What is Locus Robotics?
Founded in 2014 and based in Wilmington, Massachusetts, Locus Robotics is at the forefront of revolutionizing warehouse automation. The company designs collaborative robots engineered to enhance operational efficiency by moving beyond the constraints of traditional grid-based systems. These robots are developed to work harmoniously alongside human workers, augmenting their capabilities rather than replacing them. Locus Robotics' technology addresses the growing demand for flexible and scalable solutions in logistics and fulfillment centers.
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 Next47, Stack Capital Group, Goldman Sachs, Hercules Capital, and Silicon Valley Bank
Key Investors in Locus Robotics
Next47
Next47 is a global venture firm backed by Siemens, leveraging deep technical expertise and market access to accelerate portfolio company growth, particularly in deep technology sectors like robotics.
Goldman Sachs
Goldman Sachs is a leading global investment banking firm providing a wide range of financial services, including significant capital investment and strategic advisory for high-growth companies.
Hercules Capital
Hercules Capital is a specialty finance company providing venture growth loans to innovative, venture capital-backed companies in technology and other high-growth industries.
What's next for Locus Robotics?
The recent major strategic investment signals a pivotal phase for Locus Robotics, likely enabling accelerated product development, market expansion, and enhanced operational scaling. This infusion of capital is expected to fortify its competitive position in the rapidly evolving robotics and automation sector. The company's focus on human-robot collaboration positions it well to capitalize on the increasing need for intelligent automation solutions that prioritize workforce integration and safety.
See full Locus Robotics company page
