Winners and Losers of the Week: Warehouse Robotics Startup Fabric for Raising $110 Million

A selection of this week's winners and losers by CTech's Editor

Elihay Vidal 09:4425.10.19
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This week’s winners are:

 

New York-headquartered warehouse robotics startup Fabric for closing a $110 million funding round. Fabric develops robotics technologies that enable urban retailers to offer quick deliveries of food and pharma products. Turning underutilized retail spaces into delivery centers where robots store, sort, and process inventory, the company aims to tackle the last mile distribution challenge, making 1-hour deliveries within a city a viable and affordable option for retailers. Read more
Fabric founders Ori Avraham (left), Elram Goren and Eyal Goren. Photo: PR Fabric founders Ori Avraham (left), Elram Goren and Eyal Goren. Photo: PR
WeWork co-founder Adam Neumann for securing himself a cushy exit package. Despite being the face behind one of the biggest business failures of 2019, Neumann will get to keep his billionaire status, as SoftBank agreed to pay him nearly $1.7 billion for his shares, as well as an additional $185 million in counseling fees, and a $500 million credit line. Read more

 

This week’s loser is:

 

Japanese holding company SoftBank betting on Neumann and letting him shatter WeWork’s valuation by 83% in under a year. In addition to Neumann’s fat check, SoftBank also agreed to acquire stock from additional shareholders for over $1 billion, to deliver $5 billion in new financing, and to accelerate an existing commitment for another $1.5 billion in funding. Read more 

 

This week’s data point: 60%

 

New data shows that 60% of Israeli students are women, but less than 35% of engineering and computer science students are female. The number of female computer science bachelor students has doubled over the past decade from 2,600 to 5,600 this year. The number of female engineering students grew from 8,600 to 10,400. But when compared to the number of male students, women amount to just 33% and 30% of students in these subjects, respectively. Read more

 

This week’s top deals:

 

Web app development startup Pendo raises $100 million. Read more

 

Stroke detection startup Viz.ai raises $50 million. Read more

 

Pharma company Cosmo takes 22% stake in gastro treatment company Redhill. Read more

 

IoT cybersecurity startup Firedome raises $10 million. Read more

 

Social influencers analytics startup HYPR raises $8 million. Read more

 

Fintech startup Otoma raises $8 million. Read more

 

Tulsa University, Team8 partner on joint cyber PhD program. Read more

 

Speech recognition startup Hi Auto emerges from Stealth with $4.5 million round. Read more

 

Il Makiage acquires Israeli operation of on-demand beauty services startup Missbeez. Read more

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