Robotics & Automation News

Where Innovation Meets Imagination

monday

Locus Robotics picks ‘record-breaking’ 331 million units during holiday season

by

Locus Robotics, a provider of autonomous mobile robots (AMRs) for fulfilment warehouses, has released its annual Cyber Week recap, which reports a record-breaking 331 million units picked globally on behalf of its retail and third-party logistics partners, a 66 percent increase over last year.

LocusBots picked almost 7 million average daily units, an increase of 107 percent compared with 2022.

Rick Faulk, CEO of Locus Robotics, says: “We are thrilled to have delivered another record-breaking peak shopping season for our customers. [Read more…] about Locus Robotics picks ‘record-breaking’ 331 million units during holiday season

Employee management software provider Rippling raises $500 million in Series E financing

by

By Parker Conrad, CEO, Rippling

Rippling, a provider of automated software for employee management, has raised $500 million in a round led by Greenoaks. The round values the company at $11.25 billion, the same as the company’s Series D financing in May 2022.

This was an unusual round, raised in record time and for a purpose that ultimately resolved on its own. It all started on Friday, March 10th at 5.30 am PST.

Rippling’s primary banking partner, Silicon Valley Bank (SVB), collapsed with dizzying speed on Thursday, March 9, and entered FDIC receivership on Friday, March 10. [Read more…] about Employee management software provider Rippling raises $500 million in Series E financing