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Simbe Robotics Secures $28 Million in Series B Funding

Simbe Robotics Secures $28 Million in Series B Funding

July 18, 2023

South San Francisco, California - Simbe Robotics, a leading provider of automation solutions for the retail industry, announced today the successful completion of its Series B funding round, raising a total of $28 million. The investment was led by Eclipse, a prominent venture capital firm known for its strategic investments in cutting-edge technology companies.

Simbe Robotics, founded by Brad Bogolea, is revolutionizing the retail industry by automating various aspects of the shopping experience. With its flagship product, Tally, Simbe Robotics has introduced the world's first fully autonomous shelf auditing and analytics solution. Tally empowers retailers with unparalleled visibility and valuable insights into the state of merchandise within their stores.

By working hand-in-hand with retail associates, Tally equips them with real-time information, ensuring products are consistently stocked, correctly positioned, and accurately priced. The innovative technology enhances the efficiency of retail operations and enables stores to deliver a seamless shopping experience to their customers.

Brad Bogolea, the visionary founder of Simbe Robotics, expressed his enthusiasm about the successful funding round, stating, "We are happy to have Eclipse join us on our journey to reshape the retail industry. With their support, we will accelerate the development of innovative solutions and expand our global footprint."

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