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Retail Series C Founded 2014

Simbe Robotics

Simbe Robotics develops a multimodal store intelligence platform for retailers, combining autonomous robotics, computer vision, and AI-powered automation to digitize store operations and drive on-shelf availability. The company's flagship product, Tally, is the world's first fully autonomous inventory robot that navigates store aisles using advanced computer vision to capture real-time data on product inventory,…

📍 San Francisco, United States · In Store Retail Tech,

Funding snapshot

Last roundSeries C
Amount$50M
Date15 October 2024
Total raised$104M
Team size103

About

Simbe Robotics develops a multimodal store intelligence platform for retailers, combining autonomous robotics, computer vision, and AI-powered automation to digitize store operations and drive on-shelf availability. The company's flagship product, Tally, is the world's first fully autonomous inventory robot that navigates store aisles using advanced computer vision to capture real-time data on product inventory, pricing, and planogram compliance across every SKU multiple times per day. The platform also includes Tally Spot (fixed sensors for monitoring high-turnover and high-risk areas), Tally RFID (advanced RFID sensors for soft goods and apparel), Simbe Virtual Tour (remote store navigation with high-definition views), Simbe Mobile App (near real-time alerts and prioritized task lists for store teams), and Simbe Brand Insights (actionable store-level insights for vendor partners). Simbe delivers measurable results including 98% on-shelf availability, 90% better price and promotion accuracy, 50% shorter e-commerce fulfillment times, and 50 hours per week rededicated to shoppers. The platform is used by the most retail banners worldwide across grocery, supercenters, wholesale clubs, home improvement, and alcoholic beverages. Founded in 2014 and headquartered in San Francisco, California, Simbe has raised approximately $103.9 million in a Series C round backed by Goldman Sachs, Valo Ventures, Eclipse, Pathbreaker Ventures, Venrock, HAX, Activant Capital, Future Shape, Riot, Pillar VC, and Half Court Ventures.

Business model

Professional Service Robots > Retail > Inventory Tracking,

In Store Retail Tech > Store Operations Management > In Store Robots

Institutional investors

Goldman Sachs Valo Ventures Eclipse Pathbreaker Ventures Venrock HAX Activant Capital Future Shape Riot Pillar VC Half Court Ventures Tectonic Ventures Presence Capital Cherubic Ventures Comet Labs

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