Locus Robotics

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Warehouse robot maker Locus gets $117m lift

November 30, 2022

Locus Robotics lands $117m fundingLocus Robotics of Wilmington has landed an additional $117 million in venture funding, with Goldman Sachs Asset Management and G2 Venture Partners leading the way. The latest funding round, announced Tuesday, sets the company’s estimated valuation at just under $2 billion.

Locus has emerged as a major global supplier of warehouse robots since it was spun out in 2015 by warehouse company Quiet Logistics of Devens. Chief executive Rick Faulk said the company has produced 10,000 robots that are in service with about 250 customers, with 30 percent of them outside the United States.

The new funding underscores Greater Boston’s status as a leading maker of warehouse robots.

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