Pushing the boundaries of retailers’ capabilities has been an issue surrounding the industry for the past few years. Thanks, in part, to eCommerce giants like Amazon and Walmart’s Jet.com, the consumer expectation of speedy deliveries has grown immensely. What separates out small to medium-sized retailers from these retail heavyweights is often logistics: access to large warehouses and tools to get the job done more quickly.
One company that’s looking to help out the “little guy” in retail is CommonSense Robotics, which specializes in on-demand supply chain logistics, by building out micro-fulfillment centers inside existing retail locations. This week, CommonSense Robotics announced news of its $6 million round of seed funding from two major investors, Aleph VC and Innovation Endeavors.
Through this funding round, CommonSense Robotics will be better able to assist those small to medium-sized merchants, like grocery stores, fulfill online orders within a matter of hours. One of the barriers to entry for these retailers for having quicker deliveries was the access to these facilities and weighing that cost against delivery costs. In the past, these merchants would have to compensate their bottom line by raising the price of products or delivery fees. With CommonSense Robotics’ micro-fulfillment centers, these businesses will now be able to compete with the big eCommerce players.
CommonSense Robotics’ Co-Founder and Head of Software, Eyal Goren, commented on how the company is helping change the retail industry. He said, “Retailers that use our platform aren’t just catching up to leaders, they are positioning themselves to set new standards for the industry.”
With this new seed round of funding, CommonSense Robotics’ on-demand supply chain offering to smaller retailers will effectively help change the face of the operations and logistics side of retail.