Locus Robotics, the leader in autonomous mobile robots (AMR) for fulfilment warehouses, has announced $150 million in Series E funding, led by Tiger Global Management and BOND.
The round builds on support from existing investors including Scale Venture Partners and Prologis Ventures, the venture capital arm of Prologis, the global leader in logistics real estate.
“This new round of funding marks an important inflection point for Locus Robotics,” said Locus Robotics CEO Rick Faulk. “Warehouses facing ongoing labour shortages and exploding volumes, are looking for flexible, intelligent automation to improve productivity and grow their operations. Locus is uniquely positioned to drive digital transformation in this enormous global market.”
Locus will use the new investment to further expand its market opportunities around the globe and support ongoing research and development (R&D) to grow and enhance its award-winning, innovative warehouse technology solution…