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Simbe Robotics Raises $26 Million for Autonomous Inventory Robots
Robots are coming for the grocery aisle, and that’s because they promise to save storeowners invaluable time by inventorying shelves of stock quickly and accurately. Research and Markets anticipates that the global brick-and-mortar automation market will be worth close to $18.9 million by 2023, which some analysts say could cut down on the billions of dollars in lost revenue traced to misplaced and erroneously priced items.
It’s this opportunity that drove Brad Bogolea, formerly a product manager at mesh networking firm Silver Spring Networks, to found Simbe Robotics in 2015. Together with Willow Garage robotics lab veterans Jeff Gee and Mirza Shah, he loftily sought to transform the retail industry with robots capable of keeping tabs on inventory. Only a few years later, Simbe’s machine — Tally — has navigated more than 25,000 miles in stores operated by over a dozen of the top 250 global brands, including Schnuck Markets, Giant Eagle, Decathlon Sporting Goods, and Groupe Casino.
You can read more at VentureBeat.
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