202229 Nov

Stack Capital Invests $8 million USD into Locus Robotics

Summary

- Locus robots help deliver a 2X-3X increase in productivity- Customer base includes over 90 leading global companies, including DHL (ETR:DPW), and over 230 sites under contract worldwide- Robotics-as-a-Service ("RaaS") pricing model paves the way for increased adoption of its solutions - eliminating the need for customers to incur a large, upfront capital expenditure- Locus successfully raised $117 million USD as part of its Series F funding, at a valuation of close to $2 billion USD

Source: Stackcapitalgroup

Funding

$117M
Amount
Nov 29 2022
Date
-
Investor
Locus Robotics
Company

Classifications

Companies