Exotec, an Atlanta, GA-based global warehouse robotics company, raised $335M in Series D funding at a $2 Billion valuation.
The Growth Equity business within Goldman Sachs Asset Management led the round with follow-on investments from 83North and Dell Technologies Capital.
The company will use the funds to continue to launch large-scale deployments in North America, Europe, and Asia for global brands and to hire 500 new R&D engineers by 2025 to accelerate the development of its high-performance warehouse automation technology.
Led by Romain Moulin, Co-founder and CEO, Exotec is a global robotics company, building scalable warehouse robotic solutions for the world’s largest brands. The company’s signature solution, The Skypod system, utilizes robots that can reach a height of 36 feet to enable high-density inventory storage and retrieval. Exotec supports 30+ brands spanning e-commerce, grocery, retail, manufacturing, and 3PL sectors. To date, Exotec has secured $477M in funding from industry-leading investors including Goldman Sachs, Bpifrance, 83North, Dell Technologies Capital, Iris Capital, 360 Capital Partners, and Breega.