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Locus Robotics secures funding for product development

LBR Staff Writer Published 21 November 2017

Locus Robotics, a provider of autonomous and mobile robots for use in e-commerce fulfillment warehouses, has secured $25m funding to be used for product development and go-to-market activities.

The company will also use investment for its subscription-based robot fleet, in addition to expanding into international markets.

The series B funding round was carried out by Scale Venture Partners and existing investors.

Locus Robotics provides warehouse robotics solution for retailers and third-party logistics (3PL) operators.

The firm’s robotics solution allows warehouse operators to carry out effective fulfillment operations, while simultaneously managing both labor costs and seasonally fluctuating order volume.

Its robots-as-a-service (RaaS) subscription business model enables to save more operating expenses and enhance fulfillment speed with accuracy.

Locus Robotics Advanced Navigation (LRAN) is an autonomous robotics navigation software, which supports retailers and 3PL providers with multi-robot warehouse fulfillment.

Locus Robotics CEO Rick Faulk said: “E-commerce fulfillment warehouses are under tremendous pressure to meet increasing demands for fast, accurate order fulfillment in the face of significant labor challenges.

“Locus Robotics’s collaborative robots allow warehouse operators to significantly increase worker productivity while economically closing the growing labor gap.

“In an economy largely dominated by Amazon, Locus arms independent operators with the means to compete effectively.”