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- Fabric
Fabric Valuation, Funding & Investors
Fabric is valued at $1B as of October 2021.
Last Fabric valuation
$1B
Series C · Oct 2021
Last Fabric funding round
$200M
Series C · Oct 2021
Cumulative funding Fabric raised
$336M
across 4 funding rounds
Key investors in Fabric
Innovation Endeavors
Aleph
Temasek
CPP Investments
Playground Global
Koch Disruptive Technologies
About Fabric
Fabric is a logistics platform operating micro-fulfillment centers to enable same-day delivery for retailers. Its network of automated facilities stores inventory near urban consumers, integrating with retailer systems via robotics and AI orchestration. Headquartered in Burlingame, California, Fabric partners with grocers like Wakefern Food Corp and supports 30-minute delivery windows. The company has expanded to multiple U.S. cities since 2019, processing millions of orders monthly.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Valuation
$1B (Oct 2021)
Fabric Valuation
Fabric is currently valued at $1B, based on its Series C in October 2021.
The $200M round was led by Temasek, with participation from KSH Capital, Princeville Capital, MSW Capital, CPP Investments, Koch Disruptive Technologies and 4 other investors.
Fabric valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2021 | Series C | $1B |
Fabric Funding History
Fabric has raised a total of $336M across 4 funding rounds.
Fabric's first fundraising round was a $6M seed round in August 2017. The most recent completed round was a $200M Series C in October 2021.
Fabric funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2021 | Series C | Temasek (lead); KSH Capital; Princeville Capital; MSW Capital; CPP Investments; Koch Disruptive Technologies; Aliment Capital; Harel Hamishmar; Union Tech Ventures; Wharton Equity Partners | $200M | $1B | Fabric is a retail technology company specializing in robotics-based fulfillment solutions, including micro-fulfillment centers and last-mile operations, to enable brands to compete with Amazon by placing inventory closer to customers. The company raised $200 million in a Series C funding round on October 26, 2021, led by Temasek Holdings with participation from investors including Aliment Capital, CPP Investments, Harel Hamishmar, Koch Disruptive Technologies, KSH Capital, MSW Capital, Princeville Capital, Union Tech Ventures, and Wharton Equity Partners. This round valued Fabric at over $1 billion post-money, highlighting strong market demand for its proprietary mesh network and intelligent robotic fulfillment technologies. Fabric's technology focuses on redefining supply chains through automation and efficiency, particularly targeting dense urban areas with high disposable income and limited storage. CEO Elram Goren noted that demand exceeded capacity at the time, with plans to expand beyond micro-fulfillment into broader supply chain integration while continuing hardware development. The funding supports scaling operations amid e-commerce growth, where fulfillment represents a $1 trillion opportunity. Prior to this round, Fabric had raised additional capital, bringing total funding to around $336 million across multiple rounds, with an earlier Series A valuation of $49.34 million in 2018. The company, founded around 2015, employs 501-1000 people primarily in transportation, logistics, and supply chain sectors based in Manhattan, New York. |
| Feb 2020 | Series B | Corner Ventures (lead); Temasek; Innovation Endeavors; Evolv Ventures; Aleph; CPP Investments; Playground Global; La Maison Compagnie d'Investissement | $110M | - | Fabric, an Israeli micro-fulfillment startup formerly known as CommonSense Robotics, raised $110 million in a Series B funding round in February 2020, led by Corner Ventures with participation from Aleph, CPP Investments, Innovation Endeavors, La Maison, Playground Global, and Temasek Holdings. The company, which had raised $136 million to date, specializes in production-proven micro-fulfillment platforms using proprietary robotics technology to enable faster, cheaper on-demand fulfillment and delivery at scale, targeting retailers for one-hour deliveries and efficient storefront restocking. Funds were allocated to accelerate US growth, including construction of a first micro-fulfillment center in the New York area operational in Q1 2020. Fabric's technology aims to reinvent urban logistics infrastructure, empowering retailers to compete in the on-demand world by integrating online and in-store fulfillment. CEO Elram Goren emphasized its role in transforming retail through world-class automation. Corner Ventures' Managing Partner John Cadeddu highlighted the vision for lower-cost, scalable deliveries. Subsequent rounds included a $200 million Series C in October 2021 led by Temasek at over $1 billion valuation, and a separate e-commerce Fabric entity (Seattle-based, led by ex-Amazon executives) raised $43 million Series A in February 2021 and $140 million Series C in 2022 at $1.5 billion valuation, but these differ from the robotics Fabric matching the 2020 investors and date. |
| Feb 2018 | Series A | Playground Global (lead); Innovation Endeavors; Aleph | $20M | - | Fabric (formerly CommonSense Robotics) is a robotics-based logistics startup founded in 2015 that develops automated micro-fulfillment centers combining hardware, software, and AI to enable retailers of all sizes to access on-demand fulfillment solutions, competing against Amazon in grocery and e-commerce sectors. Customers include Walmart, Instacart, FreshDirect, and plans for U.S. and Israeli expansion. Fabric's platform allows multi-tenant micro-fulfillment for SMBs lacking infrastructure, enabling profitable on-demand operations. In February 2018, Fabric raised a $20 million Series A round led by Playground Global, with participation from Aleph and Innovation Endeavors, aimed at scaling operations and enhancing its technology stack for fulfillment solutions. This followed a $6 million seed round in August 2017 led by Aleph and Innovation Endeavors to develop initial technology and establish market presence. The February 2018 round brought total funding to around $26 million at that point. Subsequent funding included a $110 million Series B in October 2019 led by Corner Ventures with Aleph, CPPIB, Innovation Endeavors, Playground, and others to expand U.S. automated fulfillment centers and launch a platform for client-owned micro-fulfillment sites. By 2021, total raised exceeded $336 million, with valuations reaching over $1 billion in later rounds like a $200 million raise, reflecting demand for its tech amid e-commerce acceleration. Fabric faced challenges like layoffs in 2023 (15% workforce cut) after Series C but continued operations with investors including Temasek and Union Tech Ventures. |
| Aug 2017 | Seed | Aleph (lead); Innovation Endeavors (lead) | $6M | - | Fabric raised $6 million in a seed round in August 2017 led by Aleph and Innovation Endeavors to develop initial technology and establish a market presence in the micro-fulfillment sector. The company builds robotics-based technology for micro-fulfillment centers and last-mile operations to help retailers compete with Amazon. Fabric has since scaled significantly, raising a total of $336 million across multiple rounds, including a $200 million Series C at over $1 billion valuation led by Temasek with participation from Koch Disruptive Technologies and others. Customers include Walmart, Instacart, FreshDirect, and grocery sector partners. The company operates in the U.S. and Israel, with plans to expand its network and technology applications. |
Who has invested in Fabric?
16 investors have backed Fabric across its funding rounds, including Innovation Endeavors, Aleph, Temasek, CPP Investments, Playground Global and Koch Disruptive Technologies.
Lead investors include Temasek, Corner Ventures, Playground Global, Aleph and Innovation Endeavors.
Fabric Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Aug 2017 | ||
| 3 | Lead | Aug 2017 | ||
| 2 | Lead | Feb 2020 | ||
| 2 | Participant | Feb 2020 | ||
| 2 | Lead | Feb 2018 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Feb 2020 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Lead | Feb 2020 | ||
This data is available for Pro users. Sign up to see all 16 Fabric investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialFabric Competitors
Fabric competitors include listed companies like Kodiak AI and Arcs Co, and private ones like Adept AI, Agile Robots AG, Flexiv and RADAR.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | $230M | - | $1B | 4.3x | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $4M | ($577M) | $768M | 98.7x | ||
| Publicly listed | $4B | $185M | $1.3B | 0.2x |
Fabric Public Comps
Fabric is still privately-owned, but its public comps include SEER Robotics, Hangzhou SF Intra-City, Reysaş Lojistik, CTT Correios de Portugal, Intelbras, Logwin, Afcon Holdings, NTG Nordic Transport, Heartland Express and Red Cat Holdings.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $66M | ($6M) | 13.2x | - | (156.2x) | - | |||
| $3.4B | $54M | 0.2x | 0.2x | 11.8x | 8.4x | |||
| $257M | $142M | 4.8x | - | 8.6x | - | |||
| $1.4B | $202M | - | - | - | - | |||
| $867M | $131M | 1.0x | 1.0x | 6.5x | 7.1x | |||
| $1.6B | $131M | 0.4x | 0.4x | 4.7x | 4.7x | |||
| $555M | $57M | 2.2x | - | 21.5x | - | |||
| $1.8B | $135M | 0.7x | 0.7x | 9.6x | 8.2x | |||
This data is available for Pro users. Sign up to see all Fabric competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Fabric
| When was Fabric founded? | Fabric was founded in 2015. |
| Where is Fabric headquartered? | Fabric is headquartered in New York City, NY, United States. |
| Is Fabric publicly listed? | No, Fabric is a private, VC-backed company. |
| What is Fabric's valuation? | Fabric was last valued at $1B in its Series C in October 2021. |
| How much funding has Fabric raised? | Fabric has raised $336M across 4 funding rounds. |
| What was Fabric's last funding round? | Fabric's last funding round was a $200M Series C in October 2021, led by Temasek. |
| Who are Fabric's investors? | Fabric's investors include Innovation Endeavors, Aleph, Temasek, CPP Investments, Playground Global, KSH Capital, Princeville Capital, Evolv Ventures, MSW Capital, Koch Disruptive Technologies and 6 others. |
| Which companies are comparable to Fabric? | Companies comparable to Fabric include Adept AI, Agile Robots AG, Flexiv, RADAR, Kodiak AI and Arcs Co. |
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