Locus Robotics raises $117M, eyes IPO

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One of the leading disruptors in the emerging warehouse automation industry is on the verge of going...

Warehouse picking robot startup XYZ raises $17 million

Warehouse picking robot startup raises $17 million (Photo: XYZ Robotics)

Massachusetts-based logistics robot startup XYZ Robotics has raised a Series A+ round of $17 million, led by Source Code Capital, Gaorong Capital and Morningside Capital. XYZ, which develops picking robots for warehouses, said the financing would help scale up research and development and bolster its operational capabilities. This funding round brings the company’s total investment to $27 million.

E-commerce has steadily risen in prominence within the retail market, eating into the market share...

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