Funding boost for Locus as it targets international expansion

The funding was led by Zebra Ventures, the strategic investment arm of Zebra Technologies. Existing investors, including Scale Venture Partners, also participated in the round.

The Series D funding brings Locus Robotics’ total funding to more than $105 million. In addition to supporting the growth of the company’s R&D capacity to drive faster development of new warehouse robotics innovations, proceeds will be used to accelerate Locus’s expansion into new, global markets, including the launch of a European HQ and several strategic reseller partnerships worldwide throughout 2020.

“Locus Robotics is thrilled to announce this new round of funding amid our most transformative year yet,” said Rick Faulk, CEO of Locus Robotics. “The new funding allows Locus to accelerate expansion into global markets, enabling us to strengthen our support of retail, industrial, healthcare, and 3PL businesses around the world as they navigate through the COVID-19 pandemic, ensuring that they come out stronger on the other side.”

The COVID-19 pandemic has quickly transformed the retail industry, making online and omnichannel purchasing the new normal across the globe. Locus Robotics’ industry-leading robotics fulfillment solution enables brands, retailers, and third-party logistics (3PL) operators to easily meet higher order volumes and the increasing consumer demand for e-commerce, retail, omnichannel, and manufacturing order fulfillment.

Locus’s proven, multi-bot solution for fulfillment incorporates collaborative, autonomous robots that work closely with human employees to improve fulfillment productivity and efficiency. Customers worldwide, including CEVA, DHL, Boots UK, GEODIS, Port Logistics Group, Verst Logistics, Radial, and others, are seeing doubling or tripling of fulfillment productivity with near-100% accuracy while saving 30% or more in operating expenses.

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