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- Simbe Robotics
Simbe Robotics Funding, Investors & Competitors
Simbe Robotics has raised $104M across 3 funding rounds, most recently a $50M Series C in October 2024.
Last Simbe Robotics funding round
$50M
Series C · Oct 2024
Cumulative funding Simbe Robotics raised
$104M
across 3 funding rounds
Key investors in Simbe Robotics
Eclipse Ventures
Valo Ventures
Venrock
Goldman Sachs Asset Management
Activant Capital
Eastward Capital Partners
Tectonic Ventures
Future Shape
About Simbe Robotics
Simbe Robotics is a San Francisco-based developer of autonomous retail robots, with its flagship Tally robot scanning store shelves hourly to detect out-of-stocks, misplacements, pricing errors, and planogram compliance. Deployed in over 150 grocery and drug stores across North America, Tally navigates aisles safely during operating hours alongside customers and staff, integrating with inventory systems from partners like Walmart and Kroger. Founded in 2015, the company raised $47 million in funding and expanded to Big Y Foods and Wakefern chains, reducing shelf-scanning labor by up to 10 times through computer vision and AI mapping.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Simbe Robotics Funding History
Simbe Robotics has raised a total of $104M across 3 funding rounds.
Simbe Robotics' first fundraising round was a $26M Series A in September 2019. The most recent completed round was a $50M Series C in October 2024.
Simbe Robotics funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Oct 2024 | Series C | Goldman Sachs Asset Management (lead); Eclipse Ventures; Valo Ventures | $50M | Simbe Robotics, a leading provider of Store Intelligence solutions, develops autonomous robotics and AI-powered platforms including the Tally robot for aisle-scanning and shelf monitoring, delivering real-time data on inventory, pricing, and out-of-stocks to retailers and vendors. The company has deployed its technology across the largest number of retail banners worldwide, powering data-driven decisions, improved business performance, and enhanced store experiences. New offerings include Simbe Mobile for task prioritization and a Wholesale Club Solution tailored for those environments, with chain-wide deployments proving value at scale. On October 24, 2024, Simbe closed a $50 million Series C equity financing round led by Growth Equity at Goldman Sachs Alternatives, with participation from Eclipse Ventures, Valo Ventures, and existing investors, bringing total funding raised to over $100 million. The round matches the specified investors and approximate date. Since its Series B in July 2023, Simbe achieved significant momentum with new capabilities, expanded partnerships, and welcomed more new customers in 2024 than the prior three years combined. Proceeds will accelerate global deployments, broaden retail offerings including wholesale clubs, pursue strategic growth opportunities, and expand the team after doubling headcount in the past year. Investors highlighted Simbe's strong track record with top global retailers, positioning it to capitalize on the rapidly growing retail automation market driven by AI and robotics demand. CEO Brad Bogolea emphasized transforming retail's 'last great data desert' on store shelves into a comprehensive operating layer. |
| Jul 2023 | Series B | Eclipse Ventures (lead); Eastward Capital Partners | $28M | Simbe Robotics, Inc., headquartered in San Francisco, develops AI-powered robotics solutions for retail, including the autonomous shelf-scanning robot Tally, which provides real-time insights into inventory, pricing, promotional compliance, and store operations to optimize in-store and e-commerce performance. On July 13, 2023, the company announced a $28 million Series B equity financing round led by Eclipse Ventures, with participation from Eastward Capital Partners and other existing investors, bringing total funding to $54 million following a $26 million Series A in 2019. The funds are intended to meet rising global customer demand, accelerate expansion into new markets across the US, Europe, and Asia, enter future product areas, expand the team, and enhance value for retail partners including major chains like BJ’s Wholesale Club. The round underscores investor confidence in Simbe's technology amid growing adoption of retail automation, with Eclipse noted for expertise in digital transformation of physical industries. The company positions itself as the category leader in combining AI, computer vision, and robotics for unprecedented store visibility, serving numerous global retailers and brands. This Series B preceded a $50 million Series C round in October 2024 led by Growth Equity at Goldman Sachs Alternatives, with Eclipse and Valo Ventures participating, pushing total funding over $100 million. The later round supported further scaling, new capabilities, expanded partnerships across retail sectors, and global deployments, building on post-Series B achievements like team doubling and surging demand for its Store Intelligence platform. |
| Sep 2019 | Series A | Venrock (lead); Future Shape; Valo Ventures; Tectonic Ventures; Activant Capital | $26M | Simbe Robotics, founded in 2014 in San Francisco, develops the Tally robot, an autonomous mobile robot that uses computer vision and RFID scanning to provide retailers with e-commerce-level insights into inventory, product placement, presentation, pricing, and availability up to three times per day during regular store hours. Tally navigates stores alongside customers and employees, having completed over 100,000 hours of operation and more than 25,000 miles in-store by September 2019. The company targets physical retail automation, positioning itself in the emerging Robotics-as-a-Service (RaaS) model. On September 12, 2019, Simbe announced a $26 million Series A equity round led by Venrock, with participation from Future Shape, Valo Ventures, and Activant Capital, matching the specified investors. Alongside this, Simbe secured an inventory financing agreement with SoftBank Robotics to support scaled manufacturing of 1,000 additional Tally units over two years, leveraging SoftBank's global infrastructure for production, shipping, deployment, and services. New board members included Tony Fadell (Future Shape), David Pakman (Venrock), and Ryan Gembala (Pathbreaker Ventures). Funds were allocated to expand the team, scale sales, marketing, customer success, R&D, and international markets. By the round date, Tally was deployed in over 12 of the top 250 global retailers across the Americas, Europe, the Middle East, and Asia, including Schnuck Markets, Giant Eagle, Decathlon Sporting Goods, and Groupe Casino. Pilots and partnerships underscored retail demand for in-store automation, with competitors like Bossa Nova also piloting similar robots at chains like Walmart. SoftBank Robotics became the first official reseller of Tally in Japan, aiding global expansion. |
Who has invested in Simbe Robotics?
8 investors have backed Simbe Robotics across its funding rounds, including Eclipse Ventures, Valo Ventures, Venrock, Goldman Sachs Asset Management, Activant Capital and Eastward Capital Partners.
Lead investors include Goldman Sachs Asset Management, Eclipse Ventures and Venrock.
Simbe Robotics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jul 2023 | ||
| 2 | Participant | Sep 2019 | ||
| 1 | Participant | Sep 2019 | ||
| 1 | Lead | Sep 2019 | ||
| 1 | Participant | Sep 2019 | ||
| 1 | Participant | Jul 2023 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialSimbe Robotics Competitors
Simbe Robotics competitors include listed companies like UBtech Robotics and Infleqtion, and private ones like Figure, Skild AI, Shield AI and Saronic.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $298M | ($108M) | $5.1B | 9.5x | ||
| Private | - | - | $39B | - | ||
| Private | $30M | - | $14B | - | ||
| Private | $540M | - | $13B | 23.5x | ||
| Private | $200M | - | $9.3B | 46.3x | ||
| Publicly listed | $29M | ($52M) | $3.1B | 64.5x |
Simbe Robotics Public Comps
Simbe Robotics is still privately-owned, but its public comps include Tesla, Stryker, Unitree Robotics, Zebra, Aurora Innovation, Cognex, Aptiv, Mobileye, Symbotic and UBtech Robotics.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $95B | $10B | 15.0x | 13.8x | 140.8x | 97.4x | |||
| $25B | $6.3B | 4.7x | 4.5x | 18.8x | 15.6x | |||
| $253M | $55M | 118.8x | - | 548.5x | - | |||
| $5.4B | $853M | 3.6x | 3.2x | 22.6x | 13.8x | |||
| $3M | ($786M) | 3957.3x | 1040.1x | (15.1x) | (15.5x) | |||
| $994M | $214M | 10.0x | 9.0x | 46.4x | 31.7x | |||
| $20B | $2.2B | 0.7x | 0.9x | 6.3x | 5.4x | |||
| $1.9B | $140M | 2.8x | 2.7x | 38.5x | 12.3x | |||
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Common questions about Simbe Robotics
| When was Simbe Robotics founded? | Simbe Robotics was founded in 2014. |
| Where is Simbe Robotics headquartered? | Simbe Robotics is headquartered in San Francisco, CA, United States. |
| Is Simbe Robotics publicly listed? | No, Simbe Robotics is a private, VC-backed company. |
| How much funding has Simbe Robotics raised? | Simbe Robotics has raised $104M across 3 funding rounds. |
| What was Simbe Robotics' last funding round? | Simbe Robotics' last funding round was a $50M Series C in October 2024, led by Goldman Sachs Asset Management. |
| Who are Simbe Robotics' investors? | Simbe Robotics' investors include Eclipse Ventures, Valo Ventures, Future Shape, Venrock, Tectonic Ventures, Eastward Capital Partners, Activant Capital and Goldman Sachs Asset Management. |
| Which companies are comparable to Simbe Robotics? | Companies comparable to Simbe Robotics include UBtech Robotics, Figure, Skild AI, Shield AI, Saronic and Infleqtion. |
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