Announced
Completed
Financials
Tags
Acquisition
Venture Capital
Single Bidder
Minority
Domestic
Electronic Components and Equipment
Private Equity
Friendly
Completed
United States
warehouse robotics
Private
Synopsis
Tiger Global Management and BOND led a $150m Series E round in Locus Robotics, a warehouse robotics company, with participation from Scale Venture Partners and Prologis Ventures. "This new round of funding marks an important inflection point for Locus Robotics. Warehouses facing ongoing labor shortages and exploding volumes, are looking for flexible, intelligent automation to improve productivity and grow their operations. Locus is uniquely positioned to drive digital transformation in this enormous global market," Rick Faulk, Locus Robotics CEO.
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