Fabric Raises $200M At An$1B+ Valuation For Robotics-Based Fulfillment Tech To Help E-Commerce Players Compete With Amazon
Fabric Raises $200M At An$1B+ Valuation For Robotics-Based Fulfillment Tech To Help E-Commerce Players Compete With Amazon
10/26/21, 10:59 AM
Money raised
$200 million
Amazon continues to be the 800-pound gorilla in the room for companies in the retail sector. Today, a startup called Fabric, which is building technology to help those other retailers — big and small — compete more squarely against that muscle specifically in fulfillment with robotics technology, “micro-fulfillment” centers and last-mile operations, is announcing $200 million in funding. It’s a big round at a big valuation — over $1 billion, Fabric says. The round underscores both the demand in the market and opportunity to challenge Amazon.
Company Info
Additional Info
Today, a startup called Fabric, which is building technology to help those other retailers — big and small — compete more squarely against that muscle specifically in fulfillment with robotics technology, “micro-fulfillment” centers and last-mile operations, is announcing $200 million in funding. It’s a big round at a big valuation — over $1 billion, Fabric says. When Fabric started in 2015, he said a lot of the company’s thinking was focused around groceries, since e-commerce penetration was very low, at about 1%.