Aleph of Israel, Canada Pension Plan Investment Board,
Innovation Endeavors, La Maison, Playground Ventures and Temasek
also participated in the funding round.
Formerly called CommonSense Robotics, Fabric's logistics
platform helps retailers to profitably fulfil one-hour
deliveries and helps businesses restock their storefronts more
efficiently, the company said.
It plans to use the funds to accelerate its growth in the United
States, where it is building micro-fulfilment centers. The
funding will also be used to grow Fabric's U.S.-based commercial
operations and technical support teams as well as its
engineering teams in Tel Aviv.
Founded in 2015 in Tel Aviv and headquartered in New York,
Fabric has 14 sites under contract and plans to launch micro-fulfilment
centers in several U.S. cities in 2020. The first site in the
New York City area is under construction.
(Reporting by Tova Cohen; Editing by Steven Scheer
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