Nimble: Raises $65M in Series B Funding

Nimble Raises $65M in Series B Funding

• Nimble, a San Francisco, CA-based autonomous logistics and AI robotics company, raised $65M in Series B funding
• The round, which brought the total amount to $115M, was led by Cedar Pine, with participation from existing investors DNS Capital, GSR Ventures, and Breyer Capital
• The company intends to use the funds to further build a nationwide network of next-generation autonomous 3PL fulfillment centers
• The company has been trained on millions of real-world objects and have learned material properties like size, shape, weight, texture, and fragility
• The robots use this AI to determine which one of its swappable grippers will work best for a given product and how to use those grippers to effectively grasp, handle and pack products