3 days agoIsraeli Technological Company Common Sense revolutionizes sale
Periskopi(8 years ago)
(8 years ago)Israel's technological company Common Sense, which enables retailers to offer fast and affordable food supplies, said on Thursday it has raised $20m in an early investment phase, bringing its fund up to $26m. The round was led by the Global Playground and includes investors [...]
The round was led by the Global Playground and includes previous investors in the Aleph entrepreneurial Capital fund and the expansion of Eric Schmidt's innovation, reports “Reuters”, Periscopi broadcast.
The funds will be used to increase the rate of establishing Common Sense Robotics, to develop the next generation of robotics and artificial intelligence, and to expand global operations.
Common Sense said its solution enables vendors to cut the food supply chain by transforming low urban retail space into centres where robots will store, rank and effectively process inventory.
The company is placing its robots in its first operational facility and plans to open more objects in the United States, the United Kingdom, and Israel in 2018./Periscopi/
