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Locus Robotics secures $50 million in additional funding 
to accelerate global expansion

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Locus Robotics, a provider of autonomous mobile robots for fulfillment warehouses, has secured $50 million in additional funding from existing investor Tiger Global Management.

The funds will be used to facilitate continued growth and expansion into new markets around the globe, and more effectively meet the needs of its growing customer and partner ecosystem.

Rick Faulk, CEO of Locus Robotics, says: “At a time of increasing volumes and ongoing labor shortages, this new round of funding underscores how critical flexible, scalable, intelligent robotics automation has become to the warehouse and the supply chain. [Read more…] about Locus Robotics secures $50 million in additional funding 
to accelerate global expansion

Locus Robotics reaches half-a-billion units picked milestone

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Locus Robotics, a provider of autonomous mobile robots for warehouses, says it has surpassed the half-a-billion-units-picked milestone. This new achievement was attained just 94 days after Locus reached their 400 million level.

Rick Faulk, CEO, Locus Robotics, says: “Reaching our half-billion pick milestone this quickly underscores the critical business value that Locus’s proven technology brings to our customers around the world as they face exploding order volumes and limited labor availability.

“As ecommerce volumes increase, the pace of picking with LocusBots is also increasing exponentially. Locus’s first 100-million milestone took 1,542 days while the most recent 100 million picks took just 94 days. [Read more…] about Locus Robotics reaches half-a-billion units picked milestone

Locus Robotics reaches picking milestone of 250 million units in warehouses

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Locus Robotics, a provider of autonomous mobile robots for fulfillment warehouses, says that it has now passed the 250 million units picked volume level heading into the 2020 holiday peak season.

Locus robots now pick more than 10,000 units every 15 minutes, a 263 percent increase in units picked compared with the same period last year.

Locus’s 250 million pick milestone reflects the rapidly growing volumes at customer sites throughout this pandemic-impacted year, with some customers’ daily orders often reaching Black Friday levels. [Read more…] about Locus Robotics reaches picking milestone of 250 million units in warehouses

Plus Automation wins its first robotics-as-a-service contract

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Logistics and supply chain technology startup Plus Automation has won its first robotics-as-a-service contract with Jun Co, a Japanese company with diversified interests including fashion, food and fitness products. 

The company was jointly established in June 2019 and is 60 per cent owned by Mitsui, a Japanese conglomerate, and GLP Japan, said to be the largest Japanese logistics company but also has real estate and other interests.

The contract between Plus and Jun consists of a standard annual subscription together with the option to add robots when cargo volumes increase, making it “a highly convenient service package”, says Plus. [Read more…] about Plus Automation wins its first robotics-as-a-service contract