Locus Robotics today acquired Waypoint Robotics.
Locus Robotics has built a reputation as one of the leaders in the warehouse automation space. The company has raised $305M since its founding in 2014. The company is one of the first AMR unicorns with a valuation over $1B.
Locus Robotics is also one of the market leaders in commercializing the robots-as-a-service (RaaS) business model. In a RaaS business model, clients pay for the service delivered by the solution, instead of paying to acquire a capital asset, and then amortizing/depreciating the cost of that asset. Locus recently celebrated half-a-billion picks by a LocusBot, proof that customers value the Locus solution.
Read the full article to learn why this is going to be a great combination of compatible technologies, market focus and skillset/personalities.