CommonSense Robotics raises $20 million in early stage funding round

Its robots help shorten delivering time of groceries by retailers.

CommonSense Robotics, an Israeli startup, whose technology enables retailers to provide fast affordable delivery services, stated it has raised $20 million in an early-stage investment round, bringing its total funding to $26 million.

The latest funding round was led by Playground Global and included previous investors including Eric Schmidt’s Innovation Endeavors and Aleph.

CommonSense Robotics will use the new raised funds to scale up the deployment rate of its existing product line as well as develop the next generation line of artificial intelligence and robotics to expand its global operations.

According to a statement by the firm, its solution enables retailers to shorten the supply chain by using underutilized urban retail space into centers where its robots can efficiently store, sort and process inventory. Since this help retailers keep their inventories close to their customers, there is an increase in delivery time.

CommonSense Robotics has begun deploying its robots in facilities in Israel, UK and in the US.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s