Locus Robotics, a manufacturer of autonomous mobile robots for fulfillment warehouses, has raised $150 million in Series E funding, led by Tiger Global Management and BOND.
The round builds on support from existing investors including Scale Venture Partners and Prologis Ventures, the venture capital arm of Prologis, the global leader in logistics real estate. It also brings the valuation of Locus Robotics to $1 billion, according to the company.
Rick Faulk, CEO of Locus Robotics, says: “This new round of funding marks an important inflection point for Locus Robotics. [Read more…] about Locus Robotics raises $150 million in latest funding round, bringing its valuation to ‘$1 billion’