Nimble Raises $106 Million in Series C Funding to Revolutionize Autonomous Fulfillment Technology

Nimble, a company focused on AI robotics and autonomous e-commerce fulfillment technology, has successfully closed a $106 million Series C funding round, leading to a $1 billion valuation. FedEx led the funding round, with co-leadership from existing shareholder Cedar Pine LLC. The strategic alliance between Nimble and FedEx involves a commercial agreement to scale FedEx's Fulfillment service using Nimble's technology and fully autonomous 3PL model.

Nimble plans to strategically utilize the new capital to scale robot manufacturing, system deployments, and further investments in research and development. The company aims to revolutionize warehouse operations with its intelligent general-purpose warehouse robot, capable of performing core fulfillment functions including storage and retrieval, picking, packing, and sorting, thereby offering a versatile and comprehensive fulfillment solution.

Nimble's autonomous fulfillment centers are controlled by its Cloud Logistics Platform, providing omni-channel brands with an all-in-one logistics solution managing and optimizing their operations. The strategic alliance with FedEx is expected to streamline operations and unlock new opportunities for customers. Nimble's mission is to invent autonomous logistics using AI robotics to enable fast, efficient, and sustainable supply chains.