Overview

Locus Robotics specializes in warehouse automation by using Autonomous Mobile Robots (AMRs) to improve productivity and lower labor costs. Their main product is a data science-driven platform called LocusOne, which supports the deployment and performance management of AMRs across warehouses. This platform helps clients optimize their workflows for tasks like picking, putaway, transport, and mezzanine management. Unlike many competitors, Locus Robotics operates on a "Robots as a Service" (RaaS) model, allowing clients to subscribe to the use of robots and software instead of making a large upfront purchase. This approach enables quick deployment and scalability, making it easier for businesses to adapt to changing demands. The company's goal is to enhance efficiency in warehouse operations while ensuring security and compliance with data privacy standards.

Simplify's Take

What believers are saying

• LocusINTELLIGENCE launch enhances operational efficiency and decision-making in warehouse automation.
• Strategic partnership with BITO Lagertechnik offers integrated, end-to-end warehouse automation solutions.
• CE certification of Locus Vector enables expansion into European and global markets.

What critics are saying

• Increased competition from Fetch Robotics and 6 River Systems in warehouse automation.
• Potential data privacy challenges with the expansion of LocusINTELLIGENCE platform.
• Economic downturns may impact RaaS model as clients cut back on subscriptions.

What makes Locus Robotics unique

• Locus Robotics offers a unique RaaS model for flexible, scalable automation solutions.
• Their LocusONE platform integrates AI-driven business intelligence for enhanced warehouse efficiency.
• Locus Robotics' AMRs collaborate with workers, doubling productivity and ensuring near-perfect order accuracy.

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Funding

Total Funding

$416M

Above

Industry Average

Funded Over

6 Rounds

Notable Investors:

Tiger Global

Notable Investors:

Tiger Global

$117,000,000

Series F

Nov 2022

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Series F Funding Comparison

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