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Fabric
Robotics-driven micro-fulfillment centers for ecommerce
- 201-500 employees
- B2B
- Logistics
- Robotics
- Delivery
- eCommerce
- Financial District, New York, NY
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Company mission
Fabric's mission is to enable exceptional customer experiences for eCommerce and grocery delivery platforms through its robotics-driven micro-fulfillment logistics technology.
29% employee growth in 12 months
Our take
The rise in popularity of e-commerce and the rapid delivery of companies such as Amazon has led to increased demands for next-day delivery, but this is unaffordable for small businesses. Large-scale fulfillment centers are essential in providing such rapid delivery, requiring vast amounts of expensive hardware, software, and transport networks.
Fabric provides robotics-driven micro-fulfillment centers across the U.S. and Israel, offering its logistics services to e-commerce and online grocery services that wish to scale. In addition to helping companies reduce overhead costs by 85% and reduce fulfillment time by 300% through its localized logistics solutions, the company also provides inventory analytics software to prevent product wastage, predict trends, and optimize profits.
Whilst other robotics-driven micro-fulfillment centers present competition for Fabric, the company stands out with its all-in-one approach, offering both hardware and software solutions to small businesses. This also allows the company to compete against e-commerce giants with large fulfillment centers by reducing the cost for businesses to run localized delivery infrastructure, increasing their delivery scope, and greatly reducing overall costs for businesses.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- A fast-paced, exciting, collaborative, and rewarding environment
- An opportunity to join a “Unicorn” startup
- Equity in the company
- Competitive health, dental, and vision plans and a 401k with company match
Funding (last 2 of 4 rounds)
Oct 2021
$200m
SERIES C
Oct 2019
$110m
SERIES B
Total funding: $336m
This company has top investors
Leadership
Elram Goren
(CEO)Experience as Project Manager for Israel Defence Forces.
Ori Avraham
(CTO)Experience as Senior Project Manager for the MOD of Israel from 2003 to 2014.
Eyal Goren
(VP of Strategic Partnerships)Embedded Software Engineer for Avaya from 2010 to 2012. Experience as Software Engineer for BioData Ltd.
Shay Cohen
(VP of Engineering)Experience as Head of R&D of the Integrated Mechanics and Special Devices for the Elite Technology Unit of Israel Defence Forces.