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- 7 months ago
Fabric, the Israeli startup formerly called CommonSense Robotics, has raised a $110 million Series B led by Corner Ventures, with support from various other investors: Aleph, Canada Pension Plan Investment Board, Innovation Endeavors, La Maison, Playground Ventures, and Temasek.
Founded in Tel Aviv back in 2015, Fabric provides “last-mile logistics” to help retailers of all sizes adopt on-demand fulfillment. The key is placing the logistic automation close to the end-consumer, so orders are completed locally in a network of micro-fulfillment centers.
The Israeli startup has raised $135 million to date, the last round a $20 million Series A in February 2018. This Series B will fuel expansion through US, where the company is currently building a network of its micro-fulfillment centers. The investment will also go towards growing the sales, operations, and technical support teams in the US, as well as the engineering teams in Tel Aviv.