U.S. Simbe Robotics raises $26 million in Series A funding round

San Francisco-based Simbe Robotics, Inc., the provider of automation solutions for retailers, has collected $26 million in a Series A round of funding.

The financings include a Series A funding, conducted by Venrock with participation from Future Shape, Valo Ventures, and Activant Capital, and an inventory financing agreement with SoftBank Robotics.

Simbe Robotics will use the Series A capital to expand business operations including growing the team, extending sales, marketing and customer success functions as well as continued investment in research and development.

The proceeds from the inventory financing, expected to accelerate Simbe’s global deployment of its fully autonomous retail robot, Tally, will support scaled manufacturing of more 1,000 Tally units over the coming two years.