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Latham & Watkins Advises Eclipse on Simbe’s US$28 Million Series B Round
July 19, 2023
Emerging companies team represents lead investor in the equity financing.
Simbe Robotics, Inc., the company leveraging AI and robotics to elevate the performance of retailers with real-time insights into inventory and operations, has announced a Series B equity financing round of US$28 million, led by Eclipse Ventures. This latest round of funding follows a successful Series A in 2019, bringing the total amount raised by Simbe to US$54 million. The investment marks a vote of confidence in emerging retail and grocery technologies, and will enable Simbe to meet rising global customer demand.
Latham & Watkins LLP advised Eclipse in the deal with an emerging companies team led by Bay Area partner Ben Potter, with associate Tulin Gurer.