Locus Robotics raised $117M in Series F funding
The company specialized in robotics for warehouses increases its valuation to $2 billion
On November 29, US-based Locus Robotics, a pioneer in autonomous mobile robots for fulfillment and distribution facilities, announced a $117 million Series F funding round led by Goldman Sachs Asset Management and G2 Venture Partners. The company’s valuation has risen to $2 billion.
With over 230 contract sites worldwide – some with as many as 500 LocusBots – the Locus solution aims to effectively and seamlessly orchestrate the operation and control of numerous robot form factors. The robots currently make an average of over three million picks every day.
CEVA Logistics, DHL, Material Bank, Boots UK, GEODIS, Ryder, Verst Logistics, and Radial are among Locus' customers.
An IPO could come within 18-24 months.