Locus, a leading Wilmington based autonomous robotics business announced that it has raised $26 million in Series C funding. The company will be diversifying this funding towards bolstering its ever-popular multi-bot warehouse fulfillment solution along with rapidly expanding its sales and marketing not just in North America but also internationally.
“Zebra Technologies has a longstanding mission of driving productivity in logistics and the supply chain,” said Tony Palcheck, Managing Director of Zebra Ventures. “We invest in technologies that will help our customers increase operational efficiency and meet their requirements for on-time delivery. Locus has quickly established itself as a leader in warehouse automation, and the company is a natural fit with our enterprise intelligence vision in the warehouse market.”
Zebra Ventures, the investment arm of Zebra Technologies led the series C round for Locus. This was preceded by Scale Venture Partners that initiated the company’s series B funding round. Combined, the company has so far received $66 million since it was founded.
“The continued, rapid growth of the warehouse industry and a tight labor market have placed tremendous pressure on warehouse operators to find a scalable, cost-effective way to meet increasing productivity and efficiency demands,” said Rick Faulk, CEO of Locus Robotics. “We have seen a massive uptick in demand for the flexible automation incorporated into Locus’s multi-bot solution, which is uniquely suited to address these challenges. Not only is our solution proven to dramatically improve productivity and drive down costs, but it is also a source of scalable labor that can be adapted to meet the demands of numerous product and customer profiles. This new funding will enable us to scale to meet the growing demand for our revolutionary solution worldwide.”
Locus’s award-winning solution consisting of multiple robots helps warehouse operators deal with large workloads effortlessly. The multi-bot solutions help balance labor costs and seasonal spikes of consumer product demands.
“The accelerated adoption of robotics technology worldwide is driving significant demand for autonomous mobile robots, and Locus brings to market a unique solution that provides an easy-to-deploy, flexible and scalable approach to autonomous mobile robot-enabled fulfillment,” said John Santagate, Research Director at IDC. “Locus’s multi-robot solution is unique in the market as it allows human workers in the fulfillment process to execute too many orders as they can interact with multiple robots that are working independently of one another at any given time. The partnership with Zebra is also quite interesting as it combines a long-time leader in supply chain technology with an emerging vendor in a high growth market.”
Zebra Technologies is working closely with Locus to join forces in order to get stronger, industry-focused products into the market. As a display of their strength, the companies displayed a robot equipped with an accessory power port. The LocusBot can connect with a printer manufactured by Zebra Technologies and can integrate with a wireless handheld scanner. The robot solves a critical industry problem of loss of time for operators fluctuating between different devices.
Locus’ major clients include –
- Port Logistics Group
- Verst Logistics