Locus Robotics raises $150 million to scale its warehouse robotics platform

18 Feb, 2021

Locus Robotics raises $150 million to scale its warehouse robotics platform
Photo by Charles Forerunner on Unsplash

– Locus Robotics, a Wilmington, Massachusetts-based warehouse robotics startup, today announced it has raised $150 million in series E funding at a $1 billion post-money valuation.
– The company says the funding will allow it to accelerate product innovation and global expansion.
– Locus expects that in the next four years, over a million warehouse robots will be installed and that the number of warehouses using them will grow tenfold.
– Worker shortages attributable to the pandemic have accelerated the adoption of automation.
– According to ABI Research, more than 4 million commercial robots will be installed in over 50,000 warehouses around the world by 2025, up from under 4,000 warehouses as of 2018.

Industrial Automation Logistics Manufacturing North America Robotics Supply Chain Management
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