Locus Robotics announces major Series D funding round

Warehouse robotics startup Locus Robotics has raised $40 million in Series D funding led by Zebra Ventures.

Existing investors, including Scale Venture Partners, also participated in the round.

This brings Locus Robotics’ total funding to more than $105 million. In addition to supporting the growth of the company’s R&D capacity, proceeds will be used to accelerate its expansion into new markets, including the launch of EU headquarters and several strategic reseller partnerships worldwide throughout 2020.

“We’re thrilled to announce this new round of funding amid our most transformative year yet,” says Rick Faulk, CEO at Locus Robotics, whose customers include DHL and Boots UK.

“The new funding allows us 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.”

Tony Palcheck, Senior Director, Zebra Ventures, comments: “Automation has proven to be a critical solution for retail and third-party logistics businesses during this challenging time.”

“As the retail industry continues to shift to e-commerce, Locus Robotics’ warehouse automation will help businesses meet the demands of this ‘new normal,’ ensuring that customers can increase operational efficiency to meet requirements for fast, accurate delivery.”