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        Retail automation company Simbe secured USD 50 million in Series C funding round led by Growth Equity at Goldman Sachs Alternatives, with participation from Eclipse, Valo Ventures, and other existing investors. The round brings Simbe's total funding to over USD 100 million.
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        The funding will be used to meet the increasing demand for retail technology across verticals, expand into new product areas, scale solutions globally, and grow Simba&rsquo;s team.
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    <a href="https://www.globenewswire.com/news-release/2024/10/24/2968475/0/en/Simbe-Raises-50-Million-in-Series-C-Funding-Led-by-Growth-Equity-at-Goldman-Sachs-Alternatives.html">
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Retail Industry Robots

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 <p>Retail automation firm Simbe has garnered USD 50 million in a Series C funding round. The round was spearheaded by Growth Equity at Goldman Sachs Alternatives, and saw participation from Eclipse, Valo Ventures, and other current investors. With this, Simbe's total funding has exceeded USD 100 million.</p>
 <p>The funding will be exploited to cater to the growing demand for retail technology across verticals, expand into new product domains, scale solutions globally, and expand Simbe's team.</p>
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Simbe raises USD 50 million in Series C funding to scale retail automation

PROMINENT_CATEGORY

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 <p>Brain Corp, an AI systems developer for autonomous robots, has formed an exclusive distribution partnership with JRTech Solutions, the largest Electronic Shelf Labels (ESL) provider in Canada, for their BrainOS Sense Suite inventory management platform.</p>
 <p>With this partnership, Brain Corp's novel platform, along with JRTech Solutions' Pricer ESL platform, offers a comprehensive solution to retailers for autonomous in-store inventory management, product tracking, data analysis, and accurate product pricing and shelf stocking control.</p>
 
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Brain Corp partners with JRTech Solutions for inventory management in Canada

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 <p>Simbe has introduced Brand Insights, a platform developed to offer real-time shelf analytics to retailers and vendor affiliates. Available through the Simbe Mobile app, the platform is designed to create new revenue streams for retailers by sharing shelf data with vendors.</p>
 <p>Brand Insights supplies daily information relating to detailed stock keeping unit (SKU) availability, out-of-stock products, accurate item location, restocking requisites, and promotional campaign execution. The information can be accessed via reports and interactive dashboards, which can be utilised by store category managers, merchandisers, brands, and account managers.</p>
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Simbe launches Brand Insights platform for retail shelf analytics

INCUMBENTS_PRESENT

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 <p>Fabric, a company offering micro-fulfillment solutions, has teamed up with discount grocery chain Save A Lot and Uber to launch a micro-fulfillment center (MFC) in Brooklyn, New York. This center will handle online grocery orders made via the Uber Eats app.</p>
 <p>The MFC employs Fabric's cube-based robotic storage system and automation solutions. This technology can put together grocery orders of 50 items within six to eight minutes, allowing for 30-minute pickup and delivery times.</p>
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Fabric partners Save A Lot to launch micro-fulfillment center in New York

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 <p>Simbe Robotics, an autonomous inventory robot developer, has teamed up with CarrefourSA, a Turkish subsidiary of Sabanci Holding and Carrefour Group. They plan to launch Tally, an autonomous inventory robot, in chosen CarrefourSA stores.</p>
 <p>Tally functions three times a day, scanning the store aisles to confirm correct product stocking and labeling. The robot takes and processes images of shelves in real-time and checks for incorrect labels. This enables store staff to rapidly refill absent items.</p>

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Simbe expands Store Intelligence platform to CarrefourSA in Turkey

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 <p>Sensormatic Solutions, part of Johnson Controls, has partnered with AI-powered retail insights platform pass_by. The partnership will blend pass_by's shopper mobility data with Sensormatic's in-store traffic data to offer retailers a complete view of the path to purchase. </p>
 <p>Pass_by's almanac platform is a key offering in this collaboration, providing retailers with historical and prospective insights into any US-based store. This allows for foot traffic pattern analysis, benchmarking against owned stores or competitors, and viewing YoY trends. </p>
 <p>The insights offered by this partnership will assist retailers in optimizing staffing and floor plans, anticipating product demand, and making data-based decisions for future planning.</p>
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Sensormatic Solutions partners with pass_by for shopper mobility insights

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 <p>Simbe Robotics, a company that specialises in autonomous inventory robots, is broadening its alliance with Wakefern Food Corp, a retailer-owned supermarket cooperative based in the U.S. This expansion will see more deployments of Tally, Simbe's AI-powered robot, in additional ShopRite stores, such as those managed by Inserra Supermarkets and Shop-Rite Supermarkets.</p>
 <p>This growth is a result of successful pilot projects, which subsequently led to a larger expansion in 2023. At present, Wakefern Food Corp has utilised Tally robots in 70 ShopRite stores and intends to hire a dedicated advocate for Wakefern owner groups, to strengthen this increasingly growing partnership.</p>
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Simbe expands partnership with Wakefern Food Corp to deploy Tally inventory bots

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 <p>The autonomous inventory robot developer, Simbe Robotics, has partnered with the supermarket chain, Northeast Grocery, to launch the Tally autonomous inventory robots in select stores.</p>
 <p>These robots will be used in Price Chopper, Market 32, and Tops Friendly Markets stores across six states, using AI to navigate store aisles and scan shelves for out-of-stock items and pricing discrepancies.</p>
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Simbe partners with Northeast Grocery to deploy Tally inventory robots in select stores

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 <p>Sensormatic Solutions, a subsidiary of Johnson Controls, collaborates with HappyOrNot to launch Brand Vitality Meter, a new tool designed for retailers to measure customer experience. The innovative solution merges customer feedback collected from HappyOrNot's Smiley devices with traffic data provided by Sensormatic Solutions. By doing so, retailers are enabled to evaluate customer satisfaction in relation to various store performance parameters, which subsequently assists in optimizing in-store experiences and bolstering overall brand health. </p>
 <p>The Brand Vitality Meter primarily focuses on three crucial aspects: customer experience, shopper sentiments, and store performance. The objective of this tool is to aid retailers in making data-driven decisions to improve operational activities and customer satisfaction across several touchpoints that include not only in-store but also ecommerce channels.</p>
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Sensormatic Solutions partners with HappyOrNot to launch Brand Vitality Meter for retailers

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 <p>Online grocer and food logistics group, Ocado, has teamed up with Coles, an Australian retail chain, to open two robot-operated customer fulfillment centers (CFCs) in Australia. These facilities, located in Sydney and Melbourne, utilize the automated Ocado Smart Platform and are designed to provide enhanced freshness and efficiency for Coles customers. Although opening was delayed by a year, the centers are now fully operational, expanding the global tally of Ocado's CFCs to 25. This alliance, which was first established in 2019, is predicted to strengthen Coles' presence in Australia's evolving online grocery market.</p>
 
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All Updates

Simbe raises USD 50 million in Series C funding to scale retail automation

Brain Corp partners with JRTech Solutions for inventory management in Canada

Simbe launches Brand Insights platform for retail shelf analytics

Fabric partners Save A Lot to launch micro-fulfillment center in New York

Simbe expands Store Intelligence platform to CarrefourSA in Turkey

Sensormatic Solutions partners with pass_by for shopper mobility insights

Simbe expands partnership with Wakefern Food Corp to deploy Tally inventory bots

Simbe partners with Northeast Grocery to deploy Tally inventory robots in select stores

Sensormatic Solutions partners with HappyOrNot to launch Brand Vitality Meter for retailers

Ocado and Coles launch two customer fulfilment centres in Australia

Retail Industry Robots

Simbe raises USD 50 million in Series C funding to scale retail automation

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