Mark Solomon
Wednesday, February 17, 2021
Locus Robotics bags $150 million in Series E funding
The warehouse robot maker sees strong growth as more businesses automate their fulfillment operations.
The warehouse robot maker sees strong growth as more businesses automate their fulfillment operations.
3PL Quiet Logistics lost its supplier of warehouse robots when Amazon bought Kiva Systems in 2012. After three years in stealth mode, Quiet Logistics spun off its own robotics business in 2015. Five years later, Locus Robotics is growing globally.
Locus Robotics now has raised more than $100 million.
The funds will be used to scale its warehouse robotics system, as well as expand sales and marketing in North America and internationally.