Israeli startup CommonSense Robotics (CSR) today announced the completion of a $20 million in an early-stage investment round led by Andy Rubin, the global developer of the Android operating system.
This round bringing its total funding to $26 million, also includes previous investors venture capital fund Aleph and Eric Schmidt’s Innovation Endeavors.
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CSR’s warehouses span over 1,000 square meters and are equipped with an advanced robotics system that handles products almost without human contact.
The company has developed a robotic platform for the management of warehousing delivery, which can significantly reduce the storage and packaging process for companies in the field of fresh foods and pharma and meet the goal of delivery to the customer within an hour.
CommonSense Robotics said its solution transforming underutilized urban retail space into centers where robots will efficiently store, sort and process inventory. This allows retailers to keep their inventory close to customers, not in hangars far removed from cities.
Founded in 2015 by Eyal Goren, Uri Avraham, Shai Cohen and Elram Goren, CSR currently has 65 employees in Tel Aviv, and will also set up overseas operations in the United States, UK, and Israel in 2018.
The solution she developed seeks to give suppliers a solution to the “last mile” problem, which is considered particularly challenging in the area of online consumerism.
The rapid professionalization of Amazon and other online trading giants like Alibaba and the fact that they are developing solutions themselves makes it difficult for other retailers to compete with them.