Robots are all the rage this year. Over the summer, Instacart signed a multi-year deal with the startup Fabric to use its software. Now, Fabric has announced $200 million in fresh funding, valuing the company at $1+ billion, to support retailers with micro-fulfillment centers and robotics.
- Singapore’s Temasek led the Series C round, with participation from Koch Disruptive Technologies, Union Tech Ventures, and Harel Insurance & Finance, among others.
- In addition to Instacart, Fabric’s customers include Walmart and FreshDirect.
Everything now: Elram Goren, Fabric’s CEO and cofounder, said the funding will be used to dive deeper into the grocery sector and e-commerce retailers across America and Israel (where it was founded). “Essentially, we are using the same tech stack for both groceries and e-commerce,” he told TechCrunch in an interview.