The COVID-19 pandemic will have an extensive impact on robotics, as more business want to automation as a method forward. While wide-scale automation had long looked like an inevitability, the pandemic is set to speed up the push as corporations search for procedures that eliminate the human aspect from the formula.
Of course, Locus Robotics hasn’t had excessive of a concern raising money formerly. The Massachusetts-based start-up, which raised $26 million back in April of last year, is adding a $40 million Series D to its funds. That brings the full amount to north of $105 million. This most current round, led by Zebra Technologies, comes as the company looks to broaden operations with the launch of a European HQ.
“The new funding allows Locus to speed up expansion into global markets,” CEO Rick Faulk stated in a release, “enabling us to reinforce our support of retail, industrial, healthcare, and 3PL companies worldwide as they browse through the COVID-19 pandemic, guaranteeing that they come out more powerful on the other side.”
Locus has already seen excellent traction here in the States for its bin-moving robotics. In February, the business announced that its robots have passed 100 million systems chose. The occasion occurred at a DHL facility in Pennsylvania. The following month, DHL concurred to release 1,000 of the business’s robotics in 2020. In April, UPS announced that it would be piloting Locus robotics in its own facilities.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.