Locus Robotics lands $117 million enterprise backing in “sequence F” spherical
Warehouse automation supplier Locus Robotics has landed a hefty $117 million in backing to speed up the rollout of its autonomous cell robots (AMRs) for warehouse achievement and distribution purposes, the corporate stated in the present day.
The funding comes as Locus already counts greater than 90 prospects worldwide, and its robots are put in at greater than 230 websites, together with some with as many as 500 LocusBots in a single facility.
“As the speedy digital transformation of the availability chain continues, warehouses more and more search versatile, clever robotics automation to enhance productiveness and develop their operations, regardless of ongoing labor shortages and exploding order volumes,” Locus CEO Rick Faulk stated in a launch.
The “sequence F” spherical was led by Goldman Sachs Asset Administration and G2 Enterprise Companions. As a part of that financing, Mark Midle, managing director at Goldman Sachs, and Zach Barasz, companion at G2 Enterprise Companions, will be a part of Locus’ board of administrators.
Additionally taking part within the spherical had been Stack Capital Group, Next47, Stafford Capital Companions, HESTA, Newton Funding Administration North America, Grey’s Creek Capital, Silicon Valley Financial institution, Hercules Capital, Inc., BOND, and Scale Enterprise Companions. The most recent funding follows a $50 million spherical in 2021, and brings Wilmington, Massachusetts-based Locus’ company valuation near $2 billion.
