Fabric

Fabric, formerly CommonSense Robotics, is a logistics platform that makes on-demand fulfillment possible, profitable, and sustainable for retailers while powering every retailer's unique offering.

Fabric builds multi-tenant and private networks of automated micro-fulfillment centers that make on-demand fulfillment profitable by location automation physically close to end customers.

Fabric was founded in Tel Aviv in 2015. The company is headquartered in New York, New York, with an office in Tel Aviv, Israel.

Fabric’s logistics platform can be used by retailers of any size, but “for SMBs, its service model is particularly revolutionary as it has been built to allow for multiple tenants leveraging the same platform.

Fabric’s unique purpose-built proprietary solution enables cloud-like elasticity for retailers, enabling them total flexibility to build a custom solution based on their unique inventory level, desired reach, and opex and capex requirements, expanding and flexing as their needs change.

 

Fabric is backed by Corner Ventures, Playground, Aleph, Canada Pension Plan Investment Board (CPPIB), Innovation Endeavors and others. The company raised $110M from a "Series B" financing on Oct 23, 2019. This new round brings Fabric's total funding to $136M to date.

 

 

 

  • Year founded: 2015
  • Funding Info: $136M over 3 Rounds (Latest Funding Type: Series B)
  • Yearly Revenue: $5M-$10M (2019)
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: New York
  • State: New York
  • Country: United States
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