OEM : Retail
Target is a general merchandise retailer with stores in all 50 U.S. states and the District of Columbia. 75% of the U.S. population lives within 10 miles of a Target store. We employ 400,000+ team members. Our tagline is “Expect More. Pay Less.” We’ve been using it since 1994!
1MRobotics Launches Out of Stealth With $25m In Series A Funding
1MRobotics, a startup developing next-generation robotic dark stores, or as they classify them - robotic nano-fulfillment centers, announced today that Ibex Investors led their A-round funding along with its existing backers Emerge VC, Target Global, and INT3, with participation from other prominent investors. The Series A funding brings its total raised to $25 million, including a previous seed round of $8.5 million.
They set out to develop fully automated, small, and flexible dark stores enabling effective and profitable last-mile operations for the world’s largest brands and service providers.