WILMINGTON, MA, Locus Robotics today announced that it has secured $50 million in additional funding.
Locus Robotics, the leader in autonomous mobile robots (AMR) for fulfillment warehouses, today announced that it has secured $50 million in additional funding from existing investor Tiger Global Management to facilitate continued growth and expansion into new markets around the globe, and more effectively meet the needs of its growing customer and partner ecosystem.
This additional funding adds to the investment made by Tiger Global in Locus's series E round in February.
Locus Robotics' revolutionary, multi-bot solution incorporates powerful and intelligent autonomous mobile robots that operate collaboratively with human workers to dramatically improve piece-handling productivity 2 - 3x, with less labor compared to traditional piece handling systems. This award-winning solution helps retailers, 3PLs, and specialty warehouses efficiently meet and exceed the increasingly complex and demanding requirements of fulfillment environments, easily integrating into existing warehouse infrastructures without disrupting workflows, instantly transforming productivity without transforming the warehouse. In 2021 Locus Robotics made the list of Inc. 500, ranking number 428. For more information, visit www.locusrobotics.com.
(c)2011-2020 by Massinvestor, Inc. For contact info, please check out our about