Locus Robotics raises $150 million to scale its warehouse robotics platform

Locus Robotics

Locus Robotics, a Wilmington, Massachusetts-based warehouse robotics startup, today announced it has raised $150 million in series E funding at a $1 billion post-money valuation. The company says the funding will allow it to accelerate product innovation and global expansion. Locus expects that in the next four years, over a million warehouse robots will be installed and that the number of warehouses using them will grow tenfold.

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Agility Robotics’ humanoid Digit robot helps itself to the logistics market

As the pandemic wears on, humanoid robots that can perform general tasks could become increasingly important. They can move heavy objects in warehouses, assist with last-yard deliveries, and potentially be involved in other tasks where low human-to-human contact is preferable for safety reasons. Agility Robotics is one of the companies making these helper robots.

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