News English — Funding

Fabric cuts 40% of staff Fabric recently announced it was laying off 40% of its staff and changing its business model (source). STIQ has tracked Fabric for a few years and this is our view of the announced changes: FABRIC: Website | LinkedIn | Crunchbase | YouTube | WarehouseAutomation Fabric was founded in Israel in 2015 under the name "Commonsense Robotics". In 2019, the company changed its name to Fabric (source).   (formerly known as) The original business model appeared to target grocery customers with fulfilment equipment with Fabric operating as a vendor of material handling equipment. A lack of traction among grocery customers may have...

A review of Noah Conference London, Oct 30-31, 2018. A list of retail technology companies looking for funding. Some of which may be looking at an IPO in 2019 (Farfetch presented at the conference in 2017 and IPO'd in 2018!).