Fabric, a company specialising in retail supply chain automation, has raised $200 million in Series C funding.
The latest round was led by existing investor Temasek, with participation from Koch Disruptive Technologies, Union Tech Ventures, Harel Insurance & Finance, Pontifax Global Food and Agriculture Technology Fund (Pontifax AgTech), Canada Pension Plan Investment Board (CPP Investments), KSH Capital, Princeville Capital, Wharton Equity Ventures, and others.
With a valuation of more than $1 billion, Fabric has established itself as a market leader in the on-demand fulfillment space, leveraging its proprietary robotic micro-fulfillment technology stack designed from the ground up to make on-demand fulfillment profitable and scalable for all retailers. [Read more…] about Fabric raises $200 million in new funding, bringing total to $336 million to date