From cancelled conferences to disrupted supply chains, not a corner of the global economy is immune to the spread of COVID-19. Fulfillment warehouse robots are having a moment as online shopping continues to increase during the pandemic. The hot market for autonomous fulfillment solutions has helped Locus Robotics, which makes autonomous mobile robots for use in fulfillment warehouses, raise an additional $40 million during a successful Series D this week. The new infusion brings total funding for Locus to $105 million. The company plans to use the money for R&D and expansion into new global markets, including in Europe, where it plans to open a new regional headquarters this year.
Jun-3-2020, 12:54:10 GMT