Locus Robotics raises $26 million in Series C funding
Locus Robotics, a developer of autonomous mobile robots for warehouses, has raised $26 million in Series C funding.
Locus will use the funding to scale production of its multi-bot platform for warehouse fulfillment. The funding will also be used to expand Locus' sales and marketing efforts, both in North America, and internationally.
“We have seen a massive uptick in demand for the flexible automation incorporated into Locus’s multi-bot solution, which is uniquely suited to address these challenges,” says Rick Faulk, CEO of Locus Robotics.
“Not only is our solution proven to dramatically improve productivity and drive down costs, but it is also a source of scalable labor that can be adapted to meet the demands of numerous product and customer profiles. This new funding will enable us to scale to meet growing demand for our revolutionary solution worldwide.”
With Locus’ multi-robot technology, warehouse operators can achieve more efficient fulfillment operations, all while managing both labor costs and seasonally fluctuating order volume.
Locus says that thanks to its technology, customers are seeing doubling or tripling of fulfillment productivity with near-100 percent accuracy, while saving 30 percent or more in operating expenses.
“GEODIS is leading the way in automation digitalization in order to drive greater success for our customers,” says Eric Douglas, executive vice president of Technology and Engineering at GEODIS Americas, a customer of Locus Robotics.
“Locus’s offering delivers powerful results, scales to meet growth and seasonal demands, and is flexible enough for us to deploy it rapidly throughout our network.”