Locus Robotics, an autonomous mobile robot manufacturer has secured $40 million in Series D funding. The newly raised capital will be used for R&D to drive faster development of new warehouse robotics innovations and accelerate global expansion, and several strategic reseller partnerships worldwide throughout 2020.
The company’s autonomous robots- LocusBots enables retailers and third-party logistics
operators to meet higher order volumes and the increasing consumer demand for e-commerce, retail, omnichannel, and manufacturing order fulfillment.
Source: https://venturebeat.com/2020/06/02/locus-robotics-raises-40-million-to-take-its-warehouse-robots-global/
Sneha Bokil is a Senior Editor with OnDot Media. She writes editorials on an array of topics ranging from IoT, AI, ML, and cloud computing, among others. She has over 9 years of experience in the field of content creation, where she has written on technology, both enterprise and consumer, and finance.
