Locus Robotics, a Wilmington, Mass.-based leader in autonomous mobile robots (AMR) for fulfillment warehouses, raised $150m in Series E funding.
The round was led by Tiger Global Management and BOND, with participation from Scale Venture Partners and Prologis Ventures, the venture capital arm of Prologis, the global logistics real estate company.
The company will use the new funds to further expand its market opportunities around the globe and support ongoing research and development (R&D) to grow and enhance its warehouse technology solution.
Led by Rick Faulk, CEO, Locus Robotics is a multi-bot solution that incorporates intelligent autonomous mobile robots that operate collaboratively with human workers to improve piece-handling productivity. This solution helps retailers, 3PLs, and specialty warehouses meet and exceed the complex requirements of fulfillment environments, integrating into existing warehouse infrastructures without disrupting workflows, transforming productivity without transforming the warehouse.
The company currently serves more than 40 customers and 80 warehouses around the world with its solution. LocusBots have picked more than 300 million units, including 70 million units during the recent holiday season.
Customers worldwide include CEVA Logistics, DHL, Material Bank, Boots UK, GEODIS, Port Logistics Group, Verst Logistics, Radial, and others.
FinSMEs
18/02/2021