Locus Robotics closes $117 million Series F funding.

Locus Robotics closes $117 million Series F funding.

Bots sitethe leading manufacturer of autonomous mobile robots (AMR) for the fulfillment and distribution warehouses, today announced more than $117 million in Series F financing, led by Goldman Sachs Asset Management and G2 Venture Partners. As part of the financing, Mark Middleand Managing Director, Goldman Sachs, W Zack BarashPartner, G2 Venture Partners, He will join the Locus board of directors, bringing their unique industry perspectives and insights to guide the next phase of Locus’ global growth and expansion.

“Locus has established itself as an innovative, high-quality market leader for flexible automation in the massive warehouse and distribution fulfillment market,” he said. Mark Middle Goldman Sachs. “Our investment reflects our view that Locus has the product offering and operational excellence required to meet and exceed the market challenges posed by the current dynamic economic environment.”

“This new round of financing marks an important inflection point for Locus Robotics as we look forward to the next phase of growth, and we have strategically chosen to bring in investors with a wealth of experience in both the public and private markets to advise us as we continue our business journey,” he said. Rick VolkCEO of Locus Robotics. “As the supply chain continues to rapidly digitize, warehouses are increasingly seeking flexible and intelligent robotics to improve productivity and augment their operations, despite persistent labor shortages and ballooning order volumes.”

The Locus warehouse fulfillment platform disrupts large-scale warehouse execution and distribution with an industry-leading, intelligent, dynamically scalable, bot-based solution. Locus delivers 2X-3X productivity by seamlessly coordinating both human labor and AMRs to dramatically improve order fulfillment efficiency and workplace ergonomics, while lowering operational costs.

“Locus is clearly the winner in the flexible warehouse robotics space, and the consistency with which the Locus team has executed is extraordinary,” he said. Zack Barash From G2 Venture Partners. “We are excited to be an investor in Locus Robotics, and to partner with a leading warehouse implementation company in making global supply chains faster, more cost-effective, more resilient, and more sustainable.”

With more than 230 contract sites worldwide—some with up to 500 LocusBots per site—the Locus solution efficiently and seamlessly organizes the operation and management of multiple bot form factors, delivers forward-looking business intelligence in real time, critical to improving productivity, and proactively manages labor and cost management.

“By 2026, 75% of large companies in a product-focused business will have adopted some form of robotics within logistics in their warehouse operations,” he said. Dwight KlapitchAnalyst, Gartner. “A lower price-to-entry and faster time-to-value for bots opens the market to more companies that can justify automation… As companies adopt bots, most organizations will expand their use of bots within the enterprise, driving fleet growth.”

“As order volumes continue to increase and labor shortages persist around the world, robotic automation is now a must for warehouse operators,” Ash SharmaMD, Interaction Analysis. “Locus is uniquely positioned as a leader in digital transformation in this massive global market where warehouse operators are increasingly focused on scalability, rapid return on investment, and ease of deployment.”

Locus partners with the world’s leading warehouse operators to create powerful synergies that accelerate deployment and deliver powerful, actionable business intelligence to improve warehouse productivity, cost management and labor management.

“Our 5-year partnership with Locus has enabled DHL to offer our customers more agile, flexible and scalable supply chain solutions to support faster delivery, improve operational efficiencies and reduce staff workloads.” Sally Miller, CIO, DHL North America Supply Chain. “At that time, Locus’ ability to seamlessly and in a targeted manner integrate leading technologies into our operations was a tremendous success for our customers’ supply chains.”

in September 2022Locus hit a milestone with its first pick in the industry, the billionth. It took Locus 1,542 days to pick the first 100 million units and 40 days for the last 100 million picks. Locus bots now average over three million selections per day around the world.

Locus has more than 90 customers worldwide, including CEVA Logistics, DHL, Material Bank, Boots UK, GEODIS, Ryder, First Logistics, Radial and more, who are constantly doubling and tripling their productivity, with nearly 100% accuracy, using a solution Locus.

Also participating in the Series F round were Stack Capital Group, Next47, Stafford Capital Partners, HESTA, Newton Investment Management North America, Gray’s Creek Capital, Silicon Valley Bank, and Hercules Capital, Inc. and BOND and Scale Venture Partners.

About Locus Robotics

Locus Robotics’ revolutionary multi-robot solution includes powerful, intelligent mobile robots that work collaboratively with human operators to improve the productivity of cutting handling, case handling, and pallet moving 2X – 3X, while optimizing labor and efficient utilization of warehouse space. Locus efficiently helps retailers, 3PLs, and specialty warehouses meet and exceed the increasingly complex and demanding demands of fulfillment environments. By integrating seamlessly into new and existing warehouse infrastructures at scale without disrupting workflows, Locus transforms productivity without transforming the warehouse.

Headquartered in Wilmington, MassachusettsLocus’ presence in Europe, the Middle East and Africa is centrally located in Amsterdamwith APAC located in Singapore.

In 2022 alone, Locus Robotics won more than 17 industry awards, including a nomination to Inc. 500 for the second consecutive year and a 2022 IFOY Award for Autonomous Mobile Robotics Solution in the Automated Guided Vehicle (AGV/AMR) Category.

On the growth of asset management at Goldman Sachs

By bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a customized partnership and focus on long-term performance. As the primary investment area within Goldman Sachs (NYSE): p), we provide investment and advisory services to the world’s leading institutions, financial advisors and individuals, drawing on our deeply interconnected global network and tailored expert insights, across every region and market – overseeing more than $2 trillion In supervised assets worldwide as of September 30, 2022. Driven by a passion for our clients’ performance, we seek to build long-term relationships based on conviction, sustainable results, and shared success over time. Goldman Sachs Asset Management invests in a full range of alternatives, including private equity, growth stocks, private credit, real estate and infrastructure. Since 2003, the growth equity business has invested in Goldman Sachs Asset Management which includes over 75 individuals. $13 billion In companies led by visionary founders and CEOs. We focus exclusively on investments in growth stage and technology-driven companies spanning multiple industries, including enterprise technology, fintech, consumer and healthcare. Find us on LinkedIn.

About G2 Venture Partners

G2 Venture Partners is a venture and growth firm focused on emerging technologies driving sustainable transformation across traditional industries. We support entrepreneurs who open new avenues for environmentally and socially responsible economic growth. Learn more through www.g2vp.com Contact the team at info@g2vp.com.

* Gartner, Intralogistics Intelligent Robotics Market Guide, April 18, 2022And the Dwight Klapitch

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