Nimble, a pioneering AI robotics and autonomous e-commerce fulfillment technology company, announced the successful closure of a $106 million Series C funding round elevating the company to a $1 billion valuation. The funding round was led by FedEx and co-led by existing shareholder Cedar Pine LLC.

Nimble has developed an intelligent general-purpose warehouse robot-the first of its kind capable of performing all core fulfillment functions including storage and retrieval, picking, packing, and sorting, making it the most versatile robot and turnkey fulfillment solution in the market.