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Organization: Simbe
Country: U.S.
Website: www.simberobotics.com
Year Founded: 2014
Number of Employees: 11-50
Innovation Class: Application & Market
Having products in the right place at the right price is critical for retailers. Inventory management, however, remains a painfully manual process.
Manual audits are the reason why 60% of out-of-stock items are somewhere else in a store – and 50% of products ordered online are substituted or not found, found researchers. The lack of accurate inventory data costs retailers $2 trillion per year — $1.2 trillion due to out-of-stocks and $562 billion due to overstock.
Simbe Robotics is helping close these gaps with its Tally inventory management robot. The system uses computer vision, AI, and mobile robots to deliver real-time visibility into inventory and pricing.
In 2023, Simbe introduced an intelligence platform for wholesalers, updating its technology to accommodate the unique scale and layout of large-format settings.
The South San Francisco-based company recognized that warehouse clubs face particularly complex inventory challenges due to their sheer size. In March 2023, Simbe partnered with BJ’s Wholesale Club to roll out an enhanced version of its Store Intelligence solution, featuring new capabilities for Tally.
Simbe’s computer vision now reaches much farther and higher than before, allowing Tally to scan bulk products, pricing, and promotion information on even the tallest club shelves. Simbe’s data capabilities inform product location, replenishment, and pallet optimization, tracking an item’s time-in-steel to provide suggestions for restocking based on upcoming expiration dates.
BJ’s is integrating Simbe’s technology into all 237 of its clubs in the U.S. This huge deployment validates the immediate value and proven performance of the company’s new system.
Explore the RBR50 Robotics Innovation Awards 2024.
RBR50 Robotics Innovation Awards 2024
| Organization | Innovation |
|---|---|
| ABB Robotics | Modular industrial robot arms offer flexibility |
| Advanced Construction Robotics | IronBOT makes rebar installation faster, safer |
| Agility Robotics | Digit humanoid gets feet wet with logistics work |
| Amazon Robotics | Amazon strengthens portfolio with heavy-duty AGV |
| Ambi Robotics | AmbiSort uses real-world data to improve picking |
| Apptronik | Apollo humanoid features bespoke linear actuators |
| Boston Dynamics | Atlas shows off unique skills for humanoid |
| Brightpick | Autopicker applies mobile manipulation, AI to warehouses |
| Capra Robotics | Hircus AMR bridges gap between indoor, outdoor logistics |
| Dexterity | Dexterity stacks robotics and AI for truck loading |
| Disney | Disney brings beloved characters to life through robotics |
| Doosan | App-like Dart-Suite eases cobot programming |
| Electric Sheep | Vertical integration positions landscaping startup for success |
| Exotec | Skypod ASRS scales to serve automotive supplier |
| FANUC | FANUC ships one-millionth industrial robot |
| Figure | Startup builds working humanoid within one year |
| Fraunhofer Institute for Material Flow and Logistics | evoBot features unique mobile manipulator design |
| Gardarika Tres | Develops de-mining robot for Ukraine |
| Geek+ | Upgrades PopPick goods-to-person system |
| Glidance | Provides independence to visually impaired individuals |
| Harvard University | Exoskeleton improves walking for people with Parkinson’s disease |
| ifm efector | Obstacle Detection System simplifies mobile robot development |
| igus | ReBeL cobot gets low-cost, human-like hand |
| Instock | Instock turns fulfillment processes upside down with ASRS |
| Kodama Systems | Startup uses robotics to prevent wildfires |
| Kodiak Robotics | Autonomous pickup truck to enhance U.S. military operations |
| KUKA | Robotic arm leader doubles down on mobile robots for logistics |
| Locus Robotics | Mobile robot leader surpasses 2 billion picks |
| MassRobotics Accelerator | Equity-free accelerator positions startups for success |
| Mecademic | MCS500 SCARA robot accelerates micro-automation |
| MIT | Robotic ventricle advances understanding of heart disease |
| Mujin | TruckBot accelerates automated truck unloading |
| Mushiny | Intelligent 3D sorter ramps up throughput, flexibility |
| NASA | MOXIE completes historic oxygen-making mission on Mars |
| Neya Systems | Development of cybersecurity standards harden AGVs |
| NVIDIA | Nova Carter gives mobile robots all-around sight |
| Olive Robotics | EdgeROS eases robotics development process |
| OpenAI | LLMs enable embedded AI to flourish |
| Opteran | Applies insect intelligence to mobile robot navigation |
| Renovate Robotics | Rufus robot automates installation of roof shingles |
| Robel | Automates railway repairs to overcome labor shortage |
| Robust AI | Carter AMR joins DHL’s impressive robotics portfolio |
| Rockwell Automation | Adds OTTO Motors mobile robots to manufacturing lineup |
| Sereact | PickGPT harnesses power of generative AI for robotics |
| Simbe Robotics | Scales inventory robotics deal with BJ’s Wholesale Club |
| Slip Robotics | Simplifies trailer loading/unloading with heavy-duty AMR |
| Symbotic | Walmart-backed company rides wave of logistics automation demand |
| Toyota Research Institute | Builds large behavior models for fast robot teaching |
| ULC Technologies | Cable Splicing Machine improve safety, power grid reliability |
| Universal Robots | Cobot leader strengthens lineup with UR30 |