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Ocado Group is a global technology business specializing in e-commerce, fulfilment, and logistics for online grocery and distribution. It licenses the Ocado Smart Platform, leveraging advanced robotic technology. This platform integrates computer vision, deep reinforcement learning, and sensing to automate picking and packing in customer fulfilment centres, providing comprehensive solutions for online retail.
Founded in April 2000 by Tim Steiner, Jason Gissing, and Jonathan Faiman, former Goldman Sachs bankers, Ocado began with a vision for online grocery. Their insight centered on a dedicated, technologically advanced infrastructure. This efficiently managed complex logistics for delivering groceries directly to consumers, setting their model apart from traditional retail.
Ocado Group licenses its proprietary technology to international grocery retailers, enabling them to build and optimize online operations. The company's vision is to transform the global online retail landscape, extending beyond groceries, through continuous innovation in automation and software. It aims to lead digital fulfilment and distribution worldwide.
Key people at Ocado.
Ocado was founded in 2000 by Jonathan Faiman (Founder) and Tim Steiner (Founder and CEO) and Jason Gissing (Co-Founder).
Key people at Ocado.
Ocado was founded in 2000 by Jonathan Faiman (Founder) and Tim Steiner (Founder and CEO) and Jason Gissing (Co-Founder).
Ocado has 5 tracked investments across 4 companies. The latest tracked deal is $19.0M Other Equity in Inkbit in May 2024.