- Fabric has been named to the XPRIZE and Bessemer Venture Partners’ inaugural XB100 List, representing 100 of the most valuable and impactful private deep tech companies
- Awarded the Top Supply Chain Products Award from Supply & Demand Chain Executive, recognizing partnerships that are shaping the industry
- Fabric’s high-density, high-throughput, automated fulfillment solution gives retailers unprecedented flexibility and adaptability to grow their e-commerce fulfillment operations
Fabric, the technology company reshaping retail fulfillment, has scored two major wins for its innovative automated fulfillment solution.
The company was named to the inaugural XB100, the definitive ranking of the top 100 private deep tech companies, published by XPRIZE and Bessemer Venture Partners. Fabric also won Supply & Demand Chain Executive’s Top Supply Chain Products Award, which profiles innovative case study-type projects designed to automate, optimize, streamline and improve the supply chain.
Fabric’s high-density, high-throughput, cube-based storage system empowers retailers to grow and serve their customers like never before. Its proprietary hardware and software increase flexibility and adaptability across all aspects of retail fulfillment and drive results in categories from customer experience to maximizing existing real estate.
“We’re extremely grateful to be recognized for our efforts in providing strategic value and innovative solutions to retailers looking to modernize and optimize their e-commerce operations with our unique solution for automated fulfillment,” said Avi (Jack) Jacoby, Fabric’s CEO. “As Fabric supports retailers growing their online businesses, we look forward to continuing to provide a next-generation automated fulfillment solution that unlocks new levels of flexibility and adaptability, eliminating barriers to future growth.”
The XB100 was launched to celebrate the entrepreneurs who are commercializing scientific research into deep tech and spotlight how they are impacting our society across nine categories. The XB100 evaluation process involved ranking companies across four factors: impact on humanity, valuation, scientific difficulty and commercial traction. For impact on humanity, XB100 enlists the help of a judging panel of scientists and industry experts who assist in the evaluation.
“The companies on the XB100 list represent the most valuable and impactful private companies in the deep tech sector,” said Tess Hatch, partner at Bessemer Venture Partners. “The XB100 awardees defy imagination and will reshape the human experience.”
The Top Supply Chain Products Award profiles innovative case study-type projects designed to automate, optimize, streamline and improve the supply chain. The Fabric Partner Elite Program offers a solution to enhance the customer experience while cutting costs and improving efficiencies.
Fabric was selected for this award in recognition of its recent partnership with Synergy Design & Integration as part of the Partner Elite Program. Synergy is skilled in optimizing warehouse processes, improving the experience of human employees in the warehouse and streamlining the flow of goods. This partnership aims to help warehouse operators overcome a persistent labor shortage due to strenuous working conditions while lowering operating costs.
“From demand planning and forecasting to implementing the ultimate in warehouse automation, in the past 12 months we have seen companies within the supply chain and logistics space upgrade, enhance, adopt and adapt to achieve greater efficiency along the chain,” said Marina Mayer, editor-in-chief of Supply & Demand Chain Executive and Food Logistics. “That’s why it’s important today’s supply chains run on collaboration.”
The XB100 list is available online, as is the full list of Top Supply Chain Projects winners.
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