Locus Robotics Raises $26M in Series C Funding

Locus Robotics, a Wilmington, Mass.-based market leader in autonomous mobile robots (AMR) for fulfillment warehouses, raised $26M in Series C funding.

Backers included Zebra Ventures, the strategic investment arm of Zebra Technologies, and Scale Venture Partners.

The company, which has raised more than $66m in total funding since launch, will use the proceeds to scale production of its multi-bot solution for warehouse fulfillment, as well as expand its sales and marketing efforts, both in North America, and internationally.

Led by Rick Faulk, CEO, Locus Robotics provides a multi-robot solution that enables warehouse operators to achieve efficient fulfillment operations while simultaneously managing both labor costs and fluctuating order volume.

Customers include DHL, GEODIS, Port Logistics Group, Verst Logistics, Radial, and others.

In addition to Zebra Ventures’ financial investment, Zebra Technologies is working with Locus to integrate technologies to bring innovative solutions to market. Locus recently added an accessory power port to their autonomous mobile robot, the LocusBot, which features a Zebra printer integrated onto its robotic platform, and showcased a Zebra wireless handheld scanner integrated with Locus’s new putaway functionality.

Source. FinSMEs, Staff, April 22, 2019

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