Israeli Co CommonSense Robotics Raises $6M

The Tel Aviv based company’s disruptive technology enables retailers of all sizes to offer one-hour delivery.

Originally published in Globes:

Israeli one-hour retail delivery developer CommonSense Robotics announced today that it has raised $6 million in seed funding from Aleph VC and Innovation Endeavors. Using artificial intelligence (AI) and robotics, CommonSense Robotics’ disruptive technology enables retailers of all sizes to offer one-hour delivery and make on-demand fulfillment scalable and profitable. The Israeli company is using the funds to expand the team, drive new product development and build out its operations towards its first deployments.

With Amazon making on-demand delivery an industry standard, brick-and-mortar retailers struggle to offer the service in a way that’s profitable and scalable. Tel Aviv-based CommonSense Robotics merges the convenience of online purchasing with the immediacy of in-store shopping, empowering retailers to improve speed in the fulfillment and delivery processes and offer economically sustainable on-demand delivery.

CommonSense Robotics cofounder and CEO Elram Goren said, “On-demand is rapidly becoming the standard for retail businesses of all sizes from across the spectrum, and will be a critical determining factor between success and failure. Bringing together the most advanced technologies in robotics and AI, we are giving the world’s leading retailers the ability to stop catching up and start setting the pace.”

According to the latest Paypal mCommerce Index report, 63 percent of surveyed Australians stated that they would definitely buy something if it was delivered the next day while only a third of Australian businesses offer this service.

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