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 by Elram Goren and Ori Avraham. The company is headquartered in New York, New York, with an office in Tel Aviv, Israel.
Fabric claims to level the playing field with a modular, software-led robotics approach to fulfillment. AI orchestrates robots within its microfulfillment centers’ walls to break orders into tasks and delegate them autonomously.
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’s customers choose either a platform model to run and operate independently on their real estate or a service model in which fulfillment is offered as a service with an investment. Customer includes the likes of Walmart, Instacart and FreshDirect.
Fabric is backed by Temasek, Koch Disruptive Technologies, CPP Investments, Union Tech Ventures, Pontifax AgTech, Corner Ventures, Playground, Aleph, Innovation Endeavors, and others. The company raised $200M in Series C round on Oct 26, 2021. This brings Fabric's total funding to $336M to date. The latest round mints Fabric a unicorn with a valuation of over $1B post-money.