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DateDate: 24-10-2019, 05:47
Fabric's Israeli start-up platform for retail logistics (formerly CommonSense Robotics) raised $ 110 million as part of its second funding phase.
The company, based in New York and Tel Aviv, has developed robots and software that allow retailers to optimize delivery operations and deliver goods to customers as soon as possible.
Read also: Jewish investors invested in a cloud developer
The company was founded in 2015 by brothers Elram, Eyal Goren and Ori Abraham, and since its founding it has raised 136 million dollars.
Fabric employs 150 people, most of them in Israel, and they will use the new funds to grow in the United States.