. In October 2020, an upgraded Tally 3.0 version was introduced which is equipped with autofocus capabilities, advanced sensors, a graphic processing hardware to process images locally, and improved durability. 

Tally’s original market focus was primarily CPG retailers. Since then, Tally has been given RFID capabilities and computer vision, which enabled the robot to cater to high-end retailers with a relatively smaller footprint (e.g. Decathlon). With the new RFID capability, Tally can provide insight into inventory levels on shelved products as well as on products that are not always shelved. It can also determine if the products are being sold at the right price. 

In December 2021, the company received a patent for a method that can detect the freshness of produce and meat in a store. The system uses computer vision to record images across a period of time and determine characteristics such as the level of ripeness, contaminants (if any), and whether the fruit or vegetable is damaged, bruised, or rotten. For meat, the system can assess the freshness, fat, and water content. 

In October 2024, the company launched Brand Insights, a platform that provides retailers and their vendor partners with real-time shelf analytics. The platform provides daily data on SKU-level shelf availability, out-of-stock items, precise item location, restocking needs, and promotion execution. 

Key customers and partnerships

As of July 2023, Tally Robots were available in over 500 stores.  Simbe’s customer network includes retailers such as Schnuck Markets, Giant Eagle, Decathlon Sporting Goods, Groupe Casino, Wakefern Food Corp, Northeast GrocerySpartanNash and CarrefourSA.

In July 2022, Simbe Robotics partnered with Fast Radius, a provider of digital supply chain and cloud manufacturing solutions, to streamline the manufacturing process of its robots. In May 2024, Simbe entered a partnership with electronics manufacturing services provider Plexus for the global production and distribution of its retail solution.

HQ location:
South San Francisco San Francisco CA USA
Founded year:
2014
Employees:
11-50
IPO status:
Private
Total funding:
USD 104.0 mn
Last Funding:
USD 50.0 mn (Series C; Oct 2024)
Last valuation:
-
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