Warehouse robot maker Locus gets $117m lift

Locus Robotics of Wilmington has landed an additional $117 million in venture funding, with Goldman Sachs Asset Management and G2 Venture Partners leading the way. The latest funding round, announced Tuesday, sets the company’s estimated valuation at just under $2 billion.

Locus has emerged as a major global supplier of warehouse robots since it was spun out in 2015 by warehouse company Quiet Logistics of Devens. Chief executive Rick Faulk said the company has produced 10,000 robots that are in service with about 250 customers, with 30 percent of them outside the United States.

The new funding underscores Greater Boston’s status as a leading maker of warehouse robots.

locus robotics
LOCUS ROBOTICS
Locus Robotics’ revolutionary, multi-bot solution incorporates powerful and intelligent autonomous mobile robots that operate collaboratively with human workers to dramatically improve piece‐handling, case-handling, and pallet-moving productivity 2X–3X, while optimizing labor and making efficient use of warehouse space.