Locus Robotics raises $150M Series E at $1B valuation
Evidence notes
- Locus Robotics secured $150 million in Series E funding, boosting its valuation to $1 billion.
- The funding round was led by existing investors, enhancing Locus's market position in warehouse automation.
- The financing supports continued product development, deployment scaling, and commercialization of the company's robotics platform.
Company context
Locus Robotics develops autonomous mobile robots (AMRs) for warehouse automation, focused on order fulfillment and logistics operations. Its systems are designed to work collaboratively with human workers to improve picking efficiency and reduce manual travel in warehouses.