Simbe Robotics Secures $50M in Series C Funding

Simbe Robotics has successfully closed a $50 million Series C funding round led by Goldman Sachs Alternatives, bringing its total funding to over $100 million. This capital will support the company's mission to meet rising demand for retail technology, enhance its product offerings, and expand its global reach. The funding follows significant achievements, including new partnerships with major retailers like SpartanNash and Albertsons, and the advancement of its autonomous item-scanning robot, Tally. Simbe's technology provides retailers with real-time insights into inventory and pricing, addressing the challenges of the 'last great data desert' in retail. CEO Brad Bogolea emphasized the company's focus on further developing its technical and commercial capabilities. With hundreds of robots already deployed, Simbe aims to solidify its market position in retail automation.