Locus Robotics raises $41.6m Series G
The financing supports manufacturing, orchestration software and expansion in Europe and Asia.
Locus Robotics raised $41.6 million in Series G financing. Backers included Goldman Sachs Asset Management, G2 Venture Partners, Scale Venture Partners and Tiger Global Management.
The company will expand global supply-chain and manufacturing capacity, develop multi-robot orchestration software and grow commercial activity in Europe and Asia. Its warehouse platform is delivered through robotics-as-a-service.
Use of funds
Expand global supply chain and manufacturing facilities
Develop multi-robot orchestration software
Support go-to-market in Europe and Asia