An autonomous mobile robots company Locus Robotics based in the US redefines fulfillment warehouses. Recently, the company bagged $50 million (nearly £37 million) in a recent funding round. The additional investment from existing investor Tiger Global Management adds to the Series E round it secured in February.
Locus Robotics will use the investment for the continued growth of its business. Also, it will expand into new markets across the world and meet the requirements of growing customers and partner ecosystems more effectively.
Warehouse and fulfillment robotics
Led by CEO Rick Faulk, Locus Robotics manufactures autonomous, mobile robots to support e-commerce for retailers and warehouse logistics providers.