Two years after their Denver-based IT shop was acquired by international tech company TechEdge, the founders of NIMBL are back with a new project.
Yosh Eisbart and Michael Pytel have teamed up for their fourth venture together, launching intelligent warehouse startup Fulfilld.
“We’re married for all of the good and the bad,” Eisbart said with a laugh about he and Pytel’s business relationship.
While at NIMBL, the duo consistently saw an opportunity within the warehouse technology world. Eisbart said SAP didn’t have a robust enough solution to fill the warehouse needs and there was a disconnect between software and hardware.
To fill those needs, Fulfilld has developed a cloud-based solution that creates a digital twin of the user’s warehouse. With this twin, the program can optimize employee productivity and efficiency using machine learning and track workforce biometrics.
Fulfilld also has an analytics platform that leverages warehouse data and machine learning to provide suggestions on how best to organize the day’s tasks. The company developed its product to integrate with warehouse scanners, allowing for cross-functionality between software and hardware.
The company’s primary targets are customers in the manufacturing, wholesale distribution and third-party logistics space.
Unlike NIMBL, which was entirely bootstrapped until acquisition, Eisbart said Fulfilld is looking at potential venture partners to scale this business.
While they are only a month into the new project, the company already has a working product and Eisbart is weighing the next steps. If Fulfilld takes on outside funding, he said the company will look to build an in-house product development team.
But, money isn’t the only goal for Fulfilld in going the venture capital route.
“Smart money,” Eisbart said he was looking for. “The smart money is the money that the VC can provide us the capital and the network.”
Looking back at their experience at NIMBL, Eisbart said he and Pytel have learned valuable lessons in building a company and made important connections in the warehouse technology space.
“Over the course of building NIMBL for 10 years, we’ve really come to understand the importance of building a rock star team. We’re building a leadership team and helping cultivate a culture of accountability and commitment,” he said.
TechEdge, a Milan-based IT business, bought NIMBL in January 2018. Financial terms were not disclosed. At the time of the deal, NIMBL employed slightly more than 100 people, about 70 percent of them in Denver.
