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Retail Robotics on the Rise: Simbe's Funding and Industry Impact · Omni Talk Retail

• 0:00
  Simby
• 0:00
  has
• 0:00
  raised
• 0:01
  $50
• 0:01
  million
• 0:02
  in
• 0:02
  its
• 0:02
  latest
• 0:03
  funding
• 0:03
  round,
• 0:04
  according
• 0:04
  to
• 0:04
  Grocery
• 0:04
  Dive.
• 0:05
  Simbi,
• 0:05
  the
• 0:05
  robotics
• 0:06
  company
• 0:06
  whose
• 0:06
  aisle
• 0:06
  skating
• 0:07
  bots
• 0:07
  are
• 0:07
  in
• 0:08
  several
• 0:08
  U.S.
• 0:08
  grocery
• 0:09
  chains,
• 0:09
  announced
• 0:09
  last
• 0:10
  Thursday
• 0:10
  it
• 0:10
  has
• 0:11
  raised
• 0:11
  $50
• 0:11
  million
• 0:12
  in
• 0:12
  a
• 0:12
  series
• 0:12
  C
• 0:13
  round
• 0:13
  led
• 0:13
  by
• 0:14
  Growth
• 0:14
  Equity
• 0:14
  at
• 0:15
  Goldman
• 0:15
  Sachs.
• 0:16
  The
• 0:16
  robotics
• 0:16
  company
• 0:17
  said
• 0:17
  it
• 0:17
  plans
• 0:17
  to
• 0:18
  use
• 0:18
  the
• 0:18
  new
• 0:18
  funding
• 0:18
  to
• 0:19
  expand
• 0:19
  into
• 0:19
  product
• 0:19
  areas,
• 0:20
  scale
• 0:20
  its
• 0:21
  solutions
• 0:21
  with
• 0:21
  global
• 0:22
  deployments
• 0:22
  and,
• 0:23
  quote,
• 0:23
  pursue
• 0:24
  strategic
• 0:25
  growth
• 0:25
  opportunities,
• 0:26
  end
• 0:26
  quote.
• 0:27
  The
• 0:27
  company
• 0:27
  also
• 0:28
  plans
• 0:28
  to
• 0:28
  expand
• 0:29
  its
• 0:29
  team,
• 0:29
  which
• 0:29
  it
• 0:30
  has
• 0:30
  doubled
• 0:31
  in
• 0:31
  the
• 0:31
  past
• 0:32
  year.
• 0:32
  Simby
• 0:33
  noted
• 0:33
  in
• 0:33
  the
• 0:34
  Thursday
• 0:34
  announcement
• 0:34
  that
• 0:34
  it
• 0:35
  unveiled
• 0:35
  this
• 0:35
  year
• 0:37
  new
• 0:37
  and
• 0:37
  expanded
• 0:38
  partnerships
• 0:38
  with
• 0:38
  retailers
• 0:39
  including
• 0:39
  Spartan,
• 0:40
  Nash,
• 0:40
  Shoprite,
• 0:41
  Northeast
• 0:41
  Grocery,
• 0:42
  Care4and3
• 0:43
  Albertsons
• 0:44
  banners,
• 0:45
  Market
• 0:45
  Street,
• 0:45
  United
• 0:46
  Supermarkets
• 0:46
  and
• 0:47
  Albertsons
• 0:47
  Market.
• 0:48
  The
• 0:48
  technology
• 0:49
  company
• 0:49
  also
• 0:49
  counts
• 0:50
  BJ
• 0:50
  Whole,
• 0:50
  BJ's
• 0:51
  Wholesale
• 0:51
  Club
• 0:52
  and
• 0:52
  Schnook
• 0:52
  Markets
• 0:53
  among
• 0:53
  its
• 0:53
  current
• 0:54
  clients.
• 0:54
  Chris,
• 0:54
  what
• 0:55
  do
• 0:55
  you
• 0:55
  think
• 0:55
  that
• 0:55
  Simby's
• 0:56
  $50
• 0:56
  million
• 0:57
  Series
• 0:57
  C
• 0:57
  signals
• 0:58
  about
• 0:58
  the
• 0:58
  trajectory
• 0:59
  of
• 0:59
  retail
• 1:00
  technology
• 1:00
  investments?
• 1:02
  Man,
• 1:03
  and
• 1:03
  I
• 1:03
  love
• 1:03
  this
• 1:04
  headline.
• 1:04
  This
• 1:04
  is
• 1:05
  one
• 1:05
  where
• 1:05
  we
• 1:05
  were
• 1:05
  like
• 1:05
  unanimous
• 1:06
  on
• 1:06
  this
• 1:06
  week,
• 1:07
  you
• 1:07
  know,
• 1:07
  which,
• 1:07
  you
• 1:07
  know,
• 1:08
  which
• 1:08
  tends,
• 1:08
  which
• 1:08
  tends
• 1:09
  to
• 1:09
  happen.
• 1:09
  There's
• 1:09
  usually
• 1:09
  two
• 1:09
  or
• 1:09
  three
• 1:10
  a
• 1:10
  week
• 1:10
  like
• 1:10
  that.
• 1:10
  But,
• 1:11
  but
• 1:11
  I
• 1:11
  love
• 1:11
  this,
• 1:11
  I
• 1:12
  love
• 1:12
  this
• 1:12
  announcement
• 1:12
  because
• 1:13
  it
• 1:14
  tells
• 1:14
  all
• 1:14
  of
• 1:14
  our
• 1:14
  listeners,
• 1:15
  like,
• 1:15
  why
• 1:15
  you
• 1:16
  should
• 1:16
  listen
• 1:16
  and
• 1:16
  tune
• 1:16
  into
• 1:16
  us
• 1:17
  each
• 1:17
  week
• 1:17
  because
• 1:17
  we
• 1:17
  are
• 1:18
  trying
• 1:18
  to
• 1:18
  stay
• 1:18
  on
• 1:18
  top
• 1:19
  of
• 1:19
  the
• 1:19
  trends.
• 1:19
  We
• 1:19
  are
• 1:19
  trying
• 1:20
  to
• 1:20
  predict
• 1:21
  where
• 1:21
  things
• 1:21
  are
• 1:22
  going.
• 1:22
  And
• 1:22
  I
• 1:22
  feel
• 1:23
  like
• 1:23
  we
• 1:23
  had,
• 1:23
  we,
• 1:23
  you
• 1:23
  know,
• 1:23
  we
• 1:24
  had
• 1:24
  some
• 1:24
  insight,
• 1:24
  insight
• 1:25
  into
• 1:25
  this
• 1:25
  based
• 1:25
  on
• 1:26
  the
• 1:26
  retailers
• 1:26
  we're
• 1:27
  talking
• 1:27
  to
• 1:27
  regularly,
• 1:28
  because
• 1:29
  I
• 1:29
  think
• 1:29
  it
• 1:29
  shines
• 1:30
  light
• 1:30
  on
• 1:30
  what
• 1:31
  we've
• 1:31
  been
• 1:31
  saying
• 1:31
  for
• 1:32
  the
• 1:32
  past
• 1:32
  few
• 1:33
  years
• 1:33
  now.
• 1:33
  And
• 1:33
  it's
• 1:33
  very
• 1:34
  validating
• 1:34
  of
• 1:34
  our
• 1:34
  overall
• 1:35
  thesis
• 1:35
  that
• 1:36
  money,
• 1:37
  number
• 1:37
  one,
• 1:37
  money
• 1:37
  is
• 1:38
  still
• 1:38
  flowing
• 1:38
  to
• 1:39
  tech
• 1:39
  that
• 1:39
  will
• 1:39
  show
• 1:40
  a
• 1:40
  return.
• 1:41
  Because
• 1:41
  what's
• 1:41
  the
• 1:42
  one
• 1:42
  thing,
• 1:42
  what's
• 1:43
  the
• 1:43
  one
• 1:43
  thing
• 1:43
  the
• 1:43
  grocers
• 1:44
  have
• 1:44
  told
• 1:44
  us
• 1:44
  that
• 1:44
  have
• 1:44
  deployed
• 1:45
  the
• 1:45
  robots?
• 1:45
  And
• 1:46
  what's
• 1:46
  the
• 1:46
  one
• 1:46
  thing
• 1:47
  they've
• 1:47
  all
• 1:47
  said?
• 1:48
  They
• 1:48
  won't
• 1:49
  let
• 1:49
  them
• 1:49
  go.
• 1:50
  Like
• 1:50
  they're
• 1:50
  just
• 1:50
  a
• 1:50
  part
• 1:51
  of
• 1:51
  the
• 1:52
  whole
• 1:52
  team
• 1:52
  at
• 1:52
  the
• 1:53
  store.
• 1:53
  Like
• 1:53
  no
• 1:54
  one
• 1:54
  wants
• 1:54
  them
• 1:54
  to
• 1:54
  walk.
• 1:54
  Out
• 1:54
  of
• 1:55
  the
• 1:55
  door
• 1:55
  100%.
• 1:56
  Like
• 1:57
  they
• 1:57
  basically
• 1:57
  say.
• 1:57
  They
• 1:57
  basically
• 1:58
  say
• 1:58
  to
• 1:58
  us
• 1:58
  every
• 1:58
  time
• 1:58
  we
• 1:58
  ask
• 1:59
  them,
• 1:59
  you
• 1:59
  can
• 1:59
  take
• 2:00
  anything
• 2:00
  you
• 2:00
  want,
• 2:01
  but
• 2:01
  you
• 2:01
  cannot
• 2:01
  take
• 2:02
  my
• 2:02
  robot.
• 2:02
  And
• 2:03
  that's
• 2:03
  pretty
• 2:03
  telling.
• 2:04
  And
• 2:04
  the
• 2:04
  reason
• 2:04
  is
• 2:04
  because
• 2:05
  they
• 2:05
  work,
• 2:05
  you
• 2:06
  get
• 2:06
  inventory,
• 2:06
  you
• 2:06
  get
• 2:07
  pricing
• 2:07
  accuracy,
• 2:07
  you
• 2:07
  get
• 2:08
  planogram
• 2:08
  compliance,
• 2:09
  plus
• 2:09
  you
• 2:09
  get
• 2:09
  all
• 2:09
  the
• 2:10
  operational
• 2:10
  offshoots
• 2:11
  you
• 2:11
  can
• 2:11
  when
• 2:11
  you
• 2:11
  combine
• 2:12
  them
• 2:12
  with
• 2:12
  ESLs.
• 2:13
  So
• 2:13
  the
• 2:14
  industry
• 2:14
  is
• 2:14
  seeing
• 2:14
  it,
• 2:15
  which
• 2:15
  is
• 2:15
  again
• 2:16
  why
• 2:16
  I
• 2:16
  think
• 2:17
  all
• 2:17
  signs
• 2:17
  point
• 2:17
  to
• 2:18
  2025
• 2:19
  being
• 2:19
  the
• 2:19
  year
• 2:19
  of
• 2:19
  the
• 2:20
  robot.
• 2:20
  And
• 2:21
  by
• 2:21
  that
• 2:21
  I
• 2:21
  mean
• 2:21
  the
• 2:22
  reach
• 2:22
  of
• 2:22
  the
• 2:22
  robot
• 2:23
  not
• 2:23
  just
• 2:23
  continuing
• 2:23
  in
• 2:23
  grocery,
• 2:24
  but
• 2:24
  starting
• 2:24
  to
• 2:24
  extend
• 2:25
  deeper
• 2:26
  like
• 2:26
  traditional
• 2:26
  grocery,
• 2:27
  but
• 2:27
  starting
• 2:27
  to
• 2:27
  extend
• 2:27
  deeper
• 2:28
  into
• 2:28
  other
• 2:28
  verticals
• 2:29
  in
• 2:29
  retail
• 2:29
  as
• 2:29
  well.
• 2:30
  And
• 2:30
  Goldman
• 2:30
  Sachs
• 2:31
  alternatives
• 2:32
  seems
• 2:32
  like
• 2:32
  they
• 2:33
  tend
• 2:33
  to
• 2:33
  agree
• 2:33
  with
• 2:33
  that
• 2:34
  sentiment,
• 2:34
  at
• 2:34
  least
• 2:34
  from
• 2:35
  this.
• 2:35
  From
• 2:35
  the
• 2:36
  size
• 2:36
  of
• 2:36
  the
• 2:36
  investment
• 2:37
  here
• 2:37
  and
• 2:37
  the
• 2:37
  round.
• 2:37
  Yes.
• 2:38
  And
• 2:39
  Simbi's
• 2:39
  strategic
• 2:40
  growth
• 2:41
  opportunities
• 2:41
  that
• 2:42
  they're
• 2:42
  working
• 2:42
  on,
• 2:42
  we'll
• 2:43
  be
• 2:43
  excited
• 2:43
  to
• 2:44
  see
• 2:44
  what
• 2:45
  kind
• 2:45
  of
• 2:45
  retailers
• 2:46
  they
• 2:46
  land
• 2:46
  in
• 2:47
  next.
• 2:47
  And
• 2:47
  yeah,
• 2:47
  I
• 2:47
  don't
• 2:48
  have
• 2:48
  much
• 2:48
  to
• 2:48
  add,
• 2:48
  Chris.
• 2:49
  I
• 2:49
  mean,
• 2:49
  I
• 2:49
  think
• 2:50
  anecdotally,
• 2:51
  I
• 2:51
  will
• 2:51
  say
• 2:51
  that
• 2:52
  since
• 2:52
  we
• 2:52
  released
• 2:53
  that
• 2:53
  Schnooks
• 2:54
  video
• 2:54
  with
• 2:55
  the
• 2:55
  robot
• 2:56
  last
• 2:56
  year
• 2:56
  about
• 2:56
  this
• 2:57
  time,
• 2:57
  and
• 2:57
  even
• 2:58
  just
• 2:58
  after
• 2:59
  talking
• 2:59
  to
• 2:59
  the
• 2:59
  schnooks
• 3:00
  team,
• 3:00
  and
• 3:00
  I'm
• 3:01
  still
• 3:01
  getting
• 3:01
  emails
• 3:02
  and
• 3:02
  direct
• 3:02
  messages
• 3:03
  via
• 3:03
  LinkedIn
• 3:03
  today
• 3:04
  where
• 3:05
  people
• 3:05
  are
• 3:05
  asking
• 3:05
  to
• 3:06
  get
• 3:06
  connected
• 3:06
  with
• 3:06
  them
• 3:07
  from
• 3:07
  other
• 3:07
  retailers
• 3:08
  so
• 3:09
  that
• 3:09
  they
• 3:09
  can
• 3:09
  find
• 3:09
  out
• 3:10
  more
• 3:10
  about
• 3:10
  what,
• 3:11
  like
• 3:11
  the
• 3:11
  why
• 3:12
  and
• 3:12
  the
• 3:12
  how
• 3:12
  related
• 3:13
  to
• 3:13
  the
• 3:13
  robots.
• 3:13
  Because
• 3:14
  this
• 3:14
  is
• 3:14
  an
• 3:14
  area
• 3:15
  that,
• 3:15
  that
• 3:15
  people
• 3:15
  are
• 3:16
  seriously
• 3:16
  considering
• 3:17
  and
• 3:17
  seriously
• 3:18
  investing
• 3:18
  money
• 3:19
  in
• 3:19
  right
• 3:19
  now,
• 3:19
  like
• 3:19
  you
• 3:20
  said.
• 3:20
  Yeah,
• 3:21
  and
• 3:21
  we
• 3:21
  got
• 3:21
  to
• 3:22
  talk
• 3:22
  to
• 3:22
  BJ's
• 3:22
  too,
• 3:23
  and
• 3:23
  see
• 3:23
  how
• 3:23
  they're
• 3:23
  working
• 3:24
  this
• 3:24
  thing.
• 3:24
  See
• 3:24
  how
• 3:24
  they're
• 3:25
  doing
• 3:25
  the
• 3:25
  robot
• 3:25
  too,
• 3:25
  now
• 3:26
  that
• 3:26
  I
• 3:26
  think
• 3:26
  about
• 3:26
  it.
• 3:26
  We
• 3:26
  got
• 3:26
  to
• 3:26
  get
• 3:26
  on
• 3:27
  the
• 3:27
  horn
• 3:27
  with
• 3:27
  them
• 3:27
  and
• 3:28
  see
• 3:28
  what
• 3:28
  they're
• 3:28
  learning
• 3:28
  from
• 3:29
  this
• 3:29
  as
• 3:29
  well.