Tuesday, February 10, 2009

ZoomSystems Snags $20M

San Francisco-based ZoomSystems, a developer of automated systems used to deliver products in retail shops, announced today that it has raised $20M in a Series E financing round. The round came from Sierra Ventures, Goldman Sachs Group, NeoCarta Ventures, Motorola Ventures, and Starfish Ventures. According to the company, the new funding will go towards expansion of its channel in the domestic and international markets. ZoomSystems develops a system--essentially, a robotic, automated kiosk--which allows consumers to place orders and receive products instantly from locations such as airports, shopping centers, supermarkets, and retail stores. More information »