Locus Robotics

Locus Robotics bags $150 million in Series E funding

Locus Robotics, which makes autonomous robots for use in fulfillment centers and warehouses, said Wednesday it has landed $150 million in Series E funding led by investment firm Tiger Global Management and IT investment firm Bond.

The funding round brings to more than $260 million the amount that Wilmington, Massachusetts-based Locus has raised. Company executives say that Locus will ultimately go public but that a timetable for such an event has not been determined.

Companies such as Locus are...

https://s29755.pcdn.co/news/locus-robotics-bags-$150-million-in-series-e-funding

Quiet Logistics spinoff growing Robotics as a Service business (with video)

Had Amazon (NASDAQ: AMZN) not purchased Kiva Systems for $775 million in 2012 and stopped selling its robots, Locus Robotics might not have become a spinoff of 3PL Quiet Logistics.

“The management team at the time had a choice of whether to not use robots, buy a robot or build their own,” Locus Robotics CEO Rick Faulk said during a fireside chat with Tony Palchek, managing director of Zebra Technologies, during the FreightWaves Future of Logistics Real Estate Summit on Tuesday. “I think they...

https://www.freightwaves.com/news/quiet-logistics-spinoff-growing-robotics-as-a-service-business-with-video

Warehouse robotics firm pulls in $40 million investment from existing partners

Locus Robotics has raised an additional $40 million from its earlier investors, bringing investment in the developer of robotics for the logistics industry to about $105 million.

Locus Robotics manufactures several systems designed to work in warehouses and other stops along the logistics chain. Locus’ products are known as AMRs, or automated mobile robots. This page on its website shows several of the systems Locus has designed, operating in faciiltiies of such companies as CEVA Logistics. 

The...

https://www.freightwaves.com/news/warehouse-robotics-firm-pulls-in-40-million-investment-from-existing-partners

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