Locus Robotics Raises $117 Million at a Close to $2 Billion Valuation

Locus Robotics is a robotic process automation company that provides retailers and warehouse logistics providers with automated warehouse robots for e-commerce support. The technology works together with workers, not keeping them away, to increase fulfillment speed, order accuracy, and order productivity. With the robots’ help, people become more efficient and effective with less labor.

The Series F funding round was led by Goldman Sachs, G2 Venture Partners, and Stack. Scale Venture Partners, the existing investor, also took part in the round. “We are thrilled to be investors in Locus Robotics and to partner with the leading warehouse execution company in making global supply chains faster, more cost-effective, and more resilient and sustainable,” Zach Barasz, G2 Venture Partners.

Locus Robotics, Wilmington, USA was founded by Bruce E. Welty in 2014. “Companies are focused on improving operational efficiency and Locus assists with exactly that….therefore, there is strong excitement around being a differentiated solution in a very large end market. The raise will enable Locus to continue to extend its leadership in the market,” Locus Robotics’s CEO, Rick Faulk. As of now, Locus Robotics has 230 sites under contract around the world. Among its customers are CEVA Logistics, DHL, Material Bank, Boots UK, etc.

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