USA – Locus Robotics, a Wilmington, Mass.-based provider of autonomous mobile robots (AMR) for fulfillment warehouses, raised more than $40m in Series D funding.
The round, which brought total funding raised to date to more than $105m, was led by Zebra Ventures, the strategic investment arm of Zebra Technologies, with participation from existing investors Scale Venture Partners. The company intends to use the funds for research and development (R&D) and expansion into new, global markets, including the launch of a European (EU) headquarters and several strategic reseller partnerships worldwide throughout 2020. Led by Rick Faulk, CEO, Locus Robotics provides a robotics fulfillment solution that enables brands, retailers, and third-party logistics (3PL) operators to meet high order volumes and the consumer demand for e-commerce, retail, omnichannel, and manufacturing order fulfillment. The company’s multi-bot solution for fulfillment incorporates collaborative, autonomous robots that work closely with human employees to improve fulfillment productivity and efficiency. Customers include CEVA, DHL, Boots UK, GEODIS, Port Logistics Group, Verst Logistics, Radial, and others.02/06/2020
