Locus Robotics

Machinery : Industrial Robot : Autonomous Mobile Robot

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Wilmington, Massachusetts, United States

VC-F

Locus Robotics’ innovative autonomous mobile robots make it easy to optimize your warehouse operation, respond to e-commerce volume growth and seasonal peaks while giving you control over your labor costs.

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Locus Robotics Announces $117 million in Series F Funding, Bringing its Valuation Close to $2 Billion

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Locus Robotics, Goldman Sachs, G2 Venture Partners


Locus Robotics, a leader in autonomous mobile robots (AMR) for fulfillment and distribution warehouses, today announced more than $117 million in Series F funding, led by Goldman Sachs Asset Management and G2 Venture Partners. As part of the financing, Mark Midle, Managing Director, Goldman Sachs, and Zach Barasz, Partner, G2 Venture Partners, will join the Locus Board of Directors, bringing their unique industry perspectives and insights to further guide Locus’s next stage of growth and global expansion.

The Locus warehouse execution platform disrupts large-scale warehouse fulfillment and distribution with an industry-leading, intelligent, and dynamically scalable robotics-driven 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.

Read more at PR Newswire

Carhartt partners with robotics firm to automate fulfillment services

📅 Date:

✍️ Author: Katishi Maake

🏢 Organizations: Carhartt, Locus Robotics


Carhartt wants to boost innovation and technology for its consumer-facing operations. But the company is also reimagining how it functions on the back end. The workwear brand recently automated a facility just outside Columbus, Ohio, with the help of Locus Robotics, a Massachusetts-based firm. Third-party logistics company DHL is a client of Locus and does end-to-end fulfillment for Carhartt across its retail, wholesale, and e-commerce businesses.

Locus’s fleet of robots deployed at the facility has automated all of Carhartt’s checking and replenishment functions, and CEO Rick Faulk says Carhartt is seeing significant productivity gains, which is measured in the number of units moved per hour. Carhartt’s SKU count at the Columbus facility expanded greatly and the company also needed faster order shipments. Carhartt was previously running roughly 60–70 units per hour with humans. Now that figure is almost 180 units per hour, about a 3x increase. An added benefit for Carhartt is the company can request more robots if it needs to fulfill more orders on a short turnaround.

Read more at RetailBrew