What is Locus Robotics?
Founded in 2014 and headquartered in Wilmington, Massachusetts, Locus Robotics designs and deploys autonomous mobile robots (AMRs) engineered to optimize warehouse operations. Unlike traditional automation systems that often require extensive infrastructure changes, LocusBots are built to work seamlessly alongside human workers, enhancing productivity without necessitating a complete overhaul of existing workflows. The company's technology addresses the growing demand for efficient, flexible, and scalable solutions in the e-commerce fulfillment and logistics industries, aiming to break free from the constraints of grid-based automation.
How much funding has Locus Robotics raised?
Locus Robotics has raised a total of $424.4M across 8 funding rounds:
Series A
$6M
Private Equity
$9.2M
Series B
$25.1M
Series C
$26M
Debt
$1M
Series D
$40M
Series E
$200M
Series F
$117M
Series A (2016): $6M, investors not publicly disclosed
Private Equity (2017): $9.2M, investors not publicly disclosed
Series B (2017): $25.1M supported by BA Venture Partners
Series C (2019): $26M featuring BA Venture Partners and Zebra Technologies
Debt (2020): $1M backed by PPP
Series D (2020): $40M with participation from Zebra Technologies
Series E (2021): $200M led by Tiger Global Management and Bond
Series F (2022): $117M supported by Stack Capital Group, Goldman Sachs, Hercules Capital, Silicon Valley Bank, and Next47
Key Investors in Locus Robotics
Stack Capital Group
Stack Capital Group is an investment firm that provides capital to growing companies. Specific investment focus areas are not detailed.
Goldman Sachs
Goldman Sachs is a leading global investment banking and financial services firm, known for its extensive involvement in capital markets and corporate finance.
Hercules Capital
Hercules Capital is a specialty finance company that provides venture growth loans to technology and life sciences companies, focusing on high-growth, venture capital-backed businesses.
What's next for Locus Robotics?
The substantial enterprise-level funding and recent strategic investment position Locus Robotics for accelerated expansion and technological advancement. This capital infusion is expected to fuel further research and development into next-generation robotics, enhance global market penetration, and strengthen strategic partnerships. As the demand for efficient warehouse automation continues to surge, driven by the growth of e-commerce and the need for supply chain resilience, Locus Robotics is poised to capitalize on these trends, further solidifying its role as a key player in the robotics and automation landscape.
See full Locus Robotics company page
