Robots that can help retailers keep up with Amazon are a hot commodity, and investors are taking notice. Today, one of these industrial robotics makers, Locus Robotics, said that it had raised $150 million led by Tiger Global and Bond at a $1 billion valuation as e-commerce surged. It was one of the first to reach the unicorn level.
“We are excited about this unicorn valuation,” CEO Rick Faulk told Forbes. “There aren’t many of them in the world today in this space.”